• The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
  1. Signing of India-Australia MoU for Secondment Programme.
  2. Signing and ratification of protocol amending the Agreement between India and China for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion.
  3. Signing of a MoU with United Kingdom of Great Britain and Northern Ireland on Cooperation in the Field of Skill Development, Vocational Education and Training.
  4. Signing of a Memorandum of Cooperation between India and USA on Law Enforcement Training.
  5. Discovered Small Fields (DSF) Policy Bid Round-11 for 60 un-monetised discoveries of ONGC and OIL under Nomination and Relinquished Discoveries under PSC Regime.
  6. Ratification of the Minamata Convention on Mercury.
  7. Placing the new Instrument adopted by International Labour Organization (ILO) Recommendation concerning “The Employment and Decent Work for Peace and Resilience” before the Parliament.
  8. Implementation of ‘Prime Minister Research Fellows (PMRF)’.
  9. Insolvency and Bankruptcy Code (Amendment) Bill, 2017 to replace the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017.
  10. Proposal for Amendment to the Micro, Small and Medium Enterprises Development Act2006 to change the criteria of classification and to withdraw the MSMED (Amendment) Bill, 2015 – pending in Lok Sabha.
  11. Cabinet apprised of an MoU signed between India and Tunisia for cooperation on Youth matters.
  12. Changes in the Major Port Authorities Bill 2016.
  13. Rationalization of Autonomous Bodies under Department of Health & Family Welfare.
  • In order to remove existing ambiguities due to multiple Acts and rules for Small Saving Schemes, the Government of India has proposed merger of Government Savings Certificates Act, 1959 and Public Provident Fund Act, 1968 with the Government Savings Banks Act, 1873.
  • The defence ministry of India approved capital acquisition proposals worth Rs.15,935 crore which included the purchase of 7.40 lakh assault rifles, 5,719 sniper rifles and light machine guns to bolster the strength of the armed forces.
  • The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows-
(a) Proposal for Mahanadi Water Disputes – Constitution of a Tribunal under Inter-State River Disputes Act, 1956 – request from State of Odisha.
(b) India-Morocco Cooperation Agreement in  Railway Sector. The Cooperation Agreement will enable technical cooperation in the following areas:-
Training and staff development;
Expert missions, exchange of experience and personnel; and
Mutual technical assistance, including exchanging of experts.
(c) Agreement between India and Israel on Film Co-production
(d) New Bill to ban Unregulated Deposit Schemes and Chit Funds (Amendment) Bill, 2018.
(e) Silkyara Bend-Barkot Tunnel in Uttarakhand as part of ‘Chardham Mahamarg Pariyojana’.
  • In a major policy initiative to protect the savings of the investors, the Union Cabinet has given its approval to introduce the following bills in the Parliament:-
    1. Banning of Unregulated Deposit Schemes Bill, 2018 in parliament &
    2. Chit Funds (Amendment) Bill, 2018.
  • The Union Cabinet has given approval for creation of National Urban Housing Fund (NUHF) for Rs.60,000 crores. This fund will be situated in Building Materials and Technology Promotion Council (BMTPC), an autonomous body under the Ministry of Housing and Urban Affairs.