• The Union Cabinet took several key decisions including setting up of a high-level committee (HLC) to implement Clause 6 of Assam Accord to hold discussions with all stakeholders on the quantum of reservation of seats in Assam Legislative Assembly and local bodies for Assamese people among other decisions.

  • The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals.
  1.  Apprised of MoU between India and Morocco on Cooperation in the area of Cyber Security.
  2. Apprised of Progress under NHM and Decisions of Empowered Programme Committee and Mission Steering Group of NHM.
  3.  High-level committee to implement Clause 6 of Assam Accord Several Longstanding demands of Bodos also approved.
  4.  Proposal to allot land to Chandigarh Housing Board for construction of apartments for 3930 allottees under Self-Financing Housing Scheme for UT Employees.
  5. First-ever three-way merger in Indian Banking with amalgamation of Vijaya, Dena and Bank of Baroda.
  6.  Amendment to the Trade Unions Act, 1926 to make provisions regarding Recognition of Trade Unions.
  7. Ex post facto approval to India’s Approach for COP 24, Katowice, Poland (2-15 December 2018).
  8. Restructuring of National Health Agency as “National Health Authority” for better implementation of Pradhan Mantri – Jan Arogya Yojana.
  9. Continuation of Rashtriya Yuva Sashaktikaran Karyakram Scheme for the Period 2017-18 to 2019-2020. 
  10.  ‘The Constitution (Scheduled Tribes) Order (Amendment) Bill, 2018’ for revision in list of Scheduled Tribes of Arunachal Pradesh.
  11.  Continuation of Umbrella scheme for “Family Welfare and Other Health Interventions” during 2017-18 to 2019-20.
  12.  Allows inclusion of merchant exporters under Interest Equalisation Scheme (1ES)for Pre and Post Shipment Rupee Export Credit. 
  • The cabinet has approved the merger of Vijaya Bank & Dena Bank with Bank of Baroda.After this merger, Bank of Baroda will become the third biggest public sector bank. The merger will be effective from April 1. This is also the first ever three-way merger in Indian banking.
  • The Indian Parliament passed the Right of Children to Free and Compulsory Education (Amendment) Bill, 2018 that seeks to do away with the no-detention policy in schools. The legislation is significant as it brings accountability in the elementary education system. The Bill seeks to amend the Right to Education (RTE) Act to abolish the “no-detention”policy in schools. Under the current provisions of the Act, no student can be detained up to class VIII. 
  • The Indian Parliament passed the National Council for Teacher Education (Amendment) Bill, 2018. The Lok Sabha had already passed the Bill. The bill aims to grant retrospective recognition to Central and State institutions which had conducted teacher education courses without approval by the Council. This will ensure that the future of about 17 thousand students having degrees from such institutions is secured. 
  • The Union Cabinet approved a 10% reservation for ‘economically backward’ upper castes in government jobs. Ahead of the General Elections this year, the government has announced reservation in jobs for those belonging to the upper castes and earning less than Rs 8 lakh per year. 
  • The Citizenship Amendment bill seeking to provide Indian citizenship to persecuted minorities from Bangladesh, Pakistan, and Afghanistan was passed by Lok Sabha. The Bill provides for Indian citizenship to such immigrants after six years of residence in India instead of 12 years currently. 

  •  The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals.The Cabinet has approved- 
    1. MoU on Maritime issues between India and Denmark.
    2. MoU between India and Japan on Development of Advanced Model Single Window.

  •   The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of  approvals. The important Cabinet Approvals are given as follows:

  1.  MoU between India and Australia on the safety in Mines, Testing and Research Station.
  2. Regularisation of Pay Scales of below Board Level Executives in NHPC Ltd., North East Electric Power Corporation, THDC India Ltd. and SJVN Ltd. w.e.f. 1.1.97.
  3. Revised Cost of Estimates (RCE) for 13 new Central Universities in the States of Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir (Two), Jharkhand, Karnataka, Kerala, Orissa, Punjab, Rajasthan and Tamil Nadu, set up under Central Universities Act, 2009.
  4. Expenditure sanction for Integrated E-filing and Centralized Processing Centre 2.0 Project.
  5. Recapitalization of Export-Import Bank of India:

  • Issuance of Recapitalization Bonds by the Government of India to the tune of Rs.6,000 crore for capital infusion in Export-Import Bank of India (Exim Bank).
  • The equity will be infused in two tranches of Rs. 4,500 crore in FY 2018-19 and Rs.1,500 crore in FY 2019-20 respectively.
  • The Cabinet also approved an increase in the authorized capital of Exim Bank from Rs. 10,000 crore to Rs. 20,000 crore. 6.Ex-post facto approval for Agreement on the facilitation of visa arrangements signed between India and Maldives
  • Ex-post facto approval for Agreement on the facilitation of visa arrangements signed between India and Maldives

  • The Union Cabinet has approved the recapitalization of EXIM Bank.The details are as follows:
    1. Issuance of Recapitalization Bonds by the Government of India to the tune of Rs.6,000 crore for capital infusion in Export-Import Bank of India (Exim Bank).
    2. The equity will be infused in two tranches of Rs. 4,500 crore in FY 2018-19 and Rs.1,500 crore in FY 2019-20 respectively.
    3. The Cabinet also approved an increase in the authorized capital of Exim Bank from Rs. 10,000 crore to Rs. 20,000 crore.

  • The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows:
  1.  MoC between India and Japan in the field of Food Processing Industry.
  2. Extension of Delhi Metro corridor from Dilshad Garden to New Bus Adda Ghaziabad
  3.  MoU between India and Kuwait for cooperation on the Recruitment of Domestic Workers
  4. Amendment to the ‘Framework on Currency Swap Arrangement for SAARC Member Countries’ to incorporate ‘Standby Swap’ amounting to USD 400 million operated within the overall size of the facility.
  5. Creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT).