The prime minister further said that the support price for sugarcane, called Fair and Remunerative Price (FRP), would be announced in the next two weeks.
The sugar industry and even NCP supremo Sharad Pawar had demanded a higher ethanol price to improve the liquidity of cash-starved mills and enable them clear cane arrears that have crossed Rs 22,000 crore.
Union Cabinet approves Rs 8000 crore relief package for sugarcane farmers
A provision of Rs 450 crore has been approved for meeting the first phase expenditure towards the establishment of the university.
Sources said the ordinance aims at deterring economic offenders from evading the process of Indian law by remaining outside the jurisdiction of Indian courts.
The decision came a day after the Ministry of Women and Child Development told the Supreme Court that it was proposing the death penalty for those convicted of raping children.
The Union Cabinet on Saturday approved ordinance to award death penalty to those convicted of raping children up to 12 years of age. The ordinance would be now sent to the President for his approval.
The Fugitive Economic Offenders Bill was introduced in Lok Sabha on March 12 but could not be passed due to logjam in Parliament over various issues.
The Union Cabinet on Saturday approved ordinance to award death penalty to those convicted of raping children up to 12 years of age.
The ordinance would be now sent to the President for his approval.
According to reports, the new salary of LGs will be three times of what they used to get earlier. The new salary package of LGs will be at par with that of a Secretary to the Union Government.
The provision was strongly opposed by health organisations, including the Indian Medical Association, which said allowing AYUSH doctors practise modern medicine would promote "quackery".
The jurisdiction of the NFRA -- which would be an oversight body for auditors -- will extend to all listed companies as well as large unlisted public companies. The thresholds would be prescribed in the rules.
This Bill also has a provision to confiscate assets of the offender in foreign land as well, for which the government will have to make arrangements with different countries.
Finance Minister Arun Jaitley had announced in his budget speech that a permanent mechanism would be set up to revise the salaries of MPs every five years, and it would be linked to inflation.
It permitted foreign airlines to invest up to 49 per cent under the approval route in the debt-ridden, loss making national carrier, said an official statement issued after the Cabinet meeting chaired by Prime Minister Narendra Modi.
Air India has a total debt of about Rs 48,877 crore at the end of March 2017, of which about Rs 17,360 crore were aircraft loans and Rs 31,517 crore were working capital loans.
The Union Cabinet on Wednesday approved a proposal to allow 100 per cent Foreign Direct Investment (FDI) under automatic route for single brand retail trading.
Last week, Chief Justice of India Justice Dipak Misra had called for shift towards institutional arbitration which should be both timely and cost effective for making India a sought-after arbitration centre.
The ordinance to amend the Insolvency and Bankruptcy Code put in place safeguards to prevent wilful defaulters from bidding for stressed assets.
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