Current Affairs 14 October 2022
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NATIONAL AFFAIRS
Cabinet Approval on October 12 2022
On October 12, 2022, the Union Cabinet chaired by the Prime Minister (PM) of India Narendra Modi has approved the following proposals which were detailed by Union Minister Anurag Singh Thakur, Ministry of Information and Broadcasting (MIB) during media briefing in New Delhi, Delhi:
i.The Union Cabinet has approved the proposal of Ministry of Petroleum & Natural Gas (MoP&NG) to give one time grant Rs 2200 crore to three Public Sector Undertaking Oil Marketing Companies (PSU OMCs) viz. Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL).
ii.The Cabinet also gave its nod to disbursement of productivity-linked bonus (PLB) of Rs 1,832.09 crores among 11,27,000 railway employees. This PLB is equivalent to 78 days, and its maximum limit is capped at Rs 17,951.
iii.The Cabinet also approved the central sector scheme, Prime Minister Development Initiative for North-eastern Region (PM-DevINE), which was announced in the Budget 2022. It was approved for the remaining four years of the 15th Finance Commission from FY23 to FY26 with an allocation of Rs 6,600 crore.
iv.The Cabinet Committee on Economic Affairs (CCEA) chaired by the PM has approved…
