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Union Cabinet approves purchase of 15 combat helicopters at a cost of Rs 3,887 crore

  • Approval has been given to purchase 15 locally made light combat helicopters at a cost of Rs 3,887 crore. Of this, 10 helicopters will be provided to the Air Force and 5 to the Army, according to the Ministry of Defense. 
  • The Cabinet also approved an allocation of Rs 377 crore for infrastructure development. The helicopters are manufactured by Hindustan Aeronautics Limited, a state-owned company.
5th BIMSTEC Conference
  • India, Sri Lanka, Bangladesh, Nepal, Bhutan, Thailand and Myanmar in the Bay of Bengal formed a federation called BIMSTEC in 1997.
  • In this context, Sri Lanka is hosting the BIMSTEC Conference on Technical and Economic Cooperation in the Bay of Bengal. The conference is being held in Colombo, the capital of Sri Lanka. Prime Minister Modi spoke on video.
  • He was referring to the Russia-Ukraine crisis. In addition, Prime Minister Modi announced that India would provide Rs 7.5 crore for the management needs of BIMSTEC.
Chartered Accountant Bill passed in the Lok Sabha
  • Rao Inderjit Singh, Joint Minister for Corporate Affairs, introduced the new bill in the Lok Sabha, amending the Chartered Accountant Act 1949, the Cost and Work Accountant Act 1959 and the Corporate Secretary Act 1980.
  • The majority objected to the amendment, which would have five members on the ICAI's disciplinary committee and three non - chartered auditors, and insisted that it be sent to the select committee for consideration.
  • All members of the opposition strongly objected to the change in the rule that the Secretary of the Ministry of Corporate Affairs would be the chairman of the disciplinary committee. However, the Lok Sabha approved the bill.
Puducherry Assembly has an interim budget of Rs 3,613 crore
  • Chief Minister Rangasamy has tabled an interim budget of Rs 3,613 crore 66 lakh 48 thousand for the 5 months essential expenditure for the financial year 2022-23 from April to August. It was voted on by Speaker Selvam and approved by the House.
Chief Minister inaugurated the Central Square in Chennai Central
  • In the Central area of ​​Chennai, under the Central Square Project, a world-class multimodal transport integration project implemented by the Chennai Metro Rail Corporation with the financial assistance of the Chennai Metropolitan Development Corporation, an estimated Rs 34.22 crore worth of landscaping facilities and tunnels have been opened for public use.
  • The exterior, which is adorned with landscaping facilities, has been upgraded to be safe and comfortable for pedestrians and is adorned with trees, lawns and beautiful vegetation.
Increase in internal rates for central government employees
  • The Union Cabinet has approved a 3% pay hike for central government employees. According to the central government, 47.68 lakh civil servants and 68.63 lakh retired civil servants will benefit from the hike.
  • In addition, the central government has announced an increase of 35 per cent in inflation from 34 per cent to 34 per cent.
Tamil Nadu Chief Minister Stalin inaugurated the Tamil Nadu State Health Council
  • The Chief Minister of Tamil Nadu, M.K. Stalin began March 30. The Tamil Nadu Health Rehabilitation Project is being implemented with the support of the World Bank in order to improve the health standards of the people of Tamil Nadu.
  • As part of this program, health council meetings are held at the district and state levels to further promote citizen involvement in health policy making.
  • During his visit to the Government of Tamil Nadu Multipurpose High Special Hospital to inaugurate the conference, the Chief Minister of Tamil Nadu launched a Rs. One crore
Cabinet approves Rs 6,062.45 crore for improving the performance of small, medium and micro enterprises
  • With the assistance of the World Bank, the US $ 808 million or Rs. 6,062.45 crore to be provided by the Prime Minister. The Union Cabinet headed by Narendra Modi gave its approval today. The new scheme will start in the financial year 2022-23.
  • The total cost of the project is Rs 6,062.45 crore or US $ 808 million. Of this, Rs 3750 crore or US $ 500 million will be borrowed from the World Bank and the remaining Rs 2312.45 crore or US $ 308 million will be funded by the Government of India.
In 2009, the Union Cabinet approved an amendment to the Mega Power Policy for Temporary Mega Power Projects
  • The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, today approved the extension of the period (36 months) for the 10 provisional certified mega projects identified for submission of final mega certificates to the tax authorities.
  • Organizations involved in this extension will be able to compete in contract points for future purchases of electricity and obtain tax breaks in accordance with policy terms.
  • During this period the contract points for the power company (Renewable Energy, Storage and Conventional Electricity) will be welcomed in collaboration with the Ministry of New and Renewable Energy in collaboration with the Solar Energy Corporation of India. These mega projects are expected to participate in such projects at such contract points.
  • During this period, the Ministry of Power will develop an alternative plan to ensure the benefits to consumers based on the current electricity markets.

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