The decision is according as per the recommendations of the draft New Education Policy, which suggested it to bring the focus back on education and learning.
Prakash Javadekar said Cabinet has approved capital infusion of Rs 12,450 crore in three public sector general insurance companies - Oriental Insurance Company, National Insurance Company and United India Insurance Company.
The Union Cabinet today approved The Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020.
In a significant decision for the farm sector, the Union Cabinet today approved an amendment to the Essential Commodities Act to liberalise regulatory environment for farmers.
The Union Cabinet approved the modalities for implementing Rs 50,000 crore equity infusion to support Micro, Small and Medium Enterprises (MSMEs).
Javadekar said that the Central government has recognized the importance of MSMEs and the sector has been made an important part of the announcements made under the Aatmanirbhar Bharat.
Subordinate debt is a debt owed to an unsecured creditor that in the event of liquidation can only be paid after the claims of secured creditors have been met.
Javadekar said that an amendment will be made to the Epidemic Diseases Act, 1897 and ordinance will be implemented.
The scheme has been approved with the objective of protecting depositors' interest and providing stability to Yes Bank as well as to the entire financial system, she added.
The amendment in FDI policy will permit foreign investment in Air India at par with other scheduled airline operators, that is up to 100 per cent in Air India by those NRIs who are Indian nationals.