Cabinet brings sack of development gifts for the nation; GST, Communication, Airways etc sees change
New Delhi, September 26: Our Cabinet today gave many developmental gifts to the country by taking these decisions. The decisions were announced by the cabinet ministers today.
The cabinet chaired by PM Modi has approved increasing of Government ownership in Goods and Services Tax Network (GSTN) and change in the existing structure with transitional plan as per following:
Acquisition of entire 51% equity held by the Non-Government Institutions in GSTN equally by the Centre and the State Governments and allow GSTN Board to initiate the process for acquisition of equity held by the private companies.
The restructure GSTN, with 100% government ownership shall have equity structure between the Centre (50%) and the States (50%).
To allow change in the existing composition of the Board of GSTN inducting three directors from the Centre and the States and three other independent directors to be nominated by the Board of Directors and one Chairman and the CEO. Thus the total number of Directors is 11.
The cabinet has also put a nodding marking on the National Digital Communications Policy-2018 (NDCP-2018) and re-designation of the Telecom Commission as the "Digital Communications Commission”.
It has approved the construction of New Domestic Terminal Building and other allied structures at Patna airport at an estimated cost of Rs.1,216.90 crore.
Due to excess carryover stocks and indication of similar excess production in the ensuing sugar season 2018-19, the liquidity problem of the sugar mills is likely to persist in the coming sugar season too. As a result, cane price arrears of sugarcane farmers may also peak at unprecedented high level.
In order to mitigate the situation, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the measures involving total assistance of over Rs. 5500 crore to support the sugar sector by way of offsetting cost of cane and to facilitate export of sugar from the country thereby improving liquidity of the industry enabling them to clear cane price arrears of farmers.
Cabinet has also approved transfer (disinvestment) of incomplete projects of Hotel Gulmarg Ashok, Gulmarg and Hotel Patliputra Ashok, Patna to the State Governments of Jammu & Kashmir and Bihar respectively.
New BG Electrified Line of 294.53 route Kms from Katghora to Dongargarh will provide rail connectivity to unserved areas of Chhattisgarh
Korba, Bilaspur, Mungeli, Kabirdham and Rajnandgaon districts of Chhattisgarh will be benefitted
Estimated cost of project is Rs. 5950.47 crore with equity participation of Ministry of Railways and Government of Chhattisgarh