Cabinet approves J&K Reservation (Second Amendment) Bill

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National News

Jul 31, 2019

9:13PM

Cabinet approves J&K Reservation (Second Amendment) Bill

DD News

The Cabinet has approved the Jammu & Kashmir Reservation (Second Amendment) Bill, 2019. Information and Broadcasting Minister Prakash Javadekar said, the bill will pave the way for extending the benefit of reservation of up to 10 per cent for Economically Weaker Sections in educational institutions and public employment alongside existing reservations.

The Cabinet Committee on Economic Affairs (CCEA) gave its nod to the proposal of the Department of Fertilizers for fixation of Nutrient Based Subsidy rates for Phosphatic and Potassic fertilizers for the year 2019-20.

Mr. Prakash Javadekar said, expected expenditure for the release of subsidy during 2019-20 will be 22 thousand 875 crore rupees. He said, this will enable manufacturers and importers to formalise supply contracts for fertilisers and fertiliser inputs and make fertilizers available to farmers.

The Cabinet also accorded approval to the introduction of Chit Funds (Amendment) Bill, 2019 in Parliament. Mr Javadekar said, this will fulfil the objectives of reducing the regulatory or compliance burden of the registered Chit Funds Industry as well as protecting the interest of the Chit Fund subscribers.