Union minister Prakash Javadekar addresses a press conference announcing Cabinet decisions on Wednesday. (File Photo)
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Amid the continued farmers’ protest, the Union Cabinet on Wednesday met and took choices associated to agriculture, telecom and energy sectors. Announcing the choices, Union minister Prakash Javadekar mentioned the Cabinet will present subsidy on 60 lakh tonne sugar which is able to profit 5 crore farmers and 5 lakh staff. The cash will instantly be credited to the financial institution accounts of the farmers. “For the last two and three years, there have been a surplus in production and therefore the price has gone down,” Javadekar mentioned. Farmers will get three credit within the coming days, the minister added.

The meals ministry had proposed Rs three,600 crore subsidy for exports of 60 lakh tonnes of sugar within the advertising yr 2020-21 (October-September).

In one other essential announcement, Union minister Ravi Shankar Prasad mentioned public sale for the following spherical of spectrum allocation has additionally been permitted by the Cabinet. The final public sale was held in 2016.

“Cabinet approves Auction of spectrum in 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz frequency bands, for validity period of 20 yrs. A total of 2251.25 MHz is being offered with total valuation of Rs 3,92,332.70 crores,” the minister mentioned.

The Union Cabinet assembly, held through video conferencing, began at 11.25am.

The final Cabinet assembly was held on December 9, the place the cupboard gave a mod for Aatmanirbhat Bharat Rojgar Yojana (ABRY) to spice up the employment within the formal sector and incentive the creation of recent employment alternatives throughout COVID-19 restoration part beneath Aatmanirbhar Bharat Package three.zero.

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