Governance

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Four Point Plan Chalked Out by the Department of Commerce to Deal with Blockage of Suez Canal

A Four-point plan has been chalked out to deal with the situation arising from the blockage of Suez Canal. This plan was chalked out in a meeting convened by the Logistics Division, Department of Commerce, Government of India today. The meeting was chaired by Shri PawanAgarwal, Special Secretary (Logistics) and attended by the Ministry of Ports, Shipping and Waterways, ADG Shipping, Container Shipping Lines Association (CSLA) and Federation of Indian Export Organisations (FIEO).

56,368 New Houses Approved Under PMAY(U)

Construction of 56,368 houses have been approved under PMAY-U at 53rd Central Sanctioning and Monitoring Committee Meeting held here last evening. These houses are proposed to be constructed under various verticals of PMAY-U Mission. A total of 11 States/UTs attended the meeting.

Bill to Increase FDI in Insurance Sector Gets Parliament’s Nod

On Monday, the parliament approved a bill to increase foreign direct investment (FDI) in the insurance sector from 49% to 74%. Union Minister for Finance and Corporate Affairs, Ms. Nirmala Sitharaman, who is piloting the Bill, stated that increasing the FDI limit in the insurance sector will support insurers in boosting additional funds and overcoming financial issues.