Page 41 - NIS English May16-31

CABINET DECISION

UREA TO BE PRODUCED USING NEW

TECHNOLOGY FOR THE FIRST TIME IN INDIA

In a bid to boost technological advancement in the country, the Cabinet Committee has
given its approval for production of Urea through an innovative process. The production
of Urea through coal gasification route is a step towards AatmaNirbhar Bharat and will
script a new story in the field of energy security and urea self-sufficiency of the country.
Apart from this the Cabinet also gave approval for Bangalore Metro Rail Project and
amendments to the Finance Bill...

n DECISION: Approval to Bangalore Metro Rail
Project Phase 2A, which will streamline the
urban transportation system in Bengaluru, which
is stressed due to intensive developments,
increase in the number of private vehicles and
heavy construction in the city.
n BENEFITS: Phase 2A will connect Central Silk
Board Junction to K.R. Puram and Phase 2B
will connect K.R. Puram to Airport via Hebbal
Junction.

n Total length of the project is 58.19 km.
The total completion cost of the project is
Rs 14,788 Crore.

n Implementation of the project will provide
the much needed additional public transport
infrastructure to Bangalore.

n DECISION: Approval of subsidy policy for Urea n DECISION: Cabinet gives ex-post facto
produced through coal gasification by Talcher approval for the Government amendments to
Fertilizers Limited. the Finance Bill, 2021, to address stakeholders’

n BENEFITS: The estimated project cost of the concerns.
TFL Urea project is Rs 13,277.21 Crore. n BENEFITS: The Government amendments to the
Finance Bill, 2021 are tax proposals which shall
n The project will give a boost to ‘Make in India’ generate timely revenue for the Government
initiative and ‘AatmaNirbhar'’ campaign. and streamline existing provisions.
n The project shall improve availability of fertilizer n The amendments will address stakeholders
to farmers, thereby boosting development of concerns arising out of amendments
eastern region and will save transport subsidy proposed in the Finance Bill.
for supply of urea in eastern part of the country.
n Amendments to the Finance Bill 2021 shall
n It would assist in reducing urea imports to the provide equity and inclusiveness to all the
tune of 12.7 LMT per annum leading to savings
taxpayers. n
in foreign exchange.

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