Page 16 - NIS English November 1-15

Cabinet Decisions

CABINET GETS VOCAL FOR LOCAL

The recent Cabinet decisions will attract investment in Natural Gas sector,
generate employment, protect environment, save money and boost the
cyber security of the country

DECISION: ‘Natural Gas technologies; sharing information on cyber
Marketing Reforms’ security threats/incidents and malicious
approved. cyber activities, as well as best practices to
BENEFITS: Investor- counter them; developing joint mechanisms for
driven Open Acreage practical cooperation to mitigate cyber threats
Licensing Policy has to the security of Information Communication
substantially increased Technology (ICT) infrastructure etc.
the acreage in the country. The entire eco-system
of policies related to production, infrastructure DECISION: Revised cost estimate of Rs 8,575
and marketing of natural gas has been made more Crore approved for the Kolkata East West
transparent with a focus on ease of doing business. Corridor project after the realigned route.
These reforms will prove to be significant for BENEFITS: The decision will help providing
Aatma Nirbhar Bharat by encouraging investments a safe, efficient and environment-friendly
in the domestic production of natural gas and transport system. The realigned route will
reducing import dependence. They will also prove reduce commuting time, fuel consumption,
to be another milestone in moving towards a gas- capex on road infrastructure, pollution, accident
based economy by encouraging investments. and enhance Transit Oriented Development. It
will generate additional revenue, create jobs,
DECISION: Signing and incorporate the spirit of ‘Aatma Nirbhar
of the Memorandum Bharat’ and ‘Vocal for Local’.
of Cooperation (MoC)
in the field of cyber DECISION: Ratification of seven Persistent
security between India Organic Pollutants listed under Stockholm
and Japan Convention.
BENEFITS: The MoC will enhance cooperation BENEFITS: The ratification would enable
in areas of mutual interest, which include inter- India to access Global Environment Facility
alia, capacity building in cyberspace; protection financial resources in updating the National
of critical infrastructure; cooperation in emerging Implementation Plan.

14 New India Samachar