Page 8 - NIS English 1-15 June, 2026
P. 8

UNION CABINET DECISIONS

                 momentum through the design infrastructure
                 support provided by the government to 315             DECISION: The Cabinet Committee on
                 academic institutions and 104 startups.               Economic Affairs approved three multi-tracking
               n Momentum within India’s semiconductor ecosystem       projects covering 19 districts across the states
                 is accelerating, with ten approved projects already at   of Madhya Pradesh, Rajasthan, Uttar Pradesh,
                                                                       Karnataka, Andhra Pradesh, and Telangana.
                 various stages of implementation.
                                                                       IMPACT: This will result in an addition of
                                                                       approximately 901 kilometres to the Indian
               DECISION:  Approval of the Emergency Credit             Railways’ existing network.
               Line Guarantee Scheme (ECLGS) 5.0                       n The total estimated cost of these projects is
               IMPACT:  The objective of this scheme is to enable        ₹23,437 crore, and they are scheduled to be
               businesses to recover from the challenges arising         completed by the year 2030-31.
               from the conflict in West Asia. Additionally, it is expect-  n The proposed multi-tracking projects will
               ed to assist businesses in sustaining their operations,   improve connectivity for approximately 4,161
               safeguarding jobs, and maintaining supply chains.         villages, serving a combined population of
               n The proposed credit guarantee scheme represents a       about 83 lakh.
                 crucial step toward assisting businesses, particularly
                 MSMEs and the airline sector, by ensuring that their             These projects include
                 additional working capital requirements are met by
                 banks and financial institutions.                   Nagda-           Guntakal-      Burhwal-
                                                                     Mathura: 3rd     Wadi: 3rd and  Sitapur: 3rd
               n By ensuring the timely availability of funds, this   and 4th Lines   4th Lines      and 4th Lines
                 scheme will help sustain businesses and prevent job
                 losses.

               n It will also foster uninterrupted domestic production
                 and uphold the resilience of the ecosystem.


               DECISION: The cabinet approves the ship repair
               facility at Vadinar, Gujarat
               IMPACT: The Vadinar Ship Repair Centre will direct-  increasing  the number  of  judges  in the  Supreme
               ly address a critical gap currently existing in India’s   Court of India, excluding the Chief Justice, from the
               ship repair infrastructure, as the country currently   current 33 to 37.
               lacks adequate  domestic  capacity  to  repair  large   n The increase in the number of judges will enable
               vessels exceeding 230 metres in length. By enabling    the Supreme Court to function more efficiently and
               the repair of vessels up to 300 metres, this centre    effectively, thereby ensuring speedier justice.
               will make high-value repairs of large ships possible   n Expenditure incurred on the salaries and other
               within  India  itself.  This  will  significantly  reduce   emoluments of the judges and supporting staff will
               dependence  on foreign  shipyards  and  curb  the      be met from the Consolidated Fund of India.
               outflow of foreign exchange.
               n The project is expected to create sustainable      DECISION:  Fair and  Remunerative Price  (FRP)
                 employment, generating approximately 290 direct    of  ₹365 per quintal approved for sugarcane
                 and around 1,100 indirect jobs across ship repair,   farmers for the 2026-27 sugar production season
                 logistics, and ancillary industries, while catalysing a   IMPACT:  This decision  has  been  taken keeping
                 broader maritime industrial ecosystem.             the interests  of sugarcane farmers  in  mind. This
                                                                    decision will benefit 5 crore sugarcane farmers, as
               DECISION:  Approval granted for the proposal         well as 5 lakh workers engaged in sugar mills and
               to introduce the Supreme  Court (Number  of          associated ancillary activities.
               Judges) Amendment Bill, 2026, in Parliament
               IMPACT:  The  objective  is to  amend  the Supreme   DECISION:  Approval granted for an incentive
               Court  (Number  of  Judges)  Act, 1956,  thereby     scheme  for  coal/lignite  gasification  projects


               6   NEW INDIA SAMACHAR || June 1-15, 2026
   3   4   5   6   7   8   9   10   11   12   13