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Union Cabinet

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Last Updated: Just Now
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Banking, Fintech & Insurance 17 Oct 2026, 05:00 PM IST

Cabinet Clears Fairfax’s Rs 52,878 Crore Bid for 60.72% Stake in IDBI Bank

The Union Cabinet has cleared the long-awaited sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore, marking a major step in India’s banking-sector divestment programme. The transaction is expected to advance the government’s disinvestment agenda while reinforcing the lender’s turnaround after a sustained improvement in asset quality.

By RDU Global Wire6 min read
National Governance & Policy15 Oct 2026, 04:02 AM IST

Cabinet Clears ₹2,010 Crore Bonus for Over 11 Lakh Railway Employees Ahead of Festive Season

The Union Cabinet has approved a productivity-linked bonus of ₹2,010 crore for more than 11 lakh railway employees, extending a yearly fiscal incentive that typically arrives before the Durga Puja and Dussehra holidays. The payment is intended to reward performance, reinforce workforce morale, and support one of the country’s largest public-sector employers during the peak festive period.

5 min readRead →
National Governance & Policy14 Oct 2026, 11:18 PM IST

Cabinet Approves 78-Day Bonus for 11.4 Lakh Railway Employees as Freight, Passenger Traffic Hit Records

The Union Cabinet has approved a productivity-linked bonus equivalent to 78 days’ wages for 11.4 lakh railway employees, recognising their role in a year of record freight loading and passenger traffic. The annual payout underscores the government’s effort to reward operational performance while reinforcing the railways’ central role in India’s logistics and mobility network.

5 min readRead →
National Governance & Policy08 Oct 2026, 09:53 AM IST

Cabinet Approves ₹10,000 Crore SME Growth Fund to Boost Manufacturing and Tech-Led Small Businesses

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a ₹10,000 crore SME Growth Fund aimed at expanding access to capital for manufacturing and technology-focused small and medium enterprises. The move is designed to strengthen India’s industrial base, support scale-up financing, and improve the flow of long-term risk capital into a segment that remains central to jobs, exports and innovation.

6 min readRead →
National Governance & Policy08 Oct 2026, 02:45 AM IST

Cabinet Approves Rs 10,000 Crore SME Growth Fund as India Deepens Equity Backing for Smaller Firms

India’s Cabinet has approved a Rs 10,000 crore SME Growth Fund that will make direct equity investments in small and medium enterprises, marking a notable shift from credit-led support to risk capital. The move is aimed at helping promising firms scale faster, strengthen balance sheets and access growth financing that is often unavailable through traditional lending channels.

5 min readRead →
National Governance & Policy07 Oct 2026, 06:23 PM IST

Cabinet Clears Integrated Transport Authority to Streamline Logistics Planning

India’s Cabinet has approved the creation of an Integrated Transport and Logistics Authority aimed at improving efficiency across planning, research, appraisal and monitoring in the transport ecosystem. The move is designed to address long-standing coordination gaps that have slowed decision-making and weakened logistics performance across sectors.

5 min readRead →
National Governance & Policy07 Oct 2026, 04:57 PM IST

Cabinet Clears Integrated Transport Authority to Streamline Logistics Planning

The Union Cabinet has approved the creation of an Integrated Transport and Logistics Authority, a move aimed at improving coordination across India’s transport ecosystem and reducing long-standing inefficiencies in planning and execution. The new framework is expected to strengthen research, appraisal, monitoring and policy alignment across road, rail, ports and other logistics-linked systems.

5 min readRead →
Banking, Fintech & Insurance07 Oct 2026, 06:12 AM IST

Cabinet Approves Rs 10,000 Crore SME Growth Fund to Accelerate Manufacturing

India’s Cabinet has approved a Rs 10,000 crore SME Growth Fund designed to support small and medium enterprises through direct equity investments. The move is aimed at strengthening manufacturing capacity, improving access to patient capital, and helping promising firms scale beyond the constraints of traditional bank lending.

5 min readRead →
National Governance & Policy07 Oct 2026, 03:38 AM IST

Cabinet Clears Five Bengaluru Commissionerates, Drawing Caution From Former Police Chiefs

The Union Cabinet has approved the creation of five police commissionerates for Bengaluru, a major administrative overhaul aimed at sharpening urban policing in one of India’s fastest-growing cities. Former senior police officers, however, have warned that a civic model cannot be transplanted wholesale into law enforcement, arguing that crime patterns, traffic control and emergency response do not neatly align with municipal boundaries.

5 min readRead →
Banking, Fintech & Insurance06 Oct 2026, 10:37 PM IST

Cabinet Approves ₹10,000 Crore SME Growth Fund to Accelerate Manufacturing and Tech-Led Expansion

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a ₹10,000 crore SME Growth Fund aimed at strengthening India’s small and medium enterprise base, with a sharp focus on manufacturing and technology-oriented businesses. The move is designed to improve access to growth capital for firms that are often too large for seed-stage startup support but too small or under-collateralised for conventional bank finance.

5 min readRead →
National Governance & PolicyJust now (02:06 AM IST)

Cabinet Approves ₹1.86 Lakh Crore Green Energy Corridor-III to Move 135 GW of Renewable Power

The Union Cabinet has cleared the Green Energy Corridor-III programme with an outlay of ₹1.86 lakh crore to strengthen state transmission systems and evacuate 135 GW of renewable electricity. The plan is designed to improve grid flexibility and enable smoother integration of solar and wind power, especially during non-solar hours when supply patterns are more variable.

6 min readRead →

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