Cabinet has approved the Jammu & Kashmir Reservation (Second Amendment)Bill, 2019.

Briefing media persons in New Delhi this afternoon after the cabinetmeeting, Information and Broadcasting Minister Prakash Javadekar said, the billwill pave the way of extending the benefit of reservation of up to 10 per centfor Economically Weaker Sections in educational institutions and publicemployment alongside existing reservations.

The cabinet also accorded approval to the introduction of Chit Funds(Amendment) Bill, 2019 in Parliament. Mr Javadekar said, this will fulfil theobjectives of reducing the regulatory or compliance burden of the registeredChit Funds Industry as well as protecting the interest of the Chit Fundsubscribers.

Cabinet Committee on Economic Affairs, CCEA has also approved Nutrient BasedSubsidy rates for Phosphatic and Potassic fertilizers for the year 2019-20.

Briefing media persons in New Delhi this afternoon after the cabinet meeting,Information and Broadcasting Minister Prakash Javadekar said, expectedexpenditure for release of subsidy during 2019-20 will be 22 thousand 875 crorerupees.

Mr Javadekar said, this will enable the manufacturers and importers toformalise supply contracts for fertilisers and fertilisers inputs and makefertilizers available to the farmers.