APN News

  • Wednesday, November, 2018| Today's Market | Current Time: 12:30:04
  • Cabinet decides to open central tribal university in Andhra Pradesh

    Published on November 8, 2018

    Union Cabinet has given in principle approval for leasing out six airports through Public Private Partnership.

    They are Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru.

    Briefing reporters in New Delhi this evening, Law Minister Ravi Shankar Prasad said, the Cabinet has also approved amendment to the Central Universities Act- 2009 for setting up of a  Central Tribal University in Andhra Pradesh.

    A fund of 420 crore rupees has been granted as the first phase expenditure towards the establishment of the University.

    In another decision, the Cabinet has given its in-principle approval for laying down procedures and mechanisms for sale of enemy shares under the custody of Home Ministry.

    Mr. Prasad said the value of over 6.50 crore enemy shares amounting three thousand crore rupees will be sold after the decision.

    Cabinet Committee of Economic Affairs, CCEA has also approved strategic disinvestment of 100 per cent government’s equity in the Dredging Corporation of India Ltd to construct four ports.

    They are Vishakhapatnam Port Trust, Paradip Port Trust, Jawahar Lal Nehru Port Trust and Kandla Port Trust.

    Presently, the government holds 73.44 per cent shares in the DCIL. Now the decision will further facilitate the linkage of dredging activities with the ports.

    The CCEA also approved Procurement Quota to ITI Ltd in procurements made by BSNL, MTNL and BBNL.