Cabinet approves listing of five PSUs general insurance companies: FinMin Arun Jaitley

Finance Minister Arun Jaitley and Union Minister Ravi Shankar Prasad on Wednesday held a Cabinet briefing in Delhi. 

Here are the highlights:

#Cabinet has given ex-post facto approval to MoU signed between India and Serbia in field of IT & Electronics

#Cabinet has cleared proposal for India’s taking full membership of International Vaccine Institute Governing Council

#Cabinet has given its approval for amendment in Modified Special Incentive Package Scheme to further incentivize Electronic Sector

#Shareholding of these Cos to be divested from 100 % to 75 %. Listing to open way for cos to raise resources from cap market to meet fund req

#Cabinet has given ex-post facto approval to package for supporting Micro & Small Enterprises

#Cabinet has given its approval for introduction of Repealing & Amending Bill, 2017 to repeal 105 Acts

#Cabinet has given approval for establishment of Indian Agricultural Research Institute (lARI) in Jharkhand,  outlay Rs. 200 cr

#Out of 1824 redundant laws till now 1175 have been repealed. Today we've decided to repeal 105 more old laws: Union Min RS Prasad

#The credit guarantee trust’s assets will be increased to Rs 7500 crores by government: Arun Jaitley

#Companies are - New India Assurance, United India Insurance, Oriental Insurance , National Insurance & General Insurance: FM

#CCEA has given in-principle approval for listing 5 Government owned General Insurance Companies in stock exchanges: Arun Jaitley