Home >News >India >CCEA approves 1,340-cr recapitalisation of regional rural banks to improve CRAR
Prakash Javadekar (Photo: PTI)
Prakash Javadekar (Photo: PTI)

CCEA approves 1,340-cr recapitalisation of regional rural banks to improve CRAR

  • Rice and wheat will be given at concessional rates for the next three months to 80 crore people, said I&B Minister Prakash Javadekar
  • Cabinet approves extension of scheme for rebate of state, central taxes on export of garments

The Cabinet Committee on Economic Affairs approved 1,340-crore recapitalization of regional rural banks to improve their capital to risk-weighted assets ratio.

At a press conference on Wednesday, Union Minister Prakash Javadekar said the Cabinet approved utilization of 670 crore as Central Government's share for the scheme.

The Information and Broadcasting Minister Prakash Javadekar said the Cabinet also approved extension of scheme for Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups from 1 April onward till the scheme is merged with Remission of Duties and Taxes on Exported Products.

Cabinet approved the construction of the Aligarh-Harduaganj flyover, the total length of the railway flyover will be 22 km. It is likely to be completed in five years, said Javadekar.

"The people below poverty line will be given wheat at 2. Rice and wheat will be given at concessional rates for the next three months to 80 crore people. The contractual laborers will be given their salaries,

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