In a big breaking news, the Union Cabinet on Friday has cleared a raft of legislations aimed at improving social safety by raising the number of days available for work under the jobs guarantee scheme, opening up the civil nuclear energy space to the private sector, and strengthening markets and the financial sector by allowing up to 100% foreign investment in insurance.
Govt intends to introduce the Pujya Bapu Gramin Rozgar Guarantee Bill to replace MGNREGA, which will provide assured employment to the rural poor for 125 days against 100 days at present and will require a big increase in outlay. The move, ahead of polls in West Bengal, is expected to help undermine UPA’s effort to claim political proprietorship of the job scheme.
With just a week for winter session to end, govt will push the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (Shanti) Bill — which will allow private sector participation, including possibly overseas investors.

 

Source: TOI