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  • The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the Setting up of a new company under Department of Space (DoS), to commercially exploit the research and development work carried out by Indian Space Research Organization (ISRO) Centers and constituent units of DOS.   Salient features:   The following areas/avenues provide opportunities for commercial exploitation of ISRO programmes:   Small satellite technology transfer to industry, wherein the new company shall take license from DoS/ISRO and sub-license to industries; Manufacture of small satellite launch vehicle (SLV) in collaboration with the Private Sector; Productionisation of Polar SLV through industry; Productionisation and marketing of Space-based products and services, including launch and applications; Transfer of Technology developed by ISRO Centers and constituent units of DoS; Marketing of some spin-off technologies and products, both in India and abroad; and Any other subject which Government of India deems fit.
  • The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Promulgation of Unregulated Deposit Schemes Ordinance, 2019.   Benefits:   The proposed Ordinance will immediately tackle the menace of illicit deposit taking activities in the country launched by rapacious operators, which at present are exploiting regulatory gaps and lack of strict administrative measures to dupe poor and gullible people of their hard-earned savings, by altogether banning unregulated deposit taking schemes, and having adequate provisions for punishment and disgorgement / repayment of deposits in cases where such schemes nonetheless manage to raise deposits illegally.
  • The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the release of an additional instalment of Dearness Allowance (DA) to Central Government employees, and Dearness Relief (DR) to pensioners w.e.f.
  • The Union Cabinet chaired by Prime Minister Narendra Modi has approved the following proposals:   Promulgation of an Ordinance, namely “the Indian Medical Council (Amendment) Second Ordinance, 2019”; and To bring in necessary official amendments in the Indian Medical Council (Amendment) Bill, 2018 pending in Parliament for replacing the said Ordinance.
  • The Union Cabinet chaired by Prime Minister Narendra Modi has given ex-post facto approval to the Memorandum of Understanding (MoU) between India and Morocco on the Reciprocal facilitation of procedures for issue of Business Visa.
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