New Delhi, Feb 23 (ANI): The Union Cabinet on Monday gave its approval to the establishment of National Institute of Biomedical Genomics (NIBMG) at Kalyani in West Bengal as an autonomous institution under the aegis of Department of Biotechnology, Ministry of Science and Technology with the budgetary provision of Rs. 210 crores.
The Institute has emphasis towards enhancement of knowledge on human health and disease through genomics.
The Union Cabinet also gave its approval to the proposal to the National Aviation Company of India Limited (NACIL) for setting up of a Joint Venture Company with Singapore air Terminal Services (SATS) for undertaking Ground Handling/Cargo Handling activities at various airports in India.
NACIL and SATS would hold 50:50 equity ratio in the Joint Venture Company.
The JVC would be managed by the Board of Directors consisting of representatives from NACIL and SATS in equal proportion.
The Chairman of the Board and CEO of JVC would alternate between NACIL and SATS for a fixed tenure.
All profits and losses of the business would be shared by NACIL and SATS in the ratio of the equity structure.
The Cabinet approved the National Policy on Skill Development proposed by the Ministry of Labour and Employment.
The objective is to create a workforce empowered with improved skills, knowledge and internationally recognized qualifications to gain access to decent employment and ensure India's competitiveness in the dynamic Global Labour market.
It aims at increase in productivity of workforce both in the organized and the unorganized sectors, seeking increased participation of youth, women, disabled and other disadvantaged sections.
The Cabinet has also given its approval to the proposal of Ministry of Home Affairs for a package of Central Assistance of Rs. 821.88 crore in respect of Tsunami-affected areas of Andaman and Nicobar Islands under "Rajiv Gandhi Rehabilitation Package".
Out of the above amount, an assistance of Rs. 15.01 crore was approved for Fisheries Sector.
Apart from these approvals, achievements of the Special Recruitment Drive launched to fill up the backlog reserved vacancies of the Scheduled Castes and Scheduled Tribes also came into focus.
The Union Cabinet on Monday decided to impose restrictions in respect of sugar for a period of four months by keeping in abeyance some provisions of the Central Order dated February 15, 2002 and February 28, 2009 as also to impose stock holding limits and turn over limits on sugar.
This is expected to help in the efforts being taken to tackle the problem of rising prices and improve the availability of sugar.
The Cabinet on Monday approved a proposal from Department of Scientific and Industrial Research (DSIR) on "Encouraging development and commercialization of inventions and innovations; a new impetus" comprising a package of measures viz. (ANI)