Cabinet Approval

Cabinet Approves Rs 30,000 Crore Compensation for Oil Marketing Companies

Official Press

Official Press

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The Union Cabinet, led by Prime Minister Narendra Modi, has approved a compensation of Rs 30,000 crore to three Public Sector Oil Marketing Companies (IOCL, BPCL, HPCL) for losses incurred from selling domestic LPG at regulated prices. This decision aims to support the companies amidst high international LPG prices and ensure the continued supply of affordable LPG to consumers. The compensation will be distributed in twelve tranches and underscores the government's commitment to protect consumers and maintain the financial health of these companies.

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link