Key Points
New Delhi: The National Democratic Alliance (NDA) government has hit the ground running by announcing infrastructure projects and farmer support in its second Cabinet meeting since taking charge earlier this month..
The Cabinet on Wednesday approved two infrastructure projectsa 76,220 crore port in Maharashtra that will boost cross-border trade and a 2,869.65 crore expansion of the airport at VaranasiPrime Minister Narendra Modi's parliamentary constituency..
It also decided to increase the minimum support price for kharif crops and approved funds for a forensic university, Information and Broadcasting minister Ashwini Vaishnaw told reporters after the meeting..
In a major move to boost renewable energy capacity addition, the cabinet approved a viability gap funding (VGF) scheme for offshore wind energy projects with an outlay of 7,453 crore, including an outlay of 6,853 crore for installation and commissioning of 1 GW of offshore wind energy projects (500 MW each off the coast of Gujarat and Tamil Nadu), and grant of 600 crore for upgradation of two ports to meet logistics requirements for offshore wind energy projects..
The VGF support from the government will reduce the cost of power from offshore wind projects and make them viable for purchase by discoms..
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