The Union Cabinet relaxed FDI rule for foreign single-brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Commerce and Industry Minister Piyush Goyal 100 percent foreign direct investment (FDI) under automatic route in coal mining and associated infrastructure approved.


The main aim is to boost domestic manufacturing, 100 percent FDI in contract manufacturing under automatic route has been allowed. The cabinet has expanded the definition of mandatory 30 per cent domestic sourcing norm. The establishment of new medical colleges will add at least 15,700 MBBS seats in the country.


The new medical colleges would be set up in under-served areas having no medical colleges, with district hospitals having at least 200 beds. The CCEA also approved a Rs 6,268 crore subsidy for export of 6 million tonnes of sugar during 2019-20 marketing year in order to liquidate surplus domestic stock and help mills in clearing huge sugarcane arrears to farmers.


This will benefit millions of farmers in Uttar Pradesh, Maharashtra, and Karnataka as well as other states. The government is providing subsidy for the export of 5 million tonnes of sugar for the current 2018-19 marketing year.


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