Top Cabinet Proposals: 8 March 2018

• The Union Cabinet was apprised of the Memorandum of Understanding (MoU) on Cooperation in the field of Renewable Energy between India and Hellenic.
• The MoU was signed by the External Affairs Minister Sushma Swaraj and HE Nikos Kotzias, Minister of Foreign Affairs of the Hellenic Republic in November 2017.
• The MoU aims to promote technical bilateral cooperation on new and renewable issues on the basis of mutual benefit equality and reciprocity.
• It calls for establishing a Joint Working Group to review, monitor and discuss matters relation to areas of cooperation.
• The Union Cabinet approved the increment in the Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners to 7 per cent with effect from 1 January 2018.
• The increment represents an increase of 2 per cent over the existing rate of 5 per cent of the Basic Pay pr Pension to compensate for price rise.
• This will benefit about 48.41 lakh Central Government employees and 61.17 lakh pensioners.
• This increase is in accordance with the accepted formula and is based on the recommendations of the 7th Central Pay Commission.
• The Union Cabinet approved two key measures in telecom sector to facilitate investments, consolidation in the sector and enhance ease of doing business.
• These include restructuring the deferred payment liabilities of spectrum auction of telecom service providers and revising the limit of the cap for spectrum holding for telecom service providers.

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