The cabinet meeting was held on Thursday under the leadership of Prime Minister Narendra Modi. Union Minister Anurag Thakur informed about the decisions in the press conference. The Government of India approved the formation of a Central University in the Union Territory of Ladakh.
According to Anurag Thakur, this university will be built with Rs 750 crore. Local youth will get this decision. The areas of Leh, Kargil, Ladakh will come under the university.
With this, the Union Cabinet has decided to form an Infrastructure Corporation in Ladakh, which will decide on trade and other related issues in the local area. Anurag Thakur said that with its establishment, development in Ladakh will be done faster. It has been brought under the Companies Act, the corporation will have a budget of up to Rs 25 crore.
The Union Cabinet has taken an important decision in view of the steel industry. The central government has announced the PLI scheme to reduce the import of steel. This scheme will be more than 6 thousand crore rupees, with the help of this an investment of 40 thousand crore rupees will also come.
Let us tell you that the monsoon session of Parliament is going on at present. So this cabinet meeting has taken place in the middle of the Parliament session. Often the cabinet meeting is held on Wednesday, but due to Eid being a holiday on the previous day, this meeting has been held on Thursday. In the last cabinet meeting, the central government had taken an important decision like increasing DA.