PM Modi's Cabinet Approves Key Schemes on Oct 24, 2024.

National

The Union Cabinet chaired by Prime Minister (PM) Narendra Modi approved various schemes and projects on October 24, 2024. The approvals are as follows:


      - Establishment of ₹1,000 crore Venture Capital Fund for the Space Sector under the aegis of IN-SPACE.

      - Two Railway projects worth ₹6,798 crore to be completed in 5 years.

      - New Amaravati Railway line connectivity with an expenditure of ₹2,245 crore.

Main Points:-   (i) A 3.2-km-long railway bridge will be constructed on the Krishna River to develop the railway line.

      (ii) It will offer direct connectivity with Hyderabad, Chennai, Kolkata, and Nagpur, while also connecting Nagpur to Delhi and Hyderabad to Mumbai.

(iii) The new rail line project, Errupalem-Amaravati-Namburu, will pass through NTR Vijayawada and Guntur districts in Andhra Pradesh and Khammam district in Telangana, serving as a parallel route to the existing Howrah-Chennai line.

          ____________________________