Recruitment of 10 lakh people to be undertaken by the Government in mission mode in next 1.5 years: PM

The Prime Minister, Shri Narendra Modi has reviewed the status of Human Resources in all departments and ministries. He also instructed that recruitment of 10 lakh people be done by the Government in mission mode in next 1.5 years.

The Prime Minister Office tweeted;

"PM @narendramodi reviewed the status of Human Resources in all departments and ministries and instructed that recruitment of 10 lakh people be done by the Government in mission mode in next 1.5 years."

Cabinet approves grant of moratorium to Cochin Port Authority on repayment of GoI loans for a period of three years

The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved a moratorium of three years (2020-21, 2021-22 & 2022-23) to Cochin Port Authority (CoPA) towards repayment of the balance outstanding Government of India (GoI) loans amounting to Rs. 446.83 crore to tide over the financial crisis due to COVID-19 pandemic.

Why is it in news?

The amount was to be repaid in 10 installments commencing from 2018-19.  However, Cochin Port Authority could pay the instalments of 2018-19 and 2019-20 only.  From 2020-21, the traffic was badly impacted due to Covid-19 pandemic which adversely impacted the cash inflow.  As a result, Cochin Port could not pay the instalments of 2020-21 and 2021-22.

Highlights

Cochin Port has been brought under the Major Port Authorities Act, 2021 with effect from November 2021.  The Cabinet Committee on Economic Affairs (CCEA) on 24.08.2016 had approved the proposal for waiver of Penal interest on Government of India Loans taken by Cochin Port for various infrastructural developmental activities during 1936-37 to 1994-95.