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Union Cabinet to meet, pricing of excess spectrum likely to be approved

CNN-IBN
Oct 18, 2012 at 11:34am IST

New Delhi: The Union Cabinet will be meeting on Thursday and the pricing of excess spectrum is likely to be approved. The AG could be asked to come to Cabinet. Also on agenda are measures to control the spread of Japanese Encephalitis in UP and Bihar, the 78-day productivity linked bonus for railway employees and the Rajiv Gandhi pension scheme.

The Cabinet is likely to consider a Rs 4,000-crore multi-pronged plan to tackle Japanese Encephalitis and Acute Encephalitis Syndrome which have so far claimed almost 1,000 lives in the country in 2012. This is the second time the issue is being taken up for consideration after the Union Cabinet deferred considering the proposal to tackle Japanese Encephalitis and Acute Encephalitis Syndrome in its meeting last week due to the absence of Finance Minister P Chidambaram. Sources say the Cabinet is likely to take up the recommendations made by the Group of Ministers (GoM) for evolving a multi-pronged strategy to tackle the virus.

The Union Cabinet is likely to approve constitution of the 14th Finance Commission on Thursday to suggest formula for devaluation of tax proceeds between Centre and states. The item concerning constitution of the 14th Finance Commission is on the agenda of the Cabinet meeting scheduled for Thursday, sources said.

Union Cabinet to meet today

Also on agenda are measures to control the spread of Japanese Encephalitis in UP and Bihar and the Rajiv Gandhi pension scheme.

Former Reserve Bank Governor YV Reddy is tipped to be the the chairman of the Finance Commission, a Constitutional body which is set up every five years. Besides other things, the Commission lays down principles governing the grants-in-aid to states and other local bodies for five-year period beginning April 1, 2015. The 13th Finance Commission was headed by former Finance Secretary Vijay Kelkar. Its recommendations will remain valid till March 2015.

With Additional Inputs from PTI

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