The Union Cabinet on Wednesday approved a proposal to set up a major port at Vadhavan near Dahanu in Maharashtra with a total cost of ₹65,545 crore, including about ₹14,500 crore of GST. This is part of the government’s plan to develop infrastructure projects at a cost of ₹100-lakh crore over the next five years.
The Cabinet also approved bringing amendments in the Banking Regulation Act to put certain co-operative banks under the regulatory ambit of the Reserve Bank of India.
Trust for Ram temple
The Union Cabinet also gave its nod for setting up ‘Shri Ram Janma Bhoomi Tirtha Kshetra’ trust to oversee the construction of a Ram temple in Ayodhya as ordered by the Supreme Court. Prime Minister Narendra Modi informed Parliament that the Trust will be free to take all decisions regarding the construction of the temple.
Speaking to reporters — at a post-Cabinet briefing — on plans for the Vadhavan port, Shipping Minister Mansukh L Mandaviya said, “This will be a deep draft port of 20 metres depth that can handle bigger ships.”
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