Cabinet approves Patna Metro Rail project

Cabinet on Wednesday approved the Patna Metro Rail Project.

Briefing reporters in New Delhi, Finance Minister Piyush Goyal said it will boost transport facilities in the capital city of Bihar.

Cabinet has also hiked the Minimum Support Price of Raw Jute by 250 Rs to 3950 Rs per quintal for 2019 -20 season.

Mr. Goyal said, the decision will yield returns of around 56 per cent over the all India weighted average cost of production.

He said, the MSP is expected to ensure



appropriate minimum prices to the farmers and step up investments in jute cultivation.

Cabinet also approved the continuation of Credit Linked Capital Subsidy and Technology Up-gradation Scheme beyond 12th Plan for three years from 2017-18 to 2019-20 with a total outlay of two thousand 900 crore rupees.