
Union Cabinet's Economic Decisions: A Comprehensive Analysis
The Union Cabinet approved ?2.88-lakh crore for MSP hikes, Varanasi airport expansion, Vadhavan port, renewable energy, and forensic infrastructure.

Table of Contents
- Agricultural Boost: MSP Hike for Kharif Crops
- Infrastructure Development: Expansion of Varanasi Airport
- Maritime Ambition: New Major Port at Vadhavan
- Renewable Energy Push: Viability Gap Funding for Offshore Wind Projects
- Enhancing Criminal Justice: National Forensic Infrastructure Enhancement Scheme (NFIES)
- Industrial Growth: Production-Linked Incentives
- Broader Economic Context
Union Cabinet FAQs
What is the estimated expenditure approved by the Union Cabinet?
The Union Cabinet approved an estimated expenditure of ?2.88-lakh crore.
What crops are included in the MSP hike?
The MSP hike includes 14 Kharif crops such as paddy, maize, and cotton.
How will the Varanasi airport expansion benefit the region?
The expansion will increase passenger handling capacity and enhance tourism and economic growth.
What is the significance of the new port at Vadhavan?
The Vadhavan port will become one of the top 10 ports globally, boosting trade and economic growth.
How will the Viability Gap Funding (VGF) scheme support renewable energy?
The VGF scheme will fund 1 GW of offshore wind energy projects and upgrade ports for logistics.
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