1:21 PM
Today's Paper NEW DELHI,
August 7, 2014
Cabinet nod for changes in FDI, juvenile law
The Union Cabinet on Wednesday approved amendments to
the Juvenile Justice Act and allowed 100 per cent Foreign Direct
Investment (FDI) in Railways apart from raising the FDI cap in Defence
from 26 to 49 per cent. The FDI decisions operationalise proposals made
by the government in the Union and Railway budgets.
The
amendments proposed to the Juvenile Justice Act will allow the Juvenile
Justice Board to decide whether those in the age group of 16 to 18 can
be tried as adults in case of heinous crimes.
A
source emphasised that the government decisions relating to FDI were
aimed at creating domestic manufacturing facilities with a view to
create new jobs.
The Cabinet approved 100 per cent
FDI in high-speed train systems, suburban corridors and dedicated
freight line projects implemented in PPP mode.
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