The Union cabinet is set to clear a proposal on Thursday to build a common memorial for the nation's tallest leaders. The new memorial — Rashtriya Smriti — has been planned on the eastern bank of the Yamuna, close to the Samadhi complex, which comprises memorials of 12 top Indian leaders, including Mahatma Gandhi at Raj Ghat.
The structure, spread over 12.7 acres, will serve for presidents, vice presidents, prime ministers and any other person decided by the Union cabinet. It will have inscribed plaques honouring the departed leaders and an adjoining area that will serve as a crematorium.
Social fund for PSUs
The cash-strapped UPA government wants to tap its dedicated fund for the social sector scheme to flush money into public sector companies (PSUs), banks and insurance companies. The move comes amid an all-out effort to boost production for improving GDP growth and steering the economy out of the slowdown.In a major shift in its disinvestment policy, the UPA government will allow funds from the National Investment Fund (NIF) — a corpus created out of the proceeds of disinvestment-to buy stakes in PSUs and recapitalise banks. The cabinet committee on economic affairs (CCEA) will discuss the proposal at its meeting on Thursday.
The cabinet is also likely to approve the extension of Phase I of its urban modernisation programme, the Jawaharlal Nehru National Urban Renewal Mission, for another year. The finance ministry has agreed to give Rs. 15,000 crore to the urban development ministry for taking up new projects during 2013-14.