Union Cabinet Approvals (24 February 2026)

Union Cabinet Approvals (24 February 2026)

Why in News?
The Union Cabinet approved several major infrastructure, transport, and energy projects to boost economic growth and connectivity. 

Key Points

• POWERGRID

  • Equity investment limit per subsidiary increased:

    • ₹5,000 crore → ₹7,500 crore

  • 15% net worth cap remains unchanged.

• Metro Expansion

  • GIFT City → Shahpur

  • Length: 3.33 km

  • Stations: 3 Elevated

  • Cost: ₹1,067.35 crore

• Srinagar Civil Enclave

  • Location: Srinagar International Airport

  • Cost: ₹1,677 crore

• Railway Multitracking

  • Total Cost: ₹9,072 crore

  • Projects:

    • Gondia–Jabalpur Doubling

    • Punarakh–Kiul 3rd & 4th Line

    • Gamharia–Chandil 3rd & 4th Line

UPSC Prelims Facts

• POWERGRID is a Maharatna CPSE.

• Cabinet Committee on Economic Affairs (CCEA) approves major economic projects.

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