Indian Cabinet

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National Governance & Policy Just now (09:17 PM IST)

Indian Cabinet Approves 1% to 10% Hike in Rabi Crop MSPs, Lifting Wheat Support Price to ₹2,610 a Quintal

The Indian Cabinet has approved an increase of 1% to 10% in the minimum support prices for rabi crops for the 2026-27 marketing season, with wheat now set at ₹2,610 per quintal, up from ₹2,585. The move is aimed at supporting farm incomes ahead of the winter sowing cycle, while also balancing inflationary pressures and the government’s food procurement bill.

By RDU Global Wire5 min read

India Entertainment & Culture25 Oct 2026, 08:00 PM IST

Street Fighter Review: A Crude, Hyperactive Brawl With Cult-Classic Potential

The new Street Fighter film is a shamelessly overstuffed spectacle of muscle, innuendo and arcade-era nostalgia, built on thin plotting but powered by relentless momentum. It is too absurd to be taken seriously and too entertaining to be dismissed, making a surprisingly strong case for future cult status.

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Banking, Fintech & Insurance23 Oct 2026, 02:00 PM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Fairfax-Linked Exit Plan

The Indian government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation of India will hold 19%, marking a significant step in the lender’s long-running strategic disinvestment process. Both shareholders will withdraw their nominees from the bank’s board and transition into public shareholders, with the Cabinet Committee on Economic Affairs empowering the Alternative Mechanism to approve minority stake sales.

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Banking, Fintech & Insurance20 Oct 2026, 02:00 PM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Fairfax-Backed Exit Plan

The Indian government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation of India will hold 19%, marking a significant step in the lender’s long-running privatisation process. Both shareholders will withdraw their nominees from the bank’s board and transition into public shareholders, while the Cabinet Committee on Economic Affairs has empowered the Alternative Mechanism to oversee minority stake sales.

5 min readRead →

Banking, Fintech & Insurance17 Oct 2026, 05:00 PM IST

Cabinet Clears Fairfax’s Rs 52,878 Crore Bid for 60.72% Stake in IDBI Bank

The Union Cabinet has cleared the long-awaited sale of a 60.72% stake in IDBI Bank to Fairfax Financial Holdings for Rs 52,878 crore, marking a major step in India’s banking-sector divestment programme. The transaction is expected to advance the government’s disinvestment agenda while reinforcing the lender’s turnaround after a sustained improvement in asset quality.

6 min readRead →

Banking, Fintech & Insurance15 Oct 2026, 02:40 AM IST

Cabinet Clears Rs 52,878 Crore IDBI Bank Sale to Fairfax Arm in Landmark Financial FDI

India’s Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to an arm of Fairfax Group, marking what Union Minister Ashwini Vaishnaw described as the country’s largest financial-sector foreign direct investment. The government and Life Insurance Corporation of India will together retain a 34% stake in the restructured bank, underscoring a calibrated exit that preserves a significant public-sector footprint while transferring control to a private investor.

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National Governance & Policy14 Oct 2026, 11:18 PM IST

Cabinet Approves 78-Day Bonus for 11.4 Lakh Railway Employees as Freight, Passenger Traffic Hit Records

The Union Cabinet has approved a productivity-linked bonus equivalent to 78 days’ wages for 11.4 lakh railway employees, recognising their role in a year of record freight loading and passenger traffic. The annual payout underscores the government’s effort to reward operational performance while reinforcing the railways’ central role in India’s logistics and mobility network.

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National Governance & Policy14 Oct 2026, 01:05 PM IST

L. Murugan Resigns from Union Ministry and Rajya Sabha, Fueling Talk of a Pre-Deepavali Cabinet Reset

Union Minister L. Murugan has resigned from the Union Council of Ministers and stepped down from the Rajya Sabha, intensifying speculation that the government is preparing a pre-Deepavali reshuffle or reset. His exit comes amid a series of recent ministerial term completions and vacancies that have already altered the composition of the Council of Ministers.

6 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Indian Cabinet:

Rahul Gandhi(1)New Delhi(1)Narendra Modi(1)India(1)Congress Party(1)