The Cabinet approved amendment to the Forward Contract Regulation Amendment Bill. The amendment will give autonomy and power to regulate the market effectively. It also approved the Companies Bill 2011 and amendment to the Wild Life Protection Act 1952 and Competition Act. Mr. Chidambaram said Government also approved continuation of ban on export of edible oils and scheme for supply of imported pulses at subsidised rates to states and union territories for BPL card users.

The Cabinet has also declared five airports as International including Lucknow, Varanasi, Tiruchirapalli, Mangalore and Coimbatore. It also approved the Constitution of the 20th Law Commission for a period of three years. The Cabinet also revised rates of risk allowance and hospital and patient care allowance to about two lakh Central Government employees by doubling the existing rate with effect from September, 2008.

The Cabinet also approved the ratification of the NAGOYA protocol on access and benefit sharing by India. India signed the Nagoya protocol on 11th May, 2011.