The Cabinet today approved implementation of National Hydrology Project, NHP and National Water Informatics Centre. It will cost around 3 thousand 6 hundred 80 crore rupees. Briefing reporters in New Delhi, Union Minister Ravi Shankar Prasad said, implementation of NHP will ensure improvement in Data storage, exchange, analysis through National Water Informatics Centre and it will increase lead time in flood forecast from one day to at least three days.<br/><br/>Mr Prasad said, it will also facilitate mapping of flood inundation areas for use by disaster management authorities. It will also help improve Reservoir operations through seasonal yield forecast and drought management. <br/><br/>The Cabinet also gave its nod for changes in policy, for liberalisation of administratively allotted spectrum, where market determined prices not available. <br/><br/>The decision will facilitate optimal utilisation of spectrum by introducing new technologies, sharing and trading. The most recent recommended reserve price will be taken as provisional price where auction determined price not available. <br/><br/>Based on recommendations of Telecom Regulatory Authority of India, a sum of 1300 crore rupees is likely to be accrued by this process.<br/><br/>Cabinet also gave its approval to replace the existing policy on crude oil import by Oil PSUs and vest the oil PSUs with the power to evolve their own policies. It will provide a more efficient, flexible and dynamic policy for crude procurement, eventually benefiting the consumers. This measure will increase the operational and commercial flexibility of the oil companies and enable them to adopt the most effective procurement practices for import of crude oil.<br/><br/>Cabinet also cleared raising framework agreement to 3 thousand crore rupees from 900 crore rupees between Exim Bank and Iranian banks for goods and services from India. <br/><br/>The Cabinet also approved Andaman and Nicobar Islands Anatomy Regulation, 2016 for procedures for availability of unclaimed bodies to Medical College. Cabinet also gave ex-post facto approval to MoU signed last month with Sweden on Technical Cooperation in Railway Sector.