<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="font-size: 12.8px;">Cabinet today approved the proposal for constitution of Mahanadi Water Disputes Tribunal on request from Odisha. The tribunal shall determine water sharing among basin states on the basis of overall availability of water in the Mahanadi basin, the contribution of each state, present utilisation of water resources in each state and potential for future development. It is expected that the long pending dispute between Odisha and Chhattisgarh on Mahanadi river will come to a final settlement.&nbsp;</span></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">In a major policy initiative to protect the savings of the investors, the Cabinet has given its approval to introduce two bills in Parliament. The Banning of Unregulated Deposit Schemes Bill, 2018 is aimed at tackling the menace of illicit deposit-taking activities in the country. Companies and institutions running such schemes exploit existing regulatory gaps and lack of strict administrative measures to dupe poor and gullible people of their hard-earned savings. The Chit Funds (Amendment) Bill, 2018 has been approved in order to facilitate the orderly growth of the Chit Funds sector and remove bottlenecks being faced by the Chit Funds industry.</div>