Union Cabinet has cleared proposal for Presidential reference for removal of Justice A K Ganguly as head of West Bengal Human Rights Commission. A decision in this regard was taken at the cabinet meeting chaired by the Prime Minister Dr. Manmohan Singh in New Delhi this evening.

Briefing reporters after the meeting, Finance Minister P Chidambaram said that a proposal of Home ministry in this regard was approved.

The move came in the wake of allegation of sexual harassment of a law intern by Justice Ganguly. Now it will be sent to President Pranab Mukherjee for approval.

The Union Cabinet also approved the Policy Guidelines for Land Management by Major Ports, 2014. Land Policy is one of the most significant policy frameworks guiding the overall functioning and development of the port sector.

These guidelines aim at optimum utilization of the value of land reserves by linking it with prevailing market rates available with major ports of the country.

The Cabinet also gave its nod for conversion of Perpetual Non-Cumulative Preference Shares held by Government in Indian Bank, UCO Bank and Vijaya Bank.

The shares in Indian bank amounting to 400 crore, UCO bank to 1,823 crore and Vijaya Bank 1,200 crore. It will also provide impetus to the economy by including the under-banked rural and semi-urban areas.