The Cabinet Committee on Security (CCS) has approved a 1,200 crore rupee proposal for procuring 10,000 anti-tank guided missiles for the Army from Russia.

The CCS cleared the proposal to acquire Russian-origin 10,000 Konkurs-M anti-tank guided missiles for the Mechanised Infantry and Infantry battalions of the Army.

The Konkurs-M are part of the weapon systems being procured by the force to augment the anti-tank arsenal in the Army.

The Union Cabinet has approved a National Policy aimed at transforming India into a leading manufacturing hub of electronic system and design and manufacturing (ESDM) sector.

The policy envisages creation of an environment for electronics and manufacturing of indigenously designed and manufactured chips in the country with a focus on cyber security.

The Cabinet Committee on Economic Affairs (CCEA) also approved the disinvestment of 10 per cent stake of the paid up equity capital in the National Mineral Development Corporation (NMDC).

The government presently holds 90 per cent of the shares in the Corporation.