Government has extended OBC creamy layer criteria to PSUs as the Cabinet has approved norms for establishing equivalence of posts in CPSUs, banks and insurance institutions with posts in government for claiming benefit of OBC reservation. <br/><br/>The decision was taken at a Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi yesterday. <br/><br/>Talking to reporters after the meeting, Finance Minister Arun Jaitley said, the move will ensure that the children of those serving in lower categories in PSUs and other institutions can get the benefit of OBC reservation at par with children of people serving in lower categories in government.<br/><br/>Among other decisions, the Cabinet also approved the proposal of the Election Commission to enter into Memorandum of Understanding on cooperation in the field of electoral management and administration with the Election Management Bodies of six countries and two International Agencies. <br/><br/>The MoUs will promote bilateral cooperation, aimed at building technical assistance and capacity support.