The government has approved a proposal to mobilise external funds to the tune of 3,315 crore rupees for execution of programmes between 2012 and 2016 seeking to universalise secondary education. The mobilisation of the funds for the Rashtriya Madhyamik Siksha Abhiyan programme was approved by the Cabinet Committee on Economic Affairs, CCEA which met in New Delhi last evening. The additional financing from the external agencies will bridge the requirement of additional funds and will help in bringing international technical expertise to the programme.

The CCEA has also approved a new centrally sponsored Scheme titled, 'National Mission on Food Processing, NMFP. It has also approved award of five more oil and gas blocks that were offered in the ninth round of bidding under New Exploration Licensing Policy, NELP.

The Union Cabinet has approved the revised equity structure of Delhi Mumbai Industrial Corridor Development Corporation. Now the Share of Government of India will be 49% or less, share of Government owned Financial Institution of Japan, the Japan Bank for International Cooperation will be 26%, and share of Financial Institutions owned by the Government of India will be 25% or more. No financial implications will be involved after the revised equity structure on the part of Government of India.

The Cabinet also approved the proposal to exercise the option by the Government to convert 400 crore rupees and 523 crore rupees Optionally Convertible Debentures (OCDs) held by it in Industrial Finance Corporation of India- IFCI into equity at par. The government also approved the transfer of 111 hectares of Jawaharlal Nehru Port Trust – JNPT land to Government of Maharashtra for allotment to Project Affected Persons (PAPs)of JNPT.
The government has also approved 10 proposals of Foreign Direct Invesment – FDI amounting to over 1,250 crore rupees. According to an official release, the decison to this effect was taken on the basis of the Foreign Investment Promotion Board, FIPB. The proposals which have been cleared include entertainment major Walt Disney's FDI proposal of 1,000 crore rupees to expand its operations in India. Of the 16 proposals on which FIPB deferred its decision, half of them were related to pharmaceuticals and medical sector. The release also said that four proposals were also rejected by the FIPB