The Union Cabinet chaired by Prime Minister Narendra Modi approved an interest subvention of 1.5 percent per annum on short-term agriculture loans up to Rs 3 lakh to ensure "adequate credit flow in the agriculture sector".
The Indian Institute of Science (IISc) and the Indian Navy have signed an MoU to collaborate on aviation research and development, and to ramp up self-reliance efforts for the Navy in line with the goals of 'Atmanirbhar Bharat'.