The policy was expected to be finalised in the current financial year as certain proposals were to be implemented from 1 April 2016.
To curb malpractices in the securities and commodities markets, the watchdog will also boost surveillance mechanism and enhance the supervision of brokers and other intermediaries, Sinha said.
Seeking to revive interest in oil and gas exploration by simplifying rules, the cabinet approved a new fiscal and contractual regime for award of hydrocarbon acreages.
Under 5/20 norm, an Indian carrier is required to have at least five years of domestic operational experience and a minimum of 20 planes to go international.
Pradhan said we have been providing LPG connections to the BPL families on concessional rates from the fund collected through CSR initiatives.
In the last Budget, Jaitley had abolished the wealth tax and replaced it with an additional surcharge of 2 percent on the super-rich with a taxable income of over Rs 1 crore.
The policy also states that no appeals would be filed in sensitive matters or those involving public policy unless approved by the minister.
Senior BJP leader Sushil Kumar Modi, who had made a request to the state government for waiver of the clause, expressed happiness over the cabinet decision.
The development assumes significance in view of the fact that new player AirAsia India has demanded scrapping the 5/20 norm wherein another startup airline Vistara deferred its plans to induct more planes in its fleet, after the government failed to take a decision on the issue last year.
Parrikar also took dig at former defence minister AK Antony saying he will will not keep companies on blacklist to protect "so called image".
Civilians have been asked to avoid wearing "army-pattern" dresses and shopkeepers were asked not to sell combat cloth, army uniforms and equipment as "it is illegal" to do so, an official spokesperson said in Chandigarh.
While it is commendable that companies are increasing maternity benefits to retain women employees; enabling them to return to the workforce is also important.
The 5/20 rule bars a domestic airline from flying overseas unless it has completed five years of domestic operations and has a fleet of 20 aircraft.
The Congress and the Left parties have created an uproar over an initial MoU between India and Singapore which allows that country to nominate an agency for taking the O&M contract for the two Indian airports for a fee.
The subsidy saved from the 'GiveitUp' campaign is being utilised for providing new connections to the BPL families under the 'Giveback' campaign.
In a separate statement, RBI said to encourage innovators in the area of Payment and Settlement System, the central bank has announced 'Payment System Innovation Awards'.
The Reserve Bank of India had first introduced the Banking Ombudsman scheme in 1995 to provide an expeditious and inexpensive forum to bank customers for resolution of their complaints relating to deficiency in banking services.
The Bankruptcy Code will allow no such leniency and excess recourse to courts, making it difficult for promoters to drag the recovery process endlessly, often after looting the company.
The gradual reduction in SLR reduces the risk of large government borrowings crowding out the private sector investments over the long term, analysts said.
The path-breaking budgetary initiatives presented by the state's Finance Minister Haseeb Drabu in his maiden Budget speech in the state legislature in March 2015, pioneered the concept of abolishing the system of plan and non-plan expenditure in the state.