The railways will raise Rs 35,000 cr with World Market assistance to create a separate fund for investment in rail sector.
The govt has decided to use 1.75 lakh CSCs and post offices in a big way to encourage more non-loanee farmers to take up crop insurance schemes.
India approved a policy to boost local defence manufacturing by picking industry champions that would tie up with foreign players to make submarines, fighter jets.
The govt approved allocation of 2.5% of the Central Road Fund for National Waterways that would result in about Rs 2,000 cr proceeds per annum for their development.
The move would facilitate local manufacturing and boost domestic demand for locally manufactured products, the commerce ministry said.
FIPB will be replaced by a new mechanism under which the proposals will be approved by the ministries concerned.
Under the "Strategic Partnership" model, the govt will shortlist and then pick Indian cos to join forces with foreign firms.
India and Japan will join hands to set up a USD 250 million LNG import terminal in Sri Lanka.
"These homes will not only be cost-effective but quick to construct," Birender Singh said.