Cabinet to discuss plate full of issues in evening meet

At a time when the government is trying its best to restore the confidence in the economy by taking a proactive stance on policy matters all eyes are on the Cabinet meeting that will take place later this evening, reports CNBC-TV18.

The Cabinet is expected to deal with a heavy duty agenda, the Cabinet will discuss the 21% import duty on power equipment proposed by the government. If the proposal goes through, the duty will be applicable on all project imports. With effect from the date of the Cabinet's nod. The Cabinet is also expected to take up the issue of demerger of VSNL surplus land. The surplus land was proposed to be demerged into an SPV. 

Where the government holds 51.12% equity in the SPV. Apart from that, the Cabinet is expected to discuss the extension of the MB Shah Commission and also amendments to the forward contracts Regulation Amendment Bill 2010.