India Clears Major Projects US Long Wanted, A Rapid Round Of Approvals That Could Rattle China – Here’s The Fallout

Central Cabinet Decisions: The Union government unveiled several major decisions on Wednesday, marking one of the most significant Cabinet meetings in recent months. Union Minister Ashwini Vaishnaw briefed the media and confirmed that the Cabinet had approved four major projects worth Rs 19,000 crore. One of the key decisions is a new national plan to boost the manufacturing of rare earth permanent magnets. This is an important step because India has long depended on China for these materials, which are essential for manufacturing electric vehicles, wind turbines, smartphones and advanced medical equipment. For years, China’s hold over the rare earth…