Reforms engine gathers steam: Cabinet clears key Bills

ADDITIONALLY, THE BILL aims to relax current restrictions on the repatriation of dividends and key management personnel for foreign-owned firms, thereby boosting ease of doing business.

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However, at least one among the chairman, managing director and the CEO must be an Indian citizen.The Cabinet also approved the Atomic Energy Bill, 2025, or the Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Bill, allowing private participants in the nuclear power sector.

The move comes amid the country’s plan to add 100 gigawatt of nuclear capacity by 2047.

Further, the Cabinet approved a policy for auction of coal for “any industrial use” and exports. This will allow allocation of coal linkages on auction basis on long-term for any industrial use and exports.

In the Union Budget 2025-26, the government announced plans to increase private sector participation in setting up nuclear capacities by amending the Atomic Energy Act and the Civil Liability for Nuclear Damage Act.

For this purpose, the government had announced the setting up of a Nuclear Energy Mission for the research and development of small modular reactors (SMR) with an outlay of ₹20,000 crore. The government has targeted at least 5 indigenously developed SMRs that will be operationalised by 2033.