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Cabinet approves rare earth permanent magnet scheme; Rs 9,857.85 crore Pune metro expansion gets cabinet nod

The Union Cabinet approved a Rs 7,280 crore rare earth permanent magnet scheme to boost defence, electronics, and EV manufacturing, aiming for India to become a leading producer. Additionally, two railway multi-tracking projects and the expansion of the Pune metro, costing Rs 9,857.85 crore, received approval.