Union Government Announced Rs 1500 crore INIP Union Government on 13 June launched an Indian Nuclear Insurance Pool (INIP) of 1,500 crore rupees as per the mandatory provision under the Civil Liability for Nuclear Damage Act (CLND), 2010. This pool will be the 27th such market pool globally. This insurance pool was launched to address the concerns of the clauses in the CLND Act, which give the operator the Right to Recourse and allow it to sue the suppliers in case of any accident. General Insurance Corporation of India (GIC Re) is the fund operator of this Rs. 1,500 crore Indian insurance pool and it includes 11 other non-life insurers as associates of the pool. Union Cabinet Approved Housing For All By 2022 Mission The Union Cabinet on 17 June gave its approval for Housing for All by 2022 Mission aimed at providing housing facilities to all eligible people in urban areas by 2022. It will be implemented as a Centrally Sponsored Scheme and the States and Union Territories (UTs) are given greater autonomy in execution of the mission. Union Cabinet also approved increasing India’s solar power capacity target under the Jawaharlal Nehru National Solar Mission (JNNSM) to 1 Lakh Mega Watt (MW) by 2022. Union Cabinet Approved Bureau of Indian Standards Bill 2015 The Union Cabinet on 17 June gave its approval to introduce Bureau of Indian Standards Bill, 2015 in the Parliament. It will repeal the Bureau of Indian Standards (BIS) Act, 1986.The bill is intended to improve the quality of goods, services and systems in the country. Union Cabinet Approved Six new IIMs In India The Union Cabinet on 24 June 2015 approved setting up of six new Indian Institutes of Management (IIMs) in the country. These new IIMs will be located at Amritsar (Punjab), Bodh Gaya (Bihar), Nagpur (Maharashtra), Sambalpur (Odisha), Sirmaur (Himachal Pradesh) and Vishakhapatnam (Andhra Pradesh). The Union Cabinet also gave its approval to the proposal of the Ministry of Culture for setting up of a National Memorial at Lala Ka Tola, Sitab, Diara, District Chhapra (Saran) in Bihar – the birth place of Lok Nayak Jai Prakash Narayan.