The government today approved grants-in-aid of Rs 25 crore to agro-economic research centres and units beyond 2016-17.
The Cabinet Committee on Economic Affairs (CCEA) today approved amendments in the Mega Power Policy to push 31 GW stranded projects entailing an investment of Rs 1.5 lakh crore.
The government today approved amendments in the urea policy 2015, enabling manufacturers to produce additional quantity as part of its objective to boost domestic output of this key nutrient.
The Cabinet Committee on Economic Affairs (CCEA) is on Wednesday likely to take up amendments to the mega power policy that, if approved, will help projects worth over 30,000 MW thermal capacity avail the benefits of ‘mega status’.
Government think-tank NITI Aayog is preparing a fresh cabinet note recommending closure of 7 more sick CPSEs as part of an exercise to tackle mounting losses incurred by these entities.
The Cabinet today approved pricing and marketing freedom to producers of natural gas from coal seams (CBM) and also allowed them to sell the fuel to affiliates.
The cabinet, on March 6, 2017, approved a proposal to revive 50 unserved and under-served airports as well as airstrips, at an estimated cost of Rs 4,500 crores. With the plan, the government is R
Supreme Court today asked BJP leader Subramanian Swamy to bring "concrete material" to support his allegations of illegality committed by then Finance Minister P Chidambaram in granting FIPB clearance to Aircel-Maxis deal in 2006.
SAIL, the state-owned steel giant, today said the government has in-principle approved strategic disinvestment of Bhadrawati, Salem and Durgapur (alloy steel plants).
The minister said that it was also necessary to present the Budget early as the implementation date of the Goods and Services Tax (GST) has been fixed at April 1, 2017.
The price of ethanol will be determined on the basis of prevalent price of sugar in the open market as also demand- supply situation, Oil Minister Dharmendra Pradhan said.
"The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the construction of a new link between Sahibganj bypass in Jharkhand to Manihari bypass in Bihar, including a four-lane bridge on river Ganga," an official statement said.
The move follows the government's move to authorise NHAI to monetise the public funded highway projects in August.
The decision was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi.
The implementation strategy for the project will be to ensure readiness of CBEC's IT framework by April, 1, 2017, when GST is to be introduced, an official statement read.
"The recent initiatives put forth by the NITI Aayog and approved by the Cabinet Committee on Economic Affairs (CCEA) for revival of the construction sector are a key positive for the stressed construction sector," Icra Vice President Shubham Jain said.
"The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi, has given its approval for Redevelopment of Berths 8, 9 and Barge Berths at the Port of Mormugao, Goa on PPP mode at an estimated cost of Rs 1,145.36 crore," Ministry of Shipping said in a statement.
Giving a big push to the infrastructure sector in the country, the Cabinet Committee on Economic Affairs, today approved nine projects worth about Rs 24,000 crore in nine states for expansion of railway network and connectivity across the country.
"The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval for development of 1,120 km of National Highways in the states of Karnataka, Odisha, Bihar, Rajasthan and West Bengal," a statement from Ministry of Road Transport and Highways said.
"The Cabinet Committee on Economic Affairs has authorised National Highways Authority of India to monetize the public funded highway projects which could result in funds in the range of Rs 80,000 to Rs 1 lakh crore initially," Road Transport and Highways Minister Nitin Gadkari told PTI.
"The CCEA meeting is scheduled for tomorrow. The Food Ministry's proposal 'Review of scheme to provide production subsidy to sugar mills' is on the agenda," a source said.
Inter-ministerial body FIPB will consider 12 foreign investment proposals, including that of Financial Times, Reckitt Benckiser India, HSBC Securities and Capital Markets, on August 2.
The power project will be implemented at an estimated cost of Rs 17,237.8 crore, including interest during construction component of Rs 3,202.42 crore.