The decision was taken at the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, said an official release.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the MSPs of all rabi (winter-sown) crops for 2017-18. MSP is the rate at which government buys grain from farmers.
The new fund to be managed by the National Dairy Development Board (NDDB) and the National Dairy Development Cooperation (NCDC) will be used to provide loan for building an efficient milk procurement system and other processing infrastructure.
In October last year, the Cabinet Committee on Economic Affairs (CCEA) had given its in-principle approval for strategic disinvestment of profit-making Pawan Hans.
The Cabinet Committee on Economic Affairs (CCEA) had on July 19 granted 'in-principle' approval for strategic sale of the government's existing 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL) to Oil and Natural Gas Corp (ONGC) "along with the transfer of management control, which will result in HPCL becoming a subsidiary company of ONGC".
The Committee chaired by Prime Minister Narendra Modi has approved the construction of a electrified second line between Vanchi-Maniyachchi-Nagercoil via Tirunelveli, Madurai-Vanchi and Maniyachchi-Tuticorin, and Thiruvananthapuram in Kerala and Kanyakumari.
The Department of Investment and Public Asset Management (DIPAM) has invited expression of interest from professional consulting firms and investment/merchant bankers for managing the disinvestment process.
Hindustan Petroleum Corporation Ltd (HPCL) will continue as a public sector undertaking after Oil and Natural Gas Corporation Ltd (ONGC) acquires its stake, the minister said in the Lok Sabha.
At present, sugar is being sold at an average Rs 42-44 per kg in most retail markets in the country. Prices are expected to be under pressure due to domestic shortages. The CCEA -- headed by Prime Minister Narendra Modi -- has approved the Food Ministry's proposal to extend the stock limit on sugar by six months, according to sources.
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 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’.
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.
National Highways Authority of India (NHAI) is likely to miss the target for awarding and execution of road projects by a "wide margin", going by the progress so far, domestic rating agency Icra said today.
The government has approved an over Rs 11,000-crore project to construct all-weather roads and improve connectivity for security reasons in nearly 40 districts worst hit by the Left-wing extremism and violence.
The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, had in March decided to return the fields to its original licensee after contract with Essar could not be concluded even after 20 years.
State-run NHPC Ltd on Thursday said that its offer for sale of 6.28 crore shares to eligible employees will open on November 4, 2016.
The Cabinet Committee on Economic Affairs (CCEA) today approved the Rs 500 crore special horticulture package to Jammu and Kashmir to help apple growers rejuvenate old orchards and start new ones.
"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 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.
We have had a good Q1 and earned a profit of about Rs 32 crore, said Vijay Banka, Wholetime Director & CFO of Dwarikesh Sugar Industries to CNBC-TV18.
The Cabinet Committee on Economic Affairs (CCEA) today approved a new formula to calculate production subsidy to sugar mills for the ongoing 2015-16 season after taking into account lower sugar production and exports.
"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.
The Cabinet Committee on Economic Affairs (CCEA) has approved Neyveli Lignite Corporation's (NLC) proposal to set up a 1,980 megawatt (MW) thermal power plant in Uttar Pradesh (UP), Chairman SK Acharya told CNBC-TV18.
The Cabinet also cleared the stake sale in NBCC, the construction company, wherein the government has 90 percent shareholding as of March 2016.