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Cabinet approves listing of seven government-owned companies

The Centre also approved a hike in MSP for Copra, the Coastal Regulation Zone Notification 2018 and setting up of National Commission for Homeopathy.

December 28, 2018 / 04:20 PM IST
New Delhi: Union Law and Justice Minister Ravi Shankar Prasad addresses the inaugural function of Constitution Day Celebrations in New Delhi on Monday, Nov 26, 2018. (PTI Photo/Kamal Singh)(PTI11_26_2018_000052B)

New Delhi: Union Law and Justice Minister Ravi Shankar Prasad addresses the inaugural function of Constitution Day Celebrations in New Delhi on Monday, Nov 26, 2018. (PTI Photo/Kamal Singh)(PTI11_26_2018_000052B)

The Cabinet Committee on Economic Affairs (CCEA) approved the plan to list seven public sector companies on the stock exchanges through Initial Public Offering (IPO) or Further Public Offer (FPO).

These seven companies are Telecommunication Consultants (India) Pvt Ltd, Railtel Corporation India, National Seed Corporation India, Tehri Hydro Development Corporation, Water & Power Consultancy Services (India), FCI Aravali Gypsum and Minerals (India) and Kudremukh Iron Ore Company.

The Cabinet also gave its nod for a hike in minimum support price (MSP) for Copra by more than Rs 2000 per quintal for the 2019 season. The MSP of Milling Copra will be Rs 9521 per quintal and that of Ball Copra will be Rs 9920 per quintal.

IT Minister Ravi Shankar Prasad also said while briefing the media that the Cabinet approved Coastal Regulation Zone (CRZ) Notification 2018. This notification will lead to enhanced activities in the coastal regions and will promote economic growth while also respecting the conservation principles of coastal regions, the government said.

The Centre also greenlighted the National Commission for Homeopathy (NCH) Bill, 2018 which seeks to replace the existing regulator Central Council for Homeopathy with a new body to ensure transparency.
Moneycontrol News
first published: Dec 28, 2018 04:20 pm

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