Cabinet Committee On Economic Affairs

This decision aims to support the agricultural sector by enhancing FCI’s operational and financial strength, reflecting the government's commitment to empowering farmers and reinforcing India’s agrarian economy.

Cabinet gives nod to Rs 18,000-crore Manmad-Indore railway line

The much-awaited greenfield project has been expedited by the Network Planning Group working under the PM Gati Shakti National Master Plan

2 new lines as CCEA approves Rs 6,456-crore worth of rail projects

The three projects, including a multi-tracking plan, will span across seven districts of Odisha, Jharkhand, West Bengal, and Chhattisgarh and add another 300km to the rail network

Cabinet approves Rs 51,875 crore subsidy for P&K fertilisers for rabi season

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi approved nutrient-based subsidy (NBS) rates for P&K fertilisers for 2022-23 rabi season, an official statement said.

Sale of government’s entire stake in Hindustan Zinc Ltd cleared by Cabinet: Sources

Proposal to close Bharat Gold Mines Ltd, which owns the famed Kolar Gold Fields in Karnataka, also approved.

Cabinet okays Rs 17,409 crore to CCI for cotton procurement in 7 seasons to 2020-21

In order to safeguard the interests of the cotton farmers, the government said the CCI procured cotton in large quantity during 2014-15 to 2020-21 as cotton prices touched the MSP prices.

Cabinet okays Rs 28,655 crore subsidy on P&K fertilisers for rabi season to benefit farmers

The Centre is supporting farmers and the agricultural sector by continuing the present subsidy levels and giving special packages of additional subsidies for DAP and three mostly consumed NPK grades.

Cabinet hikes sugarcane price by Rs 5 per quintal

The Centre, in August 2020, increased the fair & remunerative price by Rs 10, bringing the amount to Rs 285 per quintal. The government had fixed Sugarcane FRP at Rs 275 per quintal for the 2019-2020 marketing year.

CCEA clears realignment of Department of Animal Husbandry & Dairying schemes

"CCEA approves revising and realigning various components of Department of Animal Husbandry and Dairying schemes and special livestock package for leveraging investment of Rs 54,618 crore," according to an official tweet.

CCEA approves asset monetisation by PGCIL, to garner Rs 7,000 crore in first lot sale

According to the statement, this is the first time any PSU in the power sector will undertake asset recycling by monetising its assets through the InvIT model and using the proceeds to fund the new and under-construction capital projects.

Higher cotton MSP bodes well for increase in acreage; unfavourable for spinners: ICRA

"This move will benefit the farmers for the ongoing kharif season, from October onwards. It is a positive development for them and is likely to encourage cotton sowing, despite a fall in cotton prices witnessed in the recent months," ICRA Ratings Senior VP and Group Head Jayanta Roy said in the report.

MSMEs to be classified based on new criteria from July 

As per the revised criteria, a unit with Rs 50 crore of investment and Rs 250 crore of turnover will fall under the 'medium' enterprise category.

Cabinet approves new railway line between Bahraich and Khalilabad in Uttar Pradesh

"The new line serves five districts of Uttar Pradesh including four aspirational districts -- Bahraich, Balrampur, Shravasti and Siddharth Nagar and Sant Kabirnagar," the ministry said in a statement.

Cabinet approves Rs 25 cr to agro-eco research centres, units

The government today approved grants-in-aid of Rs 25 crore to agro-economic research centres and units beyond 2016-17.

Govt to amend mega power policy to push 31GW stranded projects

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.

Govt makes change in urea policy to enable units produce more

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.

CCEA to discuss mega power policy changes to help Rs 1.5 lakh crore worth assets to avert NPA tag

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’.

'NITI preparing cabinet note for closure of 7 more sick CPSEs'

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.

Govt allows pricing, marketing freedom to CBM gas cos

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.

Government approves Rs 4,500-crores to revive 50 airports, airstrips

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 &#82

Get material on FIPB clearance to Aircel-Maxis: SC to Swamy

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.

Govt to hold auction to identify buyers for 3 SAIL units

SAIL, the state-owned steel giant, today said the government has in-principle approved strategic disinvestment of Bhadrawati, Salem and Durgapur (alloy steel plants).

Budget to be presented on February 1, says MoS Arjun Ram Meghwal

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.