Cabinet Committee

The announcement comes a few months ahead of state assembly elections in Bihar

CCEA nod to 7 multi-tracking projects of Indian Railways

The projects covering 35 districts in nine states — Uttar Pradesh, Bihar, Telangana, Andhra Pradesh, Maharashtra, Gujarat, Odisha, Jharkhand and West Bengal — will increase the existing network of Indian Railways by 2,339 km.

PM Modi chairs CCS meeting

The meeting is understood to have discussed various options related to the Line of Control (LoC) in the wake of the Uri attack.

Cabinet Committee on Security may discuss Uri attack today

Sources said the Cabinet Committee will meet today morning ahead of the meeting of the Union Cabinet. The issue of terror strike on an army camp in Uri which led to the death of 18 soldiers will figure in the meeting.

'Govt's construction sector initiatives to release Rs 39k cr'

Steps taken by the government to revive the construction sector will likely release Rs 39,366 crore to contractors and concessionaires, the NITI Aayog said today.

CCPA to meet tomorrow to decide Monsoon session dates

The session comes at a time when the ruling BJP's morale is high after its maiden victory in Assam Assembly polls and its performance in Kerala and West Bengal elections.

Maha govt gives in-principle nod to 8 infra projects

The Committee meeting chaired by Chief Minister Devendra Fadnavis was attended by Cabinet Ministers Chandrakant Patil, Eknath Shinde, Girish Mahajan, Prakash Mehta and Minister of State for Finance Deepak Kesarkar.

Govt to compensate road developers in case of delays

"The CCEA has given its approval for authorising National Highways Authority of India (NHAI) to allow extension of concession period for all current projects in BOT (Toll) mode that are languishing during the construction period due to causes not attributable to the concessionaire," an official statement said.

Government keeps option open of reconvening session

Sources said the decision to reconvene Monsoon session, after the washout of last three weeks due to disruptions by Congress-led opposition, will depend on whether there is some significant headway with other parties on the contentious GST bill.

Industrial slump to put additional stress on CV loans

"Delays in industrial recovery and subdued private consumption expenditure will continue to put pressure on the freight demand of medium, heavy and light commercial vehicles till at least the first half of FY15," India Ratings said in a report today.

Govt likely to allow UIDAI to start enrolment in NPR states

According to an official source, the Cabinet Committee on Unique identification Authority of India (UIDAI) will discuss a proposal of the Planning Commission to allow UIDAI to start enrolments in states and union territories which were not part of its mandated operations.

Extend coal supply beyond scheduled time: Power cos to govt

Power producers under 78,000 mw capacity list have requested the government to extend the supply of coal beyond the scheduled time to their plants under the tapering linkage policy.

Govt to clear all stalled infra projects in next 60 days

According to sources, apart from 28 projects, there were other projects as well which have been considered by the CCI today. All of them have been given a go-ahead. The total number of projects that were considered today stood at around 36 which meant an investment of about Rs 1.9 lakh crore.

Diesel price up by 51 paise/L, petrol cut by 25 paise/L

In bold reforms, the government on Thursday moved towards deregulating diesel when it raised prices by 51 paisa per litre and planned similar monthly hikes in future to cut record subsidies.

Govt imposes 2.5 % import duty on crude edible oil

The government today imposed 2.5 per cent import duty on crude edible oil to protect domestic oilseed farmers, but did not raise duties on refined cooking oil fearing hike in retail prices.

5 per cent ethanol to be mixed in petrol from December

Mandatory mixing of five per cent ethanol in petrol will be implemented across the country from next month, Cabinet Committee on Economic Affairs decided today, a step which will help the country save around 100 crore litres of fuel every year.

Cabinet approves bailout for power distributors

Pushing new reform s in the power sector, the Centre on Monday approved restructuring of Rs 1.9 lakh crore debt of State Electricity Boards in a move to turnaround the near-bankrupt power distribution companies.

Diesel, LPG price-Hike put off; CCPA to meet on Sep 18

A hike in the prices of diesel, LPG and kerosene was put off on Tuesday apparently following strong reservations within the Congress even though oil minister S Jaipal Reddy said the increase was unavoidable.

Import duty levels playing field for Indian cos: BGR Energy

The CMD of BGR Energy BG Raghupathy says that the Cabinet‘s decision to impost a 21% import duty on power equipments will help level the playing field for Indian companies.

Budget session schedule to be decided on Tuesday

Schedule for the Budget session of Parliament will be decided on Tuesday amidst indications that the Union Budget 2012-13 may be presented around the middle of March.

Expect to maintain margins at 10-11% ahead: Coromandel

Coromandel International's Q4 net profit had fallen 11.51% to Rs 72.62 crore as compared to Rs 82.07 crore for the quarter ended March 31, 2010. Kapil Mehan, managing director of Coromandel International said the company should do better than last year. He sees operating profit margins around 10-11%.

Textile sector gets additional Rs 7400cr for modernisation

The Government on Tuesday enhanced subsidy allocation for modernisation of the textiles industry to Rs 15,404 crore from earlier sanction of Rs 8,000 crore for the current Plan ending 2012.