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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.
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The scheme would involve the distribution of rent vouchers to migrant population and the urban poor by urban local bodies.
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A media report stated that the government was looking to give up controlling stake and has prepared a Cabinet note on the proposal already. Stock has gained 7 percent in the past three days.
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Addressing the media on the last day of depositing the invalid notes in banks, Chidambaram also demanded that the agenda and minutes of the crucial RBI Board meeting along with the Cabinet Note of demonetisation be made public.
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This assumes significance in the backdrop of the government's commitment to provide affordable round-the-clock electricity to all.
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Sources say Finance Minister Arun Jaitley and Reserve Bank of India Governor Raghuram Rajan have agreed to a model of the proposed monetary policy committee (MPC).
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Under the interest subvention scheme, exporters are provided credit at subsidised rates by banks which are later compensated by the government.
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The Coal Ministry has sought comments from various ministries, including finance, on the draft Cabinet note for implementation of performance related pay of Coal India Ltd employees, aimed at removing anomalies in salaries and wages of nearly 19,000 CIL officers.
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After sounding a stern warning to PSU banks last week, the Finance Minister has taken a major step towards meeting their long-term capital needs. The North Block has approved a draft Cabinet note, which proposes to create a holding company structure for state-run banks.
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Power Ministry will this week circulate a Cabinet note proposing amendments to the Tariff Policy, which was in incorporated in 2006 mainly with a purpose of giving importance to competition and creating conditions for competition in the sector.
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A government note is in all probability going to reiterate that when the government hiked the foreign direct investment (FDI) cap in aviation to 49 percent, it was not just meant for existing carriers but other airlines as well, reports CNBC-TV18‘s Ronojoy Banerjee.
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The government had earlier planned to divest 11.36 percent stake in NHPC via an offer for sale. It had also selected Credit Suisse and HSBC as merchant bankers to manage the sale of shares.
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The Cabinet note on rescheduling premium of public private partnership (PPP) projects has been moved. Sources told CNBC-TV18's Rituparna Bhuyan that there are some stringent conditions that have been proposed.
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CNBC-TV18's Aakansha Sethi reports, quoting sources, that the finance ministry has floated a Cabinet note to legalise Put and Call options
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In what could be an obstacle to the settlement of the Vodafone tax dispute, the law ministry has struck down conciliation with the company.
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The Coal Ministry moved a Cabinet note on the issue of shifting NTPC's North Karanpura power project in Jharkhand to another location in the state as the site first proposed falls under potential coal bearing area.
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The Finance Ministry will move a Cabinet note in 7-10 days to launch Credit Guarantee Scheme proposed in the Budget to ensure better flow of education loans to deserving students.
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There is some clarity on the Corporate Social Responsibility (CSR) norms for Corporate India. The final Cabinet note of the Companies Bill suggests that corporates will have to give preference to local aeras, reports Ronojoy Banerjee of CNBC-TV18.
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Decisions on 2G auction reserve price and imposing a prospective charge on telcos will be taken after July 5 and spectrum EGoM will be reconvened by next Friday, reports Malvika Jain of CNBC-TV18.
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A Cabinet note has been floated on divestment in Hindustan Copper earlier this month, reports CNBC-TV18's Nayantara Rai.
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A cabinet note on buyback for inter-ministerial consultation has been floated by the Department of Disinvestment, reports CNBC-TV18's Aakansha Sethi.
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The long pending issue of opening up of multi-brand retail for foreign investment is finally gathering momentum.
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The Cabinet note allowing FDI in multi-brand retail is likely to start its process in the next ten days, reports CNBC-TV18’s Rituparno Bhuyan. The committee of secretaries (COS) had given their approval on the same on July 22.
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After reviewing the causes of slowdown in industrial growth with the corporate leaders, Commerce and Industry Minister Anand Sharma today said a Cabinet note on the proposed policy to boost manufacturing will be circulated soon.
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The process of setting up an autonomous Civil Aviation Authority to regulate all aviation safety issues in India is in the final stages with a cabinet note on it likely to be finalised soon.
