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Shares of makers of jute products such as Gloster, Cheviot and Ludlow Jute were sharply higher by up to 5% in early trade on January 22, in anticipation of a higher Minimum Support Price (MSP) on raw jute for the upcoming season.
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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.
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Budget 2024:Issues highlighted by the cabinet committee on economic affairs have been addressed in the proposal for the new PLI scheme.The quantum of the new PLI scheme has been halved to Rs 5,000 crore from Rs 11,000 crore.
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Issues highlighted by the cabinet committee on economic affairs have been addressed in the proposal for the new PLI scheme.
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Worldwide container glut behind the decision to put the scheme on hold. As part of the initiative, the shipping ministry had suggested dispersing Rs 11,000 crore over a nine-year period, to boost the manufacturing of such containers in India.
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Union Ministers Anurag Singh Thakur and Ashwini Vaishnaw speak at Cabinet briefing after CCEA decision
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Last week, the Cabinet Committee on Economic Affairs (CCEA) approved a proposal to establish three new national-level multi-state cooperative societies to promote organic products, seeds and exports.
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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.
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The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, raised the price of ethanol extracted from sugarcane juice to Rs 65.60 per litre from the current Rs 63.45 per litre for the supply year beginning December 2022.
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The CCEA, led by Prime Minister Narendra Modi, is expected to take up the proposal to ease the regulation for domestically produced oil. If accepted, it will allow crude oil producing companies to sell crude oil in the open market
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Anchorage Infrastructure is the investment vehicle of Fairfax India for airports and other infrastructure investments. Fairfax India is the majority owner and controller of Bangalore International Airport Ltd as it owns a 54 percent stake in the airport.
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"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.
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While the Cabinet Committee on Economic Affairs has allowed the sale of the entire stake, the exact quantam will be decided as the process unfolds. The Centre and LIC together own nearly 95 percent of IDBI Bank currently.
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The centre and LIC together own more than 94 percent of equity of IDBI Bank, with the centre owning 45.48 percent and LIC owning 49.24 percent. LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter.
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The plan will reduce dependence on urea imports, currently pegged at an annual 12 lakh metric tonnes, and create jobs in Bihar, Odisha and Jharkhand.
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YS Jagan Mohan Reddy government in Andhra Pradesh had invited Posco to set up a plant in Krishnapatnam, however, the steel major is yet to take a decision.
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Guwahati, Mar 27 The Registrar General of India (RGI) has turned down a request of the Assam government to continue financial support for complet..
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Apart from approving spectrum allocation and Rs3,500 crore assistance for sugarcane farmers, the Union Cabinet also approved revised cost estimate of North Eastern Region Power System Improvement Project and an MoU between India ad the US for exchange of information in areas of mutual interest in the electricity sector.
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Information and Broadcasting Minister Prakash Javdekar said that the recapitalization of RRBs will improve their Capital to Risk Weighted Assets Ratio.
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A decision in this regard was taken at the Cabinet Committee on Economic Affairs meeting, chaired by Prime Minister Narendra Modi.
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This is in addition to Rs 1,332 crore already approved by the Cabinet Committee on Economic Affairs (CCEA) in June 2018.
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The Centre also approved a hike in MSP for Copra, the Coastal Regulation Zone Notification 2018 and setting up of National Commission for Homeopathy.
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The Cabinet Committee on Economic Affairs (CCEA) today approved Rs 2,225.46 crore fund to be utilised till 2020 to strengthen and develop higher agricultural education and generate quality human resources
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The restructuring would result in lessening of the gap between the national average and the minority communities on backwardness parameters, an official statement said.
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"The scheme is expected to increase the silk production from the level of 30,348 MTs during 2016-17 to 38,500 MTs by end of 2019-20," said an official release after the meeting of Cabinet Committee on Economic Affairs (CCEA) here.
