New Delhi: The Food Ministry has notified the the Cabinet Committee on Economic Affairs (CCEA) decision to partially decontrol the sugar sector. The Food Ministry has issued a gazette notification withdrawing the control over sugar industry through Essential Commodities Act and Sugar Control Order, sources said.
On April 4, 2013, the CCEA had decided to decontrol the sugar sector by giving freedom to mills to sell sugar in the open market and removing their obligation to supply the sweetener at subsidised rates for ration shops. As per the CCEA decision, regulated release mechanism, under which sugar quantity for open market sale is fixed by the government, will be abolished with immediate effect. Besides, mills will be freed from mandatory supply of 10 per cent of their production to the government at cheaper rate to meet ration shop demand.
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02:08 AM, May 08, 2013
The Finance Ministry is likely to reconsider on January 18 the proposal of Swedish furniture major IKEA for opening cafeterias at its proposed mega retail outlets. "Meeting of Foreign Investment Promotion Board (FIPB) is scheduled on January 18 and the IKEA's case may be taken up," a Department of Industrial Policy and Promotion (DIPP) official said. ...
06:18 PM, Jan 06, 2013
In yet another major reform push, the Cabinet clears a restructuring package for state electricity boards. ...
10:00 PM, Sep 24, 2012
New Delhi: In a major decision, the Cabinet Committee on Economic Affairs (CCEA) on Monday evening cleared the restructuring plan of the state electricity boards. Sources say the states can now covert all loans into equity. The association of power producers has welcomed the move calling it a step in the positive direction. Sources say the government has cleared the proposal to restructure debt worth nearly Rs 2 lakh crore...
07:23 PM, Sep 24, 2012
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07:34 PM, Sep 14, 2012
New Delhi: Air India will lease out some of its fuel-guzzling Boeing 777s to private airlines to save on costs and restructure international operations on receiving the first batch of 787 Dreamliners in about a month. "There was a need for a long time to replace the 777s with more fuel-efficient aircraft like the 787s. But due to the delay in 787s delivery we were not able to do so....
03:41 PM, Jun 12, 2012
New Delhi: The Cabinet approved restructuring of Air India on Thursday at the Cabinet Committee on Economic Affairs (CCEA) meet. The plan includes infusion of additional equity to shore up the precarious financial position of the cash-strapped carrier. As part of Air India's restructuring, the government has decided to infuse Rs 4,000 crore as additional equity during the current fiscal. This would raise the airlines' equity base to Rs 7,345...
12:49 PM, Apr 12, 2012
New Delhi: In what may come as a big fillip to Air India, the government is likely to take up for approval on Thursday its turnaround plan (TAP), including the issue of infusion of additional equity, in a bid to shore up the precarious financial position of the cash-strapped carrier. The Cabinet Committee on Economic Affairs (CCEA) might take a decision on the national carrier's TAP as well as its...
05:32 AM, Apr 12, 2012
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) will consider a package of Rs 8750 crore for West Bengal. West Bengal Chief Minister Mamata Banerjee had, however, insisted on a package of Rs 19000 crore for the state. This came a month after Trinamool Congress MPs met Prime Minister Manmohan Singh over hike in petrol prices and had insisted on a package for the state. The move comes amidst...
09:05 AM, Dec 07, 2011
New Delhi: State-owned Oil and Natural Gas Corp (ONGC) on Tuesday said it may on September 27 decide on giving its consent to UK's Cairn Energy Plc selling majority stake in Cairn India to London-listed Vedanta Resources. ONGC, which holds stake in 8 out of the 10 oil and gas properties Cairn India has in the country, holds pre-emption or right of first refusal. "We have to do valuation of...
07:56 PM, Aug 30, 2011
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday referred the $ 9.6 billion Cairn-Vedanta deal to a group of ministers after sharp differences emerged at its meeting on Wednesday. "It has been referred to a Group of Ministers (GoM)...the GoM will be headed by Finance Minister Pranab Mukherjee," Oil Minister S Jaipal Reddy said. On Tuesday, the UK-based Vedanta Group had said it has received market regulator...
07:25 PM, Apr 06, 2011
The CCEA, which met under the chairmanship of PM, has cleared Power Ministry's proposal for the three IPOs. ...
09:02 PM, Nov 23, 2006
The government on Monday approved the much-awaited promotional package for micro-small and medium enterprises. ...
10:44 PM, Oct 16, 2006
