CCEA

  • Government clears 5 pc stake sale in ONGC, may garner Rs 18,000 crore 6 days ago

    New Delhi: Government on Wednesday cleared 5 per cent disinvestment in oil major ONGC, which may fetch the exchequer about Rs 18,000 crore. According to sources, the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, has cleared the ONGC stake sale proposal. ...
  • Cabinet Committee on Economic Affairs clears rail lines in Jharkhand, Rajasthan February 13, 2014

    The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the construction of two broad guage line between Pirpainti-Jasidih in Jharkhand and Ajmer and Sawai Madhopur via Tonk in Rajasthan. The line between Pirpainti-Jasidih situated in Mohanpur in Jharkhand will be constructed at a cost of Rs 915.96 crore. While 50 per...
  • CCEA modifies decision on coal blocks February 4, 2014

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved modifying its earlier decision to allow state governments to grant mining leases for coal blocks to companies if there is no CBI enquiry against them. The modification was proposed after the Supreme Court refused to split coal blocks...
  • CCEA likely to modify decision on coal blocks on Tuesday February 3, 2014

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) in its meeting on Tuesday is likely to modify the earlier decision to give a go ahead to state governments for granting mining leases for coal blocks to companies if there is no CBI enquiry against them. "The CCEA is scheduled to...
  • Cabinet meets to decide on de-allocation of coal blocks January 13, 2014

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) met on Monday to discuss the criteria for de-allocation of coal block licences in the coalgate scam. The meeting comes in wake of the Central Bureau of Investigation producing a fresh status report in the coal scam before Supreme Court on...
  • PPPAC appraises five proposals in port sector December 27, 2013

    New Delhi: The Public Private Partnership Appraisal Committee (PPPAC) has appraised five proposals in the port sector. The projects will now be recommended for grant of final approval by the Cabinet Committee on Economic Affairs (CCEA). The Ministry of Shipping will submit a Cabinet Note to the Cabinet Committee on...
  • ONGC to start drilling for shale gas in Gujarat next month September 25, 2013

    New Delhi: A day after government allowed state-owned firms to extract shale oil and gas, Oil and Natural Gas Corp (ONGC) Wednesday said it plans to start drilling for the unconventional hydrocarbon resource in Gujarat next month. The Cabinet Committee on Economic Affairs (CCEA) on Tuesday allowed ONGC and Oil India...
  • Cabinet approves 10 pc stake sale in Indian Oil; to fetch Rs 3,750 crore August 1, 2013

    New Delhi: The Cabinet on Thursday cleared the proposal for sale of 10 per cent government stake in Indian Oil Corporation (IOC), which may fetch around Rs 3,750 crore to the exchequer at the current market price. "IOC disinvestment proposal has been cleared by the CCEA (Cabinet Committee on Economic Affairs),"...
  • Govt redefines term 'control' to provide clarity to investors August 1, 2013

    New Delhi: Seeking to provide more clarity to foreign investors, the government on Thursday approved a comprehensive definition of term "control" for the purpose of mergers and acquisitions involving overseas companies. As per the decision, 'control' will include "the right to appoint a majority of the directors or to control the...
  • Cabinet likely to take up IOC disinvestment proposal at the CCEA on Thursday July 24, 2013

    New Delhi: The Cabinet, on Thursday, is likely to consider the proposal for sale of 10 per cent of government's stake in Indian Oil Corporation (IOC), which may fetch over Rs 4,300 crore to the exchequer at the current market price. "IOC disinvestment proposal is likely to come up for consideration...
  • Food Ministry notifies CCEA decision on sugar decontrol May 8, 2013

    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,...
  • Finance Ministry to reconsider IKEA's proposal January 6, 2013

    New Delhi: 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...
  • News 360: Government clears power bailout September 24, 2012

    In yet another major reform push, the Cabinet clears a restructuring package for state electricity boards. ...
  • Cabinet clears restructuring plan for SEBs September 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...
  • Broadcast sector reform: FDI upto 74 pc to be allowed September 14, 2012

    New Delhi: In a major decision to liberalise the broadcast sector, the government on Friday decided to raise FDI cap to 74 per cent in various services of the sector, except the TV news channels and FM radio where the cap of 26 per cent will apply. The decision of the...
  • Air India to lease out fuel guzzling Boeing 777s June 12, 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...
  • AI restructuring approved, FDI in aviation deferred April 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...
  • Air India restructuring, equity infusion today April 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. ...
  • Centre to consider Rs 8750 cr package for Bengal December 7, 2011

    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...
  • ONGC to decide on Cairn-Vedanta deal on Sept 27 August 30, 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...
  • CCEA refers Cairn-Vedanta deal to GoM April 6, 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...
  • CCEA approves IPOs of 3 power PSUs November 23, 2006

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the initial public offers of three power sector PSUs – Power Finance Corporation, Power Grid Corporation of India and Rural Electrification Corporation. The CCEA, which met under the chairmanship of Prime Minister Manmohan Singh, has cleared Power Ministry's proposal...
  • CCEA approves package for small units October 16, 2006

    New Delhi: The government on Monday approved the much-awaited promotional package for micro-small and medium enterprises, likely to be valid for five years. "The package would provide support for the development and promotion of micro and small sector units, facilitate employment generation and enhance their competitiveness," a government spokesperson said after...