CABINET COMMITTEE ON ECONOMIC AFFAIRS

  • 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 PirpaintiJasidih in Jharkhand and Ajmer and Sawai Madhopur via Tonk in Rajasthan. The line between PirpaintiJasidih situated in Mohanpur in Jharkhand will be constructed at a cost of Rs 915.96 crore. While 50 per...
  • Cabinet meets to decide on deallocation of coal blocks January 13, 2014

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) met on Monday to discuss the criteria for deallocation 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...
  • Government okays CCTV, panic buttons in public vehicles January 2, 2014

    The government on Thursday approved the first project under the Nirbhaya fund, approving the installation of panic buttons, CCTV cameras and Global Positioning System (GPS) devices in public transport vehicles in 32 cities in India. The approval was given by the Cabinet Committee on Economic Affairs (CCEA) at its meeting held...
  • Govt clears Rs 1,912 crore of road projects in Bihar, Gujarat December 26, 2013

    The government on Thursday approved the widening of highways in Bihar and Gujarat at an estimated cost of Rs 1,912 crore. The Cabinet Committee on Economic Affairs (CCEA) cleared projects that include the fourlaning of a highway stretch in the Buddhist tourist circuit in Bihar for Rs 1,408.85 crore and the...
  • Cabinet nods to JetEtihad stake sale deal October 3, 2013

    Paving the way for the biggest ever foreign investment in India's aviation sector, the Union Cabinet on Thursday cleared Jet Airways' proposed sale of 24 per cent equity to Abu Dhabibased Etihad, days after the Rs 2,058 crore deal got regulatory clearances. "Yes, it has been cleared," said Civil Aviation Minister...
  • ONGC to start drilling for shale gas in Gujarat next month September 25, 2013

    New Delhi: A day after government allowed stateowned 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 nod for shale gas exploration on nomination basis September 24, 2013

    New Delhi:The Cabinet Committee on Economic Affairs on Tuesday approved exploration and exploitation of shale gas and oil by national oil companies (NOCs) on acreages given on a nomination basis. "This policy will allow NOCs to carry out exploration and exploitation of unconventional hydrocarbon resources particularly shale gas and oil in...
  • Moily says no rethink on gas price hike decision July 11, 2013

    New Delhi: Amidst Finance Ministry raising prospects of forcing Reliance Industries to sell gas at old price of $4.2, Oil Minister M Veerappa Moily on Thursday said there was no rethinking in the government on the decision to double gas rates from April 1, 2014. "There is no thinking on...
  • Govt clears Rs 2 lakh cr bailout for power sector September 24, 2012

    New Delhi: In a slew of decisions taken by the government to push reforms, the Cabinet on Monday cleared a Rs 2 lakh crore package for the financially bleeding state electricity boards, a bonanza of One Rank One Pension for exservicemen and also hiked Dearness Allowance by 7 per cent...
  • 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...
  • Govt to push for aviation FDI, Mamata on board September 13, 2012

    New Delhi: The government is getting ready to push for FDI in aviation with sources confirming that Trinamool Congress chief Mamata Banerjee has agreed to the proposal. Cabinet Committee on Economic Affairs is likely to discuss and clear FDI in aviation on Friday. The proposal will be sent to the Cabinet...
  • Oil Ministry approves Cairn, Vedanta deal July 26, 2011

    New Delhi: More than three weeks after the Cabinet Committee on Economic Affairs gave conditional nod to the $ 9billion CairnVedanta deal, the Oil Ministry on Tuesday sent a formal letter to the companies informing of the decision. "The letter was collected by Cairn India representatives this afternoon," an oil ministry...
  • Govt asks AI to make longterm plan for revamp June 29, 2011

    New Delhi: Government is understood to have asked Air India to prepare a 8 to 10yearplan of resource generation to revamp itself by implementing the turnaround and financial restructuring programme to the hilt. With a Group of Ministers (GoM) last week setting the ball rolling for effecting the turnaround, Air India...