Cabinet Committee-on-economic-affairs

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Cabinet Committee-on-economic-affairs - Total results - 64
Coronavirus Outbreak: Cabinet okays supply of 2 kg extra subsidised foodgrains through ration shops
Business

Coronavirus Outbreak: Cabinet okays supply of 2 kg extra subsidised foodgrains through ration shops

To ensure sufficient supply during the lockdown, the government on Thursday decided to increase the monthly quota of subsidized foodgrains by 2 kg to 7kg per person through ration shops for 80 crore beneficiaries

PFC, REC merger hits roadblock as amalgamation to violate RBI norms on debt exposure of state-owned shadow banking firm
Business

PFC, REC merger hits roadblock as amalgamation to violate RBI norms on debt exposure of state-owned shadow banking firm

In March 2019, PFC had completed acquisition of a majority stake in REC by transferring Rs 14,500 crore to the government with hope of merger of the two firms in 2019-20.

Government directs ministries to aggressively pursue foreign companies for investment after recent reforms
India

Government directs ministries to aggressively pursue foreign companies for investment after recent reforms

The Cabinet Secretariat letter reviewed by Firstpost reveals that concerned departments have been told to identify sectors where foreign companies could be invited for fresh investments

Govt to set up unified regulator for IFSCs; bill to be introduced in Lok Sabha after withdrawal from Rajya Sabha
Business

Govt to set up unified regulator for IFSCs; bill to be introduced in Lok Sabha after withdrawal from Rajya Sabha

Currently, the banking, capital markets and insurance sectors in IFSC are regulated by multiple regulators—the RBI, SEBI, IRDAI

Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap
Business

Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap

In the biggest privatisation drive-ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, shipping firm SCI and onland cargo mover Concor

Union Cabinet hikes MSPs for rabi crops, approves BSNL-MTNL merger, regularises unauthorised Delhi colonies: 5 key decisions taken today
Business

Union Cabinet hikes MSPs for rabi crops, approves BSNL-MTNL merger, regularises unauthorised Delhi colonies: 5 key decisions taken today

The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday took major decisions aimed at reviving the economy

Govt opens up fuel retailing; allows non-oil companies to set up petrol pumps to increase competition
Business

Govt opens up fuel retailing; allows non-oil companies to set up petrol pumps to increase competition

The government on Wednesday opened up fuel retailing norms, allowing non-oil companies to set up petrol pumps to increase competition

Govt hikes minimum support price of wheat by Rs 85 per quintal and pulses by up to Rs 325 per quintal
Business

Govt hikes minimum support price of wheat by Rs 85 per quintal and pulses by up to Rs 325 per quintal

The government on Wednesday increased the minimum support price (MSP) for wheat by Rs 85 to Rs 1,925 a quintal and for pulses by up to Rs 325 per quintal, official sources said

Govt hikes ethanol procurement price for fuel blending; move may cut oil import bill by $1 bn annually
Business

Govt hikes ethanol procurement price for fuel blending; move may cut oil import bill by $1 bn annually

The government on Tuesday announced an increase in the price of ethanol procured by public sector oil marketing companies for one year starting December

Union Cabinet approves setting up of 75 government medical colleges; move to add over 15,000 MBBS seats
India

Union Cabinet approves setting up of 75 government medical colleges; move to add over 15,000 MBBS seats

The proposal is part of the phase III of a centrally sponsored scheme for "establishment of new medical colleges by upgrading district or referral hospitals".

Cabinet clears Rs 6,268-cr sugar export subsidy; move will help mills in clearing huge sugarcane arrears to farmers
Business

Cabinet clears Rs 6,268-cr sugar export subsidy; move will help mills in clearing huge sugarcane arrears to farmers

The government on Wednesday announced a Rs 6,268 crore subsidy for export of 6 million tonnes of sugar during the 2019-20 marketing year starting October in order to liquidate surplus domestic stock and help mills in clearing huge sugarcane arrears to farmers

Govt hikes paddy MSP by 3.7% to Rs 1,815 per quintal for 2019-20 crop season: Agriculture minister
Business

Govt hikes paddy MSP by 3.7% to Rs 1,815 per quintal for 2019-20 crop season: Agriculture minister

The government has raised the minimum support price (MSP) of paddy, a key kharif crop, by 3.7 percent to Rs 1,815 per quintal for the 2019-20 crop season, said Agriculture and Farmers Welfare Minister Narendra Singh Tomar on Wednesda

Rajnath Singh's return to key Cabinet committees shows Modi govt's willingness to quickly course correct
Politics

Rajnath Singh's return to key Cabinet committees shows Modi govt's willingness to quickly course correct

Through his four-decade political career, Rajnath Singh has always been conscious of his image, maintaining a certain grace and dealing with people with dignity.

Rajnath Singh's omission from several Cabinet Committees is glaring; ex-home minister part of only two panels out of eight
Politics

Rajnath Singh's omission from several Cabinet Committees is glaring; ex-home minister part of only two panels out of eight

In the first Modi-led government, Rajnath Singh was part of all Cabinet Committees that were constituted in June 2014, or afterwards.

Narendra Modi, new ministers to be sworn-in on 30 May: PM-led Council of Ministers advises President, accountable to Lok Sabha
Politics

Narendra Modi, new ministers to be sworn-in on 30 May: PM-led Council of Ministers advises President, accountable to Lok Sabha

India will get a new Council of Ministers led by Modi on 30 May, when President Ram Nath Kovind administers them the oath of office and secrecy at Rashtrapati Bhavan

Govt to divest 25% in RailTel Corporation, invites bids from merchant bankers to manage IPO
Business

Govt to divest 25% in RailTel Corporation, invites bids from merchant bankers to manage IPO

The government will appoint up to three merchant bankers to manage the listing process and has invited bids from them by 11 June

PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscal
Business

PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscal

PFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.

Govt okays Vodafone Idea's foreign direct investment proposal ahead of Rs 25,000 cr rights issue
Business

Govt okays Vodafone Idea's foreign direct investment proposal ahead of Rs 25,000 cr rights issue

Last month, the board of directors of Vodafone Idea Ltd had approved Rs 25,000 crore fundraising plan by way of rights issue to the existing eligible equity shareholders.

Niti Aayog open to have a role in allocating developmental funds to states: Vice chairman Rajiv Kumar
Business

Niti Aayog open to have a role in allocating developmental funds to states: Vice chairman Rajiv Kumar

Kumar said Budget 2019 has achieved a very good balance between providing a growth stimulus and maintaining the fiscal discipline

Cabinet Committee on Economic Affairs okays Rs 7,522 cr fund for creating infrastructure for fisheries sector
Business

Cabinet Committee on Economic Affairs okays Rs 7,522 cr fund for creating infrastructure for fisheries sector

The government aims to achieve a sustainable growth of 8-9 percent, so that fish production reaches to the level of about 20 million tonnes by 2022-23.