 "CCEA approves 15% stake sale in NBCC")
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a proposal to sell 15% stake in state-owned construction company NBCC India through the OFS route.
Currently, the government holds 90% in the company, which has a market capitalisation of Rs 14,274 crore.
Also, the Cabinet approved modification and continuation of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) as ‘Skill Dev Component', with an outlay of Rs 12,000 crore.
The PMKVY will enable skilling of one crore people over the next four years (2016-2020).
The Cabinet approved revised cost estimates of Rs 7,290 crore for ongoing 1020 MW Punatsangchhu-II Hydroelectric project in Bhutan.
The Cabinet has also approved various facilities to persons from minority communities from Afghanistan, Bangladesh and Pakistan. Law and IT minister Ravi Shankar Prasad said the Cabinet is making visa conditions easy for minorities — Hindus, Buddhists, Christians, Parsis — from Bangladesh, Pakistan and Afghanistan to India.