Ccea

Rs 1,435 crore PAN 2.0 project gets CCEA approval as business identifier

The PAN 2.0 project aims to enable technology-driven transformation of taxpayer registration services and offers several benefits

CCEA approves infusion of Rs 10,700 cr equity in FCI for working capital

Move aimed at bolstering FCI's working capital and supporting the agricultural sector

12 industrial smart cities - A vital cog in India's development journey

The strategic initiative envisages investments upwards of Rs 28,600 crore to develop greenfield smart cities of global standards and create a network of industrial nodes across the country

CCEA to hold first meeting post-2024 elections on June 19: Explained

CCEA explained: What is the committee on economic affairs and its relevance ahead of the 2024 Union budget presentation

Coal India's venture into power generation gets Cabinet approval

Rs 5.6K cr equity investments in two thermal power projects also get go-ahead

CCEA approves Rs 5,607 cr investments by Coal India in two power projects

The Cabinet Committee on Economic Affairs on Thursday approved equity investments of Rs 5,607 crore by state-owned South Eastern Coalfields and Mahanadi Coalfields to set up two thermal power projects with total generation capacities of 2,260 MW. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Thursday, an official statement said. According to the statement, South Eastern Coalfields Ltd (SECL) will set up a 660 MW thermal power plant through a joint venture of SECL and MPPGCL. Similarly, Mahanadi Coalfields Ltd (MCL) will set up a 2x800 MW thermal power plant through Mahanadi Basin Power Ltd (MBPL - a subsidiary of MCL). There will be an equity capital of Rs 823 crore (plus or minus 20 per cent) by SECL with an estimated project capex of Rs 5,600 crore (accuracy of plus or minus 20 per cent) for the proposed 660 MW supercritical thermal power plant through JV of SECL and MPPGCL at Amarkantak Thermal

PM hails Cabinet's nod to Jamrani Dam project's inclusion under PMKSY-AIBP

Prime Minister Narendra Modi on Thursday hailed the Union Cabinet's approval to the inclusion of the Jamrani Dam Multipurpose Project of Uttarakhand under the accelerated irrigation benefit programme, saying it is a significant stride towards a prosperous and sustainable Uttarakhand and Uttar Pradesh. The government on Wednesday approved the inclusion of the project under the Pradhan Mantri Krishi Sinchayee Yojana-Accelerated Irrigation Benefit Programme (PMKSY-AIBP), which will cost Rs 2,584 crore. The project envisages the construction of a dam near Jamrani village across river Gola, a tributary of river Ram Ganga in Nainital district of Uttarakhand. The dam will feed the existing Gola barrage through its 40.5 km length of canal system and 244 km long canal system completed in 1981. In a post on X, Modi said, "This decision by the CCEA will bolster irrigation, enhance hydro power generation and provide clean drinking water to over 10 lakh people." "It is a significant stride towa

Power Grid to build Rs 20k-crore Green Energy Corridor-II in Ladakh

The GEC-II is an Inter-State Transmission System (ISTS) project aimed at connecting at least 13 gigawatts of forthcoming renewable energy projects in Ladakh

Costlier land acquisition led to Bharatmala cost overrun: Official

According to the CAG report tabled in Parliament on August 10, only 75.62 per cent of the approved length has been awarded, whereas 158.24 per cent of outlay was sanctioned up to March 31, 2023

PM-PRANAM scheme gets CCEA approval to boost alternative fertilisers

Urea subsidy of Rs 3.68 trillion to continue till March 2025

L&T is lowest bidder for New Delhi station revamp with Rs 8,740 cr offer

Infra major was in the fray with Shapoorji Pallonji for largest station upgrade project; its submission is over Rs 3,000 crore beyond the Centre's estimate

RINL seeks proposals to fund working capital in exchange for steel supply

In a first, state-owned Rashtriya Ispat Nigam Ltd (RINL) is exploring a business model wherein it will supply finished steel products to companies which will either fund its working capital or supply one or more raw materials. RINL has invited expressions of interest from companies which have interests in steel and steel-making raw materials to partner with it for the supply of steel. In the notice, RINL said that the potential partner may participate by way of supplying one or more key raw materials like coking coal /BF coke, iron ore, and in turn take steel products as per mutually agreed terms and conditions. The potential partner may fund working capital and in turn, take steel products as per mutually agreed terms and conditions. The notice stated that the interested party must be in the business of steel making or raw materials used in the manufacturing of steel. The last date to submit the EOIs is April 15, 2023. The EOIs will be accepted through both physical and online ...

Cabinet approves over Rs 2,500-cr scheme for upgrading infra of DD, AIR

In a bid to upgrade Prasar Bharati's broadcast infrastructure and network, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a scheme worth more than Rs 2,500 crore for Doordarshan and All India Radio. Information and Broadcasting Minister Anurag Thakur announced the Central Sector Broadcasting Infrastructure and Network Development (BIND)' scheme with an outlay of Rs 2,539.61 crore up to 2025-26, which was approved by the CCEA. "The BIND scheme is the vehicle for providing financial support to Prasar Bharati for expenses related to expansion and upgradation of its broadcasting infrastructure, content development and civil work related to the organization," the I&B Ministry said in a statement. "Prasar Bharati, as the public broadcaster of the country, is the most important vehicle of information, education, entertainment and engagement for the people especially in the remote areas of the country through Doordarshan and All India Radio (AIR). "Prasar Bharati ..

Cabinet approves Rs 51,875 cr subsidy for P&K fertilisers for rabi season

The government on Wednesday approved a subsidy of Rs 51,875 crore for phosphatic and potassic (P&K) fertilisers for second half of 2022-23 as part of efforts to provide affordable soil nutrients to farmers. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi approved nutrient-based subsidy (NBS) rates for P&K fertilisers for 2022-23 rabi season, an official statement said. The CCEA has approved a subsidy of Rs 98.02 per kg for nitrogen (N), Rs 66.93 per kg for phosphorus (P), Rs 23.65 per kg for potash (K) and Rs 6.12 per kg for sulphur (S), it said. "Subsidy approved by the Cabinet for the NBS Rabi-2022 (from 01.10.2022 to 31.03.2023) will be Rs 51,875 crore including support for indigenous fertiliser (SSP) through freight subsidy," the statement said. This will enable smooth availability of all P&K fertilisers to farmers during the rabi season at subsidized / affordable prices and support the agriculture sector, it said. "The ...

Railways eyes Rs 30,000-crore revenue with new land licensing fee policy

Sources also indicated that the current policy was causing a lot of leasable Railways land to go idle, notwithstanding the potential for terminal operations

Top Headlines: Rlys' land lease policy, strong festival sales, and more

Business Standard brings you the top headlines at this hour

CCEA revises Railway's industrial land lease policy; lowers fee to 1.5%

Move likely to pave way for Concor's strategic sale

Govt decides to put restrictions on export of wheat flour to curb prices

The government on Thursday decided to put restrictions on the export of wheat flour to curb rising prices of the commodity. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi here. The decision of the Cabinet "will now allow to put a restriction on the export of Wheat Flour which will ensure a curb on rising prices of wheat flour and ensure food security of the most vulnerable sections of the society," an official statement said. The Directorate General of Foreign Trade (DGFT) will issue a notification to this effect. Russia and Ukraine are the major exporters of wheat, accounting for around one-fourth of the global wheat trade. The war between the two countries has led to global wheat supply chain disruptions, thus increasing the demand for Indian wheat. As a result, the price of wheat in the domestic market has showed an increase. In order to ensure food security of the country, the government put a .

Cabinet approves Taranga Hill-Ambaji-Abu Rd rail line for improved mobility

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Taranga Hill-Ambaji-Abu Road new rail line to provide connectivity and improve mobility, said Anurag Thakur

CCEA approves Rashtriya Gram Swaraj Abhiyan with outlay of Rs 5,911 cr

Cabinet has today approved continuation of Rashtriya Gram Swaraj Abhiyan till 2025-26 with outlay of Rs 5,911 crore, says I&B Minister Anurag Thakur