CCEA

At the bourses, IDBI Bank stock has been an underperformer and has slipped 13.4 per cent year-till-date (YTD) till October 14 as compared to the NSE 500 index that lost 7.8 per cent during this period

Toronto-based firm to acquire 60.72% for ₹52,878 cr, trim stake to 26% over 15 years

The Union Government is also considering reviewing the fixed cost for two state-run and one cooperative urea manufacturing units along with others to bring the former on par with the latter

The project will cover 42 traffic corridors in three phases, using adaptive signals, automated enforcement and real-time information to manage congestion and improve road safety

Primus Partners says integrating Ayush into public health systems, insurance and primary care could help expand India's market to $213 billion by 2030 from $43 billion now

The CCEA has approved two railway expansion projects worth Rs 3,907 crore in Odisha and Jharkhand to enhance line capacity, ease congestion and improve freight movement

The ₹6,969-crore project will link the Dwarka Expressway with Vasant Kunj, easing congestion on key airport corridors and improving connectivity to South Delhi

The 117.7-km access-controlled corridor under the National Highways programme will cut travel time, improve freight movement and strengthen connectivity between Uttar Pradesh and Madhya Pradesh

The 8.1-km tunnel will connect Dwarka Expressway with Nelson Mandela Marg, improve connectivity across Delhi and generate over 17 lakh person-days of employment

Odisha coastal highway set to take off after a decade-long wait

The Cabinet has cleared Rs 23,437 crore rail multi-tracking projects across six states to enhance connectivity, reduce congestion, and boost freight capacity under PM Gati Shakti

CCEA hikes HPCL refinery cost, clears hydro projects and Kharif fertiliser subsidy in a series of key approvals

The Cabinet Committee on Economic Affairs on Wednesday approved the revised Scheme for Harnessing and Allocating Koyala Transparently in India (SHAKTI) for allocation of coal to the power sector to help them meet long-term and short-term coal requirement. The approval was given by the Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi, in a move aimed at simplification of the linkage process. The CCEA "has approved grant of fresh coal linkages to thermal power plants of central sector/state sector/independent power producers (IPPs)," the coal ministry said in a statement. With the introduction of Revised SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) Policy, two windows --- coal linkage to central gencos/states at notified price and coal linkage to all gencos at a premium above notified price -- have been proposed. The ministry further said 'under coal at notified price' segment the existing mechanism for grant of

The Union Cabinet has approved a Rs 11,440 crore revival plan for debt-laden Rashtriya Ispat Nigam Ltd (RINL), according to a statement released on Friday. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for RINL for Rs 11,440 crore, it added. The infusion includes Rs 10,300 crore as equity capital into RINL and conversion of Rs 1,140 crore working capital loan as 7 per cent non-cumulative preference share capital redeemable after 10 years to keep RINL as a going concern, the official statement said. With this revival package, many of the legacy problems that RINL used to face will be resolved, Information and Broadcasting Minister Ashwini Vaishnaw said. The equity infusion of Rs 10,300 crore into RINL will help it overcome the operational problems related to raising working capital and start blast furnace operations in the most productive way, the statement said. The revival package would allow the company t

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

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

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

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

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