Cabinet approves mega projects to boost confidence

NEW DELHI (Reuters) - India's cabinet has approved infrastructure projects worth 1.83 trillion Indian rupees, Finance Minister P. Chidambaram said on Tuesday, part of a government drive to fast-track clearances and win back investor confidence.

A cabinet panel cleared 18 power projects at a cost of 830 billion rupees, Chidambaram told a news conference.

($1 = 64.4850 rupees)

(Editing by Sanjeev Miglani)