The Union government has set up the Cabinet Committee on Investments (CCI) with the Prime Minister as the Chairman to promote accelerated and time bound decisions on grant of various licenses, permissions and approvals for implementation of projects.
The CCI does not receive any investment proposal for approval. It merely seeks to expedite decisions on approvals/clearances, said the Union Minister of State for Finance, Namo Narain Meena, in a written reply to a question in the Lok Sabha recently.
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