The proposal of ONGC Videsh (OVL) to pick up the 2.7213 per cent stake of US energy major Hess Corp in the Azerbaijan oilfield received approval from the Cabinet Committee on Economic Affairs (CCEA). According to the plan, OVL would invest $ 1.001 billion to buy 2.7213 per cent stake of the above mentioned firm in Azeri, Chirag and the deep water porti
Tag: Cabinet Committee on Economic Affairs
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nod for 2 road projects
The Union Cabinet approved proposals for two highway projects worth over Rs 5,000 crore. The Rs 2,015.6 crore highway project in Bihar will be implemented with financial assistance from Japan. The other one is four-lane 368.2-km-stretch in Odisha. The Cabinet Committee on Economic Affairs (CCEA) also approved the implementation to four-lane the Patna-Gaya-Dobhi section in Bihar with Japan International Cooperation Agency (JICA) loan assistance.
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CCEA to decide budget allocation for PPP projects
Cabinet Committee on EcĂÂoĂÂnomic Affairs (CCEA) would decide on the proposal to prescribe a suitable cap on budgetary allocations for annuity payments for the PPP projects.If the proposal is cleared, government would set a timeline till which future budgetary options can be foreclosed for making payment to the concessionaire for financing, construction, operation and maintenance of a PPP project.
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CCEA clears proposal to cap annuity allocation for PPP projects
The Cabinet Committee on Economic Affairs has approved the recommendations made by the Inter-Ministerial Task Force under the chairmanship of Member (BK Chaturvedi), Planning Commission on budgetary ceilings for annuity commitments under Public Private Partnership (PPP) projects across sectors. The recommendation of the committee would ensure that future budgetary options do not get restricted due to a
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Ishar Gasoil loses oil and gas blocks
Ishar Gasoil, which bid for three oil and gas blocks under the ninth round of the New Exploration Licensing Policy (NELP), failed to secure these blocks as the Cabinet Committee on Economic Affairs (CCEA) rejected them. Owing to the companyĂâs negative net worth, its bids for the blocks RJ-ONN-2010/1, GV-ONN-2012/1 and
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Cabinet panel clears 10% stake sale in HAL
The Cabinet Committee on Economic Affairs has cleared the sale of 10 per cent equity of the government in Hindustan Aeronautics (HAL) through an initial public offering (IPO) in the domestic
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.