The Cabinet Committee on Economic Affairs (CCEA) has given approval to three highway projects in Haryana, Uttar Pradesh and Maharashtra. These three highway projects with total length of more than 300 km, have an estimated cost of Rs 5529 crore.
Tag: CCEA
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Gazing into the Big Budget
The industry estimates that falling crude oil prices, lower fuel subsidies along with recent diesel tax hikes could together add almost Rs 1.1 trillion to the Union Budget. And with the government planning to spend about $8 billion of that on infrastructure and manufacturing activities, the infrastructure sector is looking at a brighter year ahead.
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Opportunities in the cold chain sector
It remains to be seen if the National Food Processing Policy will help reduce wastage of perishables and improve the supply situation.
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Transforming Punjab
The first-ever Progressive Punjab Investors Summit attracted commitments worth Rs 65,000 crore, but infrastructure enablement will be a critical factor in realising those investments.
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Gas-fired power projects seek policy sops
The cabinet will consider a proposal to subsidise gas-based power plants to prevent electricity from becoming too costly. The power ministry has circulated a draft note for the cabinet committee on economic affairs (CCEA) for improving the viability of gas-based power generation, which seeks approval to allocate financial subsidy by the government to address the issue of substantial increase in the price of domestic natural gas.
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JNPT road project approved
A project to upgrade a road to Jawaharlal Nehru Port (JNPT) in Mumbai has been approved by the Union Government. The road project involves a total expenditure of Rs 1,943.37 crore.
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CCEA clears new definition of control under FDI policy
The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing definition of "control" under the FDI policy. The revised definition will be as follows: Until now, the definition of "control", in the extant FDI policy is as under: "A company is considered as "controlled" by resident Indian citizens if the resident India
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Industry players welcome price revision
Finance Minister P Chidambaram expressed hope that the government's move to raise natural gas price would encourage investment and production in the natural gas sector. Recently, the Cabinet Committee on Economic Affairs (CCEA) almost doubled natural gas prices to $8.4 per million British thermal unit (mBtu) with effect from April 2014 and applicable for the next five years with a price
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CCEA clears proposal to hike gas price to $8.4 per unit
On the basis of the suggestions made by the Rangarajan committee, the Cabinet Committee on Economic Affairs (CCEA) decided to raise the price of domestic natural gas, from $4.2 to $8.4 a million British thermal unit (mBtu), from April 2014. Once the new price is adopted, it would be revised on a quarterly basis for a period of five years, reports indicate
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Panel to clear highway projects less than Rs 5 bn
Highway projects worth costing less than Rs 500 crore may be approved by the Standing Finance Committee chaired by the union road transport and highways secretary. A proposal to this effect was approved by the Cabinet Committee on Economic Affairs (CCEA) recently. A statement released by CCEA said the committee will clear all p