Cabinet Committee on Economic Affairs (CCEA) Current Affairs - 2019

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Union Cabinet Approves Abolition of FIPB

The Union Cabinet has approved the abolition of 25 year old FIPB. Henceforth, concerned ministries will be responsible for direct approval of foreign investment proposals. The decision falls in line with Finance Minister Arun Jaitley’s proposal to scrap FIPB in this year’s Union Budget. FIPB was constituted in the mid-nineties under the Prime Minister’s Office following economic liberalisation. Rationale Read More…

Month:  Categories: Business, Economy & Banking

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Union Cabinet Approves Pharma Mission to Develop Bio-Pharmaceuticals

The Cabinet Committee on Economic Affairs (CCEA) has approved a collaborative mission between industry and academia called ‘Innovate in India empowering biotech entrepreneurs and accelerating inclusive innovation‘ that is aimed at accelerating research for early development of bio-pharmaceuticals.  Salient Highlights The mission would attract an investment of Rs 1,500 crore from the central government over a period of five Read More…

Month:  Categories: Government Schemes & Projects

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CCEA gives Approval to New Coal Linkage Policy

The Cabinet Committee on Economic Affairs (CCEA) has approved a new coal linkage policy to ensure adequate supply of the fuel to power plants through reverse auction. The new policy will help in ensuring fuel supplies to the power plants in an organised manner. Need Though, the government’s initiatives and prevailing market conditions to a large extent Read More…

Month:  Categories: Business, Economy & Banking

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Packaging of foodgrains & sugar in jute material mandatory: CCEA

The Cabinet Committee on Economic Affairs (CCEA) has made packaging of foodgrains & sugar in jute material mandatory for jute year 2014-15. In this regard CCEA mentioned that packaging with jute material will be mandatory for minimum 90 per cent of production in case of food grains and 20 per cent in case of sugar Read More…

Month:  Categories: Business, Economy & Banking

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CCEA nod to bring onion and potato under Essential Commodities Act, 1955

In a move that would empower the State governments to carry out de-hoarding operations, the Cabinet Committee on Economic Affairs (CCEA) approved the inclusion of onion and potato under the purview of stock holding limits under the Essential Commodities Act, 1955. This has been taken to deal with the problem of artificial scarcity of these Read More…

Month:  Categories: Constitution & Law

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CCEA approves opening of 54 new KVs in 12 FYP

The Committee on Economic Affairs (CCEA) approved the opening of 54 new Kendriya Vidyalayas (KVs) during the 12th Five Year Plan. The KVs are considered as model schools in terms of physical infrastructure, teaching resources, curriculum and academic performance.  New Kendriya Vidyalayas (KVs) Will be located in 53 districts in 17 States. Objective: To cater Read More…

Month:  Categories: Governance & Politics

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CCEA nod to convert 7,200 km of state roads to highways

The Cabinet Committee on Economic Affairs (CCEA) gave its nod to convert 7,200 Kms of states roads into national highways. Together with this, during the UPA regime, approx 17,000 km of the state highways converted into national highways. Also, the Cabinet decided to rename “Ennore Port” in Chennai as “Kamarajar Port”.  Note: National Highways Development Read More…

Month:  Categories: Places in News

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