Cabinet Committee on Economic Affairs (CCEA) Current Affairs - 2019
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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 commodities created by the hoarders which leads to increase in prices. It will also improve the availability of these commodities to the general public particularly vulnerable sections.
State Governments are now empowered to continue to conduct de-hoarding operations effectively under the Essential Commodities Act, 1955 by fixing stock limits/licensing requirements etc. in respect of these commodities especially in view of soaring prices.
The Essential Commodities Act, 1955 seeks to ensure the easy availability of essential commodities to consumers and to protect them from exploitation by dishonest traders. The Act enables regulation and control of production, distribution and pricing of commodities, which are declared as essential for maintaining or increasing supplies or for securing their equitable distribution and availability at fair prices. Various Ministries/ Departments of the Central Government and State Governments/Union Territory administrations exercise the powers of this act to issue Control Orders for regulating production, distribution, price and other aspects in relation to the commodities declared as essential.
Tags: Cabinet Committee on Economic Affairs (CCEA) • Current Affairs 2014 • Economy • IBPS • Socio-Economic
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 to the educational needs of children of transferable Central Government employees including defense and para-military personnel by providing a common programme of education.
- Cost of the project: Rs. 927.40 crore.
- These new KVs when fully functional will provide quality education to approximately 54,000 students in addition to 12 lakhs students already studying in the present KVs.
The CCEA also approved setting up of 3500 model schools in backward districts in the country to provide quality education.
Note: At present, there are 1094 functional Kendriya Vidyalayas including three in Moscow, Kathmandu and Tehran.