CCEA Current Affairs - 2019

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NHPC to acquire Lanco Teesta Hydro Power Ltd (LTHPL)

The Cabinet Committee on Economic Affairs (CCEA) has approved the acquisition of debt-laden Lanco’s 500 MW Teesta hydro-electric power project in Sikkim by state-owned NHPC. Taking over of Lanco Teesta Hydro Power Ltd NHPC will take over debt-laden Lanco’s 500 MW Teesta hydro-electric power project for Rs 907 crore in Sikkim. CCEA has sanctioned the Read More…

Month:  Categories: Business, Economy & Banking

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CCEA approves Pradhan Mantri JI-VAN Yojana

The Cabinet Committee on Economic Affairs has approved the “Pradhan Mantri JI-VAN (Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran) Yojana” under the Ministry of Petroleum & Natural Gas to provide financial support to Integrated Bioethanol Projects using lignocellulosic biomass and other renewable feedstock. Pradhan Mantri JI-VAN The scheme aims to incentivise 2G Ethanol sector and Read More…

Month:  Categories: Government Schemes & ProjectsUPSC

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CCEA Approves Phase 2 of FAME Scheme

The Cabinet Committee on Economic Affairs (CCEA) has approved Rs 10,000 crore package over three years till 2022 for the second phase of Faster Adoption & Manufacturing of Electric (and hybrid) vehicles (FAME) scheme. FAME II Scheme The FAME scheme is aimed at encouraging faster adoption of Electric and hybrid vehicle by way of offering Read More…

Month:  Categories: Government Schemes & ProjectsUPSC

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CCEA approves launch of KUSUM scheme

The Cabinet Committee on Economic Affairs (CCEA) has approved the launch of KUSUM, Kisan Urja Suraksha evam Utthaan Mahabhiyan scheme. The scheme aims to provide financial and water security to farmers through harnessing solar energy capacities of 25.75 gigawatts (GW) by 2022. Component of the Scheme The scheme has three components: 10,000 megawatt (MW) of decentralised Read More…

Month:  Categories: Government Schemes & ProjectsUPSC

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Government Approves Continuation of CLCS-TUS Scheme for MSMEs

The Cabinet Committee on Economic Affairs (CCEA) has approved a three-year extension of the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) for Micro, Small and Medium Enterprises (MSME) with a total outlay of 2,900 crores on 13th February 2019. This scheme will continue beyond the 12th Five Year Plan for three years from Read More…

Month:  Categories: Government Schemes & ProjectsUPSC

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CCEA approves setting up of Eklavya Model Residential Schools

The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the revamped Eklavya Model Residential Schools (EMRSs) scheme. Under this, Eklavya Model Residential Schools (EMRSs) will be set up in every block where Scheduled Tribes population is more than 50% and has at least 20,000 tribal persons. A budget of Rs. 2,242 crore during 2018-19 and Read More…

Month:  Categories: Governance & Politics

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CCEA approves strategic sale of Rural Electrification Corporation

Cabinet Committee on Economic Affairs (CCEA) has given its in principle approval for strategic sale of Central Government’s existing 52.63% of total paid up equity shareholding in Rural Electrification Corporation (REC) to Power Finance Corporation (PFC) along with transfer of management control. Both REC and PFC are Central Public Sector Enterprises under the Ministry of Read More…

Month:  Categories: Business, Economy & Banking

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