CCEA Current Affairs - 2020

Revision of interest subvention under Diary Processing and Infrastructure Development Fund from 2% to 2.5%

The Cabinet Committee on Economic Affairs recently approved its revision of interest subvention rates from 2% to 2.5% per annum. This is being done under Diary Processing and Infrastructure Development Fund (DIDF). Highlights Under the DIDF, GoI will now provide interest subvention up to 2.5% to NABARD till 2030. This shall enable NABARD in devising Read More…

Cabinet approves transfer of Assam Gas Cracker Project to oil ministry

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the transfer of administrative control of Brahmaputra Cracker and Polymer Limited (BCPL), the Central Public Sector Undertaking (CPSU) implementing Assam Gas Cracker Project (AGCP) from Department of Chemicals & Petrochemicals (under Union Ministry of Chemicals and Fertilisers) to Union Ministry Read More…

Cabinet approves extension of norms for mandatory packaging in jute materials

Cabinet Committee on Economic Affairs (CCEA) has accorded its approval for mandatory packaging of foodgrains and sugar in jute material for Jute Year 2019-20. The scope of mandatory packaging norms under Jute Packaging Material (JPM) Act, 1987 has been retained by Union Government as per 2018. Cabinet decision mandates that 100% of food grains and Read More…

Authorised capital of Food Corporation of India increased to Rs.10000 cr from Rs.3500 cr

Cabinet Committee on Economic Affairs (CCEA) approved increasing authorized capital of Food Corporation of India (FCI) from existing Rs.3,500 crore to Rs.10,000 crore. CCEA was chaired by Prime Minister Narendra Modi. Key Highlights FCI’s operations require maintaining perpetual stock of foodgrains which needs to be funded by government of India through equity or via long Read More…

Cabinet approves loan waiver of worth Rs.4 Cr against Sikkim Mining Corporation

Cabinet Committee on Economic Affairs (CCEA) has approved waiver of repayment of loan and interest thereon, of nearly worth Rs.4 crore outstanding against Sikkim Mining Corporation (SMC) including interest accrued on total amount from 1 April 2019, till this approval outstanding against SMC. CCEA is chaired by Prime Minister Narendra Modi. Benefit: Further, accumulation of Read More…