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Mandaviya stresses on reduction in chemical fertilizers; need to promote alternative fertilisers The chemical and fertiliser minister Mansukh Mandaviya has said that the excessive use of chemical fertilisers affects soil fertility and also has side effects on human and animal health. He also stressed on the need to promote alternative fertilisers like nano liquid urea and nano liquid Di-ammonium phosphate (DAP), organic farming and natural farming. He said there are no negative impact of nano-fertilisers and farmers will not adopt if it does not help in boosting production.  The ...
Mandaviya stresses on reduction in chemical fertilizers; need to promote alternative fertilisers
Mandaviya stresses on reduction in chemical fertilizers; need to promote alternative fertilisers
Source: Accord Fintech
10/07/2023 11:39:05 AM
CCEA approves revised domestic gas pricing guidelines With an aim to ensure stable pricing regime for domestic gas consumers, the Cabinet Committee on Economic Affairs (CCEA) has approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of ONGC/OIL, New Exploration Licensing Policy (NELP) blocks and pre-NELP blocks, where Production Sharing Contract (PSC) provides for Government's approval of prices. The new guidelines will also provide adequate protection to producers from adverse market fluctuatio...
CCEA approves revised domestic gas pricing guidelines
CCEA approves revised domestic gas pricing guidelines
Source: Accord Fintech
10/04/2023 1:02:22 PM
Government approves new gas pricing formula, to cap prices of piped cooking gas The government on Thursday approved a new gas pricing formula to cap prices of piped cooking gas, based on the recommendations of the Kirit Parikh committee on natural gas. "As per the decision taken by the Cabinet Committee on Economic Affairs (CCEA), natural gas produced from legacy or old fields, known as administered pricing mechanism (APM) gas, will now be indexed to crude oil price, instead of pricing it based on gas prices in surplus nations such as the US, Canada, and Russia,&...
Government approves new gas pricing formula, to cap prices of piped cooking gas
Government approves new gas pricing formula, to cap prices of piped cooking gas
Source: IANS
7/04/2023 8:51:24 AM
Cabinet approves exemption to NTPC to invest in NTPC Green Energy The Cabinet Committee on Economic Affairs (CCEA) on Friday granted exemption to NTPC Ltd for making investment in NTPC Green Energy Ltd (NGEL), it's wholly-owned subsidiary. The CCEA also exempted NGEL's investment in NTPC Renewable Energy Ltd (NREL) and its other joint ventures and subsidiaries, subject to a ceiling of 15 per cent of its net worth beyond the monetary ceiling of Rs 5,000 crore to Rs 7,500 crore, towards achieving a target of 60 GW renewable energy (RE) capacity by ...
Cabinet approves exemption to NTPC to invest in NTPC Green Energy
Cabinet approves exemption to NTPC to invest in NTPC Green Energy
Source: IANS
18/03/2023 10:06:36 AM
Cabinet approves listing of IREDA through IPO route The Union Cabinet on Friday approved listing of Indian Renewable Energy Development Agency Ltd (IREDA) on stock exchanges through an initial public offer (IPO) by part sale of government's stake in the public sector entity. The aim is to raise funds through issue of fresh equity shares by the IREDA, official sources said. Department of Investment and Public Asset Management (DIPAM) will drive the listing process, the sources added. This decision supersedes the earlier Cabinet Com...
Cabinet approves listing of IREDA through IPO route
Cabinet approves listing of IREDA through IPO route
Source: IANS
18/03/2023 9:51:10 AM
NHPC gains on getting approval for Dibang Multipurpose Project in Arunachal Pradesh NHPC is currently trading at Rs. 38.50, up by 0.20 points or 0.52% from its previous closing of Rs. 38.30 on the BSE. The scrip opened at Rs. 38.95 and has touched a high and low of Rs. 39.15 and Rs. 38.45 respectively. So far 232678 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.90 on 27-Oct-2022 and a 52 week low of Rs. 27.05 on 28-Feb-2022. Last one week high and low of the scrip stood at Rs. 39.40 and R...
NHPC gains on getting approval for Dibang Multipurpose Project in Arunachal Pradesh
NHPC gains on getting approval for Dibang Multipurpose Project in Arunachal Pradesh
Source: Accord Fintech
28/02/2023 3:28:22 PM
Cabinet gives nod to development of container terminal at Tuna-Tekra, Deendayal Port The Cabinet Committee on Economic Affairs on Wednesday approved development of Container Terminal at Tuna-Tekra, Deendayal Port under the Public-Private-Partnership (PPP) mode. The estimated cost of Rs 4,243.64 crore will be on the part of the Concessionaire and an estimated cost of common user facilities of Rs 296.20 crore will be on the part of the Concessioning Authority toward development of common user facilities. The project will cater to the future growth in Container Cargo traff...
Cabinet gives nod to development of container terminal at Tuna-Tekra, Deendayal Port
Cabinet gives nod to development of container terminal at Tuna-Tekra, Deendayal Port
Source: IANS
13/10/2022 10:32:35 AM
Centre approves provision of pulses to states at discounted rates The Centre on Wednesday approved the disposal of chana (pulses) to states at discounted rates, for usage in various welfare schemes. This provision would be done through the stock of pulses procured under Price Support Scheme (PSS) and Price Stabilisation Fund (PSF). The approval for the proposal was given during the meeting of the Cabinet Committee on Economic Affairs, which met earlier in the day. The ceiling for procurement under PSS has been enhanced from the existing 25 per cent...
Centre approves provision of pulses to states at discounted rates
Centre approves provision of pulses to states at discounted rates
Source: IANS
31/08/2022 1:43:03 PM
Government approves sugarcane FRP of Rs 305 per quintal for FY23 season The Cabinet Committee on Economic Affairs (CCEA) have approved the Fair and Remunerative Price (FRP) of sugarcane for sugar marketing year 2022-23 (October-September) at Rs 305 per quintal for a basic recovery rate of 10.25 per cent. A premium of Rs 3.05 per quintal has been provided for each 0.1 per cent increase in recovery over and above 10.25 per cent, while there will be a reduction in FRP by Rs 3.05 per quintal for every 0.1 per cent decrease in recovery. Aiming to protect interes...
Government approves sugarcane FRP of Rs 305 per quintal for FY23 season
Government approves sugarcane FRP of Rs 305 per quintal for FY23 season
Source: IANS
4/08/2022 9:29:26 AM
Cabinet approves deregulation of sale of domestic crude oil The Union Cabinet's Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved deregulation of sale of domestically-produced crude oil. As per the decision, the government has decided to cease allocation of crude oil and condensate with effect from October 1, to ensure marketing freedom for all Exploration and Production (E&P) operators. The condition in the production sharing contracts (PSCs) to sell crude oil to government or i...
Cabinet approves deregulation of sale of domestic crude oil
Cabinet approves deregulation of sale of domestic crude oil
Source: IANS
29/06/2022 6:17:52 PM
PSUs to be provided one-time window to surrender non-operational coal mines The Centre will provide a one-time window to the Central and state PSUs to surrender non-operational coal mines without penalty, according to a decision taken by the Cabinet Committee on Economic Affairs (CCEA). Accordingly, the decision may release several coal mines which the present government PSU allottees are not in a position "to develop or are disinterested" and "could be auctioned as per the present auction policy". "A three months' time will be gran...
PSUs to be provided one-time window to surrender non-operational coal mines
PSUs to be provided one-time window to surrender non-operational coal mines
Source: IANS
8/04/2022 7:28:21 PM
CCEA approves Rs 6,062.45 crore World Bank-assisted programme for MSMEs The Cabinet Committee on Economic Affairs (CCEA) has approved the Rs 6,062.45 crore or $808 million 'Raising and Accelerating MSM Performance' (RAMP) for the micro, small and medium enterprises (MSMEs) to help improve their access to market and credit. RAMP will commence in FY23. Of the total outlay under the programme, Rs 3,750 crore ($500 million) will come from World Bank loan, and the remaining Rs 2,312.45 crore will be funded by the central government. RAMP will work under the Mi...
CCEA approves Rs 6,062.45 crore World Bank-assisted programme for MSMEs
CCEA approves Rs 6,062.45 crore World Bank-assisted programme for MSMEs
Source: Accord Fintech
31/03/2022 12:20:27 PM
Cabinet approves hike in MSP of raw jute for 2022-23 season The Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved the minimum support price (MSP) for raw jute for 2022-23 season at Rs 4,750 per quintal, an increase of Rs 250 over previous year. "The approval is based on recommendations of the Commission for Agricultural Costs and Prices (CACP). This would ensure a return of 60.53 per cent over all India weighted average cost of production. The announced MSP of raw jute for 2022-23 season is in line with the principle of fixing t...
Cabinet approves hike in MSP of raw jute for 2022-23 season
Cabinet approves hike in MSP of raw jute for 2022-23 season
Source: IANS
22/03/2022 5:35:26 PM
Centre extends investment policy 2012 for 3 units of Hindustan Urvarak & Rasayan The Cabinet Committee on Economic Affairs has approved the proposal of the Department of Fertilisers for extension of applicability of the 'New Investment Policy (NIP)- 2012' for the three units of Hindustan Urvarak and Rasayan (HURL) at Gorakhpur, Sindri and Barauni. The Centre had announced 'New Investment Policy (NIP) - 2012' on January 2, 2013 and its amendment on October 7, 2014 to facilitate fresh investments and make the country self-sufficient in the urea sector. ...
Centre extends investment policy 2012 for 3 units of Hindustan Urvarak & Rasayan
Centre extends investment policy 2012 for 3 units of Hindustan Urvarak & Rasayan
Source: IANS
22/03/2022 5:27:52 PM
Cabinet approves Rs 1,500cr worth equity infusion in IREDA The Cabinet Committee on Economic Affairs on Wednesday approved the equity infusion of Rs 1,500 crore in Indian Renewable Energy Development Agency Limited (IREDA). IREDA is a mini ratna (Category-1) company under the administrative control of Union Ministry of New and Renewable Energy, which was set up in 1987 to work as a specialised non-banking finance agency for the renewable energy sector. The infusion is expected to help in generating employment of approximately 10,200 jobs-year a...
Cabinet approves Rs 1,500cr worth equity infusion in IREDA
Cabinet approves Rs 1,500cr worth equity infusion in IREDA
Source: IANS
19/01/2022 7:32:53 PM
PM Krishi Sinchayee Yojana gets extension with Rs 93,068 cr funds assured The Cabinet Committee on Economic Affairs (CECA) on Wednesday approved implementation of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2021-26 with an outlay of Rs 93,068 crore. The CCEA has approved central support of Rs 37,454 crore to states and Rs 20,434.56 crore of debt servicing for loan availed by Government of India for irrigation development during PMKSY 2016-21, a cabinet release said. The cabinet - chaired by Prime Minister Narendra Modi - approved the Accelerated Irriga...
PM Krishi Sinchayee Yojana gets extension with Rs 93,068 cr funds assured
PM Krishi Sinchayee Yojana gets extension with Rs 93,068 cr funds assured
Source: IANS
15/12/2021 5:28:02 PM
Government continues price rollover of P&K fertilizers till March 2022 The Cabinet Committee on Economic Affairs (CCEA) on Thursday announced that the increased prices of Phosphatic and Potassic (P&K) fertilizers approved earlier shall be rolled over for the whole of 2021-22. The increased prices, vide notification dated May 20 this year, would be applicable from October 1 till March 31, 2022, the CCEA, chaired by Prime Minister Narendra Modi, decided. "The increased international prices of Diammonium phosphate (DAP) have been absorbed by the Unio...
Government continues price rollover of P&K fertilizers till March 2022
Government continues price rollover of P&K fertilizers till March 2022
Source: IANS
14/10/2021 3:31:29 PM
Cabinet approves nutrient-based subsidy rates for phosphatic & potassic fertilisers for FY22 The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved nutrient-based subsidy rates for phosphatic & potassic fertilisers for FY22. Net subsidy for the rabi season to be at Rs 28,665 crore. This will enable smooth availability of all P&K fertilizers to the farmers during Rabi Season 2021-22 at the subsidised / affordable prices of fertilizers and support the agricultural sector by continuing the present subsidy levels and giving spec...
Cabinet approves nutrient-based subsidy rates for phosphatic & potassic fertilisers for FY22
Cabinet approves nutrient-based subsidy rates for phosphatic & potassic fertilisers for FY22
Source: Accord Fintech
13/10/2021 11:04:55 AM
Revival package for NE agri-marketing corporation announced The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a package of Rs 77.45 crore for the revival of North Eastern Regional Agricultural Marketing Corporation Limited (NERAMAC). The revival package would ensure remunerative prices for the farmers of the northeastern region for their products and also generate direct and indirect employment opportunities for about 33,000 persons, a release said. Of the Rs 77.45 crore, Rs 17 crore would be towards fund-based support and R...
Revival package for NE agri-marketing corporation announced
Revival package for NE agri-marketing corporation announced
Source: IANS
19/08/2021 10:42:43 AM
Cabinet approves strategic disinvestment of IDBI Bank The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd. The extent of respective shareholding to be divested by the GoI and LIC, shall be decided at the time of structuring of transaction in consultation with the RBI, said an official statement. The Government of India (GoI) and the LIC together own more than 94 per cent of equity of IDBI Bank, with the Centre holding 45....
Cabinet approves strategic disinvestment of IDBI Bank
Cabinet approves strategic disinvestment of IDBI Bank
Source: IANS
5/05/2021 5:44:57 PM