Page 2 - Ccea

As part of strategic disinvestment, govt, LIC to sell stakes in IDBI Bank

Quantum of stake sale to be decided while structuring the transaction

Diamond in the rough: Why NINL is attracting interest from all the big boys

Why the sale of a loss-making public sector steel company, which has been closed for over a year, is attracting interest from all the big boys of the industry

Govt to snip red-tape in PSU sale approval, cut time frame by 90%

Proposals may directly go to CCEA for its nod

CCEA gives the green light to Rs 2,480 crore FDI into ATC Telecom

ATC Asia Pacific is buying about 12 per cent stock of ATC Telecom

CCEA okays Rs 1,810-cr investment for 210 MW hydropower project in Himachal

The Union Cabinet on Wednesday approved a proposal to invest Rs 1,810 crore for 210 MW Luhri Stage-I hydropower project on river Satluj in Himachal Pradesh. "The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the investment of Rs 1,810.56 crore for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj which is situated in Shimla and Kullu districts of Himachal Pradesh," an official statement said. This project will generate 758.20 million units of electricity annually, it added. The project is being implemented by Satluj Jal Vidyut Nigam Ltd (SJVNL) on Build-Own-Operate-Maintain (BOOM) basis with active support from the Government of India and the state government. The memorandum of understanding (MoU) of this project was signed with the Government of Himachal Pradesh during 'Rising Himachal, Global Investor Meet', held in November 2019. The Government of India is also supporting this project by providing grants of R

CCEA gives in-principle nod to demerger, strategic disinvestment of NSP

After the demerger, NSP will become a separate company and the managements of NMDC and NSP will be accountable for their respective operations and financial performance

Centre may raise ethanol procurement by Rs 2.5-3 per litre for 2020-21

The Cabinet Committee on Economic Affairs (CCEA) is expected to decide on the same soon, say sources

PowerGrid's asset monetisation via InvITs gets Cabinet go-ahead

PGCIL will become the first PSU to issue InVIT, and the asset size will be Rs 7,000 crore

Cabinet expands lending limits for power discoms to help them clear dues

Discoms can borrow only up to 25% of last year's working capital, under UDAY; This has now been relaxed for a one-time lending and would help discoms that have exhausted borrowing limits

Centre raises MSP of 17 kharif crops; further revises MSME definition

Medium units' turnover limit hiked to Rs 250 crore

Top headlines: Govt's income support plan, manufacturing halts, and more

From e-commerce firms set to resume work amid Covid-19to govt asking car manufacturers to explore ventilator production, Business Standard brings you the top headlines of the day

CCEA approves Rs 1,340-cr recapitalisation for weak regional rural banks

This is, in a way, an extension of the recapitalisation plan that was to end this financial year (April 2019 to March 2020, of FY20)

CCEA okays formation of 10,000 FPOs by 2024 with Rs 4,496 crore outlay

The scheme also envisages a further committed liability of Rs 2,369 crore for 2024-25 to 2027-28 period towards hand-holding of each FPO for five years from its aggregation and formation

Centre approves Rs 5,600-cr for 1,656 km-long North East Gas Grid

The eight states are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura

Unclogging the liquidity flow

While easing procedures against arbitration awards helps, more needs to be done to boost infra

The big push, finally

Strategic sale decision welcome; should have come earlier

Biggest privatisation drive: Here's how govt plans strategic sale of 5 PSUs

The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year

Cabinet panel to soon take up proposal to pare majority govt stake in PSUs

BPCL will be a key to achieving the divestment target, of which only Rs 17,364 crore is met so far

Govt depts again asked to implement Cabinet panel decisions within deadline

Cabinet Secretary Rajiv Gauba said the progress report should also be reported regularly on the eSamiksha portal of the government

CCEA may consider govt's stake cut in some PSUs to below 51% next week

This move is different from privatisation as the Centre will continue to hold a majority stake in these companies and they will still be classified as public sector enterprises