Page-3 of Current Affairs - September, 2013

Union Government sets up Committee for evaluation of research and rankings

In the wake of India’s low performance in the rankings of higher educational institutions in world, the Union Government of India formed a committee under the chairmanship of K. Vijay Raghavan, Secretary of Department of Biotechnology for evaluation of research and rankings by promoting healthy competition among institutions, departments and individual researchers. What would the ..

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CCEA approves Petroleum Ministry’s proposal on shale gas exploration and exploitation

The proposal of the Ministry of Petroleum and Natural Gas on the policy on exploration and exploitation of shale gas and oil by National Oil Companies (NOCs) on acreages under the nomination regime has been approved by the Cabinet Committee on Economic Affairs. How the policy on exploration/exploitation of shale gas by NOCs would help? ..

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CCEA approves construction of Rajaswa Bhawan as the National Tax Headquarters

The Cabinet Committee on Economic Affairs (CCEA approved the construction of the Rajaswa Bhawan as the National Tax Headquarters at Kasturba Gandhi Marg, New Delhi at an estimated cost of Rs 485.16 crore. Objective: To decongest North Block and consolidate the establishment of Central Board of Direct Taxes (CBDT) and the Central Board of Excise and ..

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CCEA approves auction methodology for Coal Block Auction

Cabinet Committee on Economic Affairs (CCEA) has given approval to the policy for auction by competitive bidding of the coal blocks which aims to ensure greater transparency and will pave the way for the government to auction explored blocks. The policy provides for: Auctioning the fully explored coal blocks providing for upfront and production-linked payments ..

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CCEA takes steps for operationalisation of IDFs

The Cabinet Committee on Economic Affairs (CCEA) has taken the following steps to promote the operationalisation of Infrastructure Debt Funds (IDFs). The annual Guarantee Fee payable to the Concession Authority has been capped at 0.05% per annum, of outstanding debt financed by the IDF NBFCs (Non Banking Financial Companies) for the first 3 years of ..

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