Cabinet Committee on Economic Affairs (CCEA) Current Affairs, GK & News

Cabinet approves Rs 3 trn outlay for Power Reform scheme

Cabinet Committee on Economic Affairs (CCEA) has approved a Rs 3.03 trillion power distribution company (DISCOM) reform scheme on June 30, 2021. Under the scheme, Centre’s share will be about Rs 97,631 crore. About DISCOM reform scheme It is a reforms-based result-linked power distribution sector scheme. It will be applicable till 2025-2026. It was announced ..

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Govt approves hike in MSP for Copra

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved the Minimum Support Prices (MSPs) for milling copra and ball copra. Key Facts The government has increased the MSP of copra by ₹375 from 2020. Thus, the Copra would cost ₹10,335 per quintal and contributes in boosting the farmers’ income. ..

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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 ..

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Union Cabinet Approves Abolition of FIPB

The Union Cabinet has approved the abolition of 25 year old FIPB. Henceforth, concerned ministries will be responsible for direct approval of foreign investment proposals. The decision falls in line with Finance Minister Arun Jaitley’s proposal to scrap FIPB in this year’s Union Budget. FIPB was constituted in the mid-nineties under the Prime Minister’s Office following economic liberalisation. Rationale ..

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Union Cabinet Approves Pharma Mission to Develop Bio-Pharmaceuticals

The Cabinet Committee on Economic Affairs (CCEA) has approved a collaborative mission between industry and academia called ‘Innovate in India empowering biotech entrepreneurs and accelerating inclusive innovation‘ that is aimed at accelerating research for early development of bio-pharmaceuticals.  Salient Highlights The mission would attract an investment of Rs 1,500 crore from the central government over a period of five ..

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