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 ..

Month: Current Affairs - February, 2020

Category: India Nation & States Current Affairs

Topics: Cabinet Committee on Economic Affairs (CCEA) • CCEA • Diary Industry • Diary Sector • milk production • NABARD • National.CCEA

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 ..

Month: Current Affairs - May, 2017

Topics: Business • Cabinet Committee on Economic Affairs (CCEA) • Economy • National • Union Cabinet

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 ..

Month: Current Affairs - May, 2017

Topics: Cabinet Committee on Economic Affairs (CCEA) • Cabinet Decisions • National

CCEA gives Approval to New Coal Linkage Policy

The Cabinet Committee on Economic Affairs (CCEA) has approved a new coal linkage policy to ensure adequate supply of the fuel to power plants through reverse auction. The new policy will help in ensuring fuel supplies to the power plants in an organised manner. Need Though, the government’s initiatives and prevailing market conditions to a large extent ..

Month: Current Affairs - May, 2017

Topics: Cabinet Committee on Economic Affairs (CCEA) • Coal Sector • Economy • National

Packaging of foodgrains & sugar in jute material mandatory: CCEA

The Cabinet Committee on Economic Affairs (CCEA) has made packaging of foodgrains & sugar in jute material mandatory for jute year 2014-15. In this regard CCEA mentioned that packaging with jute material will be mandatory for minimum 90 per cent of production in case of food grains and 20 per cent in case of sugar ..

Month: Current Affairs - January, 2015

Topics: Cabinet Committee on Economic Affairs (CCEA) • Current Affairs 2016 • Jute Corporation of India (JCI)