Page-5 of Cabinet Committee on Economic Affairs (CCEA) Current Affairs, GK & News

Govt allowed CIL to pump gas from CBM mines

The Cabinet Committee on Economic Affairs (CCEA) allowed state-owned Coal India Ltd (CIL) to pump methane gas trapped in coal beds of its existing mines. This move will open a new revenue stream for the world’s largest coal miner and help unlock several mines that have remained out of bounds because of the presence of ..

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CCEA allowed RIL Higher Gas Prices in Lieu of Bank Guarantee

The Cabinet Committee on Economic Affairs (CCEA) allowed Reliance Industries Ltd (RIL) to sell natural gas at the revised doubled price from April, 2014 provided the firm gave a bank guarantee. The contractor would be allowed to sell D1 and D3 (fields) gas at revised prices from April 1, 2014. The sale would be permitted ..

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CCEA approved Rs 6,600 cr interest-free loans for sugar mills

The Cabinet Committee on Economic Affairs (CCEA) approved Rs 6,600 Crore interest-free loans to cash-starved sugar mills in order to make payments to cane farmers. The interest subvention will be 12%, which will be borne by the Sugar Development Fund. The loans provided by banks to sugar mills are solely for making payments to sugarcane ..

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CCI gives nod to Jet-Etihad acquisition deal

Competition Commission of India (CCI) approved the proposed 24% stake acquisition in the Naresh Goyal–led Indian carrier Jet Airways by Abu Dhabi based Etihad airlines. The deal will become the first-ever FDI in an Indian carrier by an overseas airline.  The deal has already been approved by SEBI, Foreign Investment Promotion Board (FIPB) and Cabinet ..

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CCEA approves PGCIL follow-on public offer

Providing a significant impetus to the government’s disinvestment programme to raise Rs.40,000 crore in this fiscal (2013-14), Cabinet Committee on Economic Affairs (CCEA) gave its approval for the Follow-on Public Offer (FPO) of Power Grid Corporation of India Limited (PGCIL) to raise about Rs.7,500 crore. PGCIL will issue its 17% stake through FPO. This includes ..

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