Cabinet Committee on Economic Affairs: GK, General Studies and Current Affairs

GoI increases Minimum Support Price of Rabi Crops

On September 21, 2020, the Government of India increased the Minimum Support Price of rabi crops. The MSP of wheat has been increased by Rs 50 per quintal. The other crops are Chana, Mustard, Safflower and Masoor. Highlights The key decision to increase MSP was taken at the meeting of Cabinet Committee on Economic Affairs. ..

Borrowing limits fixed by UDAY of state government owned Power Discoms relaxed

The Cabinet Committee on Economic Affairs (CCEA) has come up with the approval of the one-time relaxation of the borrowing limits for the state government-owned Discoms. Key highlights The decision has been taken against the stress of discoms being unable to avail the Rs. 1.25 lakh crore dues to the generation and transmission companies. Previously ..

CCEA approves increase in FRP of Sugarcane by Rs 10 for 2020-21

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal made by the food ministry to increase the Fair and Remunerative Price (FRP) by Rs 10 for the next marketing year, starting in October 2020. The FRP of Sugarcane will increase from 275 to 285 per quintal. The initiative has been taken after the ..

CCEA approves removal of ambiguities in Modified NPS-III

The Cabinet Committee on Economic Affairs has recently approved the proposal of Department of fertilizers to remove ambiguities in the Modified New Pricing Scheme -III (NPS-III) in determining the fixed costs for the urea units. The Modified NPS-III was notified on 2nd April, 2014 but it has not been implemented. This approval will result in ..

CCEA approves setting up of National Technical Textiles Mission

The Cabinet Committee on Economic Affairs chaired by the Indian Prime Minister approved to set up a National Technical Textiles Mission with a total outlay of ₹1,480 crore. The Mission will have a 4-year implementation period from 2020-21 to 2023-24. The Mission aims at enhancing the export of technical textiles from the current value of ₹14,000 ..