CCEA Current Affairs, GK & News

Sale of Hindustan Zinc stake

The Union Cabinet Committee on Economic Affairs (CCEA) has approved the sale of the government’s remaining stake of 29.5% in Hindustan Zinc Limited (HZL). At the current market price, the sale of the government’s 29.5% stake will fetch the government Rs 38,062 crore. Why government is selling its stake in Hindustan Zinc? The sale of ..

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CCEA grants Rs 8,000 crore rupees for continuation and revamping of Infrastructure Viability Gap Funding

On November 12, 2020, the Cabinet Committee on Economic Affairs had approved the Continuation and Revamping of the Scheme for Financial Support to Public Private Partnership in Infrastructure Viability Gap Funding Scheme till 2024-25. Key highlights The main objective of the scheme is to promote PPP (Public-Private Partnership) in social and economic infrastructure for proper ..

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National Technical Textiles Mission

To improve India’s standing in the technical textiles sector, the CCEA has approved the establishment of a National Technical Textiles Mission. What is the National Technical Textiles Mission? The National Technical Textiles Mission is a plan to improve India’s standing in the technical textiles sector. It is to have an outlay of 1,480 crore INR ..

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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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Cabinet approves transfer of Assam Gas Cracker Project to oil ministry

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the transfer of administrative control of Brahmaputra Cracker and Polymer Limited (BCPL), the Central Public Sector Undertaking (CPSU) implementing Assam Gas Cracker Project (AGCP) from Department of Chemicals & Petrochemicals (under Union Ministry of Chemicals and Fertilisers) to Union Ministry ..

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