Cabinet Committee on Economic Affairs: News

13 Jul 2021

Narendra Modi

Modi reshuffles Cabinet Committees; Irani, Sonowal among new faces

After reshuffling the Union Cabinet last week, Prime Minister Narendra Modi on Tuesday rejigged Cabinet Committees, introducing several new faces.

21 Sep 2020

Narendra Modi

Government announces MSP hike amid protests over farm bills

Amid intense protests over the controversial farm bills, the Union Cabinet has approved an increase in Minimum Support Price (MSP) for Rabi crops for the 2021-22 season, Agriculture Minister Narendra Singh Tomar said in the Lok Sabha, today.

06 Jun 2019

India

Modi creates two cabinet committees to focus on jobs, economic-growth

Prime Minister Narendra Modi has finally addressed the elephant in the room. On Wednesday, he formed two Cabinet committees to look into job creation and slow economic growth- two issues which his government is facing in its second term.

In Aircel-Maxis case, Chidambaram named as accused in chargesheet

The Enforcement Directorate on Thursday named former Union Minister P Chidambaram as accused no. 1 in the Aircel-Maxis case. The senior Congress leader's son Karti and his accountant Bhaskar Raman were also mentioned in the chargesheet.

12 Sep 2018

Narendra Modi

Cabinet okays plan to electrify 13,000 route kilometers of rail-tracks

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved a proposal for electrification of the last leg of more than 13,000 route kilometers of railway tracks today, a statement from Railways Ministry said.

Aircel-Maxis: Chidambaram summoned by ED for second round of questioning

Former Finance Minister P Chidambaram today reached the ED headquarters in Delhi for the second round of questioning in the Aircel-Maxis case.

Aircel-Maxis: No arrest for Chidambaram till July-10, but summons tomorrow

Five days after former finance minister P Chidambaram sought relief in the Aircel-Maxis case, a Delhi court today granted him protection from arrest till July 10.

22 May 2018

India

India's busiest airports will outgrow their capacities this year

According to the documents accessed by the Hindustan Times through the RTI act, at least 25 of India's busiest airports are operating beyond capacity, while the rest will reach their optimal capacity in 2018-19.

19 May 2018

Narendra Modi

J&K: PM Modi arrives on a day-long visit

PM Narendra Modi arrived at Leh this morning on his day-long visit to the state after the Centre announced ceasefire during the holy month of Ramzan.

10 Apr 2018

Narendra Modi

PM Narendra Modi in Bihar: Three rail projects flagged off

Prime Minister Narendra Modi on Tuesday flagged off a train between Katihar and Old Delhi, dedicated to the nation a loco factory in Madhepura, and also laid the foundation of a track-doubling project in Bihar.

29 Mar 2018

Narendra Modi

Modi-govt to create 1cr new jobs on 12% pension incentive

The government hopes to create 1cr new jobs by bearing the entire 12% of the basic salary that employers are mandated to make towards the pension for the first three years for new employees.

28 Feb 2018

Delhi

Air India to hire 500 more cabin-crew staff by May

Disinvestment-bound Air India plans to hire 500 cabin crew members as the national carrier prepares to induct more aircraft and meet new regulatory requirements.

24 Feb 2018

Jayant Sinha

Air-India Sale: Government might sell it completely, shedding 100% stake

The Centre is mulling options for selling Air India completely, which include offloading 100% of its stake the debt-ridden national carrier.

21 Feb 2018

India

Govt. allows commercial coal mining by private-sector, ending Coal-India monopoly

The government has opened up commercial coal mining for the private sector, allowing Indian and foreign companies to bid for mines for commercial use - a major reform in the coal sector since its nationalization in 1973.

10 Jan 2018

Narendra Modi

Foreign airlines can invest up to 49% in Air India

Earlier, a parliamentary panel advised the government to defer Air India's (AI) privatization. They urged them to give 5yrs for AI's revival.

CBI: Karti tampered with evidence during visits abroad

The CBI has alleged in the SC that Karti Chidambaram, former FM P Chidambaram's son, has tampered with evidence related to an alleged corruption case by closing foreign bank accounts when he went abroad this year.

ED attaches Karti Chidambaram's assets worth Rs. 1.16 crore

The Enforcement Directorate (ED) has attached bank assets worth Rs. 1.16 crore belonging to Karti Chidambaram over the alleged money laundering in the Aircel-Maxis case.

15 Aug 2017

India

Air India gets Rs. 927 crore breather, banks shy away

The center has pumped in another Rs. 927 crore in Air India this month, keeping its promise of fund infusion made almost a decade ago.

25 May 2017

India

FIPB comes to an end to facilitate ease of business

The Union cabinet has okayed the abolition of 25-year-old Foreign Investment Promotion Board (FIPB), whose purpose was to vet Foreign Direct Investment (FDI) proposals in India, as most of the FDI money now comes via automatic routes.

14 May 2017

India

"Buy in India" to bolster Modi's "Make in India" initiative

Narendra Modi had his fair share of wins with the "Make in India" policy and is now going to usher "Buy in India" to safeguard the interest of Indian enterprises.

12 May 2017

India

Reliance Infra wins Rs. 2950 crore in arbitration against DMRC

The Delhi Airport Metro Express Private Limited, an arm of Reliance Infrastructure has been awarded Rs. 2950 crore in an arbitration settlement against DMRC.

ED sends notice to Karti Chidambaram for Forex violation

The Enforcement Directorate has issued a show-cause notice to M/s Advantage Strategic Consulting Private Limited and Karti Chidambaram for alleged forex violations of Rs. 45 crore during the sale of shares of a company to overseas investors.

ED submits report on Chidambaram's role in Aircel-Maxis case

The Enforcement Directorate has submitted its report on P Chidambaram's alleged violation of the Foreign Investment Promotion Board's rules in the Aircel-Maxis case.

24 Mar 2017

Narendra Modi

Oil, gas production sharing pacts get CCEA approval

The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi, approved a policy for extending the term of over two dozen pre-NELP (New Exploration Licensing Policy) oil and gas Production Sharing Contracts (PSC).

29 Oct 2016

NITI Aayog

Cabinet approves sale of PSUs

Recommended by the Indian government's think tank NITI Aayog, the Centre has authorized the strategic sales of stakes in PSUs.

19 Oct 2016

NITI Aayog

Centre may clear stakes in 20 PSUs

On Wednesday, the cabinet will expectantly move forward with their plan to cut majority stakes in 20 Public Sector Undertakings.

29 Sep 2016

NITI Aayog

Centre approves 1st strategic PSU sale in 12 years

The centre approved a strategic sale of Bharat Pumps and Compressors Limited, 12 years after it sold Jessop & Co through the same route.

27 Sep 2016

NITI Aayog

Centre to shut down 15 sick PSUs

Nearly 15 loss-making government companies are set to see closure, after the government gave the go-ahead for shutting them down.