Free Press Journal
  • CCEA approves 100% electrification of railway tracks

    New Delhi: Railway Minister Piyush Goyal on Wednesday said the Cabinet Committee on Economic Affairs (CCEA) has approved 100 per cent electrification of rest of the 13,675 km of the broad gauge tracks at an estimated cost of Rs 12,134 crore. The decision was taken in the Cabinet meeting chaired by Prime Minister Narendra Modi. Addressing the press conference, Goyal said, “The Prime Minister is aiming to make the Indian Railways more

  • Cabinet sanctions extension of Jute packing mandatory norms

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the mandatory packaging of foodgrains and sugar in the jute material for the Jute Year 2017-18.

  • Government sets up panel for divestment

    The  Centre has budgeted to raise Rs 72,500 cr through stake sale in PSUs. This includes Rs 46,500 cr from minority stake sale, Rs 15,000 crore from strategic disinvestment and Rs 11,000 crore from listing of PSU insurers.

  • Government to sign oil and gas field contracts soon

    New Delhi : The government will on Tuesday said that it will sign contracts for the 31 small discovered oil and gas fields it had auctioned in the first bid round in more than six years.

  • CCEA clears Rs 2,256 cr project for CBEC’s GST integration

    New Delhi : CCEA on Wednesday cleared a Rs 2,256 crore IT project Saksham of the Central Board of Excise and Customs, which will help integrate CBEC’s system with the GST network before the rollout in April next year.

  • Govt to ramp up pulse buffer stock to 20L tn at Rs 18,500 crore

    New Delhi : Government on Wednesday decided to more than double the buffer stock of pulses to 20 lakh tonnes, at an estimated cost of Rs 18,500 crore, to keep prices stable and encourage farmers to grow dal crop.

  • Govt OKs 10% stake sale in HUDCO via IPO

    New Delhi:  The Cabinet Committee on Economic Affairs approved disinvestment of 10 % stake in the state-owned Housing and Urban Development Corporation (HUDCO) through an initial public offering, an official release said. CCEA also approved allowing a price discount of up to 5 % on the issue price to retail investors and HUDCO employees.

  • Bihar, Jharkhand to have six-lane highway: Cabinet

    New Delhi : The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved six-laning of portions of the National Highway-2 (NH-2) in Bihar and Jharkhand, estimated to cost Rs.4,918.48 crore.

  • CCEA may extend ban on onion hoarding by 1 year tomorrow

    New Delhi: The Cabinet Committee on Economic Affairs may consider tomorrow a proposal to extend by one year the ban on hoarding of onions beyond a prescribed limit. The validity of the order, that empowers states to impose stock limits on traders for holding onion and ban hoarding beyond the set limit, expires on July 2.

  • Cabinet may raise MSP of paddy, other kharif crops

    New Delhi : The Cabinet Committee on Economic Affairs (CCEA) is likely to approve a proposal to raise the minimum support price (MSP) of paddy by Rs 50 to Rs 1,410 per quintal for this year today. MSP is the rate at which government buys the grain from farmers, reports PTI.

  • Govt paves way for stalled road projects; revives response to BOT

    New Delhi :  In a major respite to the highway developers, the Cabinet Committee on Economic Affairs allowed developers to exit road projects two years after they are completed, a move that will help in unlocking investments to the tune of Rs 4,500 crore.

  • CCEA approves giving freedom to states to fix PDS sugar price

    New Delhi : The Centre decided to give flexibility to state governments to set retail price of PDS sugar that has been kept unchanged at Rs 13.50 per kg since 2002. The decision in this regard was taken by the Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi.

  • Govt To Sell 10% Stake In IOC

    Divestment In The Nation’s Biggest Company May Help The Govt, Which Is Struggling To Meet Its Budgeted Target Of Rs 43,425 Cr, Raise Rs 8,150 Cr

  • CCEA gives nod for three NHA projects

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has given its nod for the development of the four laning of the Nagina-Kashipur section of National Highway – 74 in Uttarakhand and Uttar Pradesh.

  • Govt raises wheat MSP by Rs 50 to Rs 1,450/qtl

    New Delhi : The government raised the minimum support price (MSP) for wheat by a nominal Rs 50 to 1,450 a quintal to encourage farmers to cover more area under the crop in the ongoing rabi season.