Wednesday, 9 December 2015

Latest Cabinet Decisions

Dear mm readers in latest cabinet decisions, Government approved 10 per cent stake sale in state-owned Coal India Ltd. Cabinet committee on economic affairs chaired by Prime Minister Narendra Modi announced that the government is expecting to mop up around Rs 20,000 crore from the sale of 10 per cent stake CIL.

  • Cabinet has also approved initial public offering of Cochin Shipyard Ltd.

  • CCEA gave nod to the doubling of 189 km long Kottavalasa-Koraput railway line. Besides, the cabinet also approved 7,500 crore rupees allocation to fast track four stalled rail projects in Odisha, Andhra Pradesh.

  • In another decision, CCEA has authorisied the NHAI to pay rationalised compensation to concessionaires in case of delays in road projects not attributable to them.

  • In order to boost exports in the country, government has given approval to entail giving production subsidy directly to cane growers at Rs 4.50 per quintal of cane crushed for the production of sugar.

  • In latest cabinet decisions, CCEA okays production subsidy of Rs 4.5/qtl to cane growers this will help liquidate some of the sugar stocks meet the export target.

  • Government has hiked the relief to migrants from hilly areas of Jammu at par with Kashmiri Pandits. Now the monetary assistance will be Rs 2500, up from Rs 400.

  • Cabinet has decided to come up with a computerised system to connect the police stations and the prosecuting agencies to bring law and order situation at par. The govt has given a deadline as March 2017 for this.

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