-Outlook The Cabinet Committee on Economic Affairs (CCEA) today approved a urea investment policy that is likely to incentivise fertiliser firms setting up new plants and expanding existing capacity. India imports over 30 per cent of urea requirement and the policy aims at reducing that. But, it is unlikely to have any impact on existing prices. "The new urea investment policy has been cleared," sources said after the CCEA meeting here. The policy, which...
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Nothing in the tank
-The Business Standard Govt pushes biofuels again, despite bitter experience The nearly decade-old programme to promote ethanol-blended petrol has failed to make much headway despite continued attempts by the government to get it going. The latest such attempt was last week, when the Cabinet Committee on Economic Affairs (CCEA) made the very poor decision to force oil marketing companies to mix five per cent ethanol with petrol throughout the country from...
More »5% Ethanol To Be Mixed in Petrol From December
-Outlook Mandatory mixing of five per cent ethanol in petrol will be implemented across the country from next month, Cabinet Committee on Economic Affairs decided today, a step which will help the country save around 100 crore litres of fuel every year. In 2009, the CCEA had decided to mix five per cent ethanol in petrol but it could not be implemented due to opposition by some sections in the chemical and...
More »Low Cost Sanitation Scheme Extended to 12th Plan
-Outlook Government today approved the proposal to extend the ongoing scheme for erdication of dry toilets in urban areas into the 12th Five Year Plan with revised features and cost estimates. According to the decision approved by the Cabinet Committee on Economic Affairs, Government would extend the financial support to the state governments for the Integrated Low Cost Sanitation Scheme. The estimated cost for running the programme of the Ministry of Housing and...
More »Cabinet to take up NIB proposal in 10 days: FinMin
-PTI Finance Minister P Chidambaram had recently proposed setting up of NIB under the Prime Minister to clear large projects The proposal to set up the National Investment Board (NIB) for expediting clearance to large projects will come up for approval before the Cabinet in next 10 days, a top Finance Ministry official said. "The inter-ministerial consultation on setting up NIB is over. The Cabinet note on NIB will come up for...
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