Latest Cabinet Committee on Economic Affairs News & Updates

Bhopal, May 13 (IANS) Madhya Pradesh Chief Minister Mohan Yadav on Wednesday welcomed the Centre’s decision to increase the Minimum Support Price for 14 kharif crops for the 2026-27 marketing season, saying it will directly benefit farmers in the state and strengthen the agriculture sector.​ The revised Minimum Support Price was approved by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday.​Expressing gratitude to the Prime Minister, Chief Min…

New Delhi, May 13 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the increase in the Minimum Support Prices (MSP) for 14 kharif crops for Marketing Season 2026-27 to ensure remunerative prices to farmers.The highest absolute increase in MSP over the previous year has been recommended for sunflower seed at Rs 622 per quintal, followed by cotton (Rs 557 per quintal), nigerseed (Rs 515 per quintal), and sesamum (Rs 500 per qui…

New Delhi, May 13 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the Ahmedabad (Sarkhej)-Dholera semi-high-speed double line railway project – the first of the Indian Railways planned with indigenously developed technology, with a total investment of Rs 20,667 crore. The project section will provide faster connectivity between Ahmedabad, Dholera SIR, the upcoming Dholera Airport and the Lothal National Maritime Heritage Com…

New Delhi, May 5 (IANS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved a Rs 1,570 crore proposal on Tuesday for the development of a state‑of‑the‑art Ship Repair Facility at Vadinar in Gujarat, marking a major expansion of the national ship repair ecosystem. The project will be jointly implemented by the Deendayal Port Authority (DPA), which is the administrative authority that runs the Kandla port, and the Cochin Shipyard Limited (CSL).The pro…

New Delhi, May 5 (IANS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved a 2.81 per cent increase in the “fair and remunerative price” of sugarcane to Rs 365 per quintal for Sugar Season 2026-27 (October-September) for a basic recovery rate of 10.25 per cent. There will be a premium of Rs 3.56 a quintal for each 0.1 per cent increase in recovery over and above 10.25 per cent, and a reduction in price by Rs.3.56 per quintal for each 0.1 per c…

New Delhi, April 18 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Saturday approved two multitracking Railways projects for Uttar Pradesh and Andhra Pradesh with a total cost of Rs 24,815 crore.The projects, covering 15 districts across two states, will increase the existing network of Indian Railways by about 601 kms. These are Ghaziabad–Sitapur 3rd and 4th Line (403 kms) and Rajahmundry (Nidadavolu)–Visakhapatnam (Duvvada) 3rd and 4th …

Jaipur, April 9 (IANS) A 41-kilometre-long North-South metro corridor from Prahladpura to Todi Mod has been approved for Jaipur under Phase-II of the metro project. The corridor, described by Chief Minister Bhajanlal Sharma as the city’s future lifeline, will connect key industrial and residential hubs from Sitapura to VKIA, ensuring safe, efficient, and convenient public transport.The project, estimated to cost over Rs 13,037 crore, will comprise 36 stations and be implemented by Rajasthan Me…

New Delhi, April 8 (IANS) The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved Rs 14,105.83 crore for the construction of Kalai-II hydro-electric project (HEP) on Lohit river in Anjaw district, Arunachal Pradesh.The estimated completion period for the project is 78 months.The project with an installed capacity of 1,200 MW (6 x 190 MW & 1 x 60 MW) is expected to generate 4,852.95 MU of energy annually.As the first hydro project in the Lohit…

New Delhi, April 8 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved investment of Rs 26,069.50 crore for the construction of the Kamala Hydro Electric Project (HEP) in Kamle, Kra Daadi, and Kurung Kumey districts of Arunachal Pradesh.The estimated completion period for the project is 96 months, a Cabinet note said.There will be significant improvement in the infrastructure in Kamle, Kra Daadi, and Kurung Kumey districts, incl…

New Delhi, April 8 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the revision of the HPCL Rajasthan Refinery Limited (HRRL) project cost from Rs 43,129 crore to Rs 79,459 crore and additional equity investment of Rs 8,962 crore by the Hindustan Petroleum Corporation Limited (HPCL).The total equity investment of HPCL after the increment will be Rs 19,600 crore, according to an official statement.HRRL is a 9 million metric t…