Top CCEA Approvals: 8 March 2019
The Cabinet Committee on Economic Affairs has given its approval for the continuation of National AIDS Control Programme-IV beyond 12th five-year plan for a period of three years from April 2017 to March 2020.
Union Cabinet approves setting up of 50 new Kendriya Vidyalayas under civil, defence sector
• The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Narendra Modi has approved the setting up of 50 new Kendriya Vidyalayas under civil, defence sector all over the country.
• Once they are fully functional, the schools will provide quality education to approximately 50,000 students.
• The 'Challenge Method' Committee had submitted a consolidated list of 50 proposals for opening of the new Kendriya Vidyalayas.
Cabinet approves continuation of National AIDS Control Programme-IV beyond 12th five-year plan
• The Cabinet Committee on Economic Affairs has given its approval for the continuation of National AIDS Control Programme-IV beyond 12th five-year plan for a period of three years from April 2017 to March 2020. The total outlay will be Rs 6434.76 crore.
• The major benefit of the programme is that more than 99 per cent of the population will be kept HIV free, more and more than 70 lakh of key population will be covered annually through a comprehensive HIV prevention programme.
• Around 15 crore of the vulnerable population including five crore pregnant women will be tested for HIV in three years of project and about two crore 32 lakh units of blood will be collected at NACO’s supported blood banks during the three years of the project.
• Further, two crore 82 lakh episodes of sexually transmitted infections will also be managed under the project and 17 lakh of PLHIV will be put on free anti-retroviral treatment by the end of project period.
Cabinet approves Mumbai Urban Transport Project Phase-IIIA
• The Cabinet Committee on Economic Affairs has approved Phase-IIIA of the Mumbai Urban Transport Project.
• The total estimated cost of the project will be Rs 30,849 crore with the completion cost of Rs 33690 crore. The project is likely to be completed in five years.
• The major benefit of the project includes the introduction of air-conditioned coaches with automatic door operation to improve comfort level and safety of commuters.
• The project will enable seamless travel for long distance suburban passengers by extending and creating corridors and improvement in passenger amenities and improved passenger movement at stations.
• It will also lead to decongestion of the station’s entry and exit points and increase in safety, capacity and efficiency of the suburban network by the introduction of communication-based train control system
Cabinet approves procedure and mechanism for Strategic Disinvestment of the CPSEs
• The Cabinet Committee on Economic Affairs has approved procedure and mechanism for Strategic Disinvestment of the CPSEs.
• The cabinet has approved the quantum of shares to be transacted, mode of sale and final pricing of the transaction or lay down the principles, guidelines for such pricing and the selection of strategic partner, buyer, terms and conditions of sale.
• It has also given its approval to decide on the proposals of CGD with regard the timing, price, the terms & conditions of sale and any other related issue to the transaction.
• This will facilitate quick decision-making and obviate the need for multiple instances of approval by CCEA for the same CPSE.
Cabinet approves the 3rd line on South Eastern Railway
• The Cabinet Committee of Economic Affairs has approved the construction of a 3rd railway line between Narayangarh in West Bengal and Bhadrak in Odisha of 155 km length. At a total cost of Rs 1,866.31 crore it is slated for completion during the year 2023-24.
• The construction of the third line will help create the capacity to cope with existing as well as additional traffic. The busy section between Narayangarh and Bhadrak is mainly used for the movement of coking coal to steel plants as well as the movement of export ore from the areas of Chakradharpur to several ports.
• Therefore, this 3rd line will help in easier movement of coal. This will help steel plants, power plants as well as the export industry, which will boost the economies of Odisha and West Bengal and entire East India. The 3rd line will ease congestion on this route.
• The Narayangarh – Bhadrak section forms a part of the Howrah-Chennai trunk route. The present utilisation with maintenance block of the section between Narayangarh and Bhadrak is to the tune of 138 per cent as per Line Capacity Statement 2014-15.
Cabinet approves implementation of Khurja Super Thermal Power Project in Uttar Pradesh
• The Cabinet Committee on Economic Affairs has approved the investment approval for 2x660MW Khurja Super Thermal Power Plant (STPP) in District Bulandshahar of Uttar Pradesh at an estimated cost of Rs 11,089.42 crore and Amelia Coal Mine in District Singraulli, Madhya Pradesh.
• The project will be implemented at an estimated cost of Rs 1587.16 crore and will be implemented by THDC India Limited, a Mini Ratna CPSU under the Union Ministry of Power.
• The Khurja STPP will be based on Supercritical Technology with two units of capacity 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and uses less fuel to generate power.
• The Khurja STPP will improve the deficit power scenario of Northern Region and particularly of Uttar Pradesh, which has already signed Power Purchase Agreement with THDC India Limited for purchase of 60 per cent power from the project and the other beneficiary states such as Uttarakhand, Rajasthan, Himachal Pradesh and Delhi.
• The project is expected to generate substantial direct and indirect employment and overall development of District Bulandshahar and nearby districts of Western Uttar Pradesh.
Cabinet approves investment approval for Buxar Thermal Power Project in Bihar
• The Cabinet Committee on Economic Affairs has given its approval for investment approval for 2x660 MW Buxar Thermal Power Project (Buxar TPP) in District Buxar of Bihar.
• The project will be completed at an estimated cost of Rs 10,439.09 crore and implemented by SJVN Thermal Private Ltd., a wholly owned subsidiary of SJVN Ltd.
• The Buxar TPP will be based on supercritical technology with two units of 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and use less fuel to generate power.
• The Buxar TPP will improve the deficit power scenario in Bihar and Eastern region. Govt. of Bihar has already signed Power Purchase Agreement (PPA) for supply of not less than 85 per cent of generated power.
• The project is expected to generate substantial direct and indirect employment apart from various other socio-economic development in the project area.
Cabinet approves Teesta Stage-VI HE project
• The Cabinet Committee on Economic Affairs has given its approval for the investment sanction for acquisition of Lanco Teesta Hydro Power Ltd (LTHPL) and execution of balance work of the Teesta Stage-Vl HE project by NHPC Ltd in Sikkim.
• The project will be implemented at an estimated cost of Rs 5748.04 crore (at July, 2018 Price Level), which includes bid amount of Rs 907 crore for acquisition of LTHPL and estimated cost of balance work of Rs 3863.95 crore with includes Interest During Construction (IDC)and Foreign Component (FC) of Rs 977.09 crore.
• The Teesta Stage-Vl HE project is a Run of River scheme in Sirwani Village of Sikkim to utilise the power potential of Teesta River Basin in cascade manner.
• The project would generate 2400 MUs in a 90 per cent dependable year with Installed Capacity of 500 MW (4x125MW).
Cabinet approves additional funds for extending financial assistance to sugar mills
• The Cabinet Committee on Economic Affairs has given its approval for funds amounting to Rs 2790 crore towards interest subvention for extending indicative loan amount of Rs 12900 crore by banks to the sugar mills under the scheme for extending financial assistance to sugar mills for enhancement and augmentation of ethanol production capacity.
• The cabinet has also approved Rs 565 crore towards interest subvention for extending indicative loan amount of Rs 2600 crore by banks to the molasses-based standalone distilleries to augment capacity through installation of incineration boilers and other methods in the existing distilleries for achieving ZLD and additional equipment for ethanol production as well as for setting up of new standalone distilleries for ethanol production.
• A separate scheme for the molasses-based standalone distilleries would be formulated accordingly by Department of Food & Public Distribution.