Ministry of Finance Cabinet approves listing of certain unlisted CPSEs on Stock Exchange 28 DEC 2018 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to list the following seven Central Public Sector Enterprises(CPSE) on the Stock Exchange through Initial Public Offering (IPO) /Further Public Offer (FPO): Telecommunication Consultants (India) Ltd.[TCIL]- IPO RailTel Corporation India Ltd. – IPO National Seed Corporation India Ltd. (NSC) – IPO Tehri Hydro Development Corporation Limited (THDC) – IPO Water & Power Consultancy Services (India) Limited [WAPCOS Ltd.] – IPO FCI Aravali Gypsum and Minerals (India) Limited [FAGMIL]- IPO Kudremukh Iron Ore Company Limited (KIOCL) – FPO The listing of CPSEs on the exchange shall unlock their value and encourage investor participation in the CPSEs. Further, Alternative Mechanism comprising of the Finance Minister, Minister of Road Transport & Shipping and t...

Ministry of Water Resources, River Development and Ganga Rejuvenation World Bank approves Rs. 6,000 crore Atal Bhujal Yojana 06 JUN 2018 The World Bank has approved Atal Bhujal Yojana (ABHY), a Rs.6000 crore Central Sector Scheme of the Ministry of Water Resources, River Development and Ganga Rejuvenation. The scheme is to be implemented over a period of five years from 2018-19 to 2022-23, with World Bank assistance. The scheme proposal has already been recommended by the Expenditure Finance Committee and the Ministry will be seeking Cabinet approval for the project shortly. Atal Bhujal Yojana has been formulated by the Ministry to address the criticality of ground water resources in a major part of the country. The scheme aims to improve ground water management in priority areas in the country through community participation. The priority areas identified under the scheme fall in the states of Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh. These...