Financial Daily from THE HINDU group of publications
Thursday, Sep 30, 2004
Industry & Economy - Power
Government - Policy
CCEA defers decision on investment panel Kahalgaon transmission stage-2 project gets nod
New Delhi , Sept. 29
THE Cabinet Committee on Economic Affairs on Wednesday approved the Rs 1,771.93-crore transmission system for the 1,000-MW Kahalgaon Stage II project in Bihar but deferred any decision on setting up an Investment Commission.
The cost of the 1,462-km transmission project includes interest of Rs 86.18 crore during construction and this project would facilitate evacuation of power from Kahalgaon Stage II generation project and further disbursal of Kahalgaon Stage II, phase-I to various beneficiaries in the eastern, western and northern regions, a statement issued after the CCEA meeting said.
"The decision on Investment Commission has been deferred as 3-4 ministers could not attend the CCEA meeting today," the Finance Minister, Mr P. Chidambaram, said, adding that it would be taken up at the next meeting.
Rs 10 coins: Also, the CCEA approved introduction of Rs 10 coins to partially supplement Rs 10 notes. It also delegated powers to the Finance Ministry for design and metal composition for the Rs 10 coins. The designs and themes of the new series of designs have been prepared by the National Institute of Design at Ahmedabad.
The Rs 10 coins will be issued with three different themes Unity in Diversity, Mudras from Bharatanatyam and Connectivity and Information Technology. The observe side of all the coins will, however, carry Lion Capital as well as denomination in Roman numerals.
However, notes of Rs 10 denomination will continue to be printed and issued in circulation, though in reduced quantity after the introduction of these coins.
The coins are being issued to take care of security features against counterfeiting and easy recognition by the public.
TB control: Also, the CCEA decided to extend the World Bank-assisted Revised National TB Control Programme by 18 months, beginning this fiscal. This would result in an outgo of Rs 235.77 crore. The extension would be spread over two phases April-September 2004 and October 2004-September 2005 and the additional cost would be covered from savings from the original approved budget for the project.
Stories in this Section
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line