- The Cabinet Committee on Economic Affairs (CCEA) approved the extension of the special package of industrial incentive for Himachal Pradesh and Uttarakhand till March, 2017.
- However, there was no extension in the key tax incentives under the excise and income-tax holiday scheme.
Benefit:
- It will help to generate employment, especially for rural youth and will give a boost to manufacturing and the Small and Medium Enterprises in the two States.
Other decisions by CCEA:
- Clearance to a proposal to reserve 30% of procurement orders by BSNL and MTNL for Indian Telephone Industries (ITI). This will enable ITI survive in the competitive environment of telecom manufacturing.
- Approval to a Rs. 761-crore road project in Odisha under its flagship, the National Highways Development Project and gave nod to four-laning of Jharpokharia-Baripada-Baleshwar section of NH-5 in the state. The project will expedite improvement of infrastructure in Odisha and reduce the time and cost of travel on the Jharpokharia-Baripada-Baleshwar route.
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