Cabinet approves listing of 7 public sector companies

Cabinet Committee on Economic Affairs (CCEA) has given approval to list seven public sector companies on the stock exchanges through Initial Public Offering (IPO) or Further Public Offer (FPO).

These seven companies are: Telecommunication Consultants (India) Pvt Ltd, Railtel Corporation India Ltd, National Seed Corporation India Ltd, Tehri Hydro Development Corporation Ltd, Water & Power Consultancy Services (India) Ltd, FCI Aravali Gypsum and Minerals (India) Ltd and Kudremukh Iron Ore Company Ltd.

Apart from this, Cabinet approved hike in minimum support price (MSP) for Copra by more than Rs 2000 per quintal for 2019 season. The MSP of Milling Copra to be Rs 9521 per quintal and that of Ball Copra to be Rs 9920 per quintal.

Cabinet also approved Coastal Regulation Zone (CRZ) Notification 2018. The proposed CRZ Notification, 2018 will lead to enhanced activities in the coastal regions thereby promoting economic growth while also respecting the conservation principles of coastal regions, the government said.