Cabinet Committee on Economic Affairs (CCEA)

(i) to review on a continuous basis economic trends, problems and prospects for evolving a consistent and integrated economic policy framework for the country;

(ii) to direct and co-ordinate all activities in the economic field requiring policy decisions at the highest level including foreign investment;

(iii) to deal with matters relating to fixation of prices of agricultural products and price control in respect of industrial raw materials and products;

(iv) to deal with increase in the prices of essential commodities or bulk goods under any form of formal or informal control;

(v) to lay down priorities for public sector investment and to consider:

1. proposals for investment of more than one thousand crore rupees including those recommended by the Public Investment Board/Expenditure Finance Committee/Expanded Board of the Railways or any other appraisal fora/ committee except in cases where separate thresholds have been laid down by the Cabinet, Committee of the Cabinet or other competent authority; and
2. proposals recommended by other appraisal fora/Committee such as Public Private Partnership Appraisal Committee beyond the threshold laid down/ approved by the Competent Authority for approval by such fora but does not include proposals involving setting up of new Companies, Autonomous Bodies, Institutions, Special Purpose Vehicles, etc. or creation of posts carrying pay scale or pay band plus Grade Pay equivalent to that of a Joint Secretary to the Government of India and higher, which shall continue to be placed before the Cabinet;

(vi) to consider cases of increase in the firmed up cost estimates or revised cost estimates due to reasons such as time overrun, changes in scope, under-estimation, etc. in respect of proposals that are required to be placed before the Cabinet Committee on Economic Affairs for which the procedure stipulated in the Second Schedule to the Government of India (Transaction of Business) Rules, 1961, in respect of similar cases will apply;

(vii) to deal with industrial licensing policies and proposals including those relating to establishment of Joint Sector Undertakings;

(viii) to review the performance of Central Public Sector Enterprises and consider the cases relating to their structural re-organisation or financial restructuring;

(ix) to review progress of activities related to rural development including those concerning small and marginal farmers;

(x) to review the accomplishments of the Ministries, Agencies and Public Sector Undertakings/other bodies involved implementation of prioritised schemes or projects; in

(xi) to consider issues relating to disinvestment and to decide:-

1. 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
2. the selection of strategic partner/ buyer, terms and conditions of sale in case of the strategic sale.

(xii) to decide the price band and final price of sale of shares held by the Government of India in all Central Public Sector Enterprises;

(xiii) to consider issues relating to disinvestment including redemption/ retirement/ repatriation of shares held by the Government of India/ Central Government agencies in Multi-State Cooperative Societies;

(xiv) to monitor the general price situation in the country and to decide upon appropriate corrective measures including measures relating to prices of essential commodities;

(xv) to assess the internal availability of all essential and agricultural commodities and to authorise effective steps;

(xvi) to take decisions on export of all essential and agricultural commodities particularly from Food Corporation of India stocks keeping in view the price implications for the domestic market;

(xvii) to consider measures required for making the Public Distribution System more efficient and effective and to determine the prices of articles supplied through the System;

(xviii) to consider measures necessary for augmenting the supply of requisite commodities for stabilizing the prices including through imports;

(xix) to review measures regarding enforcement of the Essential Commodities Act and other related statutory provisions;

(xx) to consider and decide on issues pertaining to the World Trade Organization; and

(xxi) to consider issues relating to the Unique Identification Authority of India including its organization, plans, policies, programmes, schemes, funding and methodology to be adopted for achieving the objectives of that Authority.