Issue Date: Jan 15, 2013
DESPITE concerns from civil society groups, the Union Cabinet gave in-principle nod for setting up a Cabinet Committee for Investment (CCI) on December 13. Introduced as the National Investment Board (NIB) by the Union finance ministry earlier this year, CCI is being set up for expediting clearances for mega projects with investment of above Rs 1,000 crore. CCI will be chaired by the prime minister and comprise members from various ministries as decided by him.