Home/Topics/Companies & Institutions/Cabinet Committee on Economic Affairs

🏢Organization Dossier

Cabinet Committee on Economic Affairs

Curated news coverage, institutional background, regulatory filings, and investigative reporting across RDU Global.

13 Stories Indexed

Last Updated: Just Now

Verified Entity Intelligence

Banking, Fintech & Insurance 15 Oct 2026, 05:25 AM IST

Government to Keep 15% in IDBI Bank as LIC Holds 19% in Fairfax Deal Reset

The government will retain a 15% equity stake in IDBI Bank while Life Insurance Corporation will hold 19%, marking a significant step in the bank’s long-running ownership transition. Both shareholders will withdraw their nominees from the board and function as public shareholders, while the Cabinet Committee on Economic Affairs has empowered the Alternative Mechanism to approve minority stake sales.

By RDU Global Wire5 min read

Banking, Fintech & Insurance15 Oct 2026, 02:40 AM IST

Cabinet Clears Rs 52,878 Crore IDBI Bank Sale to Fairfax Arm in Landmark Financial FDI

India’s Cabinet Committee on Economic Affairs has approved the strategic sale of IDBI Bank to an arm of Fairfax Group, marking what Union Minister Ashwini Vaishnaw described as the country’s largest financial-sector foreign direct investment. The government and Life Insurance Corporation of India will together retain a 34% stake in the restructured bank, underscoring a calibrated exit that preserves a significant public-sector footprint while transferring control to a private investor.

5 min readRead →

National Governance & Policy15 Oct 2026, 07:48 PM IST

Karnataka Cabinet Rejects Mercy Pleas in 2003 Ring Road Murder Case

The Karnataka Cabinet has rejected the mercy petitions of Shubha and Arun in the long-running Ring Road murder case, closing a major administrative avenue in one of the state’s most closely watched criminal matters. The case dates to 2003 and centres on the killing of 27-year-old software engineer B.V. Girish, in a conspiracy allegedly hatched by Shubha, to whom he was engaged to be married.

6 min readRead →

National Governance & Policy15 Oct 2026, 04:02 AM IST

Cabinet Clears ₹2,010 Crore Bonus for Over 11 Lakh Railway Employees Ahead of Festive Season

The Union Cabinet has approved a productivity-linked bonus of ₹2,010 crore for more than 11 lakh railway employees, extending a yearly fiscal incentive that typically arrives before the Durga Puja and Dussehra holidays. The payment is intended to reward performance, reinforce workforce morale, and support one of the country’s largest public-sector employers during the peak festive period.

5 min readRead →

National Governance & Policy14 Oct 2026, 11:18 PM IST

Cabinet Approves 78-Day Bonus for 11.4 Lakh Railway Employees as Freight, Passenger Traffic Hit Records

The Union Cabinet has approved a productivity-linked bonus equivalent to 78 days’ wages for 11.4 lakh railway employees, recognising their role in a year of record freight loading and passenger traffic. The annual payout underscores the government’s effort to reward operational performance while reinforcing the railways’ central role in India’s logistics and mobility network.

5 min readRead →

National Governance & Policy14 Oct 2026, 01:05 PM IST

L. Murugan Resigns from Union Ministry and Rajya Sabha, Fueling Talk of a Pre-Deepavali Cabinet Reset

Union Minister L. Murugan has resigned from the Union Council of Ministers and stepped down from the Rajya Sabha, intensifying speculation that the government is preparing a pre-Deepavali reshuffle or reset. His exit comes amid a series of recent ministerial term completions and vacancies that have already altered the composition of the Council of Ministers.

6 min readRead →

Startups & Venture Capital13 Oct 2026, 07:09 AM IST

Uttar Pradesh Cabinet Clears Startup Procurement Scheme to Open Government Contracts to Young Firms

The Uttar Pradesh cabinet has approved a procurement scheme designed to give startups easier access to contracts across state government departments, marking a significant policy push to turn the state into a more startup-friendly market. The move is intended to lower entry barriers for young companies and create a clearer route for them to sell products and services to public institutions.

5 min readRead →

Global Markets & Equities11 Oct 2026, 11:37 AM IST

Trump Forms Committee to Scrutinize Fed Governor Lisa Cook’s Statements

President Donald Trump has appointed a committee to examine statements made by Federal Reserve Governor Lisa Cook, escalating his long-running clash with the central bank and one of its Biden-era appointees. The move comes after Trump previously tried to remove Cook, only for the Supreme Court to block that first attempt, underscoring the legal and institutional limits surrounding presidential pressure on the Fed.

5 min readRead →

India Sports & Cricket10 Oct 2026, 03:08 PM IST

Committee Formed to Safeguard HIL’s Continuity as Indian Hockey Seeks Stability

A committee has been formed to ensure the continuation of the Hockey India League, signaling a fresh effort to preserve one of Indian hockey’s most important commercial and developmental platforms. The move comes at a time when the league’s long-term stability remains central to the sport’s broader revival in India.

5 min readRead →

India Sports & Cricket10 Oct 2026, 02:47 PM IST

Committee Formed to Safeguard HIL’s Continuation Amid Structural Uncertainty

A committee has been constituted to ensure the continuation of the Hockey India League, signaling a formal effort to stabilize the competition’s future. The move underscores the league’s importance to India’s hockey ecosystem, where continuity, commercial viability, and player development remain closely linked.

5 min readRead →

Banking, Fintech & Insurance08 Oct 2026, 03:29 AM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, High-Level Committee Planned

Bank employee unions have deferred their planned three-day nationwide strike after fresh talks with the Indian Banks' Association, easing the immediate risk of disruption across the banking system. The discussions have paved the way for a new high-level committee to examine long-pending demands, including a five-day workweek and concerns over the Performance Linked Incentive scheme for senior officers.

6 min readRead →

National Governance & Policy07 Oct 2026, 10:39 PM IST

BC Commission Warns Village Development Committees Against Social Boycotts

India’s Backward Classes Commission has cautioned village development committees against resorting to social boycotts, underscoring that informal punishments cannot substitute for lawful governance. The warning reflects growing concern that local bodies, while influential in rural dispute resolution, may overstep legal limits and deepen social exclusion.

5 min readRead →

Healthcare, Pharma & Life SciencesJust now (07:41 AM IST)

Bholanath Calls Executive Committee Meeting as Tirkey Rejects It as Unapproved

A fresh governance dispute has erupted in Indian hockey after Bholanath announced an Executive Committee meeting, prompting former federation chief Dilip Tirkey to dismiss the move as unapproved. The disagreement has once again exposed the sport’s fragile administrative order and the continuing contest over who has the authority to convene official proceedings.

4 min readRead →

🏢 About this Entity

Corporations, startups, regulatory bodies, central banks, ministries and judicial courts. All news mentioning this entity is automatically verified and aggregated into this live intelligence dossier.

Co-Occurring Entities

Entities frequently referenced alongside Cabinet Committee on Economic Affairs:

New Delhi(1)Life Insurance Corporation of India(1)IDBI Bank(1)