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CCEA Approved Winding Up Of National Manufacturing Competitiveness Council (NMCC)

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The National Manufacturing Competitiveness Council (NMCC) will be wound up with immediate effect as it has fulfilled the mandate for which it was constituted. The Cabinet Committee on Economic Affairs (CCEA) gave it its approval on March 2, 2016.

NMCC

CCEA – One of the standing committees of the cabinet constituted by GOI

Some of the main functions are

  • To review economic trends, problems and prospects to evolve an efficient and consistent economic policy framework for India
  • To direct and coordinate all economic policies and activities, including foreign investments that need economic decisions of the highest order.
  • To make decisions of in matters of fixing prices of Agricultural products and reviewing progress in rural development, including matters related to small and marginal farmers
  • To facilitate the finalization of factual reports of Ministries, Agencies and PSUs involved in the implementation of various schemes to be evaluated by the PM.
  • To review matters related to shares of GOI in PSUs, disinvestments, industrial licensing policies, performance of PSUs including their structural and financial restructuring

Composition of the Committee: Prime Minister, Minister of Home Affairs, Finance, Urban Development, Railways, Law and Justice, Agriculture & Farmers Welfare, IT and Food Processing Industries and Special Invitees.

  • Chairman : Prime Minister

NMCC

  • Established in 2004 as an autonomous body
  • Mandate: Began as a part of Common Minimum Programme (CMP) to boost and sustain the growth of manufacturing in India.
  • Last Chairman: Shri Ajay Shankar, demitted office on 22nd November 2014.
  • The council had become non-functional in the absence of a new Chairman and no fresh constitution was done.