Nirmala Sitharaman, Finance Minister announced the setting up of ICC in the 2020-2021 Union Budget in February 2020.
Investment Clearance Cell(ICC):
i.The Investment Clearance Cell consists of 10 members .
ii.The ICC will act as a single window system for attracting investments
iii.The ICC’s terms of reference include, accelerating investments, to bring projects that require special incentives, policy interventions, expeditious clearances, and systemic reforms to the Empowered Group of Secretaries(EGoS), among others.
iv.ICC will identify the policy and regulate issues regarding the investment and attract potential investors to get the proposals for the EGoS considerations.
Members of ICC:
- Five members from the Ministry of civil aviation,
- one from each Airport Authority of India(AAI) and AAI Cargo Logistics and Allied Services Company Ltd (AAICLAS).
- One from the Directorate General of Civil Aviation
- One to be co-opted by the Chairman as per the requirements.
About Ministry of Civil Aviation:
Minister of State (Independent Charge)– Hardeep Singh Puri
Recent Related News:
i.The Ministry of Civil Aviation(MoCA) and Directorate General of Civil Aviation(DGCA) launched Government Authorisation for Relief Using Drones(GARUD) to fast-track approval to COVID-19 related drone operations.
ii.As a part of curbing the adverse impact of COVID 19 MoCA launched Lifeline Udan flights, which transported 37.63 tonnes of medical cargo across India in 6 days.
