CCEA approves 15percent stake sale in NBCC

NEW DELHI . The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a proposal to sell 15% stake in state-owned construction company NBCC India through the OFS route. Currently, the government holds 90% in the company, which has a market capitalisation of Rs 14,274 crore.

Also, the Cabinet approved modification and continuation of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) as ‘Skill Dev Component', with an outlay of Rs 12,000 crore. The PMKVY will enable skilling of one crore people over the next four years (2016-2020).