Cabinet Committee on Economic Affairs, CCEA has given its approval for restructuring of balance sheet of Scooters India Limited, Lucknow (SIL). It will be done by way of reducing the equity of 85.21 crore rupees in the share capital of SIL, held by Government against accumulated losses. With this approval, the balance sheets of SIL from 2012-13 onwards will be regularised and further restructuring will be effected accordingly.

CCEA has also given its nod for waiving of Penal Interest on Government Loans to Paradip Port Trust, PPT. It includes waiver of penal interest worth 1076 crore rupees in respect of PPT as on 31st of March last year and further accruals thereon till date of approval of waiver. The PPT will pay Penal Interest at the rate of 0.25 per cent as on the date of approval of penal interest's waiver. It will start the re-payment of outstanding principal of around 387 crore rupees and outstanding interest. The repayment will be completed in two instalments in 2018-19 and 2019-20.

It also approved waiving of Penal Interest on Government Loans to Visakhapatnam Port Trust, VPT. It includes waiver of Penal Interest amounting to around 250 crore rupees in respect of VPT as on 31st March last year and further accruals thereon till date of approval of waiver. VPT will pay the outstanding Principal of 44 crore rupees and outstanding Interest as on the date of approval of waiver, in one single instalment in the Financial Year 2018-19.