In an important decision, Cabinet Committee on Economic Affairs, CCEA, has approved an incentive bonus of 50 rupees per quintal on paddy over and above the Minimum Support Price, MSP, for the khariff marekting season 2009-2010.<br/><br/>The present MSP for paddy is 950 rupees for common grade and 980 rupees for grade-A. The CCEA has also given an in principle approval to bring follow on public issue offer for rural electrification corporation for ovoer 17 crore equity shares of 10 rupees each, constituting 20 per cent of existing paid up capital which comprises fresh issue of about 13 crore equity shares.<br/><br/>In a series of other decisions, the Cabinet Committee on Infrastructure approved four laning of National Highways from Barsat to Krishan Nagar section in West Bengal, Moradabad to Bareilli in Uttar Pradesh and Rohtat to Bawal in Haryana.<br/><br/>The CCEA also approved participation by ONGC Videsh Limited in the Upstrteam and Offshore Midstream exploration of two blocks in Myanmar. The investment is expected to provide additional reserve accretion of hydrocarbons and facilitate production and marketing of Natural Gas.