Some of the major functions of CCEA are as follows:
1) Review economic trends on a continuous basis, as also the
problems and prospects, with a view to evolving a consistent and integrated
economic policy framework for the country.
2) CCEA also directs and coordinates all
policies and activities in the economic field including foreign investment that
require policy decisions at the highest level.
3) Matters regarding
fixation of prices of agricultural products as well as reviewing progress of
activities related to rural development including those concerning small and
marginal farmers are in CCEA’s competence.
4) Price controls of
industrial raw materials and products, industrial licensing policies including
industrial licensing cases for establishment of Joint Sector Undertakings,
reviewing performance of Public Sector Undertakings including their structural
and financial restructuring are also within the purview of CCEA, as are all matters
relating to disinvestment including cases of strategic sale, and pricing of
Government shares in Public Sector Undertakings (except to the extent entrusted
to an Empowered Group of Ministers).
6) CCEA facilitates
finalisation of factual reports on the accomplishments of the Ministries,
Agencies and Public Sector Undertakings involved in implementation of
prioritised schemes or projects for evaluation by the Prime Minister. The CCEA
also considers cases of increase in the firmed up cost estimates/revised cost
estimates for projects etc. in respect of the business allocated to the CCEA.