<h1>Cabinet Committee on Investments Established to Speed Up Project Approvals and Clearances, Chaired by Prime Minister.</h1> A proposal was submitted to form a Cabinet Committee, chaired by the Prime Minister, to expedite project approvals and clearances. This committee would oversee major projects, ensuring timely decisions on licenses and permissions by setting deadlines in collaboration with relevant ministries. If decisions are delayed, the committee would investigate and address the causes to remove obstacles. The proposal was discussed in a Cabinet Meeting on December 13, 2012, resulting in the decision to establish the Cabinet Committee on Investments. This information was disclosed by the Finance Minister in response to a question in the Rajya Sabha.