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New Delhi: The Cabinet Committee on Economic Affairs (CCEA) is likely to take up Thursday a proposal to extend export subsidy to 1.4 million tonnes of raw sugar in the ongoing 2014-15 marketing year.

"The CCEA meeting is scheduled for Thursday. The sugar subsidy issue is on the agenda of the meeting," sources said.

As per the proposal, the Food Ministry has favoured extending export subsidy to 1.4 million tonnes of raw sugar with some conditions. It has proposed a subsidy of about Rs 4,000 a tonne, sources said.

The Ministry said that the country would be left with an exportable surplus of 1.4 million tonnes after meeting the domestic demand of 24.8 million tonnes.

New Delhi: Retirement fund body EPFO is likely to appoint fund managers Thursday for a three year term from April 1 and raise age limit for vesting of pension by two years to 60.

Both the proposals will be taken up for discussion and approval by the Employees' Provident Fund Organisation's apex decision making body - Central Board of Trustees (CBT) - as per the agenda listed for the meet.

Asset management firms ICICI Securities Primary Dealership, Reliance Capital AMC and HSBC AMC have emerged as top bidders for managing huge corpus of the EPFO.

Washington, Feb 18 : Formula One giants Ferrari has the fans drooling over the newly released image of its radical concept car ahead of the first race of the season next month in Australia.

London, Feb 18 : Apple reportedly had some sensors removed from its new smartwatch after discovering that arm hair was obstructing its functioning.

London, Feb 18 : Amanda Holden has admitted that she would pose nude for 'Playboy' if the price is right.

Washington, Feb 18 : At least 1.2 billion smartphones were sold in the year 2014, according to analysts at Germany-based Gfk.