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Cabinet Approval 10th January 2019 All MoU and Agreements with Details

Cabinet Approval 10th January 2019 All MoU and Agreements with Details
Cabinet Approval 10th January 2019 All MoU and Agreements with Details 

Cabinet Approval 10th January 2019 All MoU and Agreements with Details 

Union Cabinet Approval 10th January 2019 All MoU and Agreements with Details given below:-

Cabinet approves Bilateral Swap Arrangement between India and Japan

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for entering into an Agreement for Bilateral Swap Arrangement (BSA) between India and Japan and authorizing the Reserve Bank of India (RBI) to sign the Agreement for Bilateral Swap Arrangement between the RBI and the Bank of Japan for a maximum amount of USD 75 billion.

Salient Features:-

The swap arrangement is an agreement between India and Japan to essentially exchange and re-exchange a maximum amount of USD 75 Billion for domestic currency, for the purpose of maintaining an appropriate level of balance of payments for meeting short-term deficiency in foreign exchange.


The BSA is a very good example of mutual cooperation between India and Japan for strategic objective of assisting each other in times of difficulty and for restoring international confidence. This facility will enable the agreed amount of Capital being available to India on tap for use.

Also, with this arrangement in place, prospects of Indian companies would improve in tapping foreign capital as there would be greater confidence in stability of country’s exchange rate. Availability of such swap line to tide over difficulties arising out of Balance of Payment (BOP) would deter speculative attacks on the domestic currency and greatly enhance the RBI’s ability to manage exchange rate volatility..........Read More

Cabinet approves India-France pact on technical cooperation in renewable energy

The Union Cabinet chaired by Prime Minister Narendra Modi has been approved the Memorandum of Understanding (MoU)between India and France on technical bilateral cooperation in the field of new and renewable energy. The MoU was signed on 3rd October, 2018.

Salient Features

India and France aim to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable issues on the basis of mutual benefit, equality and reciprocity. The technical cooperation will cover joint research working groups, pilot projects, capacity building programs, study tour, case studies and the sharing of experience/expertise.


The MoU will help in strengthening bilateral cooperation between India and France.......Read More

Cabinet approves MoU on Maritime issues between India and Denmark

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoU) on Maritime issues between India and Denmark. The MoU is proposed to be signed during the upcoming visit of the WIP from Denmark to India in January, 2019.


Signing of the MoU will pave way for both countries for exploration of areas for bilateral collaboration: facilitating cross-border cooperation and investments between the maritime sectors of India and Denmark; 

    Enabling both the countries to exchange expertise, publications, information, data and statistics to improve mutual capabilities for ensuring quality shipping;

      Cooperation in the field of green maritime technology and shipbuilding, granting the Indian Register of Shipping (IRS) the status of Recognized Organization (RO), cooperation in the fields of maritime training and education;

        Research and development for sustained cooperation in the field of merchant shipping and maritime transport related matters; and

          It will also further extend and deepen the cooperation on the opportunities of mutual benefits to both the countries, at both bilateral and international level......Read More

          Cabinet approves development of advanced model single window with Japan

          The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoUs) between India and Japan on Development of Advanced Model Single Window.


          The MoU would lead to cooperation between India and Japan on the development of ‘Advanced Model Single Window’ and its operationalization in Central and State Governments in India for taking administrative procedures necessary for business operations, and to develop a structure in which those procedures are completed in an expeditious manner, so as to accelerate India’s effort to promote Ease of Doing Business in India. 

          The ‘Advanced Model Single Window’ is based on the best practices in and outside India, with measurable parameters and identify possible obstacles for establishment of the Single Window in India. It will thus, facilitate investments.........Read More

          Cabinet approves Signing of the TOR provide tax assistance to Swaziland

          The Union Cabinet chaired by Prime Minister  Narendra Modi has approved the Signing of Terms of Reference (TOR) governing the engagement of the designated Indian Expert to provide tax assistance to Swaziland (now known as Eswatini) under the Tax Inspectors Without Borders Programme between India and Eswatini.

          Point-wise details given below:-

          An Indian Expert has been mutually selected by the Government of India and the Government of the Kingdom of Eswatini under the TIWB programme.

          The Terms of Reference will formalize the conditions of the engagement of the designated Indian Expert to provide tax assistance to Eswatini under the TIWB Programme. Major Impact..........Read More

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