Cabinet Approval 16th January 2019 All MoU and Agreements with Details

Cabinet Approval 16th January 2019 All MoU and Agreements with Details
Cabinet Approval 16th January 2019 All MoU and Agreements with Details

Cabinet Approval 16th January 2019 All MoU and Agreements with Details

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


Cabinet approves ex-post facto approval for Agreement on the facilitation of visa arrangements signed between India and Maldives

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its ex-post facto approval to the Agreement on the facilitation of visa arrangements signed between India and Maldives signed in December, 2018.  (16th Jan 2019)


The Visa Facilitation Agreement signed during the visit of Maldivian President to India aims to further deepen people to people exchanges between the two countries making it easier for Maldivian and India nationals to travel to each others' countries for tourism, medical treatment, education as well as business and employment. 

The Agreement provides for 90-day visa free travel for tourism, medical and limited business purpose and also provides for easy conversion of such visa free entry to medical visa as well as visas for dependents of students and those pursuing employment in each other's territories...........Read More


Cabinet approves MoU between India and Australia on the safety in Mines

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval for signing a Memorandum of Understanding (MoU) between Directorate General of Mines Safety (DGMS), Ministry of Labour and Employment, Government of India and Department of Natural Resource Mines and Energy, Queensland Government, Australia through the Safety in Mines, Testing and Research Station (SIMTARS).


Impact:-


The MoU will help in establishing a partnership between DGMS and SIMTARS for: implementation of risk based safety management system, providing training, organising, conference, seminar and other technical meetings, setting up occupations safety and health academy and national mine disaster centre, and modernising R&D laboratory of DGMS.



Implementation strategy:-


The memorandum of understanding will become operative from the date of signing and remain in effect for three years.............Read More


Cabinet approves recapitalisation of Export-Import Bank of India

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the recapitalization of EXIM Bank. The details are as follows:- (16th Jan 2019)

Issuance of Recapitalization Bonds by Government of India to the tune of Rs.6,000 crore for capital infusion in Export Import Bank of India (Exim Bank).

The equity will be infused in two tranches of Rs. 4,500 crore in FY 2018-19 and Rs.1,500 crore in FY 2019-20 respectively.


The Cabinet also approved an increase in the authorized capital of Exim Bank from Rs. 10,000 crore to Rs. 20,000 crore. The recapitalisation bonds will be on the lines issued to Public Sector Banks.........Read More

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