Cabinet Approval 23rd October 2019 All MoU and Agreements with Details

Cabinet Approval 23rd October 2019 All MoU and Agreements with Details

Cabinet Approval 23rd October 2019 All MoU and Agreements with Details

Union Cabinet Approval 23rd October 2019 All MoU and Agreements with Details Given Below:

Union Cabinet approves BSNL and MTNL to be merged, 15000 crore to be given in revival plan

The Union Cabinet approved the proposal for revival of BSNL and MTNL by administrative allotment of spectrum for 4G services, debt restructuring by raising of bonds with sovereign guarantee, reducing employee costs, monetisation of assets and in-principle approval of merger of BSNL & MTNL.

BSNL and MTNL will also raise long-term bonds of Rs 15,000 Cr for which sovereign guarantee will be provided by the Government of India (GoI).

 Also Read: Cabinet approves proposal for Agreement on Science and Technology Cooperation between India and USA

Administrative allotment of spectrum for 4G services to BSNL and MTNL so as to enable these PSUs to provide broadband and other data services.

By using this spectrum allotment, BSNL and MTNL will be able to deliver 4G services, compete in the market and provide high speed data using their vast network including in rural areas......Read More

Cabinet approves proposal for Agreement on Science and Technology Cooperation between India and USA

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for Agreement on Science and Technology Cooperation between India and the United States of America.

The Agreement will open a new chapter in bilateral relations as both sides will leverage complementary strengths spurred by a significant convergence of mutual interests in science and technology.

Also Read: Cabinet approves administrative arrangements on Cooperation between Railways and European Commission

The Agreement would provide an opportunity to promote ‘high quality’ and ‘high impact’ research and innovation partnerships as well as broadening and expanding relationships between the extensive scientific and technological communities.......Read More

Cabinet approves administrative arrangements on Cooperation between Railways and European Commission

The Union Cabinet chaired by Prime Minister Narendra Modi has approved administrative arrangement on Cooperation in the field of Railways between the Ministry of Railways, India and the Directorate General for Mobility and Transport of the European Commission to strengthen future technical exchanges and cooperation.

 The Administrative arrangement has been signed on 3rd September, 2019.

This Administrative Arrangement will provide a framework of cooperation for focused approved in following key areas:-

• Rail Reform and Regulations with particular emphasis on the impact of EU legislative framework on safety, interoperability, economic governance and financial sustainability of Railways;
• Railway Safety;
• The benefits of standardisation as well as harmonized conformity assessment and procurement procedures for economic performance of Railways;
• Signalling/control systems (including the European ERTMS system);......Read More

Cabinet approves MoU between India and Kuwait in the field of accounting, finance and audit knowledge base

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoU) for capacity building and strengthening the accounting, financial and audit knowledge base in Kuwait.

This MoU entails working together of Institute of Chartered Accountants of India (ICAI) and Kuwait Accountants and Auditors Association (KAAA) will work together to hold and conduct technical events, seminars and conferences in Kuwait for the benefit of both organizations’ members and development of their professional expertise. Costs will be shared as agreed in writing by both parties for each event.

 Also Read: Cabinet approves proposed MoU between India and St Vincent & the Grenadines on cooperation in Traditional Medicine

ICAI and KAAA shall work together for establishing possible cooperation in respect of Corporate Governance, technical research and advice, quality assurance, forensic accounting, issues concerning Small and Medium-sized Practices (SMPs), Islamic Finance, Continuing Professional Development (CPD) and other subjects of mutual interest.

The aim of the MoU is to work together to develop a mutually beneficial relationship for the best interest of ICAI members, students and their organizations......Read More

Cabinet approves proposed MoU between India and St Vincent & the Grenadines on cooperation in Traditional Medicine

The Union Cabinet chaired by the Prime Minister Narendra Modi has given ex post-facto approval to the proposed Memorandum of Understanding (MoU) between India and St. Vincent & the Grenadines on cooperation in the field of Traditional Systems of Medicine. 

 The MoU was signed at New Delhi on 11th September 2019.

The MoU will provide a framework for cooperation between India and St. Vincent & the Grenadines for the promotion of traditional systems of medicines and will mutually benefit the two countries in the field......Read More