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| Cabinet Approval 4th March 2020 All MoU and Agreements with Details |
Cabinet Approval 4th March 2020 All MoU and Agreements with Details
Cabinet Approval 4th March 2020 All MoUs Agreements List.: Union Cabinet Approval 4th March 2020 All MoU and Agreements with Details Given Below:
Cabinet approves merger of 10 Public Sector Banks PSBs with effect from 1st April 2020
Cabinet approves Mega Consolidation in Public Sector Banks (PSBs) with effect from 1.4.2020: The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the mega consolidation of ten Public Sector Banks (PSBs) into four which include the –
Cabinet approves merger of 10 Public Sector Banks PSBs in 4:
- Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank
- Amalgamation of Syndicate Bank into Canara Bank
- Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India
- Amalgamation of Allahabad Bank into Indian Bank
The amalgamation would be effective from 1.4.2020 and would result in creation of seven large PSBs with scale and national reach with each amalgamated entity having a business of over Rupees Eight lakh crore..........Read More
Read: World Bank and India Sign USD 88 million loan agreement for Inland Water Transport Project in Assam
Cabinet approves MoU between India and Côte d’lvoire for cooperation in the field of Health
The Union Cabinet has approved a Memorandum of Understanding (MoU) between Ministry of Health and Family Welfare of the Republic of India and the Ministry of Health and Public Hygiene of the Republic of Cote d'lvoire on Cooperation in the field of Health.
The Memorandum of Cooperation covers the following areas of cooperation:-
- Exchange & training of medical doctors, officials, other health professionals and experts in the field of advanced medical technology, nuclear medicine, renal transplantation, cardiac surgery, nephrology, hemodialysis and medical research;
- Regulation of drugs and pharmaceutical products;
- Assistance in development of human resources and setting up of health care facilities;
- Medical and health research development;
- Management of healthcare sector and public health services including medical evacuations;
- Procurement of generic and essential drugs and assistance in sourcing of drug supplies;
- Collaboration and research in the field of HIV/AIDS;......Read More
Cabinet approves Companies (Second Amendment) Bill, 2019
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the Companies (Second Amendment) Bill, 2019 to amend the Companies Act, 2013.
The Bill would remove criminality under the Act in case of defaults which can be determined objectively and which, otherwise, lack the element of fraud or do not involve larger public interest. This would also lead to further de-clogging of the criminal justice system in the country. The Bill would also further ease of living for law abiding corporates.
Earlier, the Companies (Amendment) Act, 2015 amended certain provisions of the Act to remove difficulties faced in implementation of various provisions of the Act.
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