Cabinet Approval 16th March 2021 All MoU and Agreements with Details

Cabinet Approval 16th March 2021 All MoU and Agreements with Details

Cabinet Approval 16th March 2021 All MoU and Agreements with Details

Cabinet Approval 16th March 2021 All MoUs Agreements List.: Union Cabinet Approval 16th March 2021 All MoU and Agreements with Details Given Below:

Cabinet approves MoU between India and Maldives on Cooperation in Sports and Youth Affairs 

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, was apprised of a Memorandum of Understanding (MoU) signed between the Ministry of Youth Affairs and Sports of the Republic of India and the Ministry of Youth, Sports and Community Empowerment of the Republic of Maldives for cooperation in Sports and Youth Affairs. The MoU was signed on November, 2020.) 

Objectives:

Bilateral exchange programmes in the field of sports and youth affairs between India and Maldives will help in expanding knowledge and expertise in the area of sports science, sports medicine, coaching techniques, participation in youth festivals and camps which would result in improvement in performance of our sportspersons in international tournaments and strengthening of bilateral relations between India and Maldives.

Benefits arising from bilateral cooperation in the field of sports and youth affairs with Maldives would be equally applicable to all sportspersons irrespective or their caste, creed, region, religion and gender.

Cabinet approves closure of Handicrafts and Handlooms Export Corporation of India Limited 

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the closure of Handicrafts and Handlooms Export Corporation of India Limited (HHEC), the Corporation, a Government of India undertaking under the administrative control of the Ministry of Textiles.

There are 59 permanent employees and 6 Management Trainees serving in the Corporation. All the permanent employees and Management Trainees will be given an opportunity to availthe benefit of a Voluntary Retirement Scheme (VRS) as per norms laid down by the Department of Public Enterprises.

The approval will benefit the Government exchequer in reducing recurring expenditure on salary/wages of sick CPSE which is not in operation and earning no income.

Cabinet approves Revised Cost Estimates for strengthening of Transmission and Distribution in Arunachal Pradesh and Sikkim

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, in a major step towards economic development of the States of Arunachal Pradesh and Sikkim through strengthening of Intra - State Transmission and Distribution systems has approved the Revised Cost Estimate (RCE) of Comprehensive Scheme for Strengthening of Transmission & Distribution in Arunachal Pradesh and Sikkim at an estimated cost of Rs. 9129.32 crore.

The scheme is being implemented through POWERGRID, a Public Sector Undertaking (PSU) under Ministry of Power in association with Sikkim and Arunachal Pradesh and is targeted to be commissioned in phased manner by December 2021 for awarded scope of works and 36 months from RCE approval for un-awarded packages. After commissioning, the created transmission and distribution system will be owned and maintained by the respective State Utilities.

The main objective of the scheme is Government commitment for the total economic development of Arunachal Pradesh and Sikkim and to strengthen the Intra-State Transmission & Distribution Infrastructure in the states by providing grid connectivity to remote distant locations.