Cabinet Approval 17th August 2022 All MoU and Agreements with Details

Cabinet Approval 17th August 2022 All MoU and Agreements with Details

Cabinet Approval 17th August 2022 All MoU and Agreements with Details

Cabinet Approval 17th August 2022 All MoUs Agreements List. Union Cabinet Approval 17th August 2022 All MoU and Agreements with Details Given Below:

Cabinet approves India and France Contract to support ITF activities on the Indian Transport Sector  

The Union Cabinet, chaired by the Prime Minister Narendra Modi was apprised of the signing of Contract between the Organisation for Economic Cooperation and Development, France on behalf of the International Transport Forum and the Technology Information, Forecasting and Assessment Council (TIFAC), India to support the International Transport Forum (ITF) activities on the Indian Transport Sector.

The Contract was signed on 6th July, 2022.....Read More

Cabinet approves Interest subvention of 1.5% per annum on short term Agriculture loan 

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved to restore Interest Subvention on short term agriculture loans to 1.5% for all financial institutions. Thus, Interest Subvention of 1.5% will be provided to lending institutions (Public Sector Banks, Private Sector Bank, Small Finance Banks, Regional Rural Banks, Cooperative Banks and Computerized PACS directly ceded with commercial banks) for the financial year 2022-23 to 2024-25 for lending short term agri-loans upto Rs 3 lakh to the farmers.

Cabinet approves widening access of the Traditional Knowledge Digital Library (TKDL) database to users 

The Cabinet chaired by the Prime Minister Narendra Modi has approved the “Widening access of the Traditional Knowledge Digital Library (TKDL) database to users, besides patent offices”.

The opening up of the TKDL database to users is an ambitious and forward-looking action by the Government of India. This will be a new dawn for Indian traditional knowledge, as the TKDL will drive research & development, and innovation based on India’s valued heritage across diverse fields.

The opening up of the TKDL is also envisaged to inculcate thought and knowledge leadership through Bharatiya Gnana Parampara, under the New Education Policy 2020.

About Traditional Knowledge Digital Library (TKDL)

The Traditional Knowledge Digital Library (TKDL) is a prior art database of Indian traditional knowledge established in 2001, jointly by the Council of Scientific and Industrial Research (CSIR) and Department of Indian Systems of Medicine and Homeopathy (ISM&H, now Ministry of AYUSH). 

The TKDL is a first of its kind globally and has been serving as an exemplary model to other nations. The TKDL currently contains information from existing literature related to ISM such as Ayurveda, Unani, Siddha, Sowa Rigpa and Yoga. 

The information is documented in a digitized format in five international languages which are English, German, French, Japanese and Spanish. TKDL provides information in languages and format understandable by patent examiners at Patent Offices worldwide, so as to prevent the erroneous grant of patents. 

Until now, access to the complete TKDL database is restricted to 14 Patent Offices worldwide for the purposes of search and examination. This defensive protection through TKDL has been effective in safeguarding Indian traditional knowledge from misappropriation, and is considered a global benchmark.

Cabinet approves enhancement in the corpus of Emergency Credit Line Guarantee Scheme

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the enhancement in the limit of Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 crore from Rs. 4.5 Lakh crore to Rs. 5 Lakh crore, with the additional amount being earmarked exclusively for enterprises in hospitality and related sectors.

The increase has been done on account of the severe disruptions caused by COVID-19 pandemic on hospitality and related enterprises.

ECLGS is a continuing scheme. The additional amount of Rs. 50,000 crore would be made applicable to enterprises in hospitality and related sectors till validity of the scheme which is 31.3.2023.