Top Cabinet Approvals: 24 October 2018

The Union Cabinet, chaired by the Prime Minister Narendra Modi has given its ex-post facto approval for Memorandum of Understanding (MoU) signed among the BRICS Nations on Environmental Cooperation. The MoU was signed during the 10th BRICS Summit in July 2018 in Johannesburg, South Africa. The agreement aims to expand cooperation in areas including air quality, water, biodiversity, climate change and waste management.

The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval to the Memorandum of Understanding (MoU) signed between India and Singapore in June 2018 on the constitution of a Joint Working Group (JWG) on FinTech. The Joint Working Group has been constituted for cooperation in the area of finance technology between the two countries.

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the setting up of Indian Institute of Skills (IISs) at different locations across the country in Public-Private Partnership (PPP). The setting up of IISs is expected to augment the global competitiveness of key sectors of the Indian economy by providing high-quality skill training, applied research education and a direct and meaningful connection with industry.

The Union Cabinet has approved the signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Certified Professional Accountants Afghanistan (CPA Afghanistan). The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the signing of Bilateral Investment Agreement (BIA) between India Taipei Association (ITA) in Taipei and Taipei Economic and Cultural Center (TECC) in India.

It also aims to enhance cooperation in the implementation of the 2030 Agenda for Sustainable Development and Sustainable Development Goals. The MoU will enable establishment and promotion of closer and long-term, cooperation between the BRICS countries in the field of environment protection and management of natural resources on the basis of equity, reciprocity and mutual benefits, taking into account the applicable Jaws find legal provisions in each country.

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its ex-post facto approval for the Memorandum of Understanding (MoU) among Brazil, Russian Federation, India, China and South Africa, regarding cooperation in the social and labour sphere. The MoU was signed on August 3, 2018, during BRICS Labour and Employment Ministers (LEM) Meeting.

The existing institutional mechanisms for the National Health Mission (NHM) would be utilised to implement the decision. The proposal entails an estimated additional expenditure of Rs 46.95 crore comprising of Rs 15.65 crore during 2018-19 (for six months) and Rs 31.30 crore during 2019-20 as central share.

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