The Union Cabinet has approved increasing of Government ownership in Goods and Services Tax Network (GSTN) and change in the existing structure with a transitional plan. The plan includes the acquisition of entire 51 per cent equity held by the non-government Institutions in GSTN equally by the centre and the state governments and to allow GSTN Board to initiate the process for acquisition of equity held by the private companies.
It will also allow a change in the existing composition of the Board of GSTN inducting three directors from the centre and the states and three other independent directors to be nominated by the Board of Directors and one Chairman and the CEO. Thus the total number of Directors will be 11. The Union Cabinet has approved providing central assistance worth Rs 620.42 crore and Rs 205.758 crore for implementation of relining of Rajasthan Feeder Canal and Sirhind Feeder Canal respectively over five years from 2018-19 to 2022-23.
The Union Cabinet chaired by Prime Minister Narendra Modi on September 26, 2018, approved the Memorandum of Understanding (MoU) signed between India and Uzbekistan on mutual cooperation in combating illicit trafficking in narcotics, drugs, psychotropic substances and precursors. It will facilitate greater cooperation between India and Uzbekistan in providing legal services in both countries in the field of exchange of experience through information sharing visits and training between both countries on enhancing legal capacities of government functionaries.
The Union Cabinet has approved the MoU between India and Uzbekistan for the establishment of the Uzbek-Indian Free Pharmaceutical Zone in the Andijan Region of Uzbekistan. The MoU will be signed during the visit of President of Uzbekistan to India on October 1, 2018. The agreement between India and Uzbekistan provides for cooperation in exchange of information regarding laws, standards and product samples of mutual interest, the establishment of joint agriculture clusters in Uzbekistan and exchange of experience in the field of crop production and their diversification.
The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between National Institute for Transforming India (NITI) Aayog, and Ministry of Economic Development of the Russian Federation (MEDRF) in the field of social, economic, industrial and regional development programs. The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and the Institute of Certified Public Accountants of Kenya (ICPAK).