Decisions taken by the Union Cabinet

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Cabinet approves signing of MoU between India and Bulgaria in the field of tourism

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the signing of Memorandum of Understanding (MoU) between India and Bulgaria for strengthening cooperation in the field of Tourism.

Details:

The main objectives of the Memorandum of Understanding are:

a)    To expand bilateral cooperation in the tourism sector

b)    To exchange information and data related to tourism

c)    To encourage cooperation between tourism stakeholders including Hotels and Tour operators,

d)    To   establish   exchange   programme   for  cooperation   in   Human   Resource Development.

e)    To exchange visits of Tour Operators / Media /Opinion Makers for promotion of two way tourism

f)    To exchange experiences in the areas of promotion, marketing, destination development and management.

g)    Foster bilateral cooperation  through  film tourism  for promoting the two countries as attractive tourism destinations and

h)    To promote safe, honorable and sustainable tourism.

·         Cabinet apprised of the MoU between India and Republic of Korea on the cooperation in the field of railways

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) on the cooperation between Research Designs and Standards Organisation (RDSO), India and Republic of Korea Railroad Research Institute (KRRI) to strengthen and promote scientific and technical cooperation in the field of railways.  The MoU was signedon 10thJuly 2018.

Details:

The MoU will provide a framework of cooperation for focused approach in following key areas:-

a.      Planning and execution of Joint research for the mutual interests;

b.      Co-operation in setting up of latest railway R&D facilities in India;

c.       Planning and execution of Technical seminar or forum;

d.      Short Term Training Programme for RDSO personnel by KRRI;

e.      Exchange Programme of Personnel between KRRI & RDSO for limited period, for specific Projects;

f.        Consultancy for the development of railway industry of both the countries; and

g.      Any other form of cooperative activities agreed upon by the Parties.

·         Cabinet apprised of the MoU between India and United Kingdom and Northern Irelandon the Cooperation in the fields of Animal Husbandry, Dairying and Fisheries

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and United Kingdom (UK) and Northern Ireland for cooperation in the fields of Animal Husbandry, Dairying and Fisheries.  The MoU was signed on 17.04.2018.

The MoU aims to develop bilateral cooperation in the field of Animal Husbandry, Dairying and Fisheries for the purpose of increasing production and productivity of Indian livestock and fisheries.

Impact:

The partnership is expected to improve livestock health, livestock breeding and Fisheries aiming at enhancing Dairy, Fisheries and Animal Products for domestic consumption and export.The MoU would promote consultation and cooperation on livestock husbandry, fisheries and dairy through:

·         Matters of mutual concern or interest in relation to livestock husbandry, fisheries and related matters

·         Collaboration in livestock health and husbandry, breeding dairying and fisheries

·         Management and mechanism to enrich feed & fodder nutritionally and its bulk transportation in deficit areas to realise higher productivity and production in livestock

·         Sanitary issues concerning trade in livestock, animal husbandry and animal products

·         Development of high tech fodder tree species nurseries with fodder crops and promotion of agro-forestry tor planting fodder tree species under integrated farming system including soil moisture conservation in drought prone areas

·         Areas of exchange of scientific personnel for study tour/training in mutually agreed areas

·         Collaboration for joint research for cross-learning with regard to innovative Agriculture Extension approaches including the use of information and communication technology (ICT)

·         Any other matter of joint interest

 A Joint Working Group (]WG) consisting of representatives of each party shall be created to formulate joint programs and to facilitate cooperation & consultation.

·         Cabinet approves signing of Air Services Agreement between India and Morocco

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the revised air services agreement to be signed between India and Morocco. After the new Air Services Agreement comes into force, the existing Air Services Agreement of December, 2004 shall stand superseded.

Benefits:

The Air Services Agreement signifies an important landmark in the civil aviation relations between India and Morocco and has the potential to spur greater trade, investment, tourism and cultural exchanges between the two countries.  It will provide enabling environment for enhanced and seamless connectivity while providing commercial opportunities to the carriers of both the sides ensuring greater safety and security.

Details:

Major features of the Agreement include:

i)          Multiple designation of Airlines by each party;

ii)         The designated Airline of each party can enter into cooperative marketing arrangements with the designated carriers of same party, other party and that of a third party;

iii)        This agreement allows designated airlines of either countries to establish offices in the territory of other country for the promotion and sale of air services;

iv)        The designated airlines of the both countries can operate any number of services to/from the six points specified in the Route Schedule to the ASA viz. Indian designated carriers can operate any number of services to/from Casablanca, Rabat, Marrakesh, Agadir, Tangier and Fez in Morocco and similarly the designated carriers of Morocco can operate any number of services to/from New Delhi,  Mumbai, Kolkata,  Chennai,  Bengaluru and Hyderabad.

v)         Air Services Agreement also has the provisions relating to Revocation or Suspension of Operating Authorization, Principles governing operations of agreed services, commercial opportunities, safety and security related clause etc. that have been incorporated in line of Indian Model ASA.

·         Cabinet approves Trade Cooperation Framework between India and Rwanda

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the trade cooperation framework between India and Rwanda.   The trade cooperation framework was signed on 23rd July, 2018.

The trade cooperation framework will facilitate better trade and economic relations between the two countries.

·         Cabinet approves Memorandum of Understanding between India and USA in insurance regulatory sector

 

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between Insurance Regulatory and Development Authority of India (IRDAI) and the Federal Insurance Office, USA.

Impact:

The MoU provides a framework for cooperation and coordination, including for the exchange of information and research assistance with respect to each Authority’s overview and other lawful responsibilities.  Under the agreement, both the countries intend to share their experiences on various regulatory functions and to provide mutual assistance including training activities.  India andUSA have also agreed to continue to facilitate cooperation on international standard-setting activities, financial stability and the development and implementation of consumer protection through sound prudential regulation of the insurance sector.

·         Cabinet approves additional 2 percent Dearness Allowance (DA) for Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1st July, 2018

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modihas approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2018 representing an increase of 2% over the existing rate of 7% of the Basic Pay/Pension, to compensate for price rise.

The combined impact on the exchequer on account of both Dearness Allowance and Deamess Relief would be Rs.6112.20 crore per annum and Rs.4074.80 crore in the financial year 2018-19 (for a period of 08 months from July, 2018 to February, 2019).

This will benefit about 48.41 lakh Central Government employees and 62.03 lakh pensioners.

This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

·         Cabinet approves Revised Cost Estimate for setting up of India Post Payments Bank

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for revision of the project outlay for setting up of India Post Payments Bank (IPPB) from Rs. 800 crore to Rs. 1,435 crore.  The additional sum of Rs. 635 crore in the revised cost estimates is on account of Rs 400 crore for Technology Costs and Rs 235 crore for Human Resource Costs.

Details:

·         IPPB services shall be available at 650 IPPB branches and 3250 Access Points from 1st September 2018 and in all 1.55 lakh post offices (Access Points) by December 2018.

·         The project will generate new employment opportunity for about 3500 skilled banking professionals and other entities engaged in propagating financial literacy across the country.

·         The objective of the project is to build the most accessible, affordable and trusted bank for the common man; spearhead the financial inclusion agenda by removing the barriers for the unbanked and reduce the opportunity cost for the under banked populace through assisted doorstep banking.

·         The project will supplement Government’s vision of “less cash” economy and at the same time promote both economic growth and financial inclusion.

·         The robust IT architecture of IPPB has been built taking into consideration bank grade performance, fraud and risk mitigation standards and in line with the best practices from payments & banking domain.

IPPB services:

The IPPB will provide bouquet of payments/financial services through its technology enabled solutions which will be distributed by the Department of Posts (DoP) employees/last mile agents transforming them from mail deliverer to harbinger of financial services.

The  IPPB shall pay incentive/commission to the last mile agents ( Postal Staff and Gramin Dak Sewaks) directly in their accounts for providing IPPB services so as to motivate them to promote IPP8 digital services to the customers.

A part of commission to be paid by IPPB to Department of Posts will be used for increasing the wherewithal of Post office

·         Cabinet approves Umbrella scheme “Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART)” of Ministry of Earth Sciences

 

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval for the umbrella scheme “Ocean Services, Technology, Observations, Resources Modelling and Science (O-SMART)”, for implementation during the period from 2017-18 to 2019-20 at an overall cost of Rs.1623 crore.  The scheme encompasses a total of 16 sub-projects addressing ocean development activities such as Services, Technology, Resources, Observations and Science.

Impact:

The services rendered under the O-SMART will provide economic benefits to a number of user communities in the coastal and ocean sectors, namely, fisheries, offshore industry, coastal states, Defence, Shipping, Ports etc.  Currently, five lakhs fishermen community are receiving this information daily through mobile which includes allocation of fish potential and local weather conditions in the coastal waters.  This will help in reducing the search time for fishermen resulting savings in the fuel cost.

Implementation of O-SMART will help in addressing issues relating to Sustainable Development Goal-14, which aims to conserve use of oceans, marine resources for sustainable development.  This scheme (O-SMART) also provide necessary scientific and technological background required for implementation of various aspects of Blue Economy.

The State of Art Early Warning Systems established under the O-SMART Scheme will help in effectively dealing with ocean disasters like Tsunami, storm surges.

The technologies being developed under this Scheme will help in harnessing the vast ocean resources of both living and non-living resources from the seas around India.

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