Authorised capital of Food Corporation of India increased to Rs.10000 cr from Rs.3500 cr

Cabinet Committee on Economic Affairs (CCEA) approved increasing authorized capital of Food Corporation of India (FCI) from existing Rs.3,500 crore to Rs.10,000 crore. CCEA was chaired by Prime Minister Narendra Modi. Key Highlights FCI’s operations require maintaining perpetual stock of foodgrains which needs to be funded by government of India through equity or via long ..

Month: Current Affairs - November, 2019

Category: Economy & Banking Current Affairs

Topics: Cabinet Committee on Economic Affairs • Cabinet Decision • CCEA • FCI • Food Corporation of India • Ministry of Consumer Affairs • National Food Security Act

Cabinet approves MoUs with Saudi Arabia to combat smuggling of narcotic drugs

Union Cabinet has given ex-post facto approval for Memorandum of Understandings (MoUs) between Republic of India and Kingdom of Saudi Arabia in field of combating illicit trafficking and smuggling of Narcotic Drugs, Psychotropic Substances and Chemical Precursors. Highlights of MoU It will facilitate as well as enhance cooperation between India and Saudi Arabia in combating ..

Month: Current Affairs - November, 2019

Category: International Current Affairs

Topics: India-Saudi Arabia • Narcotic Drugs • NDPS • Precursors Chemicals • Psychotropic Substances • UN International Drug Control Conventions

Cabinet approves loan waiver of worth Rs.4 Cr against Sikkim Mining Corporation

Cabinet Committee on Economic Affairs (CCEA) has approved waiver of repayment of loan and interest thereon, of nearly worth Rs.4 crore outstanding against Sikkim Mining Corporation (SMC) including interest accrued on total amount from 1 April 2019, till this approval outstanding against SMC. CCEA is chaired by Prime Minister Narendra Modi. Benefit: Further, accumulation of ..

Month: Current Affairs - November, 2019

Category: Economy & Banking Current Affairs

Topics: Cabinet Decision • CCEA • Committee on Economic Affairs • Mining • Ministry of Development of North Eastern Region • Sikkim • Sikkim Mining Corporation

India-Myanmar MoU on bilateral cooperation for Prevention of Trafficking in Persons

Union Cabinet has approved the Memorandum of Understanding (MoU) signed between India and Myanmar on bilateral cooperation for Prevention of Trafficking in Persons; Rescue, Recovery, Repatriation and Re-integration of victims of Trafficking. The cabinet was chaired by Prime Minister Narendra Modi. Key Highlights of MoU Objective: To increase bilateral cooperation on the issues of prevention, ..

Month: Current Affairs - November, 2019

Topics: Border Security • Cabinet Decisons • Human trafficking • India-Myanmar • Narendra Modi

Cabinet approves Double Taxation Avoidance Agreement between India-Chile

Union Cabinet has approved the signing of Double Taxation Avoidance Agreement (DTAA) and Protocol between Republic of India and Republic of Chile. This will help in elimination of double taxation as well as prevention of fiscal evasion and avoidance with respect to taxes on income. Major impact of DTAA Agreement and Protocol It will facilitate ..

Month: Current Affairs - November, 2019

Category: International Current Affairs

Topics: Base Erosion Profit Shifting • BEPS project • Cabinet Decision • double taxation avoidance agreements • Dtaa • G-20 • India-Chile • OECD