The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given the following set of approvals. The full list of Cabinet Approvals is given as follows.
Cabinet has approved-
- MoU on “India-Israel Industrial R&D and Technological Innovation Fund”- India and Israel will make a contribution of four million US Dollars each for the Fund, both equivalent amount, annually for five years. The Innovation Fund will be governed by a joint Board which will consist of four members from each country.
- Promulgation of the Goods and Services Tax (Compensation to States) Ordinance, 2017- The approval would allow to increase the maximum rate at which the Compensation Cess can be levied from 15% to 25% on motor vehicles for transport of not more than thirteen persons, including the driver.
- MoU with Myanmar for the Conservation of Earthquake-Damaged Pagodas at Bagan.
- MoU between India and Brazil for cooperation in the fields of Zebu Cattle Genomics and Assisted Reproductive Technologies.
Source- Press Information Bureau (PIB)
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