Important Cabinet Approvals- 30th August

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-
  1. 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.
  2. 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.
  3. MoU with Myanmar for the Conservation of Earthquake-Damaged Pagodas at Bagan.
  4. 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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