Union Cabinet Approvals


The Union cabinet approved an MoU with Myanmar for cooperation in the field of traditional systems of medicine. In another major step in fight against tax evasion, the Cabinet gave its approval to the revised DTAA between India and Cyprus that provides for source-based taxation of capital gains on transfer of shares instead of one based on residence.

The Union Cabinet approved of a new air services agreement between India and Fiji that would allow Indian airlines to fly to any point in the island nation. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been approved of the signing of a Memorandum of Understanding (MoU) between India and South Africa to establish cooperation in Grassroots Innovation.
Source – The Economics Times
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