i. India-Samoa tax information exchange agreement approved
The Union Cabinet on Wednesday approved an agreement between India and Samoa for exchange of tax related information. The proposal to sign and ratify the agreement between India and Samoa was approved by the Union Cabinet. The agreement will stimulate the flow of exchange of information between India and Samoa for tax purposes which will help curb tax evasion and tax avoidance.
ii. Cabinet approves Rs 1,102 crore submarine cable link to Andaman and Nicobar
The Union Cabinet has given its approval for provision of a direct communication link through a dedicated submarine Optical Fibre Cable (OFC) between Mainland (Chennai) and Port Blair & five other islands.
iii. Cabinet gives ex-post facto approval to enhancement of Pension for Freedom Fighters
The Union Cabinet has given its ex-post facto approval to enhancement of Pension for Freedom Fighters and for the spouses, eligible daughters and dependent parents of deceased Freedom Fighters, under the Swatantrata Sainik Samman Pension Scheme (SSSPS), 1980.
iv. Cabinet approves enactment of Admiralty Bill 2016
The Union Cabinet has given its approval to the proposal of Ministry of Shipping to enact Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill 2016 and to repeal five archaic admiralty statutes.
v. Cabinet Committee gives approval to wind up Hindustan Diamond Company
The Cabinet Committee on Economic Affairs has approved shutting down of Hindustan Diamond Company Pvt Ltd (HDCPL). This company is a joint venture between the Centre and De Beers Centenary Mauritius Ltd (DBCML) which supplies rough diamonds to the processing industry.
vi. Cabinet approved merging of Rail budget with Union Budget
The Union Cabinet decided to merge the Railway budget with the General budget and agreed in-principle to advance the date of its presentation in Parliament from the usual February end.
Source – The Hindu