Policy

Cabinet clears IBSA fund; security pact with Germany; Kashmir packages

Our Bureau New Delhi | Updated on January 22, 2018 Published on November 18, 2015


The Cabinet on Wednesday gave ex-post facto approval for the MoU between India and Germany on security cooperation.

The pact aims to further strengthen the relationship between the two nations for building peace and stability through the exchange of information, expertise, best practices and technology.

The Cabinet also approved the signing of the Tripartite Agreement among India, Brazil and South Africa (IBSA), on the IBSA Fund for the Alleviation of Poverty and Hunger, an official statement said.

German language

Nod was also received for a Joint Declaration of Intent between the Ministry of Human Resource Development and Federal Foreign Office of Germany on the promotion of German as an additional foreign language in Kendriya Vidyalayas.

Apart from this, the Cabinet gave ex-post facto approval to the signing of an MoU between The Civil Aviation Ministry and Germany’s Ministry of the Interior for carriage of In-flight Security Officers on board the flight.

Resource facility

It approved the proposal to set up a National Resource Facility for Bio-medical Research at Genome Valley in Hyderabad by the Indian Council for Medical Research at an estimated project cost of ₹338.58 crore.

The resource centre is expected to be functional by 2018-19, the statement said.

The Cabinet, chaired by Prime Minister Narendra Modi, gave approval to provide State government jobs and transit accommodations in the Kashmir Valley for the rehabilitation of Kashmiri migrants, involving a total estimated expenditure of ₹2,000 crore. 

It also approved a proposal for providing relief to the migrants of the hilly areas of Jammu division at par with the relief being provided to Kashmiri migrants, involving a total estimated expenditure of ₹13.45 crore a year. 

SAARC proposal

It also approved a proposal to provide a two-year extension with amendments to the ‘Framework on Currency Swap Arrangement for SAARC Member Countries’ up to November 14, 2017, and extension thereafter, if necessary, by the Finance Minister. 

Published on November 18, 2015
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