In order to spur trade, investment, tourism and cultural exchange between India and the United Arab Emirates (UAE), the government today gave its approval for the signing of a revised air services agreement between the two countries.
This agreement, according to an official statement, will supersede the existing Air Services Agreement (ASA) signed between the two countries on March 21, 1989. The present ASA is based on the modern International Civil Aviation Organisation (ICAO) template, the statement added.
The Union Cabinet also gave its approval for the signing of memorandum of cooperation between India and the League of Arab States on the establishment of an India-Arab Cooperation Forum.
This, according to an official statement issued today, would lead to enhanced friendship and relations between India and the Arab world.
The Cabinet also gave its approval to move a resolution by the Minister of Railways in both the houses of Parliament for adoption of the of the Railway Convention Committee (2004)’s ninth report.
“This would enable the Ministry of Railways to implement the said recommendations of the Railway Convention Committee,” the statement said.
The Cabinet Committee on Economic Affairs (CCEA), to meet the demands of the pit head power station of Andhra Pradesh Power Generation Corporation (APGENCO) and other units, gave its approval to the Kakatiya Longwall project of Singareni Collieries company located in the Warangal district of Andhra Pradesh.
This project will have a net capital requirement of Rs 453.63 crore and a total capital outlay of Rs 620.03 crore, an official statement issued after the CCEA meeting today said.
The CCEA has also given its approval for flexibility in the implementation stage within the approved cost estimates to respond to improvements in technology and equipments that would result in improved profitability and productivity.
“The 2.747 Mty of coal produced would meet the demand of pit head power station of APGENCO and other units,” the statement said.
