Union Cabinet gives nod to India, Mauritius agreement on cooperation in Cooperatives

The Union Cabinet has given its approval for signing of an Inter-Governmental Agreement between India and Mauritius on cooperation in cooperatives and related fields.
The Agreement provides for promoting cooperation between both countries through short and medium term programmes within the framework of the joint activities.
It will be valid for duration of five years after which it can be automatically extended for another five years.
Background
Mauritius Government of had shown keen interest to develop its Institutional Mechanism between Cooperative Development Fund (CDF) and National Cooperative Union of India (NCUI) in order to benefit from NCUI’s experience in Cooperative Development.
Later in 2016, a joint meeting was held between Department of Agriculture, Cooperation & Farmers Welfare followed by Ministerial level meeting in 2013 for signing an MoU between the two countries.

Month: Current Affairs - May, 2016