Cabinet approves signing of India-Australia MoU for Secondment Programme

The Union Cabinet approved signing of Memoranda of Understanding (MoU) for Secondment Programme between India and Australia.
The MoU will be signed between Department of Economic Affairs (DEA)-Indian Economic Service Cadre and The Treasury, Government of Australia for period of three months.

Key Facts

Under the Secondment Programme, one officer from Australian Treasury will be seconded to DEA, Ministry of Finance and one officer from IES (at Deputy Secretary/Director level) nominated by IES Cadre, DEA will be seconded to Australian Treasury, Government of Australia, for period of three months.
The validity of both MoUs will terminate at end of the three months’ period of assignment and will not be extendable. The programme may be repeated in subsequent years with mutual consultation and after agreement on both sides.

Significance

Australia is one of the important bilateral partners of India. The proposed Secondment Programme will help to deepen understanding of current economic policy issues in both countries. It will also help to explore further opportunities for future collaboration and engagement. It will also provide the seconded officers with valuable and unique development opportunities and also provide exposure on global best practices.

Month: Current Affairs - February, 2018