Ayurved University
Why in news?
- The Cabinet approved conferring the status of Institution of National Importance to a cluster of Ayurvedic institutions at the Gujarat Ayurved University campus in Jamnagar.
- Information and Broadcasting Minister said the elevation of the status of the institution will provide it with the autonomy to upgrade the standard of Ayurveda education, frame various courses in Ayurveda as per national and international demand.
Key facts
- It will help the institute to develop tertiary care in Ayurveda and to secure inter-disciplinary collaborations to give a contemporary thrust to Ayurveda.
- Considering the rapidly growing role of AYUSH Systems in addressing the Public Health challenges of India, conferring the status of National Importance will boost the role and importance of Ayurveda in Public Health.
- The strengthening of Ayurveda will reduce government expenditure on health as Ayurveda is cost-effective because of its preventive and curative approaches. A bill to that effect will be introduced in the ensuing Session of Parliament.
Migration and mobility partnership agreement
Why in news?
- The Cabinet on Wednesday approved the ratification of migration and mobility partnership agreement between India and France.
Key facts
- The agreement signed in March 2018 is valid for 7 years and incorporates provisions for auto-renewal.
- The Agreement represents a major milestone in enhancing people-to-people contacts, fostering mobility of students, academics, researchers and skilled professionals and strengthening cooperation on issues related to irregular migration and human trafficking between the two sides.
- The Agreement is a testimony to India’s rapidly expanding multi-faceted relationship with France and symbolizes the increasing trust and confidence between the two sides.
Neelachal Ispat Nigam Limited
Why in news?
- The Cabinet Committee on Economic Affairs (CCEA) has given in-principle approval for the sale of equity held by four Central Public Sector Enterprises and two-state PSUs in Neelachal Ispat Nigam Limited (NINL), Odisha.
Key facts
- The Cabinet Committee on Economic Affairs (CCEA) has approved the strategic disinvestment of equity shareholding of Minerals & Metals Trading Corporation (MMTC), National Mineral Development Corporation (NMDC), MECON, Bharat Heavy Electricals (Bhel) and two Odisha state government PSUs in Neelachal Ispat Nigam Limited (NINL) to a strategic buyer.
- The buyer is to be identified through a two-stage auction procedure.
- NINL is a joint venture company, in which four central public sector enterprises MMTC, NMDC, Bhel and MECON, and two Odisha state government PSUs – IPICOL and OMC – are shareholders.
- The proposed strategic disinvestment of NINL would unlock resources to be used to finance the social sector and developmental programs of the government.