1. Change in Mega Food Park scheme okayed

Change in Mega Food Park scheme okayed

Cabinet on Wednesday approved a modification in the Mega Food Park scheme.

By: | New Delhi | Published: May 7, 2015 12:02 AM

Cabinet on Wednesday approved a modification in the Mega Food Park scheme to streamline its implementation to attract investment in the food processing sector.

The decision would benefit 6,000 farmers directly and 25,000 indirectly in each mega food park, according to an official spokesperson.

The CCEA also approved a proposal to revise the Double Taxation Avoidance Agreement (DTAA) between India and South Korea to provide tax stability, boost economic cooperation and investment between the two countries.

The Cabinet also gave its approval to sign an MoU on renewableenergy co-operation between India and Seychelles to strengthen bilateral co-op in this field.

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