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Defence Recognizing the sacrifices made by the Armed Forces in meeting the security challenges, the Finance Minister proposed development of two defence industrial production corridors.
It is proposed to provide more concessions for International Financial Services Centre (IFSC), in order to promote trade in stock exchanges located in IFSC.
A new section 42A is proposed to be inserted to provide that the arbitrator and the arbitral institutions shall keep confidentiality of all arbitral proceedings except award.
It is further stated that the Finance Bill, 2018 (as passed by the Lok Sabha) has proposed that the due date for furnishing of CbC Report under sub-section (4) of Section 286 shall be as prescribed.
The proposal is expected to result in reduction of three Posts of Members of the Commission in pursuance of the Governments objective of "Minimum Government - Maximum Governance".
The council has recommended for setting up of a Group of Ministers from State Governments to look into the proposal and make recommendations, within two weeks, keeping in mind the views expressed in GST Council in this regard.
The government has proposed to establish Centres of Excellence to train young technologists in robotics, artificial intelligence, digital manufacture, Big Data Analytics, quantum communication, and in the Internet of Things.
Speaking earlier the Chief Minister of Uttarakhand Shri Trivendra Singh Rawat informed the gathering that the pledges for investment had exceeded expectations and in more than 600 MoUs signed so far, an amount of 1,20,150 crores had been pledged.
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