Monday, December 24, 2007

Air services pact with Jordan to spur trade

New Delhi: The union cabinet today approved an amendment to the air service agreement with Jordan. The amendment is aimed at spurring greater trade, invesment, tourism and cultural exchange between the two countries.
"The amendments to certain provisions have the potential to develop the agreement between the two countries in line with international civil aviation," the government said in a press statement.
India and Jordan had agreed to the amendments during the last round of bilateral and services talks in January this year.
The Cabinet also gave its approval for amending clause F of Section 20 of the Indian Trusts Act, 1882. The clause would be substituted with "any other security of class of securities expressely authorised by the intrument of trusts or by the Central government by notification in the official gazette."
The amendment will be placed for Parliament's approvval in the next session.
24/12/07 Business Standard
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