Updated By: LatestGKGS Desk
The Union Cabinet has approved the signing of a Memorandum of Understanding (MoU) for a Secondment Programme between India and Australia on 7th February 2018.
As per the official report, the MoU will focus on the better comprehension of current economic policy issues between the two countries. It will also help to explore further opportunities for future collaborations and engagement for best global practices.
The MoU will be signed between India's Department of Economic Affairs (DEA)-Indian Economic Service Cadre and the Australia's Treasury for the period of three months.
Under the Secondment Programme, one official from the 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 the period of three months.
The validation of MoU will end after 3 months, which might be repeated in subsequent years with mutual consultation and after agreement from both the countries.
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