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Cabinet approves MoU between India and Japan on Development of Advanced Model Single Window

Cabinet approves MoU between India and Japan on Development of Advanced Model Single Window

The Union Cabinet chaired by PM Narendra Modi on 10 Jan approved a MoU between Indian and Japan on the development of an “Advanced Model Single Window”. It will help Indian to accelerate India’s effort to promote Ease of Doing Business in India.

The 'Advanced Model Single Window' is based on the best practices in and outside India, with measurable parameters and identifies possible obstacles for the establishment of the single window in India.

It will help India to attract Foreign Direct Investment (FDI).

The Union Cabinet also approved a $75 billion currency swap deal between India and Japan to assist each other "in times of difficulty".

The swap arrangement is an agreement between India and Japan to essentially exchange and re-exchange a maximum amount of $75 billion for domestic currency, for the purpose of maintaining an appropriate level of balance of payments for meeting short-term deficiency in foreign exchange

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