Indo-Bangla border �haats�

Indian cabinet gives retrospective approval

The Indian cabinet yesterday gave retrospective approval to a memorandum of understanding (MoU) with Bangladesh for Mode of Operation of Border Haats signed in 2010, reports BSS.
Border haats, which promote traditional system of marketing of local produce through local markets on a currency or barter basis, will be established after identification of locations in consultation with Bangladesh and the States concerned.
The border haats will promote the well-being of the people dwelling in remote areas across the borders of the two countries, by setting up traditional system of marketing the local produce through local markets in local currency or on a barter basis.  During a visit of Bangladeshi Prime Minister Sheikh Hasina to India in January 2010, it was agreed that border haats shall be established on a pilot basis in selected areas, including on the Meghalaya border, to allow trade in specified products and in accordance with the regulations agreed and notified by both the governments.
In another decision, the cabinet has approved transfer of land from Farakka Barrage Project to Inland Waterways Authority for construction of a new navigational lock.
The new lock will ensure smooth and seamless movement of vessels on national waterways one (NW1) which runs from Allahabad to Haldia.

Indo-Bangla border �haats�

Indian cabinet gives retrospective approval

The Indian cabinet yesterday gave retrospective approval to a memorandum of understanding (MoU) with Bangladesh for Mode of Operation of Border Haats signed in 2010, reports BSS. Border haats, which promote traditional system of marketing of local produce through local markets on a currency or barter basis, will be established after identification of locations in consultation with Bangladesh and the States concerned. The border haats will promote the well-being of the people dwelling in remote areas across the borders of the two countries, by setting up traditional system of marketing the local produce through local markets in local currency or on a barter basis. During a visit of Bangladeshi Prime Minister Sheikh Hasina to India in January 2010, it was agreed that border haats shall be established on a pilot basis in selected areas, including on the Meghalaya border, to allow trade in specified products and in accordance with the regulations agreed and notified by both the governments. In another decision, the cabinet has approved transfer of land from Farakka Barrage Project to Inland Waterways Authority for construction of a new navigational lock. The new lock will ensure smooth and seamless movement of vessels on national waterways one (NW1) which runs from Allahabad to Haldia.