Current Affairs Agreements

  The Ministry of Human Resource Development has signed a memorandum of understanding(MoU) with the Afghanistan government to work on digital education initiatives, which include many prominent programs developed by Indian Institutes of Technology (IITs). The MoU was signed at IIT-Madras. This collaboration hopes to contribute to bilateral relations and beget mutual benefits for the two countries.
Source: The New Indian Express

  India and Pakistan have agreed to work expeditiously on operationalizing the Kartapur corridor. The corridor will facilitate Indian pilgrims to visit the holy shrine of Gurdwara Darbar Sahib at Kartarpur in Pakistan. The agreement was reached during the first meeting between the representatives of the two countries held at Attari in Punjab.
Source- AIR World Service

 The Insolvency and Bankruptcy Board of India (IBBI) has signed a Cooperation Agreement with the International Finance Corporation (IFC), a member of the World Bank Group (WBG). The agreement will enable IFC to assist IBBI to further build the capacity of insolvency professionals, and insolvency professional agencies for the purposes of the Code. The agreement was signed by K. R. Saji Kumar, Executive Director, IBBI and Jun Zhang, Country Manager, IFC India.
Source- Press Information Bureau (PIB)

  India has signed a deal with a Russian firm to manufacture 7.5 lakh AK-203 rifles. These are the latest derivative of the AK-47 rifles. Defence Minister Nirmala Sitharaman stated that the AK-203 rifles will be produced at the Indian Ordnance Factory at Amethi’s Korwa. The new rifles will replace the indigenous INSAS rifles in the Army, Air Force, and Navy.
Source: Hindustan Times

  A loan agreement of USD 455 million was signed between the Asian Infrastructure Investment Bank (AIIB) and the Government of India for financing the Andhra Pradesh Rural Roads Projects. These projects will connect 3,300 habitations with a population of more than 250, and benefit around 2 million people. It is the third project in Andhra Pradesh signed by the AIIB after two projects in Power Sector and Water Sector.
Source: Business Standard

  The Centre and the Asian Development Bank (ADB) have signed a 926 million dollarloan agreement to operationalize two lines of the Mumbai Metro Rail System. It is the single largest infrastructure project loan in ADB history approved by the ADB Board. Once operational by the end of 2022, an estimated two million passengers a day will use the two new lines and will travel in improved safety and comfort.
Source- Business Standard

 NITI Aayog’s Atal Innovation Mission (AIM) and Adobe signed a Statement of Intent (SOI) to collectively drive the charter of developing creative skills and spreading digital literacy across all Atal Tinkering Labs (ATL) in India. 100 schools will be adopted by Adobe under the ATL initiative and will be implementing its Digital Disha Program in ATLs, under which free licenses of Adobe Spark premium shall be offered to ATLs.
Source: Press Information Bureau

  India and Brunei signed a pact for the exchange of Information and Assistance in Collection with respect to taxes in order to curb tax evasion and tax avoidance in New Delhi. This agreement will facilitate both the countries to exchange information, including banking and ownership information for tax purposes and will also avail mutual assistance in collection of tax revenue claims.
Source: Business Standard

 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals.  The important Cabinet Approvals are given as follows:
  • Cabinet approves to the MoU between India and Argentina on cooperation in the field of Medical Products Regulation.
  • Cabinet approves inclusion of Common Services Centres under MEITY as Enrolment Agency for PM-SYM.
  • Cabinet approves setting up of a Railway Zone at Vishakhapatnam.
  • Cabinet approves Relaxation in Aadhaar related Conditions for Second Instalment under PM – KISAN scheme.
  • Cabinet approves joining of IEA Bioenergy TCP by Ministry of Petroleum and Natural Gas as a Member.
  • Cabinet approves National Policy on Software Products – 2019.
  • Boost to Urban Public Transport connectivity in Kanpur.
  • Cabinet approves Promulgation of an Ordinance for Amendment to the Special Economic Zones Act, 2005.
  • Cabinet approves promulgation of Aadhaar and Other Laws (Amendment) Ordinance, 2019.
  • Boost to Urban Public transport connectivity in Agra.
  • Cabinet approves Homeopathy Central Council (Amendment) Ordinance, 2019.
  • Cabinet approves the Jammu and Kashmir Reservation (Amendment) Ordinance, 2019.
  • Cabinet approves Rs. 1450 crore for the share capital of RBI in National Housing Bank, NHB.
  • Cabinet approves Laying Down Procedure and Mechanism for Asset Monetization of CPSEs/PSUs/other Government Organizations and Immovable Enemy Properties.
  • Cabinet approves Implementation of Master Plan of AIIMS, New Delhi.
  • Cabinet approves the Constitution (Application to Jammu & Kashmir) Amendment Order, 2019.
  • National Mineral Policy, 2019 approved by Cabinet.
  • Cabinet approves Creation of two posts of Commissioner for Persons with Disabilities in the Central Government in terms of Section 74(2) of The RPwD Act, 2016 to assist the Chief Commissioner for Persons with Disabilities.
  • Cabinet apprised of MoU between India and the UK on Cooperation in Weather and Climate Sciences.
  • Cabinet approves MoU between India and Norway for undertaking non-intrusive Geological Surveys and Investigations.
  • Cabinet approves MoU between India and USA to access tip line reports on Missing and Exploited Children.
  • Cabinet approves Setting up of New AIIMS at Manethi, Haryana.
  • Cabinet approvesthe New Delhi International Arbitration Centre Ordinance, 2019.
  • Cabinet approves setting up of SPV for disinvestment of Air India and its Subsidiaries/JV
  • Cabinet approves Scheme for FAME India Phase II.
  • Cabinet apprised of MoU between India and Tajikistan on Cooperation in the field of Renewable Energy.
  • Cabinet approves Setting up Centre for Disability Sports at Gwalior in Madhya Pradesh.
  • Source: Press Information Bureau

      Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Limited (IOCL) signed an MoU for jointly developing infrastructure for fuels, lubricating oil, LPG, Natural Gas and any other related fuel and gas for meeting the requirement of National Waterways. The MoU will provide for an understanding over general modalities of mutual cooperation leading to addressing futuristic demand of any form of energy for Inland Waterways and associated services.
    Source- Press Information Bureau (PIB)

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