Current Affairs Agreements

  An MoU was signed between Engineers India Limited (EIL) and Mongolia for Project Management Consultancy for oil refinery. EIL is a PSU under the Ministry of Petroleum and Natural Gas. The agreement was signed on the sidelines of PETROTECH-2019 event at Greater Noida, UP. The MoU is for Project Management Consultancy services for construction of an oil refinery plant in Mongolia by EIL. The government of Mongolia is in the process to set-up 1.5 MMTPA greenfield crude oil refinery in Sainshand province, under Line of Credit (LoC) extended by Government of India.
Source- Press Information Bureau (PIB)

  India and Bangladesh have signed an MOU for training 1800 Bangladesh Civil Servants at the National Centre for Good Governance (NCGG) an institute under the Department of Administrative Reforms and Public Grievances (DAR&PG), Ministry of Personnel, Public Grievances & Pensions, Govt. of India, over the next 6 years. The MOU was signed between the NCGG and the Ministry of Public Administration, Government of the People’s Republic of Bangladesh during the visit of the Foreign Minister of Bangladesh.
Source- Press Information Bureau (PIB)

  The Institute of Chartered Accountants of India (ICAI) announced that it has signed a pact with Invest India to promote foreign investments in the country and Indian investments abroad. Invest India is a government agency that promotes and facilitates investment in the country. The MoU was signed by ICAI President Naveen N D Gupta and Invest India MD and CEO Deepak Bagla. The objective of the MoU is to provide necessary guidance and advice to the potential inbound and outbound investors and promote India as an investment-friendly destination.
Source- The Financial Express

  Government e Marketplace (GeM) and Competition Commission of India (CCI)entered into an MoU to enable a fair and competitive environment in the e-Marketplace. Chairman CCI, A.K. Gupta, CEO GeM, S. Radha Chauhan were present on the occasion. GeM is a state-of-the-art national public procurement platform of Ministry of Commerce and Industries, that has used technology to remove entry barriers for bonafide sellers and has created a vibrant e-marketplace with a wide range of goods and services. Competition Commission of India is a statutory body of the Government of India, responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition.
Source- Press Information Bureau (PIB)

  India and Germany have joined hands for cooperation on Water and Waste Management. During the meeting of 3rd Indo-German Working Group for cooperation on water and waste management which concluded in New Delhi, both sides discussed potential cooperation in this area. Both sides decided to work on developing reference documents for the textile sector, Water Governance, Marine Litter, waste to energy landfill sites, water quality management, training and capacity building of local bodies and Circular Economy.
Source- AIR World Service

  Indian Coast Guard and the Airport Authority of India (AAI) signed a Memorandum of Understanding at Coast Guard Regional Headquarters in Port Blair in the presence of Inspector General Maneesh Vishal Pathak, Commander Coast Guard Region (Andaman and Nicobar Islands) for coordination in the aeronautical and maritime search and rescue operations. The MoU with AAI) is aimed at strengthening mutual interactions, interoperability and validating procedures during conduct of search and rescue operations jointly by the Rescue Coordination Centre (RCC) Kolkata, Airport Authority of India (AAI) and Maritime Rescue Coordination Centre (MRCC) in Port Blair, the PRO of Indian Coast Guard said in a press release.
Source- DD News

 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows:
The Cabinet has approved- 
  • MoU between India and Malaysia for Mutual Cooperation in the field of Company Secretaryship.
  • MoU between India and Election Management Bodies of Namibia and Panama.
  • MoU between India and Norway on India-Norway Ocean Dialogue.
  • MoU between India and Brazil on cooperation in the field of Traditional Systems of Medicine and Homoeopathy.
  • MoU between India and Maldives for Establishing Mutual Cooperation to Improve the Ecosystems for Agribusiness.
  • MoU between India and the UAE on Development cooperation in Africa
  • Signing of Agreement between India and Ukraine for cooperation in Agriculture and Food Industry
  • The revised Office Memorandum pertaining to the Cabinet Note on “Amendment of Constitution to provide for reservation for Economically Weaker Sections”
  • MoU between India and Finland in the field of Biotechnology.
  • Regularization of certain allowances being paid over and above the 50% (pre-revised) ceiling prescribed by DPE to the executives of certain operational category employees of AAI.
  • Abolition of Institution of Income-Tax Ombudsman and Indirect Tax Ombudsman.
  • MoU between India and Uzbekistan for promoting Bilateral cooperation in the area of e-Governance.
  • Proposal for higher allocation of power to Home State from Under Construction Projects of NTPC Ltd.
  • Framework Agreement between Tackling Film Piracy & Copyright infringement
  • Introduction of National Institutes of Food Technology, Entrepreneurship and Management Bill, 2019 in the Parliament.
  • Establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through International Financial Services Centres Authority Bill, 2019.
  • Establishment of Circuit Bench of Calcutta High Court at Jalpaiguri
  • Proposal for Official Amendments to the Banning of Unregulated Deposit Schemes Bill, 2018.
  • Establishment of Rashtriya Kamdhenu Aayog for Conservation protection and development of cows and their progeny.
  • Source- PIB

      Ministry of Coal of India entered into an MoU with the Ministry of Energy, Republic of Poland. The MoU has been signed between Sh. Haribhai Parathibhai Chaudhary, Minister of State for Coal and Mines and Mr Grzegorz Tobiszowski, Secretary of State, Ministry of Energy, Republic of Poland. The objective of this MoU is to foster relations in the field of coal mining and clean coal technologies through the already established Joint Coal Working Group as well as research institutes and academia between the two countries.
    Source- Press Information Bureau (PIB)

     Israel Aerospace Industries (IAI) announced entering into agreements worth $93 million this for providing Naval Medium Range Surface-to-Air Missile (MRSAM) systems to India. The contracts for the air defence system were entered with the Indian Navy and the Cochin Shipyard. Under the contracts, IAI will provide complementary systems for the air defense system. They involve follow up orders for a range of maintenance and other services for various sub-systems of IAI’s advanced MSRAM ADS.
    Source- The Economic Times

      India and China have signed the protocol for exports of Indian tobacco leaves to China. The protocol was signed during the recent visit of Commerce Secretary, Dr. Anup Wadhawan to Beijing. Dr.Wadhawan also had the bilateral meeting with Vice Minister of General Administration of China Customs, Zhang Jiwen for examining market access and quarantine issues for India’s agriculture and allied products.
    Source: AIR World service


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