Current Affairs Agreements

 Indian Railway Catering and Tourism Corporation (IRCTC), the Railways’ subsidiary, will offer insurance of up to INR50 lakh for free for air passengers who book their tickets through its portal. IRCTC has tied up with Bharti-Axa for the offer. IRCTC’s service charge of INR59 is the cheapest compared with travel websites. IRCTC has tied up with Galileo, a computer reservation system, for powering the flight search engine. At present, over 30 lakh users log in through its mobile app and 3 lakh ticket bookings happen daily through the app.
Source: The Hindu Business Line

  To ensure easier availability of FASTags, Indian Highways Management Company Ltd. (IHMCL), a company promoted by NHAI, has signed MoUs with state-run Oil Marketing Companies (IOCL, BPC, and HPC). It will ensure availability of FASTags at petroleum outlets across India. In the first phase, the tags will be available across 50 Fuel Station in Delhi NCR, which will subsequently be expanded to outlets across India. IHMCL has been mandated to implement the National Electronic Toll Collection Program (NETC) in the country. The company launched the program under the brand name “FASTag” in April 2016.
Source- Press Information Bureau (PIB)

 An MoU was signed between the Indian Army and Punjab National Bank on the Defence Salary Package. The signing ceremony was chaired by the Adjutant General, Lt Gen Ashwani Kumar. Salient features of the improved and updated MoU are free ‘RAKSHAK PLUS’ Scheme for serving pers and veterans, overdraft facility range from Rs 0.75 to 3.0 lakhs, multicity ‘At Par’ cheques, instant credit of outstation cheques, preferential allotment of lockers at concessional AMC and free SMS alerts.
Source- Press Information Bureau (PIB)

  Prime Minister of Norway Erna Solberg and Prime Minister Narendra Modi held bilateral talks in New Delhi. Prime Minister Modi said that both the countries have vibrant trade ties. MoU were exchanged on India-Norway Ocean Dialogue.  Erna Solberg also called on President Ram Nath Kovind and Vice President M Venkaiah Naidu. She also delivered the Inaugural address at the Raisina Dialogue and addressed India-Norway Business Summit in New Delhi.
Source- Press Information Bureau (PIB)

  Airports Authority of India (AAI) signed MoU with Society for Applied Microwave Electronics Engineering and Research (SAMEER) for joint research programs in the field of Communication Navigation and Surveillance (CNS). The MOU, on the one hand, will provide for the transfer of skill by SAMEER experts in the areas of Radio Frequency, Millimetre Wave and Antenna-related solutions to AAI domain experts, while on the other hand, it will pave way for exposure for the SAMEERresearchers to the challenging Aviation field.
Source: The 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:
The Cabinet has approved-
  • 1. Apprised of MoU between India and Morocco on Cooperation in the area of Cyber Security.
  • 2. Apprised of Progress under NHM and Decisions of Empowered Programme Committee and Mission Steering Group of NHM.
  • 3. High-level committee to implement Clause 6 of Assam Accord Several Longstanding demands of Bodos also approved.
  • 4. Proposal to allot land to Chandigarh Housing Board for construction of apartments for 3930 allottees under Self-Financing Housing Scheme for UT Employees.
  • 5. First-ever three-way merger in Indian Banking with amalgamation of Vijaya, Dena and Bank of Baroda.
  • 6. Amendment to the Trade Unions Act, 1926 to make provisions regarding Recognition of Trade Unions.
  • 7. Ex post facto approval to India’s Approach for COP 24, Katowice, Poland (2-15 December 2018).
  • 8. Restructuring of National Health Agency as “National Health Authority” for better implementation of Pradhan Mantri – Jan Arogya Yojana.
  • 9. Continuation of Rashtriya Yuva Sashaktikaran Karyakram Scheme for the Period 2017-18 to 2019-2020. 
  • 10. ‘The Constitution (Scheduled Tribes) Order (Amendment) Bill, 2018’ for revision in list of Scheduled Tribes of Arunachal Pradesh.
  • 11. Continuation of Umbrella scheme for “Family Welfare and Other Health Interventions” during 2017-18 to 2019-20.
  • 12. Allows inclusion of merchant exporters under Interest Equalisation Scheme (1ES)for Pre and Post Shipment Rupee Export Credit. 
Source- Press Information Bureau (PIB)

 The Union Cabinet approved amendments to the Protection of Children from Sexual Offences (POCSO) Act, 2012. The changes prescribe stringent punishment, including the death penalty for aggravated penetrative sexual assault of children. Further, hefty fine would be imposed for not deleting, not destroying child pornographic material or not reporting child pornography. Attempt to inject hormones in children to make them major has been made an aggravated offence under Section 9 of the POCSO Act.
Source- Press Information Bureau (PIB)

 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-
  • 1. Submission of India’s Second Biennial Update Report (BUR) to United Nations Framework Convention on Climate Change (UNFCCC).
  • 2. Setting up of the National Commission for Homoeopathy (NCH) Bill, 2018.
  • 3. Apprised of two Bilateral MoUs between India and Cuba, and India and Korea in the area of Biotechnology.
  • 4. Setting up of the National Commission for Indian System of Medicine Bill, 2018. 
  • 5. Apprised of Framework Agreement between India and Sao Tome & Principe for Cooperation in the Exploration and Uses of Outer Space for Peaceful Purposes.
  • 6. Coastal Regulation Zone (CRZ) Notification 2018.
  • 7. Amendment in the Protection of Children from Sexual Offences (POCSO) Act, 2012. 
  • 8. Hike in MSP for Copra by more than Rs.2000 per quintal for 2019 season.
Source- AIR World Service

  K J Alphons, Minister of State (I/C) for Tourism, handed over a Memorandum of Understanding (MoU) under the ‘Adopt a Heritage’ scheme to Resbird Technologies for development of a mobile Audio Guide App for five iconic sites. The five iconic sites for which the mobile Audio Guide App is to be developed are Amer Fort (Rajasthan), Kaziranga (Assam), Colva Beach (Goa), Kumarakom (Kerala) and Mahabodhi Temple (Bihar).
Source- Press Information Bureau (PIB)

 India and Japan have signed Exchange of Notes and Loan Agreements on Japan’s Official Development Assistance Loan to India. The Notes were exchanged between Dr. C.S. Mohapatra, Additional Secretary in Department of Economic Affairs, Union Ministry of Finance and Kenji Hiramatsu, Ambassador of Japan to India on Japanese official development assistance loan for three projects.
These 3 projects are: 
  • (i) Chennai Metro Project (Phase 2) (I) for Japanese Yen (JPY) 75.519 billion,
  • (ii) Program for Japan-India Cooperative Actions towards Sustainable Development Goals in India for JPY 15.000 billion,
  • (iii) Project for Dairy Development for JPY 14.978 billion.
Source- Press Information Bureau (PIB)

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