Current Affairs Agreements

 India and Russia signed 7 MoUs at Defence Expo at Chennai, Tamil Nadu. These MoUs were signed between the Indian Private Defence sector manufacturing companies and Russian Original Equipment Manufacturers (OEMs) for manufacture, development of spares, sub-assemblies and assemblies of identified Russian origin platforms. The MoUs were signed during third India-Russia Military-Industrial Conference held on the sidelines of DefExpo 2018.
Source- AIR World Service

 The National Highways Authority of India has signed an agreement for the upgradation of Yagyi – Kalewa section of highway in Myanmar to two lanes with earthen shoulder. The aim is to provide seamless vehicular movement for enhancing trade, business, health, education and tourism among India, Myanmar and Thailand. The project has been funded by Ministry of External Affairs, Government of India and would be executed on EPC mode at a cost of Rs.1177 crores. The project will have 3 new major bridges and 2 new minor bridges. The project would be completed in three years.
Source- Press Information Bureau (PIB)

 An Indian consortium consisting of IOCL, BPCL and HPCL signed an MoU with Saudi Aramco on the sidelines of the16 International Energy Forum Ministerial. According to the Minister for Petroleum and Natural Gas, Dharmendra Pradhan, the project cost is estimated at around Rs3 lakh crore ($44 billion). The refinery will be capable of processing 1.2 million barrels of crude oil per day (60 million tonnes per annum). The plan is to finish the project by 2025.
Source- The Hindu Business Line

 India has inked a pact with Morocco under which focus would be laid on the evaluation of potential mineral resources and promoting exploration and mining through the participation of both public and private sector. The MoU was signed in New Delhi after the bilateral discussions between Mines Minister Narendra Singh Tomar and his counterpart Aziz Rabbah of Morocco.
Source- AIR World Service

 India and Timor Leste have signed an MoU in the field of public health to extend affordable healthcare to the people of the Southeast Asian nation. Krishan Pal Gurjar, the minister of state for social justice and empowerment has recently concluded a four-day visit to Timor Lest. The MoU was being discussed for more than five years and would open avenues of cooperation between the two countries.
Source- AIR World Service

 India and World Expo 2020 Dubai signed participants contract for India’s pavilion in the prestigious World Expo 2020 held once in 5 years. The contract provides for the setting up of India pavilion at Expo 2020 on an extra large plot (about one acre) in the ‘Opportunity’ segment.
Source- Press Information Bureau (PIB)

 Singapore and China signed an MoU in Beijing, China to promote greater collaboration between Singapore and Chinese companies in third-party markets along the Belt and Road. Under the MOU, the Ministry of Trade and Industry (MTI), NDRC (China's lead agency for BRI) and Enterprise Singapore will form a working group to identify sectors and markets of mutual interest, and organise business matching activities and forums to facilitate third-party market cooperation between Singapore and Chinese companies along the Belt and Road.
Source- The Business Times

 President Ram Nath Kovind, on a three-nation Africa visit, held delegation-level talks with Swaziland King Mswati III in Mbabane. Both sides agreed on expanding the India- Swaziland partnership to accelerate growth and development. India and Swaziland signed two agreements on health and visa waiver. One of the agreement deals with granting of the visa waiver for the diplomats and officials holding relevant passports while the other is to ensure cooperation in the field of health and medicine. President Kovind was conferred with Order of the Lion, the highest award of Swaziland. After concluding the visit to Swaziland, President Kovind will visit Zambia, in the third and final leg of his visit.
Source- AIR World Service

 India and Equatorial Guinea sign four agreements in the field of agriculture, mining, health, telecommunications and IT after delegation-level talks between Indian President Ram Nath Kovind and Equatorial Guinea President Teodoro Obiang Nguema Mbasogo at Malabo, Equatorial Guinea. The two countries agreed to work together at UN, where Equatorial Guinea has just begun a two-year term on the Security Council. Both countries reviewed the entire gamut of bilateral ties between the two countries. President Kovind is on the first leg of his 3-nation visit to Equatorial Guinea.
Source- DD News

 India and Nepal have agreed to further strengthen bilateral relations in key areas of border security, connectivity, trade and agriculture. The two countries agreed to develop inland waterways for overall economic development of the region. Aiming to expand cross-border rail linkages, the two sides have also decided to construct a new electrified rail line, with India’s financial support. The rail line will connect the border city of Raxaul in India to Kathmandu in Nepal. 
Source- DD News


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