Current Affairs Agreements

 Bharat Fritz Werner Ltd (BFW), a Bengaluru-based machining solution provider, has partnered with Universal Robots, a Danish robot maker and a leader in collaborative robots, to co-create robots for MSME sector. BFW and Universal Robots plan to redefine the production processes by deploying the robotic arms through modular, flexible and user-friendly integration solution platform — Arjun. Advanced and light-industrial robotic arms will impact productivity, quality and working conditions in the MSME segment.
Source: The Hindu Business Line

 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. MoC between India and Japan in the field of Food Processing Industry.
  • 2. Extension of Delhi Metro corridor from Dilshad Garden to New Bus Adda Ghaziabad
  • 3. MoU between India and Kuwait for cooperation on the Recruitment of Domestic Workers
  • 4. Amendment to the ‘Framework on Currency Swap Arrangement for SAARC Member Countries’ to incorporate ‘Standby Swap’ amounting to USD 400 million operated within the overall size of the facility.
  • 5. Creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). 
Source- Press Information Bureau (PIB)

 Omega Healthcare Management Services has signed a pact with IIIT-Bangalore for advanced use of the latest technology in providing healthcare solutions. The MoU is aimed at building industry-grade AI engines that can be embedded as part of Omega’s business solutions to solve healthcare business challenges. The pact also entails research programmes in artificial intelligence (AI) and Data Science, aiming to focus on specific business-related processes along with expected outcomes, with the programme being collectively decided by both organisations.
Source: Business Standard

  India and Sri Lanka signed an MoU to provide modern infrastructural facilities to Swami Vipulananda Institute of Aesthetic Studies of Eastern University in Batticaloa district of Sri Lanka. The project involves refurbishment of the auditorium and construction of a modern building complex with recording cum editing facilities and supply vehicles to the institute through a grant of over 27 crore Sri Lankan rupees from the Government of India.
Source- DD News

 India and Japan-India Cooperative Actions (JICA) signed the loan agreements under the Japanese Official Development Assistance Loan Program. The Loan Agreements were signed by Dr. C.S. Mohapatra, Additional Secretary, Department of Economic Affairs, Union Ministry of Finance, and Katsuo Matsumoto, Chief Representative, JICA in New Delhi.
The agreements under the Japanese Official Development Assistance Loan were signed for two projects.
  • These are:
(a) Project for the Construction of Chennai Peripheral Ring Road (Phase 1) for Japanese Yen 40.074 billion (around Rs 2470 Crore), and (b) Program for Japan-India Cooperative Actions towards Sustainable Development Goals in India for Japanese Yen 15.000 billion (around Rs 950 Crore). 
Source- Press Information Bureau (PIB)

  India has signed a long-term contract with Uzbekistan for supply of uranium ore concentrates to widen its source base for the nuclear fuel. The contract was exchanged in the presence of Prime Minister Narendra Modi and Uzbekistan President Shavkat Mirziyoyev, who were at the Vibrant Gujarat summit in Gandhinagar. Uzbekistan is the seventh largest exporter of uranium in the world. The Exim Bank signed an agreement with Uzbekistan to extend a 200-million US dollar line of credit for financing housing and social infrastructure projects.
Source- AIR World Service

 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. MoU between India and Australia on the safety in Mines, Testing and Research Station.
2. Regularisation of Pay Scales of below Board Level Executives in NHPC Ltd., North East Electric Power Corporation, THDC India Ltd. and SJVN Ltd. w.e.f. 1.1.97.
3. Revised Cost of Estimates (RCE) for 13 new Central Universities in the States of Bihar, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir (Two), Jharkhand, Karnataka, Kerala, Orissa, Punjab, Rajasthan and Tamil Nadu, set up under Central Universities Act, 2009.
4. Expenditure sanction for Integrated E-filing and Centralized Processing Centre 2.0 Project.
5. Recapitalization of Export-Import Bank of India:
  • Issuance of Recapitalization Bonds by the Government of India to the tune of Rs.6,000 crore for capital infusion in Export-Import Bank of India (Exim Bank).
  • The equity will be infused in two tranches of Rs. 4,500 crore in FY 2018-19 and Rs.1,500 crore in FY 2019-20 respectively
  • The Cabinet also approved an increase in the authorized capital of Exim Bank from Rs. 10,000 crore to Rs. 20,000 crore.
6. Ex-post facto approval for Agreement on the facilitation of visa arrangements signed between India and Maldives.
Source- Press Information Bureau (PIB)

 An agreement for Renukaji Dam Multipurpose Project was signed in New Delhi among the States of Uttar Pradesh, Haryana, Himachal Pradesh, Delhi, Rajasthan and Uttarakhand in the presence of Water Resources, River Development and Ganga Rejuvenation Minister Nitin Gadkari. All the six Chief Ministers were present on the occasion. Under the agreement, three storage projects are proposed to be constructed on the river Yamuna and two of its tributaries – Tons and Giri in the hilly regions of Uttarakhand and Himachal Pradesh. In addition to this, a concession agreement was also signed for Namami Gange projects for the city of Prayagraj under Hybrid Annuity Mode and One City One Operator Concept.
Source- The Indian Express

 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. MoU on Maritime issues between India and Denmark.2. MoU between India and Japan on Development of Advanced Model Single Window.3. MoU between India and France on technical bilateral cooperation in the field of new and renewable energy.4. Signing of the TOR provide tax assistance to Swaziland.5. Bilateral Swap Arrangement between India and Japan. 6. Creation of the post of Vice Chancellor for National Rail & Transport Institute (Deemed to be University) set up in Vadodara, Gujarat. 7. The setting up of three new AIIMS at Vijaynagar in Jammu, Awantipur in Pulwama in Kashmir and at Rajkot in Gujarat. 
Source- Press Information Bureau (PIB)

 The Bureau of Energy Efficiency (BEE) and the Central Public Works Department (CPWD) signed an MoU, kick-starting cooperation in building energy efficiency. According to the MoU, BEE and CPWD will cooperate on promoting designs and construction of Energy Conservation Building Code (ECBC) compliant new buildings, star rating of CPWD managed buildings across the country with no registration or renewal fee, awareness of energy efficiency in the building sector and support for capacity building of CPWD officials in ECBC.
Source- Press Information Bureau (PIB)


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