Current Affairs Agreements

  The Union Cabinet has given the approval to accede to the Protocol under World Health Organization (WHO) Framework Convention on tobacco control to eliminate illicit trade in tobacco products. It will be applicable to both smoking and chewing or smokeless tobacco (SLT) forms as negotiated and adopted under Article 15 of the World Health Organization Framework Convention on Tobacco Control (WHO FCTC).  India is a party to WHO FCTC.
Source- Press Information Bureau (PIB)

 The Maharashtra government has signed an MoU with the British Council to strengthen educational and cultural cooperation. The British Council, with this MoU, will expand its existing work in the state, where in recent times, it has trained more than 100,000 teachers benefitting around five million learners. The areas of potential collaboration include developing further initiatives to improve English teaching and enhance employability skills in schools and training institutes, building capacity in higher education and research and further co-operation on inspiring hundreds of thousands of people in the state through arts and culture.
Source- AIR World Service

 Dalmia Bharat Limited has signed an MoU with the Tourism Ministry to take up Red Fort (in Delhi) and Gandikota Fort (Andhra Pradesh) under the ‘Adopt a Heritage’ project. Becoming the first corporate to be part of the initiative, Dalmia Bharat will look after the operations and the maintenance of these heritage sites for the next five years.
Source- The Hindu Business Line

 The National Highways Authority of India (NHAI) entered into a pact with Macquarie for road projects under the highway monetisation drive. The Agreement has been signed with Macquarie for the first bundle\of highway projects (USD 1.5 billion one of the highest FDI in highways).
Source- The Times of India

 India has agreed for the most revered Buddhist relics from Sarnath to be taken to Sri Lanka for public exposition on the occasion of Vesak festival. This is the first time relics from Sarnath are being brought to Sri Lanka from India, and special arrangements have been made for this purpose. They will be on public display at Temple Trees in Colombo for four days. This is the second time that India has taken initiative to exhibit the sacred relics of Lord Buddha in Sri Lanka. The first time such initiative was the exhibition of the Kapilavastu Relics in 2012.
Source- AIR World Service

 The Ministry of Earth Sciences (MoES) is tying up with the US and Finland to develop new pollution-forecast system that will help anticipate particulate matter (PM) levels at least two days in advance and at greater resolution. The new system will jointly develop with expertise from Finnish Meteorological Institute and US National Oceanic and Atmospheric Administration (NOAA).
Source- The Better India

 An MoU on technical knowledge sharing for establishing a nationwide Time Stamping & Time Synchronization network and traceability of Time signal to UTC NPL Time was signed between Council of Scientific and Industrial Research -National Physical Laboratory (CSIR-NPL) and Department of Telecommunications (DoT), Ministry of Communications. The Nationwide, Time Stamping & Time Synchronization network consisting of 22 numbers of Time Synchronization Centers (TSC’s) will be set up by DoT with technical assistance from CSIR-NPL.
Source- Press Information Bureau (PIB)

 The Union Cabinet chaired by Prime Minister Shri 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 Sao Tome and Principe for Cooperation in the field of Traditional Systems of Medicine and Homoeopathy.
  • 2. The Memorandum of Agreement between India and World Health Organisation represented by its Regional Office for South-East Asia acting through its Country Office in India.
  • 3. MoU on cooperation in the field of regulation of medical products for human use amongst the medicine regulatory agencies of the BRICS countries.
  • 4. Long-Term Agreements for the supply of iron ore (lumps and fines) to Japan and South Korea through MMTC Limited.
  • 5. Declaration of Scheduled Areas in respect of Rajasthan under Fifth Schedule to the Constitution of India.
  • 6. Restructured National Bamboo Mission- An outlay of Rs.1290 crore (with Rs. 950 crore as Central share) is provisioned for implementation of the Mission during the remaining period of 14th Finance Commission (2018-19 and 2019-20).
  • 7. Minimum Support Prices for Raw Jute for 2018-19 season- The Minimum Support Price (MSP) for Fair Average Quality (FAQ) of Raw Jute has been increased to Rs.3700/- per quintal for 2018-19 season from Rs. 3500/- per quintal in the 2017-18 season.
Source- Press Information Bureau (PIB)

 A Loan Agreement for IBRD credit of US$ 125 (equivalent) for the “Innovate in India for Inclusiveness Project” was signed with the World Bank in New Delhi. The Objectives of the project is to nurture indigenous innovation, foster local product development and accelerate commercialization process by bridging critical skill and infrastructure gaps to promote affordable and innovative healthcare products generation for inclusive development and increasing competitiveness in India. The closing date of Innovate in India for Inclusiveness project is 30 June, 2023.
Source- Press Information Bureau (PIB)

 State-run Bank of India (BoI) has entered into an agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under the Insolvency and Bankruptcy Code (IBC). As per the agreement, BoI will avail NeSL service to expedite corporate insolvency resolution process. Under the IBC 2016, IU is proposed to offer services for accepting electronic submission of financial information, recording the same safely and accurately, verifying and authenticating the financial information submitted by a person. 
Source- The Moneycontrol


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