Current Affairs Agreements

 The Asian Development Bank (ADB) has agreed in principle to give an aid of 1,700 crore rupees toUttarakhand for infrastructure development and creation of sewerage treatment facilities in urban areas. This was conveyed to Chief Minister Trivendra Singh Rawat by the country director of ADB’s India Regiment Mission Kenichi Yokoyama at a meeting in Dehradun.
Source- The Indian Express

 India and the World Bank signed a $210 million loan agreement for the Madhya Pradesh Rural Connectivity Project. The Project is expected to improve the durability, resilience and safety of the gravel surfaced rural roads and enhance the capacity of the state to manage its rural roads network. The Project will cover 10,510 km stretch of rural roads in Madhya Pradesh that fall under the Chief Minister’s Gram Sadak Yojana (CMGSY) program.
Source- Press Information Bureau (PIB)

 Finance Ministers and Central Bank Governors from G20, the Group of 20 economies, have agreed to aim for economic growth by promoting trade. In their two day meeting at Washington, the financial leaders agreed to work together to promote trade and global economic growth. Argentine Treasury Minister Nicolas Dujovne has chaired the meeting.
Source- AIR World Service

 SJVN Limited has signed an MoU with Ministry of Power for the year 2018-19. The MoU was signed by Ajay Kumar Bhalla, Secretary (Power) and Shri Nand Lal Sharma, Chairman & Managing Director, SJVN. As per the targets set in the MOU, SJVN shall strive to achieve 9200 Million Units generation during the year under ‘Excellent’ category. Further, SJVN will have Capital Expenditure (CAPEX) target of Rs. 900 crore and Turnover target of Rs. 2175 crore under the Excellent category.
Source- Press Information Bureau (PIB)

 India and the UK have signed 10 agreements in several sectors including cyber-relationship, rejuvenation of Ganga and skill development. 
The Important agreements signed between the 2 countries are as follows: 
  • 1. The two countries have agreed to an overarching cyber-relationship framework that among others enables the development of a common and shared understanding of the international cyber activity.
  • 2. An MoU on the rejuvenation of River Ganga, National Mission for Clean Ganga (NMCG) and the UK-based Natural Environmental Research Council (NERC).
  • 3. An MoU on Skill Development, Vocational education and Training and seek to promote greater collaboration in domains such as strengthening skill delivery in high demand sectors where UK has technical and skilling expertise.
  • 4. A Statement of Intent between NITI Aayog and UK’s Department of Business, Energy and Industrial Strategy (BEIS) has also been signed.
  • 5. Inked the deal on cooperation in the field of Animal Husbandry, Dairying and Fisheries Sectors seeking to strengthen collaboration in livestock health and husbandry, breeding, dairying and fisheries.
  • 6. An MoU on Exchange of Information for the Purposes of Combating International Criminality and Tackling Serious Organised Crime has been signed.
Source- AIR World Service

 The Society of Indian Defence Manufacturers (SIDM) and the Groupement des Industries Françaises Aeronautiques et Spatiales (GIFAS) signed an MoU on the sidelines of a major industrial mission in India in the field of aerospace and defence organised by GIFAS with the support of SIDM. This agreement aims to promote a sustainable framework for present and future partnerships and cooperative actions between the French aerospace industry and the Indian defence industry by reaffirming the necessity to expand trade, through stronger economic and industrial cooperation, between France and India, and towards export customers.
Source- Business Standard

MOUs/Agreements between India and Sweden
  • Joint Declaration on India-Sweden Innovation Partnership for a Sustainable Future between Ministry of Science and Technology of India and the Ministry of Enterprise and Innovation.
MOUs/Agreements between India and Denmark  
  • 1. MOU on Cooperation in the field of Sustainable and Smart Urban Development between the Ministry for Housing and Urban Affairs of India and the Ministry of Industry, Business and Financial Affairs of Denmark.
  • 2. MOU on Cooperation in the fields of Animal Husbandry and Dairying between Department of Animal Husbandry, Dairying & Fisheries, Ministry of Agriculture & Farmers Welfare of India and the Danish Veterinary and Food Administration, Ministry of Environment and Food of Denmark.
  • 3. MOU on Food Safety Cooperation between the Food Safety and Standards Authority of India and the Danish Veterinary and Food Administration.
  • 4. MOU on Cooperation in Agricultural Research and Education between the Indian Council of Agricultural Research and the University of Copenhagen, Faculty of Science, Denmark.
MOUs/Agreements between India and Iceland  
  • MOU on the Establishment of the ICCR Chair for Hindi Language between Indian Council for Cultural Relations and the University of Iceland.
Source- Press Information Bureau (PIB)

 A Loan Agreement for IBRD loan of USD 48 million for the “Meghalaya Community - Led Landscapes Management Project (MCLLMP)” was signed with the World Bank. The Objective of the Project is to strengthen community-led landscapes management in selected landscapes in the State of Meghalaya. The Project consists of three components: (i) Strengthening Knowledge and Capacity for Natural Resource Management; (ii) Community-led landscape planning and implementation and (iii) Project Management and Governance.
Source- DD News

 In line with the efforts to indigenize the defence sector under the 'Make in India' initiative, Larsen & Toubro (L&T) and Bharat Electronics Limited (BEL) signed an MoU to cater to the needs of evolving domestic and export markets for defence products and systems. The MoU seeks to leverage the capabilities of both the firms for meeting the growing requirements of the Indian Armed Forces. The MoU also intends to leverage the well-developed supply chain, vast experience and expertise of BEL and L&T to synergise and enhance exports in the defence sector.
Source- Business Standard

 Aiming to contribute towards the economic and sustainable development of communities, the National Skill Development Corporation (NSDC) signed an MoU with the Nuclear Power Corporation of India Limited (NPCIL) to provide skill training to 500 youth and women at Kudankulam in Tamil Nadu. The skill development project will be executed by NSDC through its approved training partners near Kudankulam Nuclear Power Project (KKNPP), the single largest nuclear power station in India, situated in the Tirunelveli district of the southern Indian state of Tamil Nadu.
Source- ANI News


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