Agreements Current Affairs 2018 - Current Affairs Today

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  • List of Loan Agreements Signed With Asian Development Bank

    India and ADB have signed 3 important loan agreements in various fields/projects in New Delhi. The signatories to the loan/projects Mr. Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, Ministry of Finance; and Mr. Kenichi Yokoyama, Country Director of ADB’s India Resident Mission, who signed for ADB. The 3 Loan Agreements Signed between India and ADB are:  A $300 million Loan Agreement to support lending by India Infrastructure Finance Company Limited (IIFCL).  A $169 million loan as the First Tranche of a $500 million multi-tranche financing to develop climate-resilient water supply, sewerage, and drainage infrastructure in at least 10 cities in the State of Tamil Nadu.

    India and UK signed pact to collaborate on 5 year cancer research

    The MOU was signed between Department of Biotechnology Ministry of Science & Technology, India and Cancer Research UK. It is a collaborative 5-year bilateral research initiative that focuses on affordable approaches to cancer.

    Kochi signs MoU with Vilnius

    The primary focus of cooperation would be urban planning, corporate planning, transport, solid water management and water management.  

    Odisha government signed MoU with AIFF

    Odisha government signed a Memorandum of Understanding (MoU) with the All India Football Federation (AIFF) at the Kalinga Stadium complex, Bhubaneswar, Odisha in the presence of Chief Minister Naveen Patnaik. As per the agreement, the State government will host National team camps and also I-League side Indian Arrows. The training and connected infrastructure like gymnasiums, swimming pool, etc, will be housed at the Kalinga Stadium Complex.

    India and Morocco signed Agreement on Mutual Legal Assistance in Criminal Matters

    The main aim of the MOU is to strengthen bilateral cooperation, provide a broad legal framework for prevention, investigation and prosecution of crimes. It will also help in tracing, restraint and confiscation of funds meant to finance terrorist acts.  

    India and Malawi Sign MoUs in Extradition Treaty, Atomic Energy and VISA Waiver

    India and Malawi signed three MoUs on Extradition Treaty, cooperation in the field of Atomic Energy for peaceful purposes and VISA Waiver for Diplomatic and Official Passports.  The MoU was signed during Vice President Venkaiah Naidu visit in Malawi.

    India and South Korea Sign MoU on Cooperation In Sports

    Sports Minister Col. Rajyavardhan Rathore and Minister of Culture, Sports and Tourism of South Korea Do Jong-hwan signed the MoU.   

    India and Japan signed a Loan Agreement worth Rs. 1,817 crore for Hydel power project in Bengal

    Turga pumped storage hydel power project is to be constructed at Purulia in West Bengal. This project will contribute to the industrial development and living standards in the state. The deal was signed by the Additional Secretary of the Department of Economic Affairs (DEA), C.S. Mohapatra, and Katsuo Matsumoto, chief representative of the Japan International Cooperation Agency (JICA).

    OMCs and CSC SPV signed MOU for collaboration in LPG Services

    Oil Marketing Companies (IOCL, HPCL & BPCL) and CSC e-Governance Services India Limited signed an MOU for collaboration in LPG services. This will be done under Pradhan Mantri Ujjawala Yojana (PMUY). Minister of Law & Justice and Electronics & Information Technology (MeitY), Shri Ravi Shankar Prasad,and The MOU consists of the following: Booking new LPG connection (Ujjwala & General category) Booking of LPG refills (14.2 Kg cylinders) Supply & distribution of LPG cylinders (storage up to 100 Kgs,) through CSCs. To provide the beneficiaries the above OMCs service near to their home, accessing through Digital Seva Portal.

    India to hold 2 meetings ahead of Poland climate talks

    The UN climate talks are to be held in Katowice, Poland in December. But before the talks India is hosting two key meetings in New Delhi with a group of countries called the LMDC, the ‘Like Minded Developing Countries’ that includes India, China, Venezuela and Iran and BASIC, which constitutes Brazil, South Africa, India, China, which are networks that have been formed to lend weight to the concerns of the developing countries. One of these meetings, of the LMDC, was underway.

    India and South Korea signed a MoU for strengthening cooperation in the field of Tourism

    Cabinet approved a Memorandum of Understanding (MoU) between India and South Korea for strengthening cooperation in the field of Tourism.  The objectives of the MoU is to expand bilateral cooperation in the tourism sector, encourage cooperation between tourism stakeholders including hotels and tour operators, increase the exchange of information and data related to tourism, encourage participation in travel fairs/exhibitions in each other’s country and promote safe, honourable and sustainable tourism.

    India and Russia inked a $950 million deal for inducting two new warships equipped with Brahmos missiles in the India Navy.

    The two frigates of the Project 11356 class will be bought directly from Russia and 2 more will be built in an Indian Shipyard. The two ships to be brought from Russia are expected to be delivered by 2022 and have been designed to work with Ukraine-made gas turbines. These are under a ‘2+2’ scheme which was under the works since 2015.

    British Council and Arunachal Pradesh signed MoU on educational collaboration

    According to the MOU 70 Years of the relationship between the two countries will be celebrated,50 faculty members from government higher education institutions of the state would be trained by the British Council every year, starting in December 2018, Supporting improvements in the teaching of mathematics and science.  

    India and Bangladesh etch pacts enhancing inland and waterways connectivity

    India and Bangladesh signed several milestone agreements today, for enhancing inland and coastal waterways connectivity between the two countries for trade and cruise movements. The two sides also signed agreements to use Chattogram and Mongla Ports in Bangladesh for movement of goods to and from India.  

    India signed $5 Billions Worth Of Pacts To Give Impetus To Iron and Steel Industry

    Around 20 companies who exchanged the MoUs, about 12 are foreign players.

    India and Tanzania sign 2 MoUs in New Delhi

    The MoUs were signed following India-Tanzania 9th Session of Joint Commission on Economic, Technical and Scientific Cooperation in New Delhi. They were signed in the presence of Indian External Affairs Minister Sushma Swaraj and Tanzanian Foreign Minister Dr. Augustine Mahiga. The MoUs are signed between Foreign Service Institute of India and Centre for Foreign Relation, Tanzania and National Research Development Corporation and Tanzania Industrial Research and Development Corporation.  

    India and Sri Lanka Sign Two MoU For Construction Of 1200 Houses

    The MoUs were signed by Mr. Taranjit Singh Sandhu, High Commissioner of India to Sri Lanka, and Mr. Bernard Vasantha, As per the new MoUs, 600 houses will be constructed in the Southern and Northern Provinces.

    NSE Signs Pact With Uttarakhand Govt To Fuel SMEs Growth In State

    National Stock Exchange signed a pact with the Uttarakhand government to provide access to capital to MSMEs, which will fuel the growth of such entities in the state.  The bourse play an active role in nurturing the SMEs and start-ups by increasing awareness along with the government on the opportunities to raise capital, SME exchange guidelines, listing processes, compliances with listing agreement among others.

    Indian Railways Signed Agreements With Government Of Russian Federation

    The MoC intends to carry forward the activities taken up under the MoU signed between the two countries on 24th December 2015. A MoU was signed between Ministry of Railways and Ministry of Transport of Russian Federation for development of cooperation in transport education.  

    Goa And Portugal Inks MoU For Water And Sewage Management

    The MoU between the Portuguese Environment Ministry and Goa Public Works Department (PWD) was signed.  It will help Goa manage its water resources better.  The projects would include: 1. Opa water supply project in north Goa, 2. The sewage water treatment plant in Valpoi and 3. Manganese-removal efforts in Selaulim Reservoir.

    USA and Canada Sign Trade Deal Replacing NAFTA

    Canada agreed to sign a trade deal with the United States and Mexico, revamping the North American Free Trade Agreement (NAFTA) after almost a year of negotiations. The new deal has been named the United States-Mexico-Canada Agreement (USMCA). Under the agreement, Canada has agreed to export a quota of 2.6 million vehicles to the United States in the wake of 25% global autos tariffs imposed by the US on national security grounds.

    India and Morocco Signed MoU To Enhance Cooperation In MSME Sector

    The MoU was signed by CMD, National Small Industries Corporation (NSIC), Ravindra Nath and Director General, Maroc PME, Mr Rabri Barrazouka.  Through this MOU, the NSIC and Maroc PME will work together to enhance cooperation opportunities for MSMEs of both countries.  Ms Alka Arora, Joint Secretary in the Ministry of MSME, held bilateral meetings with Mr Othman El Ferdaous, Secretary of State in the Ministry of Industry, Investment and Trade and Digital Economy and with other related Departments for enhancing cooperation in MSME Sector.

    India and Morocco signed the revised Air Services Agreement

    The agreement will enable the airlines of each side to enter into code share with airlines of other party. It will also provide greater freedom in mounting direct flights. The revised Agreement is the outcome of three meetings of delegation from two countries who had worked towards liberalization of markets between the two countries and updating of the existing Air Services Agreement.

    MoU Signed for establishing Mahatma Gandhi Convention Centre in Niger

    Mahatma Gandhi International Convention Centre (MGICC) will be established in Niamey, Niger with the Indian government's grant assistance. The centre honours the memory of Mahatma Gandhi, whose 150th birth anniversary is also being observed in 2019. In response to growing request from countries in Africa, India has offered to establish Mahatma Gandhi convention centres in more than 20 countries in Africa, of which the project are being taken up in the immediate phase in nine countries. India has provided lines of credit worth USD 96.54 million for projects in transport, electrification, solar energy and potable drinking water. ♦ Niger Capital: Niamey, ♦ Currency: West African CFA franc. 

    India, Sri Lanka inks MoU for Construction Of 5000-MT Temperature Controlled Warehouse

    The warehouse will be constructed with an Indian grant assistance of 30 crore Sri Lankan rupees. The construction of a 5000-metric ton temperature controlled warehouse will used for fruits and vegetables to minimize its post-harvest losses.   

    Bangladesh govt approved India to use the Chittagong and Mongla seaports

    Bangladesh’s Cabinet approved a proposed agreement with India to allow it to use the Bangladesh seaports. The approved agreement will be effective for five years. The agreement would allow India to Chittagong and Mongla seaports for transporting goods to and from the northeastern States.  Only Bangladeshi vehicles may be used as freight transport to move the goods while they are in Bangladeshi territory. India must also follow GATT and Bangladeshi regulations and also pay the customs duties and buy tax equivalent bonds. Any cargos that move through Bangladesh will be monitored by a tracking system. The decision by Bangladesh is a step toward improving the friendly relations between Bangladesh and India.

    Tamil Nadu and Centre sign MoU on implementing Ayushman-Bharat with state run CMCHIS

    This association would benefit about 77 lakh poor and vulnerable families in Tamil Nadu. Additionally, the insurance benefit for all those covered under the state scheme will be increased to Rs 5 lakh as per the National Health Protection Scheme.  

    Haryana govt signs MoU with Indian Oil to set up Ethanol plant

    An ethanol plant will be set up in Bohali village, Panipat with an outlay of over Rs 900 crore. The MoU will be valid for one year. The proposed capacity of this ethanol plant will be of producing 100 kilolitres of ethanol per day. Paddy and Sugarcane crop residues will be supplied as raw material for this plant in cyclic manner. Purpose:- Bioethanol can be easily blended with petrol or diesel, thus making it sustainable transport fuel. It also reduces air pollution.

    India, U.S. signed COMCASA agreement

    Communications Compatibility and Security Agreement (COMCASA) will facilitate access to advanced defence systems and enable India to optimally utilise its existing US-origin platforms. The 2+2 ministerial dialogue between the two countries was attended by U.S. Secretary of State Michael R. Pompeo and Secretary of Defense James N. Mattis and their Indian counterparts Sushma Swaraj and Nirmala Sitharaman.

    Internet Society & ISPAI sign pact to secure Internet infrastructure in India

    Internet Society (ISOC) partnered with Internet Service Providers Association of India (ISPAI) to promote and secure internet infrastructure. They signed an agreement for the to promote ‘Mutually Agreed Norms for Routing Security (MANRS) which will improve security infrastructure. About ISOC: Members: 100,000. ♦ Founded: 11 Dec 1992 ♦ Headquarters: Virginia, USA. ISPAI: Headquarters: New Delhi.

    India and Cyprus signed MoUs on curbing money laundering

    India and Cyprus signed two Memorandum of Understanding (MOU) on combating money laundering and cooperation in the field of environment. The MoU was signed between Financial Intelligence Unit, India, and Unit for Combating Money Laundering of Cyprus. Mr.Kovind and Mr.Anastasiades held discussions on issues of mutual interest, including promotion of business collaboration in the fields of IT and IT-enabled services, tourism, shipping and renewable energy. They also reviewed the ongoing bilateral and multilateral engagements and discussed issues of regional and global concern.

    Myanmar Media Group inks MoU With Prasar Bharati

    The agreement was signed in the presence of Prasar Bharati CEO, Shashi Shekhar Vempati and Editor-in-chief and MD, Mizzima in New Delhi. The main aim of the agreement is to maintain cooperation and collaboration in broadcasting and envisions content-sharing covering a wide range of genres, including culture, entertainment, education, science, news and sports along with other areas of mutual interest. About Prasar Bharati Prasar Bharati is India's largest public broadcasting agency.  It is a statutory autonomous body set up by an Act of Parliament and comprises the Doordarshan Television Network and All India Radio, which were earlier media units of the Ministry of Information and Broadcasting.

    PHDCCI and CNI signed MoU To Set Up Indo-Nepal Centre

    The MoU was signed by Anil Khaitan, President of PHD Chamber of Commerce and Industry (PHDCCI) and Hari Bhakta Sharma, President of Confederation of Nepalese Industries (CNI) in Kathmandu. The main aim of the MOU is to promote Indian investment in Nepal, work with Indian ventures in Nepal, resolve problems being faced by them and also to promote industrialization in Nepal,  also to provide training to Nepali entrepreneurs.

    NHAI to ink MoU with SBI for Rs 25,000 Crore loan

    National Highways Authority of India (NHAI) is getting an unsecured loan of Rs 25,000 crore from State Bank of India (SBI) for 10 years with 3 years of moratorium on repayments. This is SBI's highest long-term unsecured loan to any entity and also the largest ever loan sanctioned to NHAI. The total sanctioned amount is to be disbursed to NHAI within March 31, 2019.

    India and Germany Sign Pact On Financial And Technical Cooperation

    India and Germany have signed an agreement on financial and technical cooperation focusing on sustainable urban development and renewable energy. The government-to-government Umbrella Agreement on Financial Cooperation and Technical Co-operation 2017 is worth about 5,000 thousand crore rupees.  The agreement under the Indo-German Bilateral Development Cooperation was signed between Joint Secretary in the Finance Ministry, Sameer Kumar Khare, and German Ambassador to India, Martin Ney, in New Delhi.  About Germany  Currency: Euro  Capital: Berlin Chancellor: Angela Merkel.

    Health Ministry signed MoU With Ministry Of Electronics And Information Technology

    National Health Agency (NHA) under Ministry of Health and Family Welfare, the apex body for the implementation of Ayushman Bharat-National Health Protection Mission (AB-NHPM), and Common Service Centres (CSC) scheme under the Digital India Programme, have signed a MoU to provide information and eligibility validation services to beneficiaries, especially in remote areas.  JP Nadda, Minister of Health and Family Welfare and Ravi Shankar Prasad, Union Minister for Law and Justice & Information Technology presided over the MoU signing ceremony.  The main benefits under AB-NHPM are based on entitlement and not on enrolment, over 3 lakh CSCs spread across rural India can become the key point of information for potential beneficiaries and help in validating their entitlement.

    Invest India and Business France signed MoU To Promote Investment

    Invest India and Business France signed a MoU to promote investment facilitation and cooperation between startups of India and France.  The main goal is to facilitate direct foreign investment by providing practical investment information to enterprises and support the companies.  Invest India and Business France will collaborate to promote business and startup ecosystem cooperation through joint activities and exchange experiences to strengthen institutional knowledge and identify opportunities between businesses in the French and Indian private sector, creating a dedicated support structure to facilitate inbound companies and startups. About Invest India ♦ Invest India is the National Investment Promotion and Facilitation Agency of India and acts as the first point of reference for investors in India. ♦ Deepak Bagla is the MD and CEO Invest India. ♦ It is a non-profit venture under the Department of Industrial Policy and Promotion, Ministry of Commerce and Industries, Government of India.

    India signed 4 MoUs with Uganda, agreed 2 LOC worth nearly $200 million

    As part of Indian Prime Minister Narendra Modi's visit to Uganda, India and Uganda signed four agreements on ♦ defence cooperation, ♦ visa exemption for diplomatic and official passport holders, ♦ cultural exchange programme, and ♦ material testing laboratory. The Indian government has also decided to gift a cancer therapy machine to the Uganda cancer institute in Kampala. The Prime Minister Modi was accorded a ceremonial reception in Uganda's Entebbe town. He is on a three-nation tour to the African countries including Rwanda, Uganda and South Africa. Important Points About Uganda: ♦ President - Yoweri Museveni ♦ Prime Minister - Ruhakana Rugunda ♦ Currency - Ugandan shilling ♦ Capital - Kampala  

    IIPH-H to introduce Drone delivery system for medical supplies

    Indian Institute of Public Health – Hyderabad (IIPH-H) is developing a drone delivery system for medical supplies, with a temperature-controlled payload box, to be delivered to a remote village in the State without delay. The aim of the Digital Drone-based Real-Time Advanced Medical Modular Logistics system (2DREAM) project is to reach the remote areas and deliver the temperature-sensitive payload in 30 minutes. IIPH-H has partnered with the prestigious US-based Johns Hopkins University to develop the temperature-controlled vaccine box.

    Delhi AIIMS signed MoU with IIT Kharagpur for education and research purposes

    The AIIMS has signed a MoU with the Indian Institute of Technology (IIT), Kharagpur, for collaboration in education, research outreach and medical services. The agreement included initiating joint degrees such as PhD, M.D.-PhD, M.Sc-PhD and coordinated internship programmes. It is aimed to promote interaction and collaboration among faculty members, scientists and students of the two premier institutes in their respective domains, to carry out joint academic and research programmes, joint supervision of masters and doctoral students, and collaborative research.

    O.P. Jindal Global University signed a MoU with Harvard University for an annual study programme

    O.P. Jindal Global University, Sonipat, Haryana signed a MoU with Harvard T.H. Chan School of Public Health for an annual study programme. Nearly 30 students of Jindal Global University has taken the annual study-abroad programme at Harvard University. At the successful completion of the programme, Jindal students will earn academic credits, and the course will be reflected in the transcript. It provides joint conferences to be organised by the two institutions and paves the way for other research and educational activities.

    India and Ghana signed two Memorandum of Understanding

    India and Ghana signed two agreements in an effort to enhance the bilateral cooperation between the two countries.  The Ministry of External Affairs (MEA) spokesperson Raveesh Kumar announced that two MOUs on Cultural Exchange Programme and on cooperation between Bureau of Indian Standards and Ghana Standards Authority. About Ghana ♦ Captial: Accra ♦ Currency: Ghanaian cedi.

    ISRO signed with 3 partners

    The nodal satellites division U.R. Rao Satellite Centre (URSC) of Indian Space Research Organisation (ISRO) has signed with three partners, two private and one government-run firm, to help it assemble 27 satellites at a quick pace over the next three years. The partners are Alpha Design Technologies P Ltd and its six consortium members, Bharat Electronics Ltd, Tata Advanced Systems Ltd, Hyderabad. A URSC official signed the agreements with the three entities in the presence of URSC Director M. Annadurai.

    Adani signed agreement with NYK Auto to run auto freight trains

    Adani Logistics Ltd. (ALL) has signed an agreement with NYK Auto Logistics (India) Private Ltd. (NALI) to form a joint venture (JV) that will specialize in the transportation of finished vehicles using automobile freight trains. The JV would participate in AFTO (Automobile Freight Train Operator) Policy of the Ministry of Railways and offer its trains for transporting vehicles across India more efficiently. The planning will commence operation with six trains. It is predicted that ALL will have 25 trains in operation in three years based on its market trends.

    Vinesh Phogat won gold at Spanish Grand Prix

    24-year-old Indian wrestler Vinesh Phogat grabbed a gold in the women's 50kg freestyle category at the Spanish Grand Prix in Madrid, by defeating Canada's Natasha Fox 10-0 in the final match. She had won a gold at the Gold Coast Commonwealth Games in the 50kg category.

    ASI has planned to upgrade seven monuments in Tamil Nadu

    The Archaeological Survey of India (ASI) has planned to upgrade infrastructural and tourist-friendly facilities at seven sites, which are approved under Adarsh Smarak Scheme for Conservation of Monuments, in Tamil Nadu.  The Adarsh Monuments proposed to be upgraded by the Ministry of Culture include the Shore Temple in Mamallapuram, Vellore Fort, Brihadeeswarar Temple in Thanjavur, Kailasanathar Temple in Kancheepuram, Sittannavasal Caves, Gingee Fort and Moovar Koil in Kodumbalur. The work has already begun at the Shore Temple in Mamallapuram.

    India's first Defence incubators will come up in Hyderabad

    The incubator will be housed at T-Hub and will be India’s missile development centre and fast emerging the hub for aerospace industries. The incubator will be funded through the Ministry’s Innovation for Defence Exellence (iDEX) scheme. Initially, a corpus of ₹100 crore has been created by two PSUs- HAL (Hindustan Aeronautics Limited) and BEL (Bharat Electronics Limited), each contributing ₹50 crore.

    Marc Marquez won German Grand Prix for 9th time

    Honda's Marc Marquez clinched his ninth consecutive German Grand Prix victory and took a 46-point championship lead over Valentino Rossi into the summer break after dominating what is set to be the final MotoGP race at the Sachsenring. Seven-time world champion Valentino Rossi finished second with his Yamaha team-mate Maverick Vinales third.

    UK topped Global Ranking of Nations' soft power

    In 2018 'Soft Power 30' index, published by UK-based strategic communications consultancy firm Portland and the University of Southern California Center on Public Diplomacy, France placed second and Germany as third followed by the US. India does not figure on the list, but this year's report also features a chapter dedicated solely to Asia, listing 10 countries in the region, ranking India's soft power as eighth.

    EU and Japan signed major trade deal

    Japan and the EU signed a trade deal, as an act against protectionism, as Washington puts up barriers and threatens a trade war. The deal which is signed in Tokyo is the largest ever negotiated by the EU. It is aimed to create a massive free trade zone, eliminating tariffs for everything from Japanese cars to French cheese. The agreement is expected to enter into force in 2019.

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