30 September 2016 Current Affairs: India is going to invest 2 billion dollars in Sri Lanka in the next three-four years. It was announced by Union Minister for State (MoS) Commerce and Industry Nirmala Sitharaman during her visit to Sri Lanka.
She had visited Sri Lanka for talks on the Economic and Technological Cooperation Agreement (ETCA) to discuss the terms of the agreement.
Economic and Technological Cooperation Agreement (ETCA) : ETCA agreement seeks to boost cooperation in scientific expertise, technical areas and research amongst institutions between India and Sri Lanka.
It also seeks to boost standards of goods and services to compete on global market and improve opportunities for manpower training and human resource development.
The ETCA initiative follows unfruitful negotiations on a Comprehensive Economic Partnership Agreement (CEPA) between two countries. Objectives of ETCA: (i) Strengthen and advance the economic, trade, investment and technology cooperation. (ii) Promote further liberalization of trade in goods, trade in services and gradually establish transparent, fair and facilitative trading, investment and investment protection mechanisms (iii) Establish a cooperation mechanism and expand areas of economic cooperation.
FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2017 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail