December 2016 Current Affairs

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Union Cabinet approved MoU between India and IMF for setting up South Asia Regional Training and Technical Assistance Center

Union Cabinet approved MoU between India and IMF for setting up South Asia Regional Training and Technical Assistance Center
10 March 2016 Current Affairs: The Union Cabinet on 10 March 2016 gave its approval for entering into the Memorandum of Understanding (MoU) between India and the IMF for setting up of South Asia Regional Training and Technical Assistance Center (SARTTAC) in India.The Cabinet also authorised the Finance Minister to approve related decisions in respect of India’s contribution for setting up of the centre, including Letter of Understanding for financial contribution by India, site of the SARTTAC, representative of India on the Steering Committee on SARTTAC, etc.It will be a collaborative venture between the International Monetary Fund (IMF), and 6 member countries belonging to South Asia.It will help in capacity building of Government officials including State level in macro, fiscal, monetary policies by the IMF and greater coordination between the six member countries of South Asia.The six member countries are India, Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka. Additional member countries could join SARTTAC at a later stage.It will bring in the best practices from across the globe, as well as the South Asian region, resulting in innovative solutions to fiscal, monetary and financial issues and effective response through use of IT and innovative techniques .It will enhance revenue mobilization and development of policies aimed at more effective public and financial management. This will result in economic development and inclusive growth in the country


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
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