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India, Bangladesh, Bhutan and Nepal come together to finalize a Motor Vehicles Agreement (MVA) for a seamless transit of passenger and cargo vehicles among them.
- The agreement will enable passenger, personal and cargo vehicles to transit without the need for costly and time-consuming trans-shipment (loading and unloading) of goods and passengers at the border crossings.
- It is expected to be signed at a meeting of Transport Ministers of the four countries to be held soon this year.
- The economic corridor would also boost people to people contact apart from enhancing trade benefits.
>Login To Save for Revision- Centre to create 3 sub-groups of Chief Ministers within NITI Aayog on following themes.
- Sub-group to study the 66 Centrally Sponsored Schemes and recommend which to continue, which to transfer to states, and which to cut down.
- Sub-group to recommend how NITI Aayog can promote skill development and creation of skilled manpower within states.
- Sub-group to decide on institutional mechanisms to be evolved, and technological inputs, for ensuring that commitment to Swachh Bharat becomes a part of our life.
Each state has also been asked to form task forces under the Aayog.
- One task force would focus on poverty alleviation.
- While the other would focus on future development of agriculture in the state, and how the Centre can assist the state in this regard.
>Login To Save for Revision- Centre to infuse Rs 6990 crores in 9 Public Sector Banks (PSBs) in the Current Year on basis of new criteria based on Efficiency Parameters.
- As per the new criteria, the banks which are more efficient would be rewarded with extra capital for their equity so that they can further strengthen their position.
>Login To Save for Revision- National Awards for Excellence in Hospitality Education 2012-13 conferred.
- The annual awards were given in four categories including those to individual students for excellence in academic performance, Best Teachers Awards, Best Institute Award, and Special Awards.
- It aims to recognize academic excellence in hospitality education.
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Jul 08, 2016 India-Mozambique ink three agreements
India and Mozambique have signed three Memoranda of Understanding (MoU) on reduction of drug trafficking and psychotropic substances and related materials, cooperation in the field of youth affairs and sports, and long term agreement for purchase of pulses .
These MoUs were signed between Secretary of Economic Relations in the Ministry of External Affairs (MEA) Amar Sinha and Mozambique's Finance Minister in the presence of Prime Minister Narendra Modi and Filipe Nyusi, President of Mozambique.
Modi is the first Indian prime minister to visit Mozambique in 34 years. He will also visit South Africa, Tanzania and Kenya.
Long term agreement for purchase of pulses : India's commitment to buy pulses from Mozambique would help meet India's requirement. It will also facilitate long-term investments in commercial farming, generation of farm employment and raise farmers' incomes in Mozambique. India will encourage greater production of pulses in Mozambique with an assurance that it will be purchased by India at a mutually-agreed price.
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Jul 07, 2016 Govt nod to MoUs between India and Mozambique in the field of Drug demand reduction and prevention of illicit trafficking in narcotic drugs
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of a Memorandum of Understanding (MoU) between India and Mozambique on Drug demand reduction and prevention of illicit trafficking in narcotic drugs, psychotropic substances and precursor chemicals and related matters.
The MoU is aimed to enhance mutual cooperation between the two countries in combating illicit trafficking in Narcotic drugs, Psychotropic substances and their precursors through exchange of information, expertise and capacity building.
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Jul 07, 2016 Cabinet approves import of pulses through long-term contract with Mozambique
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a long-term contract by signing a Memorandum of Understanding (MoU) with Mozambique for import of pulses either through the private channels or Government-to-Government (G2G) sales through State Agencies nominated by the two countries.
Key Facts about the MoU :
The MoU aims at promoting the production of Pigeon Peas/Tur and other pulses in Mozambique by encouraging progressive increase in the trading of these pulses.
The MoU includes targets for exports of Tur and other pulses from Mozambique to India for five financial years and aims at doubling the trade from 100,000 tonnes in 2016-17 to 200,000 tonnes is 2020-21.
Background : The total availability of pulses including domestic production and imports were was less than domestic requirements putting pressure on the prices of pulses during the year 2015-16 and current year. To mitigate the shortfall in availability of pulses and supplement the existing efforts at meeting the requirements, the government has decided to enter into long term G2G arrangement with Mozambique.
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