MoU`s [ January – April 2015 ] 1

MoU’s [ January – April 2015 ]
1-RBI and ECB signed MoU on cooperation in Central Banking
Reserve Bank of India (RBI) and the European Central Bank (ECB) on 12 January 2015 signed a memorandum of understanding
(MoU) for cooperation in the field of central banking.
The MoU was signed by RBI Governor Dr. Raghuram Rajan and ECB President Dr. Mario Dragh
Feature of the Memorandum of Understanding
It provides a framework for regular exchange of information, policy dialogue and technical cooperation between the
two institutions
Technical cooperation may take the form of joint seminars and workshops in areas of mutual interest in the field of
central banking
Knowledge is Wealth
The Reserve Bank of India was set up based on the recommendations Hilton–Young Commission.
The Hilton-Young Commission is also known as 1926 Royal Commission on Indian Currency and Finance.
The Head Quarters of RBI is at Mumbai.
The Reserve Bank has two training colleges for its officers. i.e. Reserve Bank Staff College at Chennai, Tamilnadu and
College of Agricultural Banking at Pune, Maharashtra.
The Head Quarters of European Central Bank is at Frankfurt, Germany.
2-India and Australia signed MoU for skill and infrastructural development in sports
The Sport Education Development Australia (SEDA) and India's Infrastructure Leasing and Financial Services Limited (IL-FS)
signed a Memorandum of Understanding (MoU) on 13 January 2015. The agreement was signed by the Australian Minister for
Trade and Investment Andrew Robb.
The MoU is aimed at developing the skills of Indian students in various sports and infrastructure as well.
Highlights of the MoU
The partnership is expected to encourage the development of sports and fitness vocational courses in India.
SEDA's experience in vocational education programs will help provide Indian students with the specialist skills and
experience that they need to gain for employment in the sports.
The partnership aims to impart training to youngsters in 350 centres across India in 25-26 states.
3-Melbourne University signs MoU with IIM-A

Melbourne University signs Memorandum of Understanding (MoU) with Indian Institute of Management-Ahmedabad
(IIM-A) for faculty and student exchange programme. The MoU was signed by Australian Minister for Trade and
Investment- Andrew Robb at IIM-A.
Robb visited IIM-A as part of his visit to Vibrant Gujarat summit earlier this week. He was leading a delegation of about
450 businessmen to the summit. As per the sources, the minister interacted with the students and along with the
delegation took a tour of the campus
Important Points:
Melbourne University signs Memorandum of Understanding with Indian Institute of Management-Ahmedabad
The Memorandum is signed for faculty and student exchange programme by Australian Minister for Trade and
Investment- Andrew Robb
Robb visited IIM-A as part of his visit to Vibrant Gujarat summit earlier this week
4-India signed MoU with South Africa for developing Youth Enterprises
A public sector enterprise under the Union Ministry of Micro, Small & Medium Enterprises, National Small Industries
Corporation Limited (NSIC) on 19 January 2015 signed a Memorandum of Understanding (MoU) of Cooperation with the Black
Business Council (BBC) of South Africa.
The MoU was signed during the Conference on Cooperation in MSME Sector organized by NSIC and the High Commission of
India in cooperation with Black Business Council.
Highlights of the agreement
The agreement was signed for developing youth owned enterprises in South Africa.
The MoU, besides cooperation in MSME sector, also focuses on BBC's efforts to economically empower the marginalized
group in South Africa through NSIC's Rapid Incubation Programme.
BBC plans to establish 5 Rapid Incubation Centres in South Africa in cooperation with NSIC.
India-South Africa
India-South Africa cooperation is about sharing knowledge and expertise, exchange of best practices, supporting
innovation and building capacity and skills.
The two nations have great prospects for synergizing their complementarities in areas of industry, services, trade and
technology especially in the field of Micro, small and medium enterprises (MSMEs).
South Africa as a member of Southern African Development Community can be a good partner for Indian businesses.
Similarly, India offers South African companies an excellent location for addressing the huge domestic Indian market as
well as the wider Asian market.
5-India and Hong Kong SAR sign Agreement on Transfer of Sentenced Persons

India on twenty January 2015 signed an agreement on transfer of sentenced persons with Hong Kong SAR (Special
administrative Region).
Under the agreement, the two sides can exchange sentenced prisoners in every other s jurisdiction. The agreement will
mostly apply to Indian prisoners as there are very few Hong Kong residents in Indian prisons.
There are at present ninety three Indians in Hong Kong jails. Only seventeen of them are undergoing sentence for
serious crimes like drug dealing whereas most of the remaining prisoners have been jailed for relatively minor offenses
like immigration law violation.
The two sides have been engaged in discussions on this issue for a long time and it is only currently that an agreement
has been reached. The agreement will add to the existing framework of institutional cooperation between the two sides.
India has similar agreements on exchange of prisoners with several different countries but none with mainland china.
6-RBI signed an MoU on Supervisory Cooperation with Banco Central do Brasil

The Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU) on Supervisory Cooperation and
Exchange of Supervisory )nformation with Brazil s Central Bank, Banco Central do Brasil BCB on
December
.
The information related to MoU was announced by RBI through its notification released on 27 January 2015.
The MoU was signed by Anthero de Moraes Meirelles, Deputy Governor for Supervision, BCB and SS Mundra, Deputy
Governor, Reserve Bank of India.
The Reserve Bank has been signing the Memorandum of Understanding/ Exchange of Letters/Statement of Cooperation
with supervisors of other countries to promote greater co-operation and sharing of supervisory information
among the authorities.
With this the Reserve Bank has signed 23 such MoUs, one Letter for Supervisory Cooperation and one Statement of
Cooperation (SoC) with regulators/supervisors of other countries.
7-SBI’s loan agreement with European Investment Bank (UIB)

State Bank of India (SBI) on twenty three January 2015 signed a loan agreement for one hundred million euro with the
European Investment Bank (EIB).
EIB is a long-term lending institution of the European Union. The agreement was signed on nineteen January 2015. The
agreement was facilitated by SBI Capital Markets.
The loan will be used to support the private sector s development—in particular small and medium-sized enterprises,
social and economic infrastructure as well as global climate change mitigation and adaptation in India. The EIB funds
will be earmarked for financing projects across a broad range of sectors, together with producing, as well as wholesale
and retail trade and services.
This is third tranche of a total sanction of two hundred million euro by European Investment Bank (EIB). A 1st tranche
of fifty five million euro and second tranche of forty five million euro were signed in June 2014 and November 2014
respectively.
About European Investment Bank (EIB)
The European )nvestment Bank E)B is the European Union s non-profit long-term lending institution. EIB was
established in 1958 under the treaty of Rome.
As a policy-driven bank whose shareholders are the member states of the EU, the European Investment Bank (EIB) uses
its financing operations to bring about European integration and social cohesion.
The European Investment Bank (EIB) is a publicly owned international financial organization and its shareholders are
the EU member states. Thus the member states set the bank s broad policy goals and oversee the two independent
decision-making bodies—the board of governors and the board of directors.
8-Karnataka State Government to sign MoU with German Govt for ITI students

The Government of Karnataka is all set to sign a Memorandum of Understanding (MoU) with the German Government
to train students of the Industrial Training Institutes (ITIs) in the state. This would enable the students to develop their
multi-disciplinary skills and get prone to the job market.
The Labour Minister of Karnataka, P T Parameshwar Naik said that the first round of discussions regarding the MoU has
been done and the authorities are soon to finalize all the required documentations for the understanding.
(e said while talking to the reporters, Our government has been according importance to the youth to ensure that they
do not remain unemployed after passing out from it is.
The government will set up four skill development centres around the state in the four revenue divisions. These centres
would help the students to hone their skills during their years in the institutes. The understanding is aimed at giving job
opportunities to the students after they finish their courses, to reduce unemployment.
Important Points
State Government of Karnataka is all set to sign MoU with the German Government to train ITI students
This would enable the students to develop their multi-disciplinary skills and get prone to the job market
The government will set up four skill development centres around the state in the four revenue divisions to reduce
unemployment.
9-Union Cabinet approved MoU on Tourism between India and Oman
Union Cabinet on 28 January 2015 approved Memorandum of Understanding (MoU) on Tourism between India and Oman.
The MoU will strengthen cooperation in the field of tourism between tourism ministries of both the countries.
The main objectives of the MoU are to
• Expand bilateral cooperation in the tourism sector
• Exchange information and data related to tourism
• Encourage cooperation between tourism stakeholders including hotels and tour operators
• Establish exchange programme for cooperation in (uman Resource Development
• )nvest in the tourism and hospitality sectors
• Promote safe, honourable and sustainable tourism
10-Gujarat Handloom Corporation inks MoU with eBay

Gujarat State Handloom and Handicraft Development Corporation (GSHHDC) has signed a Memorandum of
Understanding (MoU) with global e-commerce giant eBay.
The main objective of this MoU is to expand sales base of handloom and handicraft products of Gujarat to online market
from current retail shop sales.
In order to increase the online market share, GSHHDC is also planning to launch its own e-commerce portal under
Garvi-Gurjari brand to reach out to a bigger customer base and boost sales in overseas markets.
GSHHDC is also planning to tie-up with domestic e-commerce majors as Flipkart and Snapdeal.
As of now, GS((DC s sales are from offline market through their
showrooms and exhibitions across )ndia. As
expansion plan, GS((DC s within next three years is aiming to open
stores.
11-India, Spain sign Agreement on Mutual Protection of Classified information on 5th March 2015

India and Spain on five March 2015 signed an agreement on Mutual Protection of Classified information to supply the
framework for enhanced bilateral cooperation in areas of defence research, development and technology cooperation.
The two sides have in agreement to provide framework for increased bilateral cooperation within the areas of defence,
development and technology cooperation. The Agreement was signed by the Defence Minister Manohar Parrikar and
his Spanish counterpart Pedro Morenes Eulate.
Spain has evinced keen interest in being a part of India's "Make-in-India" initiative in defence sector and of the Project
P75I, a project under which India plans to make six conventional submarines for Indian Navy.
Indo-Spain relations at A Glance
The Diplomatic relations between India and Spain were established in 1956 with the opening of Spanish Embassy in
New Delhi followed by concurrent accreditation of our high commissioner to London as Ambassador to Spain in 1958
The 1st resident Ambassador of India to Spain was appointed in 1965
The 1st ever State visit from India to Spain was paid by then President Pratibha Devi Singh Patil in April 2009
The 1st ever State visit from Spain to India was paid by His majesty King Juan Carlos I in October 2012
Agreement on Trade and Economic Cooperation in 1972 was 1st Agreement signed between India and Spain
Spain is the twelfth largest investor in India and the main investments are within the sectors like infrastructure,
renewable energy, auto components, water purification and single brand retail
During the visit of Commerce Secretary to Spain in May- 2014, either side in agreement to carry a Joint Economic
Commission in November 2014 in New Delhi to be co-chaired by Commerce Secretaries from either side.
12-MoU signed between CSIR-NCL and SPMCIL
CSIR-National Chemical Laboratory (CSIR-NCL) on 5 February 2015 signed a Memorandum of Understanding (MoU)
with Security Printing and Minting Corporation of India Ltd (SPMCIL).
The MoU is aimed at fostering collaboration on research and exchange of technical expertise in areas of material
sciences and testing capabilities for bank notes, security documents and coins.
The MoU was signed by Sourav Pal, Director of CSIR-NCL and Rakesh Kumar, Additional General Manager of SPMCIL.
The MoU seeks to explore printing innovations. It ascertained the research projects within the focus areas of SPMC)L s
requirements and domain expertise available at CSIR-NCL.
About CSIR-National Chemical Laboratory
• Based in Pune, National Chemical Laboratory is a research and development organization with a focus on chemistry,
biology and chemical engineering.
• CS)R-NCL belongs to the family of Council of Scientific and Industrial Research (CSIR), the largest chain of public
funded research organization in world.
• CS)R-NCL's human resources comprise of over 1000 people of which 200 are scientists and 110 are technical staffs.
About Security Printing and Minting Corporation of India Ltd
• Security Printing and Minting Corporation of )ndia Limited SPMC)L was incorporated in
under the Companies
Act, 1956 with its headquarters in New Delhi.
• SPMC)L is engaged in the manufacture of security paper, minting of coins, printing of currency and bank notes, nonjudicial
stamp papers, postage stamps, travel documents, etc.
• The Company is under the administrative control of Department of Economic Affairs, Union Ministry of Finance.
13-Adani Enterprises Ltd, Rajasthan Government inks MoU to develop 10,000 MW solar parks

Adani Enterprises Limited (AEL) and Rajasthan Government have signed a memorandum of understanding (MoU) for
developing solar parks in state with a capacity of 10,000 MW.
In this regard, both AEL and state owned Rajasthan Renewable Energy Corporation Limited (RRECL) have agreed to
form a joint venture (JV) to develop these solar parks in state within next ten years. Of these, solar parks of 5,000 MW
capacity will be developed in the next five years.
JV of both companies will set up the solar parks, which will include generation projects and a manufacturing unit for
solar module, parts and equipment.
Once set up, these solar parks will include solar power projects and manufacturing unit for solar module, parts and
equipment in Rajasthan.
After completion, these solar park will produce clean & green energy of approximately 16,644 million units, furthering
)ndia s goals for clean, renewable energy independence and reduce carbon footprint by approximately . MT.
14-Modi, Sirisena hold joint press conference at the forecourts of Rashtrapati Bhawan, in New Delhi
List of Agreements/MoUs signed during the State Visit of the President of Sri Lanka to India:
(i). Agreement between Sri Lanka and India on Cooperation in the Peaceful Uses of Nuclear Energy.
The Agreement would facilitate cooperation in the transfer and exchange of knowledge and expertise, sharing of resources,
capacity building and training of personnel in peaceful uses of nuclear energy including use of radioisotopes, nuclear safety,
radiation safety, nuclear security, radioactive waste management and nuclear and radiological disaster mitigation and
environmental protection.
(ii). Programme of Cultural Cooperation between Sri Lanka and India for the years 2015 - 18.
The Programme of Cultural Cooperation for 2015-18 seeks to enhance the level of cooperation in a wide variety of fields such
as performing arts, visual arts, libraries, museums, archives & cultural documentation, archaeology,
handicrafts, publications and professional exchanges
(iii) MoU on the Establishment of Nalanda University.
The MoU would enable Sri Lanka to participate in the Nalanda University Project.
(iv) Work-Plan 2014-2015 under the MoU on Cooperation in the field of Agriculture between India and Sri Lanka.
The Work Plan would facilitate bilateral cooperation in Agro Processing, Agricultural extension, horticulture, agricultural
machinery, training in farm mechanization, livestock diseases, etc. between relevant institutes and organizations from both
countries.
15-Australia and India signed MoU for Improving Disability Programme

The Public Health Foundation of India (PHFI) which is an Indian public-private health organization, signed a
Memorandum of Understanding (MoU) with University of Melbourne, in order to improve the status of the disability
programme launched by the body.
India and Australia is already in ties with each other in the field of health. This MoU would further strengthen the tie-up
and include newer methods and implementations of programmes. The signing of the MoU took place in the national
capital Delhi.
Deputy Vice Chancellor of University of Melbourne Sue Elliott said that the agreement was a great opportunity which
would allow both the institutions to share their expertise in the field of public health and research.
In the MoU there would be focus in a three year programme that would be aided by Australia. It would be fit in to the
establishment of an institute of health and family welfare in Uttarakhand and a flagship course on public health
leadership. There would be emphasis on the collaborative research, academic exchanges visits, and collaborative
association between the two universities in regional and global forums throughout the academic year. This would help
students get global exposure and healthy learning opportunities.
Important Points
PHFi, an Indian public-private health organization, signed MoU with University of Melbourne in order to improve the
status of the disability programme
India and Australia is already in ties with each other in the field of health
In the MoU there would be focus in a three year programme that would be aided by Australia
16-Lupin ties up with Poland-based Celon Pharma for generic asthama drug

Mumbai-based drug major Lupin on seventeen Feb 2015 pact with Poland-based Celon Pharma to jointly develop and
market a generic version GlaxoSmithKline s Advair Diskus, a drug used to treat asthama, in global markets.
Under the agreement, both the businesses houses will jointly develop fluticasone/salmeterol dry powder inhaler (DPI)
product which may be a generic version of GlaxoSmithKline s Advair Diskus. But Celon will provide the product to
Lupin for its commercialisation in the United States, Canada, Mexico, and other key markets.
The collaboration is a vital milestone in Lupin s efforts to evolve its international inhalation pipeline. Lupin s expertise
in inhalation development and commercialisation in the United States and other markets will accelerate the
development of generic Advair Diskus for global markets.
GlaxoSmithKline s Advair Diskus had global sales of over seven billion United States dollar in fiscal year
-15.
For the development of inhalation product, Lupin has set up a dedicated centre of excellence for inhalation research in
Florida and has been ramping up investments in niche and speciality therapies.
Celon Pharma s Chief executive officer CEO and Managing Director MD is Maciej Wieczorek whereas Lupin s CEO is
Vinita Gupta.
17-KVIC, RSETIS signed MoU to provide vocational training to unemployed youth

The Khadi & Village Industries Commission (KVIC) on 20 February 2015 signed a Memorandum of Understanding
(MoU) with the Monitoring Cell for Rural Self Employment Training Institutes (RSETIs).
KVIC is under the Union Ministry of Micro, Small & Medium Enterprises and RSETI is under the Union Ministry of Rural
Development.
The MoU was signed by BH Anil Kumar, Chief Executive Officer (CEO) & Commissioner for KVIC and KN Janardhana,
Chief Project Co-ordinator of Monitoring Cell for RSETIs.
The MoU was signed to enhance the business skills and project-related skills of the beneficiaries under Prime Minister s
Employment Generation Programme (PMEGP) and improve the viability of the PMEGP project which is being
implemented by KVIC.
As part of the MoU
• RSET)s will carry out Entrepreneurship Development Programme EDP training of PMEGP beneficiaries.
• Monitoring Cell for RSET)s/RUDSET)s will ensure hand holding for trainees, project formulation and guidance up to a
period of two years including arranging for bank loan sanction.
• Monitoring Cell for RSET)s will also prepare district-wise model project reports for benefit of beneficiaries.
• Monitoring Cell for RSETIs will utilize infrastructure of KVIC Departmental Training Centres for their skill
development courses as per requirement on payment of charges.
• RSET)s will also organize workshop jointly with KV)C at district level for officials of Banks to sensitize them on
PMEGP.
MoU was signed for an initial period of three years and the performance under the MoU will be reviewed after 2 years.
Further, trainees having undergone skill development programme at RSETIs & Rural Development and Self
Employment Training Institutes (RUDSETI) will be provided a higher rating in District Level Task Force Committee
(DLTFC) of PMEGP for their selection.
18-RUAG Aerostructures in pact with Tata firm to supply components for airbus 320

Europe-based global supplier and aero-structure components integrator RUAG Aerostructures has entered into a multiyear
contract with Tata group s TAL Manufacturing Solutions, for manufacture and supply of aero-structural
components and sub-assemblies.
RUAG Aerostructures and Tata group firm TAL manufacturing Solutions on seventeen Feb 2015 signed a multi-year
contract price over one hundred fifty million U.S. dollar.
Under the agreement, both the businesses joined hands for the production and supply of aero structural components
and sub-assemblies for airbus 320 programme.
As part of the contract, TAL will manufacture and supply over 550 sheet metal components, machined parts and
subassemblies
to RUAG for airbus A320 programme.
TAL manufacturing Solutions, a subsidiary of Tata Motors, is in commercial and defence aerospace manufacturing.
RUAG is an international supplier and integrator of components for civil and military aerospace applications and is
based in Germany and Switzerland.
19-RCom and Twitter make pact for six-week ICC World Cup 2015

Anil Ambani-owned Reliance Communications (RCom) on seventeen February 2015 inked a pact with micro blogging
website Twitter to permit its subscribers to access it for free and stay connected and engaged during the six-week ICC
World Cup 2015.
As per the deal, RCom customers can engage with players, commentators and celebrities watch exclusive photos and
videos, stay updated with the latest scores without incurring any data charges.
Further the deal will allow customers without twitter accounts to access cricket-related tweets by logging on to
www.rcom.co.in/cricket on their mobile phones throughout the duration of this global event between thirteen
February and thirty one March 2015.
Apart from this, RCom additionally launched an exclusive Cricket Portal, ICCCWC2015.rcom.co.in. Reliance customers
can download content related to the event like match highlights, commentary and behind the scene pictures from the
portal.
20-Indian Army and State Bank of India inked MoU on Defence Salary Package
The Indian Army and State Bank of India (SBI) on 23 February 2015 signed a Memorandum of Understanding (MoU) on the
Defence Salary Package.
The MoU is tailor-made to suit the requirements of serving soldiers, pensioners and families. The revised MoU has
incorporated a number of additional facilities and basic features of the MoU include
• Number of free/concessional services like free drafts, free cheque books, free funds transfers to any bank in India through
RTGS / NEFT, free ATM cards and others
• The provision also includes the Nepal Express Remittance Scheme which enables instant fund transfers to Nepal for the
benefit of the Nepali Domicile Gorkha Soldiers serving in the Indian Army.
• Personal Accident )nsurance PA) was enhanced and was linked to the Savings account instead of the debit card.
• Exemption percentage of margin money for house and car loans was enhanced while the processing charges on the loans
were waved off.
21-Andhra Pradesh signed MoU with Wipro for building and implementing APSEA

The revised MoU will benefit 19.5 lakh pensioners and 10 lakh serving personnel who hold Pay or Pension accounts
with SBI. The beneficiaries will be provided an opportunity to access modern banking facilities.
The signing ceremony was chaired by the Adjutant General, Lt Gen Rakesh Sharma and was attended by top dignitaries
of SBI Bank, headed by Dr Vaidyan MG, Dy MD (Retail Strategy).
The first MoU between the Indian Army and SBI was signed in 2011 and was valid for a period of three years.
Andhra Pradesh (AP) Government on 23 February 2015 signed Memorandum of Understanding (MoU) with Wipro for
building and implementing the AP State Enterprise Architecture (APSEA).
The APSEA is aimed at bringing transformational change in the way government services are conceived, designed,
delivered and consumed.
Characteristics features of APSEA
• )t intends to make the state government future-ready by changing from departmental stovepipes to a citizen-centred
approach to government services achieved through transformation of the front, middle and back office operation.
• )t would prove to be an essential tool for the development of Andhra Pradesh. The vision of the state of Andhra Pradesh is to
use e-governance as a tool to provide integrated services to its citizens through a free flow of information.
• )t necessitates collaborative working and information sharing between departments, forming a virtual/digital network of
departments organised around citizen services and their outcomes.
• )t will follow a multi-level approach to account for different layers of government bodies. To ensure relevancy and
pragmatism, government services will be taken up progressively, based on their priority.
• Service delivery would be supported by deep collaboration between departments in terms of information flow, application
interaction and common infrastructures.
• Services would be evaluated for actual outcomes, rather than outputs.
22-India Bangla Desh agreed for Joint Border Patrolling to act against criminals and smugglers

India and Bangla Desh on seventeen February 2015 determined to step up joint patrolling along the boundary to act
against criminals and smugglers. The coordinated border management plan will also facilitate in enhancing cooperation
between the 2 nations.
The decision was taken at the India-Bangladesh Joint working group meeting and the Home Secretary-level talks held in
New Delhi on 16-17 February 2015. The Indian delegation was led by Union Home Secretary LC Goyal whereas the
Bangladeshi delegation was led by Senior Secretary in the Ministry of Home Affairs Mozammel Haque Khan.
Agreements and decisions made during the meet include
India and Bangla desh agreed to vigil on the border by deployment of troops of Bangla desh in unguarded border areas
of Bangladesh, significantly along the borders facing Tripura and Mizoram.
India and Bangla desh agreed to act against the criminals engaged in human trafficking from Bangla Desh to India and
other countries.
India and Bangla desh agreed to resolve the issues concerning fishermen drifting inadvertently across the maritime
boundaries
India and Bangla desh discussed about the security and border management-related problems between the 2 countries
The meetings of Deputy Commissioners or District Magistrates of the districts bordering India and Bangla Desh were
also resumed, after a long time
Apart from this, LC Goyal also appreciated the steps taken by the Bangla desh authorities in acting against the carriers
of fake Indian currency notes as well as the actions taken against the Indian Insurgent groups taking shelter within the
bordering areas of Bangla desh.
23-Mumbai University signed MoU with Indian Railways to set up Rail Innovation and Technology Centre
Mumbai University on 23 February 2015 signed a memorandum of understanding (MoU) with the Indian Railways to set up a
Rail Innovation and Technology Centre to train students for expertise in Railway Engineering.
Highlights of the MoU
• )ndian Railways will allocate
. crore rupees budget for the centre over the next five academic years.
• Mumbai University will provide education, distribution of facilities for higher education, effective administration and financial
control.
• The university will impart practical training to candidates at university s Kalina, Ratnagiri and Kalyan sub campus.
• The university will also start specialized courses at the Post Graduate level related to rail technology.
• This institute will help the Indian Railways in developing cutting-edge indigenous technologies and turn as a net exporter of
such technologies.
The areas identified by the University to carry out innovation and research will include robust designing and construction of
railway bridges and tunnels, modernization of signal and communication systems, developing glitch free high speed rail
systems, wheel- rail interface related issues rail noise and vibration control and improved safety mechanisms.
24-Bharti Airtel Ltd signed partnership agreement with UNICEF to provide education in Africa

Indian telecom Bharti Airtel Ltd. on eighteen February 2015 tied-up with United Nations Children s Fund UN)CEF to
provide health, education and youth-focused content to its customers in seventeen African countries.
)n this regard, Bharti Airtel Ltd. and United Nations Children s Fund UN)CEF signed a partnership agreement. Their
partnership is aimed at improving African population s access to health and education-related data from various
innovative projects supported by UNICEF.
The partnership extends across seventeen countries in Africa together with Kenya, Malawi, Madagascar, Rwanda,
Seychelles, Tanzania, Uganda, Zambia, Burkina Faso, Chad, DRC, Congo, Gabon, Ghana, Niger, Nigeria and Sierra Leone.
This agreement will help United Nations )nternational Children s Emergency Fund UN)CEF to tap into Airtel s mobile
services to spread its health, education and youth-focused content to Airtel customers across the seventeen African
countries.
Through Airtel s improved connectivity, more Africans will have free access to mobile applications and services
developed by United Nations )nternational Children s Emergency Fund UN)CEF like eduTrac, mTrac and U-report
with improved connectivity.
Meanwhile, Bharti Airtel launched its 1st customized 3G Smartphone pan-Africa to tap mobile internet users.
25-NSE signed MoU with GIFT to establish an international exchange in Gujarat

The National Stock Exchange (NSE) signed a Memorandum of Understanding (MoU) on 26 February 2015 with the
Gujarat International Finance Tec-City (GIFT) to establish an international exchange in Gujarat. The MoU was signed in
the presence of Gujarat Finance Minister Saurabh Patel.
The GIFT Special Economic Zone is being developed as )ndia s first )nternational Financial Services Centre )FSC . )t is
spread over 886 acres.
The expected investment in this multi-service SEZ is to the tune of 78000 crore rupees. An estimated five lakh persons
are claimed to get direct employment in this mega commercial centre.
This will allow Indian and international entities to deal in financial products and services from India.
Further, this will provide an electronic platform for facilitating trading, clearing and settlement of securities, and will
explore the possibility of starting trading facilities in different asset classes like equities, interest rates and currencies,
among others.
26-Russia, Cyprus sign military cooperation agreement

Russia and Cyprus have signed a military cooperation deal, under which Russian navy ships will be permitted to make
regular port calls at the island country. The agreement was signed following talks between Russian President Vladimir
Putin and his visiting Cypriot counterpart, Nicos Anastasiades, in the capital town of Moscow on twenty fifth February
2015, Wednesday.
The new deal reportedly permits Russian navy ships to use ports in Cyprus to replenish supplies and undergo
maintenance.
The Moscow-Nicosia agreement came as the Russian federation has been hit with a series of sanctions by the USA and
the EU over the conflict in eastern Ukraine. Kiev and its Western allies accuse Moscow of supporting pro-Russia forces
in eastern Ukraine. The Kremlin categorically denies the allegation.
Why the deal is very important for Russia?
)t would finish the search of Russia for building a base in Mediterranean Sea since it had lost a military base on Syria s
Coast during fighting between anti-government rebels and troops loyal to President Bashar al-Assad.
Further, within the wake of plummeting of ties between Russia and the West over Ukraine crisis, Russia has sought to
strengthen ties with a number of individual EU members including Cyprus, Hungary and Greece.
The relations between Russia and Cyprus
Cyprus is heavily dependent on Russian investment and has been a destination for cash from Russia. Earlier in the last
week of February 2015, Russia restructured a 2.5 billion euro (2.8 billion U.S. dollars) loan to Cyprus it signed in 2011.
The restructuring included cutting the annual interest rate to 2.5 p.c from 4.5 p.c and extending the redemption period
to 2018-2021.
According to global financial Integrity, illicit money flows from Russia to Cyprus amounted to at least 211.5 billion US
dollars during the period 1994 – 2011.
27-MoU between Zoological Society of London and Gujarat Forest Department for conservation of
Asiatic Lion
The Zoological Society of London (ZSL) and the Gujarat Forest Department on twenty six Feb 2015 signed a memorandum of
understanding (MoU) for conservation of Asiatic Lion and its habitat.
The MoU was signed by ZSL Director General Ralph Armond pledging support to safeguard the future of the valuable big cats.
Apart from ZSL, Wildlife Institute of India will also be the knowledge partner with the forest department in conservation of
lion.
Highlights of MoU between ZSL and Gujarat Forest Department
ZSL with its experience in managing zoo will offer technical help to forest department in handling rescue operations
and treatment centres.
ZSL will offer animal husbandry and specialist veterinary experience to train forest guards.
)t ll also facilitate to manage Sakkarbaug Zoo in Junagadh.
Gujarat Forest Department will use smart software collectively developed by the ZSL and the Gujarat forest department
for tracking the movement of their staff and even the lions.
Earlier in 2014, the first-ever fundraising event was organised by the Zoological Society of London. It launched the
charity s Lions
fundraising campaign and raised over
pounds towards helping to save the Asian lions.
Today, the population of Asiatic lions remaining in a small pocket of the Gir Forest is just four hundred. They are
particularly vulnerable to the threats of disease and conflict with humans.
Zoological Society of London (ZSL)
Founded in 1826, the Zoological Society of London (ZSL) is an international scientific, conservation and educational
charity organisation whose mission is to promote and attain the worldwide conservation of animals and their habitats.
It runs active conservation projects in more than fifty countries and in its 2 zoos- ZSL London zoo and ZSL Whipsnade
Zoo.
28-NSE signed MoU with GIFT to establish an international exchange in Gujarat

The National Stock Exchange (NSE) signed a Memorandum of Understanding (MoU) on 26 February 2015 with the
Gujarat International Finance Tec-City (GIFT) to establish an international exchange in Gujarat. The MoU was signed in
the presence of Gujarat Finance Minister Saurabh Patel.
The GIFT Special Economic Zone is being developed as )ndia s first )nternational Financial Services Centre )FSC . )t is
spread over 886 acres.
The expected investment in this multi-service SEZ is to the tune of 78000 crore rupees. An estimated five lakh persons
are claimed to get direct employment in this mega commercial centre.
This will allow Indian and international entities to deal in financial products and services from India.
Further, this will provide an electronic platform for facilitating trading, clearing and settlement of securities, and will
explore the possibility of starting trading facilities in different asset classes like equities, interest rates and currencies,
among others.
29-Ind-Ra: Monetary Policy Framework Agreement with RBI and Govt of India

Union Government and Reserve Bank of India (RBI) signed an agreement on monetary Policy Framework. The
agreement was signed on twenty February 2015 but was made public on 2 March 2015.
The agreement empowers the Reserve Bank of India (RBI) to go for inflation targeting that is common in developed
countries and it conjointly empowers Reserve Bank of India (RBI) to monitor its monetary policy framework.
As per the agreement, Reserve Bank of India (RBI) will aim to bring down the inflation below six p.c by January 2016
and inflation target for 2016-2017 and subsequent years will be four p.c +/-2 percentage points.
Features of the agreement that empowers Reserve Bank of India (RBI) to monitor its framework
)ndia s monetary policy framework will be operated by the Reserve Bank of India (RBI).
)ndia s monetary policy framework will aim to maintain price stability while keeping in mind the objective of growth.
If the Reserve Bank of India (RBI) fails to fulfil the target, then it will have to report to the Union Government the
explanations for the failure to attain the target.
It will conjointly provide the remedial action to take and estimate of the time period within which the target would be
achieved.
It will put in place a framework of a modern monetary policy to fulfil the challenges of an increasingly complicated
economy.
The RB) s Governor will determine the country s key interest rates or any measures required to attain that inflation
target.
It binds the Union Government to take proactive measures for price control.
The agreement will provide a predictable policy stance on inflation, helping investors, especially in the debt market.
The agreement was signed in line with the recommendations of the RB) s Urjit Patel committee. The committee s
recommendation will smooth the financial policy scene within the country.
At present, the Union Government and the Reserve Bank of )ndia RB) provides inflation estimates but don t set any
targets for it.
30-RBI signed an agreement on monetary Policy Framework with Union Government

Union Government and Reserve Bank of India (RBI) on twenty February 2015 signed an agreement on monetary Policy
Framework. As per the agreement, RBI accepted to concentrate on flexible inflation targeting.
Inflation targeting is defined as an economic policy in which a central bank estimates or decides for a medium-term
target inflation rate.
In Indian context, as per the agreement, inflation targeting means that the Reserve Bank of India (RBI) will have to
maintain Consumer Price Index (CPI)-based inflation targets below six per cent by Jan 2016 and 4 per cent from 2016-
17, with a band of plus/minus 2 per cent.
The new framework makes Reserve Bank of India (RBI) more responsible as now it will have to explain to the govt if it
fails to satisfy the inflation targets.
The transition from financial targeting suggested by Chakravarty Committee (1988) to Inflation targeting suggested by
Urijit Patel Committee is similar to the practice adopted by central banks in developed countries.
What are the benefits of Inflation Targeting?
The benefits of inflation targeting are many. Two of the distinguished advantages of inflation targeting are
enhancement of transparency and reduction of price variability.
The most important benefit of inflation targeting is that it helps the central banks to maintain low inflation and low
inflation eventually promotes long term growth.
Other most important benefits of using inflation targeting include enhanced public understanding of monetary policy,
increased central bank accountability, and an improved state for economic growth.
31-Indian Railways signed MoU with LIC for implementing Railway projects

Indian Railways on 11 March 2015 signed Memorandum of Understanding (MoU) with Life Insurance Corporation of
India (LIC) to augment its resources for speedier execution of projects. The MoU was signed by Rajalakshmi Ravikumar,
Financial Commissioner (Railways) and SK Roy, Chairman of LIC.
Under this MoU, LIC will make available a Financial Assistance of 150000 crore rupees to the Indian Railways for
implementing Railway projects over the next five years. The Financial Assistance will be available from the Financial
Year 2015-16.
LIC will invest in bonds issued by various railway entities such as Indian Railways Finance Corporation. There will be a
5 year moratorium in interest and loan repayment. The bonds will have a tenor of 30 years and will be disbursed over
the next five years.
In his Budget Speech 2015-16, Union Railways Minister Suresh Prabhu had announced his intention of meeting a part of
the total Plan Budget of 100011 crore rupees through extra budgetary resources, such as market borrowings by
tapping low cost long term funds.
32-MoU between Confederation of Indian industry (CII) and National University of Singapore (NUS)

Confederation of Indian industry (CII) signed a memorandum of Understanding (MoU) with Lee Kuan Yew school of
Public Policy, National University of Singapore NUS on nineteen March
to boost )ndia s rating on ease of doing
business.
The MoU aimed to boost the ease of doing business and bring the rating of India amongst the top fifty countries from
the current 142nd slot as per World Bank Report.
The MoU was signed during the CII Conference on make in India: Focus North oragnised by CII as part of CII Northern
Region s Annual Regional Meeting.
CII and NUS will conduct joint state level research across eleven parameters together with starting a business,
managing construction permits, getting electricity, land acquisition and registration of property, obtaining credit,
protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and
labour market regulations.
Subsequently, this MoU would be followed by individual trilateral MoUs between the CII, NUS and respective state
governments to in turn create state-wise master plan for ease of doing business and then prepare a comprehensive
state-level action plan.
The NUS would study where the states stand presently on various parameters, guide on the specific best practices to be
adopted by different states, handhold them and would additionally analyze their improvement on year on year basis.
Addressing the problem of ease of doing business is crucial for fast growth and job creation as the Make in India
campaign aims to position India as a world class manufacturing destination.
However, in order to realise this potential, the major thrust needs to be placed on improving the investment climate in
states ranging from ease of doing business, structural & regulatory reforms to enabling infrastructure.
Singapore is ranked at no.1 country in ease of doing business.
33-5 Memorandums of Understandings (MoUs) signed between India and Mauritius on 12th March 2015

Prime Minister of India Narendra Modi visited Mauritius between eleven March and twelve March 2015 as part of his 3
nation tour to Seychelles, Mauritius and Sri Lanka that occurred from ten March to fourteen March 2015.
Prime Minister of Mauritius Sir Anerood Jugnauth gave the ceremonial reception to Prime Minister Modi during his
arrival in the country.
During his visit, 5 Memorandums of Understandings (MoUs) were signed between the 2 nations. These include:
• MoU in the field of Ocean Economy
• MoU on Programme for Cultural Cooperation for the year 2015-18
• MoU on the Protocol for the importation of fresh mango from )ndia
• MoU for the development in ocean and air transportation Facilities at Agalega )sland of Mauritius
• MoU on Cooperation in the field of traditional System of medicine and homeopathy
Besides on twelve March 2015, Prime Minister Modi joined the National Day celebrations in Mauritius as the guest of
honour and conjointly greeted people of the Island nation and offered prayers by pouring Ganga Jal at Ganga Talao,
Mauritius.
He also addressed the National Assembly of Mauritius and attended the programme to mark the commissioning of the
barracuda, a ship in the service of the National Coast Guard of Mauritius.
He also paid homage to the valiant Aapravasis for their human spirit and conjointly described the Aapravsi ghat as
signifying the enduring links between India and Mauritius.
34-BHEL and IIT Kanpur join hands to Develop Advance Technology

In order to develop advance technology and provide more options in the field of technology, Bharat Heavy Electricals
Limited (BHEL) has signed a Memorandum of Understanding (MoU) with IIT Kanpur. The statement about the signing
of MoU was issued by IIT on Saturday.
According to the release provided by ))T Kanpur it said, under the agreement by both the parties research would get
conducted in various fields like, combustion, thermodynamics, fluid mechanics and mechanical engineering. BHEL
would provide its expertise to the students of IIT Kanpur, in order to develop cutting edge technology and explore
newer possibilities in the segment of advanced technology.
The MoU got signed between the dean R&D IIT Kanpur, Prof Manindra Agarwal and Executive Director (R&D), BHEL Dr.
Umakant Choudhury. In order to witness the signing of the memorandum of Understanding IIT Kanpur Director Prof.
Indranil Manna and Director (R&D), BHEL T N Veeraghavan were also present.
According to Veeraghavan, )t will strengthen BHEL as IIT Kanpur is doing good work in the field of scientific
electronics. B(EL is also considering constituting a chair at this prestigious educational institution.
35-Union Sports Ministry signed MoU with IIFCL to support TOP Scheme for Badminton
Union Ministry of Youth Affairs & Sports (MYAS) on 31 March 2015 signed a Memorandum of Understanding (MoU)
with India Infrastructure Finance Company Limited (IIFCL) to support Target Olympic Podium Scheme (TOP) Scheme
for Badminton sport.
Under the MOU, IIFCL shall contribute 30 crore rupees to the TOP Scheme under its initiatives for Corporate Social
Responsibility (CSR). IIFCL have contributed 10 crore rupees so far.
Activities that will be taken as part of the MoU
To provide customized training and coaching to TOP Scheme Athletes at institutes/centers having world class facilities
under the guidance of renowned coaches,
To provide world class equipment to TOP Scheme Athletes,
To ensure the availability of high quality support staff for the benefit of TOP Scheme Athletes, including but not limited
to, physiotherapists and sports psychologists; and
To ensure that appropriate support whatever required, including but not limited to medical, nutrition and physiological
support, is made available to the TOP Scheme Athletes during the Term.
Union Sports Ministry initiated the TOP Scheme under the NSDF. The scheme envisages identification of athletes who
are potential medal winners in Olympics and providing support to them for preparation for Olympics.
The National Sports Development Fund (NSDF) was established by the Union Sports Ministry with the objective of
promotion of sports in general and specific sports disciplines and individual sports persons in particular for achieving
excellence at the National and International level.
36-Agreement between India and Seychelles to increase to maritime partnership and security signed on
11th March 2015
India on eleven March 2015 signed four agreements with the Indian Ocean island nation Seychelles to boost security and
maritime partnership. The agreements were signed during the visit of Prime Minister Narendra Modi to Seychelles.
The four agreements were signed in following categories:
• Cooperation in (ydrography
• Cooperation in renewable energy
• Cooperation in )nfrastructure development
• Cooperation in Sale of navigation charts and electronic navigational charts
PM Modi conjointly launched the Coastal surveillance radar Project in Seychelles, describing it as another symbol of the
cooperation between the 2 countries. He also declared that India will grant free visas to for 3 months to the citizens of
Seychelles.
Moreover, Seychelles will continue to make a vast contribution to the safety and security of the Indian Ocean Region. With this
visit, Narendra Modi became the 1st Indian Prime Minister to visit Seychelles in thirty four years. Indira Gandhi had visited the
country in 1981.
37-5 Memorandums of Understandings (MoUs) signed between India and Mauritius on 12th March 2015
Prime Minister of India Narendra Modi visited Mauritius between eleven March and twelve March 2015 as part of his 3 nation
tour to Seychelles, Mauritius and Sri Lanka that occurred from ten March to fourteen March 2015.Prime Minister of Mauritius
Sir Anerood Jugnauth gave the ceremonial reception to Prime Minister Modi during his arrival in the country.
During his visit, 5 Memorandums of Understandings (MoUs) were signed between the 2 nations. These include:
• MoU in the field of Ocean Economy
• MoU on Programme for Cultural Cooperation for the year
-18
• MoU on the Protocol for the importation of fresh mango from )ndia
• MoU for the development in ocean and air transportation Facilities at Agalega )sland of Mauritius
• MoU on Cooperation in the field of traditional System of medicine and homeopathy
Besides on twelve March 2015, Prime Minister Modi joined the National Day celebrations in Mauritius as the guest of honour
and conjointly greeted people of the Island nation and offered prayers by pouring Ganga Jal at Ganga Talao, Mauritius.
He also addressed the National Assembly of Mauritius and attended the programme to mark the commissioning of the
barracuda, a ship in the service of the National Coast Guard of Mauritius.
He also paid homage to the valiant Aapravasis for their human spirit and conjointly described the Aapravsi ghat as signifying
the enduring links between India and Mauritius.
38-CII and European Bank for Reconstruction and Development (EBRD) signed MoU to deepen
partnership
Confederation of Indian Industry (CII) on 6 April 2015 signed a Memorandum of Understanding (MoU) with the European Bank
for Reconstruction and Development (EBRD) to deepen partnership between Indian companies and the bank in those countries
where the bank has operations.
It was signed by the CII Director General Chandrajit Banerjee and EBRD Vice-President Phil Bennett at a session on Inclusive
Business: The Way Forward as part of the National Conference and Annual Session 2015 held by the CII in New Delhi.
Under the MoU, the EBRD countries of operations would benefit from the transfer of skills from world-class Indian companies.
On the other hand, EBRD will be sharing its strong local knowledge with Indian companies that are either moving into the
EBRD regions for the first time or which want to expand their operations in those countries.
The bank has already made 1 billion US dollar investment together with Indian companies and the MoU will help to utilize huge
untapped potential in the Indian private sector.
About European Bank for Reconstruction and Development (EBRD)
The bank was established in 1991 to support transition to market economies of socialist economies in Eastern Europe and the
former Union of Soviet Socialist Republics (USSR).It is owned by 64 countries, the European Union and the European
Investment Bank.
Suma Chakrabarti, an Indian origin British civil servant, has been the President of the bank since 2012.
39-Dena Bank inked MoU with Life Insurance Corporation
Dena Bank on 6 April 2015 signed a Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to
provide insurance cover to all Aadhaar-linked savings account holders of the bank in the age group of 18 to 50 years.
The insurance cover will be provided under the Prime Minister s Pradhan Mantri Jeevan Jyoti Bima Yojana PMJBY scheme.
The scheme will come into effect from 1 June 2015.
Features of the PMJBY Scheme
• Risk of lakh rupees will be covered in case of death
• A premium sum of
rupees per annum will be auto-debited to the account holder s account
• As per the terms of risk coverage, a person has to opt for the scheme every year
The bank said that people who join the scheme before completing 50 years can continue to have the risk of life cover up to the
age of 55 years.
40-RBI signed 3 years Currency Swap Agreement with central bank of Sri Lanka on 25th March 2015

The reserve bank of India (RBI) on twenty five March 2015 signed a four hundred million U.S. dollar currency swap
agreement with the central bank of Sri Lanka. The agreement is valid for a period of 3 years from the date of signing.
According to the agreement, the central bank of Sri Lanka will can make withdrawals of U.S. dollar or euro in multiple
tranches up to a maximum of four hundred million U.S. dollar or its equivalent.
This agreement will further economic co-operation between the 2 countries and also bring in more financial stability
within the region.
The Currency Swap Agreement with Sri Lanka was inked in backdrop of the announcement of May- 2012 by the RBI
Governor throughout the SAARCF)NANCE Governor s meeting, control in Nepal. At the meeting, Reserve Bank of )ndia
(RBI) had offered swap facilities aggregating 2 billion U.S. dollar, both in foreign currency and Indian rupee to
neighbouring countries of the SAARC region.
This facility will be available to all South Asian Association for Regional Cooperation (SAARC) member countries, that is,
Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka.
The swap arrangement is meant to provide a backstop line of funding for the SAARC member countries to meet any
balance of payments and liquidity crises till long run arrangements are made or if there is need for short-term liquidity
due to market turbulence.
41-5 MoUs signed between China and Sri Lanka in Beijing on 26th March, 2015
China and Sri Lanka signed 5 agreements on twenty six March 2015 to deepen development partnership between the 2
countries.
The agreements were signed in Beijing during the maiden visit of Sri Lankan president Maithripala Sirisena to China after
assuming the office in January 2015.
Outcomes of the Sri Lankan president’s visit to China
• Each the countries reiterated the shared adherence of the countries to the Principles of Peaceful Co-existence or Pancha
Sheela.
• The nations signed agreements associated with cooperation for special aid in public health, development of water
treatment methods and technologies in kidney disease affected areas, research and development of the coconut industry and
refurbishment of the Superior Courts complex in Sri Lanka.
• During the talks between the Sri Lankan president and his chinese counter part Xi Jinping it was also agreed to kick start
third round of negotiations to conclude the planned China-Sri Lanka free trade Agreement (FTA).
• Sri Lanka accepted the China s invitation to become a founding-member of the Chinese planned Asian Infrastructure
Investment Bank (AIIB).
• China agreed to provide for
training opportunities for young scientists from Sri Lanka in the next years.
• China agreed to set up Chinese language training centres in Sri Lanka to deepen cultural partnership between both the
countries.
Views
The relations between Sri Lanka and China are of utmost importance for India in terms of national security. The recent Chinese
initiatives like Maritime Silk Road and involvement of Chinese firms in infrastructure projects in Sri Lanka are seen as a part of
China s strategy to encircle )ndia by deepening partnership with )ndia s neighbours.
42-Google with PricewaterhouseCoopers to focus on Digital India scheme: Agreement signed

Online search giant Google on five April 2015 entered into a strategic partnership with consulting firm
PricewaterhouseCoopers to focus on Digital India scheme and large enterprise deals. With the Indian partnership,
Google desires to push itself into giant e-governance scheme and improve the sales for its cloud services in India.
PwC has already built a 30-member team to look after such projects and is using its 1800-people technology team in
India to develop industry-specific solutions designed on Google platforms.
Google is already working with the govt. on many projects, including MyGov, the citizen engagement platform of the
govt. of India, to launch a nationwide contest to build a mobile app.
While Google has been fairly successful in reaching out to small and medium businesses in India, it still finds the going
tough when it involves cracking projects at large companies where its competitor Microsoft has a stronghold.
Microsoft in the end of March 2015 declared a similar partnership with KPMG to include a global collaboration to
deliver new suites of innovative solutions and services in data and analytics, cloud compliance and transformation and
business solutions.
Both Google and Microsoft have been sharply attempting to be a part of the 1.13-lakh crore rupees Digital India
initiative that seeks to remodel the country into a connected economy, attract investment in electronics manufacturing,
and create millions of jobs and support trade.
43-Confederation of Indian industry (CII) and EBRD signed MoU to deepen partnership

Confederation of Indian industry (CII) on six Apr 2015 signed a memorandum of Understanding (MoU) with the
European Bank for Reconstruction and Development (EBRD) to deepen partnership between Indian companies and the
bank in those countries where the bank has operations.
It was signed by the CII Director General Chandrajit Banerjee and EBRD Vice-President Phil Bennett at a session on
comprehensive Business: The way forward as part of the National Conference and Annual Session 2015 organised by
the CII in New Delhi.
Under the MoU, the EBRD countries of operations would benefit from the transfer of skills from world-class Indian
firms. On the other hand, EBRD will be sharing its strong local knowledge with Indian companies that are either moving
into the EBRD regions for the 1st time which need to expand their operations in those countries.
The bank has already made 1 billion United States dollar investments together with Indian companies and the MoU will
help to utilize huge untapped potential in the Indian private sector.
About European Bank for Reconstruction and Development (EBRD)
The bank was established in 1991 to support transition to market economies of socialist economies in Eastern Europe
and the former Union of Soviet Socialist Republics (USSR).It is owned by sixty four countries, the European Union and
the European Investment Bank.
Suma Chakrabarti, an Indian origin British civil servant, has been the President of the bank since 2012.
44-Sri Lanka signed 6 MoU’s with Pakistan on 6th April, 2015 in Islamabad
Sri Lanka signed MoU s with Pakistan on April ,
. The signing of the agreement was done at the PM (ouse in )slamabad
in presence of the Pakistan PM Nawaz Sharif and Sri Lanka President Maithripala Sirisena.
The six agreements pertained to advancing cooperation in disaster management, sports, shipping, socio-economic
development, education and narcotics control.
The list of six agreements signed between Sri Lanka and Pakistan
Cooperation between Pakistan atomic energy Commission and atomic energy Authority of Sri Lanka
Agreement on cooperation against illicit trafficking in narcotic drugs and psychotropic substances
Academic cooperation agreement on exchange and collaboration between National Defence University of Pakistan and
Lakshman Kadirgamar Institute of international relations and Strategic Studies of Sri Lanka
Mutual cooperation in shipping business between Pakistan National Shipping Corporation(PNSC) and the Ceylon
Shipping Corporation Ltd (CSCL)
Collaboration in the field of Sports
Cooperation on disaster management
Sri Lankan President Sirisena is on a day visit to Pakistan and this is Sirisena s st visit to Pakistan since he assumed the
charge of President of Sri Lanka in January 2015.
The two heads of states during their meeting discussed ways to enhance bilateral cooperation in various fields while focusing
mainly on trade. Regional and international problems with mutual interest were also part of the discussions.
Discussion on the story
The most important among the six agreement signed was the agreement on atomic energy. Even though Pakistan and Sri Lanka
have traditionally enjoyed strong ties, particularly over defence, but the signing of agreement on atomic energy with Pakistan
one month after the signing of agreement on nuclear cooperation with India highlights the focus which the new regime in Sri
Lanka is putting on build its 1st nuclear plant.
Pakistan has 3 operational nuclear plants that generated a total of around 740 MW of power. it has also begun work on building
2 more nuclear plants, including a 2200-megawatt station that is being built along the Arabian sea coast at Paradise Beach,
forty kilometres west of Karachi with the help of Chinese assistance.
45-Netherlands, Thailand inked MoU with Sikkim to help in development of floriculture
State government of Sikkim on 20 January 2015 inked Memorandum of Understanding (MoU) with governments of the
Netherlands and Thailand for development of floriculture in the state. This deal will help the state to reach out to the
international market.
Features of the MoU
• Governments of the Netherland and Thailand will provide expertise and technology to develop hybrid Sikkim s Cymbidium
and other orchids and also cut flowers
• They will help the state in marketing and transportation of flowers
Floriculture in Sikkim
Geographical and environmental conditions of Sikkim are quite conducive for development of floriculture at a higher altitude.
Apart from this, Sikkim s model of organic farming and cultivation gives longevity of up to
days to orchid flowers and up to
10-20 days in case of cut flowers.
46-India and United States signed memorandum of Cooperation (MoC) on transportation on 8th
April,2015
Union Road Transport and Highways minister Nitin Gadkari and American Secretary of Transportation Anthony Foxx on eight
Apr 2015 signed a memorandum of Cooperation (MoC) in New Delhi for deepening partnership in the field of transport
between the 2 countries.
Importance of MoC between India and USA
• )t ll enable )ndia to make use of world s latest technology available with the USA for projects like developments of waterways
and multi-modal hub.
• )t aims to foster cooperative work on key problems with mutual interest for all modes of transportation and coordinating
public and pvt sector resources and expertise to advance safe, secure, efficient and integrated transportation systems.
• )t covers areas like highway transportation, urban transportation, safety and environmental protections, vehicle and
behavioural safety, fuel efficiency, rail transportation, maritime shipping and intermodal transportation.
47-MoUs signed between India and France on 10th April,2015
India and France signed twenty memorandum of Understandings (MoUs) and Agreements on ten Apr 2015 to give new
impetus to bilateral co-operation between the two countries.
The two countries signed agreements covering the fields of Defence and nuclear energy, Space, Economic relations, Railways,
Energy, Tourism, Science and Technology, skill Development and ayurveda.
The MoUs and Agreements were signed during visit of Prime Minister Narendra Modi to France between nine Apr and twelve
Apr 2015.
Defence and nuclear Energy
MoU between L& T and AREVA: The MoU aims at price reduction by increasing localization, to boost the financial
viability of Jaitapur project. )t ll also enable transfer of technology and development of indigenous nuclear energy
industry in India.
Pre-engineering agreements (PEA) between NPCIL and Areva: it was signed with an aim to bring clarity on all technical
aspects of the plant in order that all parties (AREVA, Alstom and NPCIL) can firm up their price and optimize all
provisions for risks still included at this stage in the costs of the project.
Space
MoU between on Megha Tropiques: The MoU seeks to increase the sharing and use of information from the Megha
Tropiques satellite by two more years. The satellite, a joint project between ISRO and CNES, was launched aboard Polar
Satellite Launch Vehicle (PSLV) on twelve Oct 2011
MOU for Ka-band propagation experiment over Indian tropical region: It envisages cooperation between ISRO, CNES
and ONERA for implementation of the project regarding Ka-band propagation experiment over Indian tropical region.
Programme between ISRO and French National Centre for space Studies (CNES): It proposes cooperation in the areas of
Remote sensing, satellite communications and satellite meteorology; space sciences and planetary exploration amongst
others.
Sports
MoU on Cooperation in Sports: The MoU envisages cooperation and exchange of experiences in the fields of sports
medicine, management and coordination of sports federations and establishment of National Institute of Sports in India
based on French model of INSEP.
Economic Relations
MoU on cooperation in the field of renewable energy: It seeks to encourage and promote technical bilateral cooperation
on new and renewable energy issues. It would cover solar, wind, bio-energy, tidal and wave energy sectors.
Railways
Railway protocol between Indian Ministry of Railways and French National Railways (SNCF): The Protocol seeks to
establish cooperation between Indian and French Railways for semi-high speed rail and station renovation.
Energy
Guarantee Agreement with AFD financing of Energy efficiency Services Ltd. (EESL): The Agreement seeks to finance
Energy efficiency Services Ltd. (EESL)
Culture, Heritage Conservation, Tourism, People-To-People Contacts
Administrative Arrangement within the field of Cultural Heritage: the administrative Arrangement between the Indian
Ministry of Culture and French Ministry of Culture and Communication envisages cooperation within the field of
cultural heritage, through training of Indian heritage conservation professionals at the Institute National du Patrimoine
(INP).
Letter of Intent (LoI)on Tourism: Seeks to extend cooperation in tourism sector between India and France and promote
sustainable bilateral tourism between the 2 countries The LoI also seeks to facilitate twinning of sites having historical,
natural and cultural significance in India and France for promoting them as tourist desticountries .
Letter of Intent (LoI) between the archaeological Survey of India (ASI) and National Institute of Preventive
archaeological research (INRAP): The LoI envisages collaboration on preventive archeology projects, initiatives to
disseminate culture and promote archaeology, training programmes for specialists of ASI and deployment of
experience, in particular, in the field of underwater archaeology.
MoU between school of planning and architecture, Delhi and National architecture Institute in Paris, France: It
envisages cooperation to undertake joint planning and geographical studies in India and France and training of local
counterparts in modern urban and regional planning.
MoU between )ndian (eritage Cities Network Foundation )(CN and Association Nationale des Villes et Pays d Art et
d (istoire et villes a secteurs sauvegardés et protégés ANVPA( : )t envisages cooperation in the fields of sustainable
development, urban planning, heritage conservation and up-gradation of basic services.
Volontariat International en Entreprise (VIE) scheme: The scheme offers Indian Visa for twelve months renewable once
for a period of twelve months for
French students and a second residence permit of twelve months for the )ndian
students in France following the twelve months already granted.
Letter of intent on ayurveda between Ministry of Ayush and University of Strasbourg: It permits both the parties to
strengthen their relationships and cooperation within the area of ayurveda education and research and conducting
joint workshops/conferences on ayurveda as complimentary medicine in France
Skill Development
MoU between National skill Development Agency (NSDA), India and the National Commission for vocational
Qualifications (Commission Nationale de la Certification Professionnelle – CNCD): The agreement will facilitate
exchange of {information|of data|of knowledge} and knowledge regarding maintenance of qualification registers
through information exchanges, visits and other suitable meetings.
Science and Technology
MoU on cooperation in the field of Science & Technology: For cooperation between the 2 countries in the areas of
applied mathematics, physics, information & communication technology, water resources and environment, life
sciences amongst others and establishment of Virtual Joint Laboratories, and institution of Joint research Centres.
MoU on Collaboration for establishment of a National Institute of Marine Biology and Biotechnology in India: The
proposed MoU seeks to establish a National Institute of Marine Biology and Biotechnology in India, with a Hub and
Spoke network of laboratories spanning )ndia s marine regions from the Andaman to Lakshadweep.
Apart from this, India also agreed to buy thirty six multi-role Combat aircraft Rafale fighter jets in a flyway condition. Prime
Minister Modi during his visit to France also gifted a painting titled Tree of Life, reflecting traditional societal respect for nature
in India to the French President Francois Hollande.
The Tree of Life, with multiple roots and branches like a banyan tree, is a motif for a tree s benevolence, fruit, seeds, shelter,
healing, procreation and regeneration faculties that sustain life and clean the environment.
48-India and Canada signed nuclear agreement on 15th April, 2015 regarding supply of Uranium to India
India and Canada on fifteen Apr 2015 signed a nuclear agreement on supply of Uranium to India. The agreement was signed
between Indian Prime Minister Narendra Modi and Canadian Prime Minister Stephen Harper.
PM Modi is on a three-day official visit to Canada, which is the 1st bilateral visit by an Indian Prime Minister in forty two years.
What is the nuclear agreement?
As a part of the agreement, Canadian Cameco Corporation will provide 7.1 million pounds of Uranium concentrate to
)ndia till
. The deal is of
million American dollars. The Uranium will be sourced from Cameco s operations in
northern Saskatchewan.
Cameco Corporation, the World's largest Uranium producer, will make 1st deliveries in late 2015 and the pricing will be
based on the market price for Uranium, which is published price at the time of delivery.
Why it is of importance to India?
The Uranium agreement is part of deal that took effect in 2013 and it is of great importance to India strategically and
economically.
At present, India is the fourth largest client of energy in the world and it uses nuclear power for three p.c of its
electricity. However, under the planned Energy Revolution, India hopes to extend that number to twenty five p.c by
2050.
Besides, the Uranium agreement signifies a new era of bilateral co-operation between India and Canada which turned
frosty after India 1st conducted the test of nuclear bomb in Nineteen Seventies leading to Canada banning exports of
Uranium and nuclear hardware to India. Further, it reflects a new level of mutual trust and confidence between the 2
countries.
49-MoU between Bharat Heavy Electricals Ltd. (BHEL) and Russian company INTMA to set up a gasbase power project in Kazakhstan
Bharat Heavy Electricals Ltd. (BHEL) and Russian company INTMA on fifteen April 2015 signed a memorandum of
understanding (MoU) to set up a gas-based power project in Kazakhstan.
According to the MoU, the 2 parties will endeavour to assist one another within the implementation of the deal.
The MoU aims to set forth a path to combine the BHEL's ability in design and manufacturing of power plants and INTMA's
strength in handling EPC contracts so as to bid and execute projects of mutual interest in Russia and Kazakhstan.
This MoU will have BHEL to further its presence in the Commonwealth of independent States (CIS) countries.
About bharat heavy Electricals Ltd (BHEL)
BHEL is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing
company of its kind in India. BHEL that in 2013 attained Maharatna status manufactures power plant equipment like
gas turbines, steam turbines, hydro turbines and boilers. It also has robust experience in construction of power plants
in India and overseas.
At present it is executing twenty three major projects in sixteen countries and has presence in seventy six countries.
Indiana Chapter of the National Tooling and Machining Association (INTMA)
INTMA is one of the leading general engineering procurement and Construction contractors (EPC) in Russia and
Kazakhstan. It carries a large experience in industrial construction, renovation of facilities, automation and other
energy related sectors.
50-Andhra Pradesh Govt entered into a MoU with IISL to replace streetlights

Andhra Pradesh (AP) government on seventeen April 2015 entered into a Memorandum of Understanding (MoU) with
IISL Company. Under the Memorandum of Understanding (MoU), IISL will replace the existing streetlights in thirteen
municipalities with led lights and maintain them for seven years.
The agreement was signed by sate s minister for municipal administration and urban development P. Narayana and
representatives of the company at Amaravati, the new capital area.
All streetlights in all the municipal firms and municipalities would be changed to LED lights in a phased manner. This
move would facilitate the state to reduce power consumption by fifty p.c.
51-Prime Minister Narendra Modi completed his 9 days visit to France, Germany and Canada
Prime Minister Narendra Modi on seventeen Apr 2015 returned to India after his three-nation visit to France, Germany and
Canada. During his nine-day visit, which took place from nine Apr to seventeen Apr 2015, he met leaders of the 3 nations
specifically French President Francois Hollande, German Chancellor Angela Merkel and Canadian Prime Minister Stephen
Harper.
The visit complete with some major agreements which might boost Modi s vision of clean )ndia, make in )ndia and others.
Some major agreements include purchase of thirty six Rafale fighter jets with France, agreement for supply of uranium with
Canada for nuclear power plants in India and airbus plan to come to India and be a part of make in India initiative.
MoUs and agreements signed with France and Germany includes areas like Defence and atomic energy, Space, Economic
relations, Railways, Energy, Tourism, Science and Technology, skill Development, Ayurveda, manufacturing, urban
development, environment, railways, cleaning of rivers, language and science & technology.
Agreements with Canada covered the areas of uranium, visas, terrorism, foreign investment promotion and protection, CanadaIndia comprehensive economic partnership agreement (CEPA) free-trade deal, culture and people-to-people ties, regional and
international problems and others.
The other major highlights of the visit were the gifts presented by PM Modi to the leaders of the respective
countries.
The gifts included
A miniature painting titled Guru Nanak Dev to Canadian Prime Minister, Stephen Harper. The painting on handmade
paper with mineral colors had Guru Nanak Dev along with his 2 disciples Bhai Mardana and Bhai Bala, sitting beside
him is painted in the traditional Indian miniature style.
A painting titled Tree of Life was gifted to French President Francois Hollande. Tree of Life: A painting that reflects
traditional societal respect for nature in India.
Some reproductions of Sir CV Raman s manuscripts and papers were gifted to the German Chancellor Angela Merkel. CV
Raman had strong connection with Germany.
Besides, the Canadian Prime Minister Stephen Harper presented ancient Indian sculpture Parrot lady to Prime Minister
Narendra Modi. Parrot lady is a life-sized, sandstone sculpture and is said to be around 900 year old and was carved for
placement in one of the Khajuraho temples that form a UNESCO World Heritage site within the Madhya Pradesh. It had been
returned to India in line with the 1970 UNESCO Convention.
52-BoB tied up with United Arab Emirates (UAE) Exchange for immediate cash transfer

Bank of Baroda (BoB) on twenty five Apr 2015 tied-up with United Arab Emirates (UAE) Exchange to offer instant cash
transfer facility to its Non-resident Indian (NRI) customers. in this regard, an agreement was signed between both the
companies.
This agreement will enable the customers to send cash to their desired bank accounts in BoB within minutes in India.
This facility will also be supported by SMS alert which will notify the moment the amount is credited in the bank
account of desired customer.
Currently, Bank of Baroda (BoB) includes a network of more than 5000 branches across USA, Europe, Africa, Australia
and Asia. Its financial centres are placed in cities like New York, London, Hong Kong, Singapore and Dubai.
United Arab Emirates (UAE) Exchange is a international remittance and foreign exchange (FOREX) company. Currently,
it serves over 7.9 million customers worldwide and has presence in thirty two countries with over 750 branches across
thirty two countries.
53-Bharatiya Mahila Bank inks MoUs with LIC, New India Assurance
To provide insurance covers to its many accounts holders, Bharatiya Mahila Bank (BMB) had entered MoU or memorandum
of understanding with New India Assurance Companyand Life Insurance Corporation Of India[LIC] .
The insurance covers are given under the Pradhan Mantri Jan Suraksha Bima Yojana and Pradhan Mantri Jeevanjyoti Bima
Yojana schemes respectively.The insurance is mainly voluntary one with the premium amount of Rs 12 for PM Jan Suraksha
Bima Yojana and Rs330 for Jeevanjyoti Bima Yojana.
The eligible age for the Suraksha Bima Yojana scheme is 18 to 70years and that of Jeevajyoti Bima Yojana is 18 to 50years and
the enrolment time starts from 1st june 2015 and ends on 31august 2015.
About BMB:
Bharatiya Mahila Bank is an Indian financial services bankingcompany and Headquaters in New Delhi,India.
)t s was founded in
& Slogan is Empowering Women, Empowering India.
India is the third country in the world to have a bank especially for women, after Pakistan and Tanzania.
Chairman & MD is Usha Ananthasubramanian
About LIC & New India Assurance:
Life Insurance Corporation Of India or LIC is Indian State owned insurance group.
Its headquarters is in Mumbai.
its founded in 1st September in the year 1956 and current chairman of LIC is Mr SK.Roy.
The New India Assurance company is largest general insurance company of India.
New )ndia Assurance company s headquarters is in mumbai.
This company was established in 1919
Info MoU:
Memorandum of understanding is a formal agreement between two or more parties.Companies use these MoU to
establish official partnerships.
MoU s are not legally binding but they have some seriousness and respect between the parties.
They are initial steps taken towards the legal contracts.
The negotiation of an MoU doesnot need complex property transactions and legal advices etc.