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Saturday, 22 August 2015

Important MOU between India and Other country - RRB, IBPS PO and Clerk 2015

Dear readers, We are providing a post on recent MOU between India and Other country.  This post   will help you in upcoming IBPS, RRB PO/Clerk 2015 examinations. In this topic generally asked 2-3 questions in banking exams. I think you may increase your score in IBPS, RRB PO/Clerk 2015 exams.

India-Thailand Joint Commission for Bilateral Cooperation
India-Thailand Joint Commission for Bilateral Cooperation and these are following Agreements signed

§  The double taxation avoidance treaty
§  Extradition treaty:
§  Nalanda University
§  Ayurveda Chair

India and Uzbekistan three pacts to boost cooperation
India and Uzbekistan three pacts to boost cooperation . These are following:
§  Atomic energy,
§  Defense
§  Trade

India and Kazakhstan signed five key agreements
§  India and Kazakhstan signed  five key agreements including a defense pact to enhance military cooperation and a contract for supply of uranium.
§  Kazakhstan’s national atomic company Kazatomprom, signed a contract with Nuclear Power Corporation of India Ltd (NPCIL) for long term supply of natural uranium to India.

India, Russia sign MoU for funding of hydro-generation projects
§  Russia’s Direct Investment Fund (RDIF) has signed a MoU with India’s Infrastructure Development Finance Company (IDFC) for funding of hydro-generation projects. This is an important step in economic cooperation between the two countries.
§  RDIF has signed a MoU with its partners in the BRICS member-states to work with sovereign funds, with the BRICS Bank and invest in the equity of infrastructure projects in these countries.

India, US sign FATCA to fight tax evasion
FATCA is an acronym for the United States Foreign Account Tax Compliance Act(FATCA).
Features of FACTA
§  Indian financial institutions would have to reveal information about US tax payers to therevenue department which would be passed on to the US tax authorities.
§  US will also share financial information with India.
§  If a financial institution does not comply to FATCA, it will have to pay 30% penalty taxonall its US revenues, including dividend, interest, fees and sales.
§  FATCA will help India deal with the black money menace.

India inks seven pacts with Turkmenistan
The agreements are:
§  Memorandum of Understanding on supply of Chemical Products between the Indian Public Sector Undertaking ‘Rashtriya Chemicals and Fertilizers Limited’ and the Turkmen State concern ‘Turkmenhimiya.’
§  Memorandum of Understanding between the Foreign Service Institute of the Ministry of External Affairs of the Republic of India and the Institute of International Relations of the Ministry of Foreign Affairs of Turkmenistan.
§  Agreement between the Ministry of Youth Affairs and sports of the Republic Of India and the State Committee for sport of Turkmenistan on Cooperation in the field Of sports.
§  Programme of Cooperation in Science and Technology between the Government of the Republic of India and the Government of Turkmenistan for the Period of 2015-2017.
§  Memorandum of Understanding between the Government of the Republic of India and the Government of Turkmenistan on Cooperation in Yoga and Traditional Medicine.
§  Memorandum of Understanding between the Government of the Republic of India and the Government of Turkmenistan on Cooperation in the field of Tourism.
§  Agreement between the Government of the Republic of India and the Government of the Republic of Turkmenistan on Cooperation in the field of Defence.

India and Kyrgyzstan signs four agreements
§  Agreement on Defence Cooperation Memorandum of Mutual Understanding and Cooperation in the field of Elections
§  MoU between Ministry of Economy of Kyrgyzstan and Bureau of Indian Standards (BIS) on cooperation in the sphere of Standards
§  Agreement on Cooperation in Culture India and Myanmar to strengthen Defence ties India-Myanmar Joint Boundary Working Group, India proposed to consider granting a license to an Indian bank to open a branch in Myanmar so as to facilitate greater Indian trade and investment into that country

Government approves pact between India and Seychelles to curb black money
§  Due to this agreement the competent authorities of both the countries will get relevant information for administration and enforcement of the domestic laws of two countries concerning taxes

MoU between India and America to establish PACEsetter Fund
§  The PAC Esetter Fund is a fund that supports the Promoting Energy Access through Clean Energy (PEACE) an initiative between US and India through Partnership to Advance Clean Energy (PACE).

India, Mozambique ink MoU to boost ties in New and Renewable Energy sector.
India, Bangladesh ink MoU to fight fake currency.
India, Singapore sign key agreement to boost maritime.
India ,Bangladesh, Bhutan, Nepal inks MOU on motor vehicle.
India ,Canada ink MoU to boost Civil aviation.
India ,Gorgia ink MoU to help in  Election.




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