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Important Current Affairs 27th September 2017

Important Current Affairs 27th September 2017

Current Affairs 27th September 2017: NATIONAL NEWS

Cabinet approves signing of cooperation Memorandum relating to Credit Ratings by EDIM Bank under BRICS Interbank Cooperation mechanism 

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to the signing of the (i) Interbank Local Currency Credit Line Agreement and (ii) Cooperation Memorandum Relating to Credit Ratings by Exim Bank with participating member banks under BRICS Interbank Cooperation Mechanism. 
●    As both the Agreement and the MoU are umbrella pacts, and are non-binding in nature, the Board of Directors of Exim Bank has been authorized to negotiate and conclude any individual contracts and commitments within their framework.
●    The Agreements will promote multilateral interaction within the area of mutual interest which will deepen political and economic relations with BRICS nations.
●    Signing of the Agreement will position Exim Bank in the international platform along with large development finance institutions, like CDS, VEB and BNDES. 
●    At an appropriate time, Exim Bank, leveraging this umbrella agreement, could enter into bilateral agreement with any of these member institutions to raise resources for its business. 
●    As and when an opportunity arises for co-financing in commercial terms, by any two member institutions (say India and South Africa), lending in single currency by both the institutions would also be possible.


Cabinet approves Agreement on “Cooperation in the field of Information, Communication and Media” between India and Ethiopia 

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to sign the Agreement between India and Ethiopia on “”Cooperation in the field of Information, Communication and Media”.
●    It aims to harness the growing power of Information, Communication and Media for information dissemination and enhancing outreach between the two countries for inclusive development. 
●    It will also enhance people to people contact through exchange programmes. 
●    It would also provide an opportunity for both the nations to share best practices and new innovations in the field of Information, Communication & Media.
●    The Agreement will encourage cooperation between mass media tools such as radio, print media, TV, social media etc. to provide more opportunities to the people of both the nations and create public accountability.
●    The Agreement, through an institutional framework will facilitate exchange of delegations, personnel between the two nations, providing them opportunities to learn from each other’s best practices, bringing in equity and inclusiveness.

Cabinet approves umbrella scheme of Modernisation of Police Forces 

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval for implementation of umbrella scheme of "Modernisation of Police Forces (MPF)" for years 2017-18 to 2019-20.  
●    The financial outlay for the scheme over the three year’s period is Rs.25,060 crore, out of which the Central Government share will be Rs.18,636 crore and the States’ share will be Rs.6,424 crore.   
●    Special provision has been made under the Scheme for internal security, law and order, women security, availability of modern weapons, mobility of police forces, logistics support, hiring of helicopters, upgradation of police wireless, National Satellite Network, CCTNS project, E-prison project etc.
●    Under the umbrella scheme,  central budget outlay of Rs.10,132 crore has been earmarked for internal security related expenditure for Jammu & Kashmir, North Eastern States and left wing extremism affected States.
●    Scheme of Special Central Assistance (SCA) for 35 worst LWE affected districts has been introduced with an outlay of Rs.3,000 crore to tackle the issue of underdevelopment in these district. 
●    An outlay of Rs.100 crore has been earmarked in the North Eastern States for police infrastructure upgradation, training institutes, investigation facilities etc.


Cabinet approves MoU between India and Belarus in the oil and gas sector 

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for a Memorandum of Understanding (MoU) signed between India and Belarus in the oil and gas sector.
●    The MoU was signed on 12th September, 2017 during the visit of President of Belarus to India. 
●    The MoU will promote bilateral relationship between India and Belarus and it is envisaged to enhance the economic and commercial cooperation between the two sides in oil and natural gas sector. 
●    Under the MoU, both sides will work towards establishing cooperation in the areas of upstream and downstream activities, capacity building, technology transfer, enhanced oil recovery and development of mature fields in India. 
●    The MoU shall remain in force for three years for the day of its signing. 


Cabinet approves signing and ratification of the Bilateral Investment Treaty between India and Belarus on investments 

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its approval for signing and ratification of the Bilateral Investment Treaty (BIT) between the India and Belarus on Investments. 
●    The Treaty is likely to increase investment flows between the two countries. 
●    The agreement is expected to improve the confidence of the investors resulting in an increase in FDI and Overseas Director Investment (ODI) opportunities and this will have a positive impact on employment generation. 
●    The signing and ratification of a BIT between the two countries will work as a strategic initiative as Belarus is the member of the Eurasian Economic Union (EAEU). 
●    India has already initiated the BIT text with the Kyrgyz Republic and is in talks with the Russian Federation for a new BIT, based on the Model BIT text.


Cabinet approves revision of policy for providing Defence land to Communication Operators for construction of Shared Communication Towers and allied Infrastructure 

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved a proposal for revision of policy of Ministry of Defence.
●    It is for providing Defence land to Communication Operators for construction of Shared Communication Towers and allied Infrastructure, based on experience in implementing the policy and guidelines issued by Department of Telecommunications (DoT) for issue of clearance for installation of Mobile Towers. 
●    The revised policy will cover allotment of Defence land on lease and grant of permission in Defence areas and Cantonments to Access Service Licensees and Companies registered with DoT as IP-I for setting up shared communication towers and allied infrastructure. 
●    This will improve the quality of communication services in the Cantonments and Military Stations. 


President of India presents the National Tourism Awards 

The President of India, Shri Ram Nath Kovind, presented the National Tourism Awards today (September 27, 2017) at a function held in New Delhi.
●    Speaking on the occasion, the President said that tourism is one of the largest industries in the world. 
●    Its evolution can be estimated from the fact that the number of tourists all over the world has increased from 2.5 crore in 1950 to 123 crore in 2016. 
●    The tourism industry contributes 10.2 percent of the world's GDP. 
●    It is estimated that every 10th person in the world works in the tourism industry.
●    The President said that in India too the livelihood of a very large number of people is linked to the tourism industry. 
●    In the year 2016, tourism’s contribution to GDP was 9.6 percent and 9.3 percent to total employment. 
●    The tourism industry can contribute significantly in generating permanent employment opportunities and eliminating poverty. 


Cabinet approves bilateral MoU between India and Afghanistan on Technical Cooperation on Police Training and Development 

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval for signing an MoU between India and Afghanistan on Technical Cooperation on Police Training and Development. 
●    The MoU will help in capacity building of Afghanistan National Police and improving the security apparatus in the region. 
●    It has been approved for a period of 5 years from the date of signing the MoU and shall be extended for a further period of 5 years on the condition that are not further changes and or revision. 
●    India and Afghanistan have friendly relations and the police personnel of Afghanistan National Police come regularly for training purposes in different training institutes of India. 
●    India and Afghanistan have already signed an "Agreement on strategic partnership" between the two countries in October, 2011. 
●    A meeting was held between delegates of the Ministry of Interior Affairs, Afghanistan, United Nations Development Programme (UNDP), Afghanistan and officials of the Bureau of Police Research & Development (BPR&D), MHA at New Delhi in October 2016 and Afghanistan delegates expressed their desire for assistance from India in the field of Police training, police development, law enforcement, strengthening the rule of law in Afghanistan and building sustainable long term cooperation. 
●    In order to take this cooperation forward this MoU has been jointly agreed through diplomatic channels. 

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