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India inks open skies pact with Greece

India on 7 September 2016 signed the bilateral Air Services Agreement with Greece to allow unlimited points of call for domestic airlines in Greece.
•    Both the countries have signed a Memorandum of Understanding (MoU) in this regard under the Open Sky Policy.
•    It will be the first such ASA with Greece, a country known for its tourist spots and scenic beauty.
•    Indian Government Signed the MoU with Greece under the provisions of the new Civil Aviation Policy with an aim to improve international air connectivity for Indian carriers. 
•    As per the policy, the government will enter into an Open Sky Air Services Agreement on a reciprocal basis with SAARC nations as well as countries with territory located entirely beyond a 5000 kilometre radius from New Delhi.
 

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BSNL, Microsoft sign MoU to offer IT Solutions


BSNL and Microsoft India have announced the signing of a Memorandum of Understanding to offer telecom and IT solutions for big businesses to meet the demand for IT and cloud services. 
•    This will help audio and video needs of BSNL's enterprise customers, including government organizations. 
•    Notably, BSNL has large shares in landline network, including leased line connectivity to various enterprises.
•    BSNL and Microsoft India have announced the signing of a Memorandum of Understanding to offer telecom and IT solutions for big businesses to meet the demand for IT and cloud services. 
•    It was incorporated on 15 September 2000.
•    It is the largest provider of fixed telephony and broadband services with more than 60% market share and sixth largest mobile telephony provider in India
•    However, in recent years the company's revenues and market share have plummeted into heavy losses due to intense competition in the Indian telecommunications sector

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