Signature of MoU between GIFAS (France) and SIDM (India)
- The Society of Indian Defence Manufacturers (SIDM) and the Groupement des Industries Françaises Aeronautiques et Spatiales (GIFAS) has signed a memorandum of understanding in the term of the many term of the industrial mission in India in the field of aerospace and defence organised by GIFAS with the support of SIDM from the April 16 to 19, 2018.
- The main aim of this agreement is to give the promotion for the present and future partnerships and cooperative actions between the French aerospace industry and the Indian defence industry by term of the necessary work of the real trade expansion, through stronger economic and industrial cooperation, between France and India, and towards export customers.
- “The signing of this MoU between our two bodies is an excellent opportunity to develop the cooperation between France and India and shape the aerospace and defense industry of the future,” stated Pierre Bourlot, managing director of GIFAS and Lt Gen Subrata Saha, director general of SIDM, when they signed the document.
- This MoU has been given the permission for the promotion of the mutually beneficial cooperation in aerospace and defence manufacturing, research and technology, human capital, engineering services, systems integration.
Bombay HC bars MCA from using water from Pavana dam
- The Bombay High Court on Wednesday has cursed with Maharashtra Cricket Association (MCA) from using water from Pavana dam for maintaining Pune ground for Indian Premier League (IPL) 2018 matches until further orders.
- On April 13, Bombay High Court has declare the notice MCA and sought reply on the topic of the maintaining the ground for the IPL matches to be held in Pune.
- This development has been started by the day of the startup of the IPL matches of Chennai Super Kings has been changes from the term of the MCA’s International Stadium in Pune in the wake that is of the continuation of the Centre’s negligence for the formation of Cauvery Management Board (CMB).
- By producing, the notice by the Bombay High Court asked the MCA to explain how they would arrange water for preparing and maintaining ground in Pune to conduct matches of IPL shifted from Chennai to Pune.
India, World’s 6th Largest Economy at $2.6 trillion: IMF
- India’s Gross Domestic Product (GDP), that is the place of the economy, has got the total of the $2.6 trillion for the year 2017, according to the database of the International Monetary Fund’s World Economic Outlook (WEO) for April 2018.
- “This is a landmark development for India,” said an official in the finance ministry in New Delhi, and insisted that though it might look symbolic, implications were more far-reaching than immediately apparent.
- “These horse races and their numbers matter and work to shape opinion, and more importantly we hope, influence investment decisions,” the official added.
- “India runs the risk of being caught in the middle of the trade spat between the US and China,” said Hugo Erken, senior economist at Rabobank. Erken said growth will take a hit if India takes sides as the side not chosen may retaliate by imposing duties.
As per the 2018 Commonwealth Innovation Index,India fetched 10th position in the index topped by the United Kingdom, Singapore and Canada
- India on 19th of April has given the ranked of 10th on a new Commonwealth Innovation Index, topped by the UK, Singapore and Canada.
- “Nearly 60 per cent of the Commonwealth population is under 30 with a lot of talent and innovation and with this new digital platform, we now get to pool it and share it,” Commonwealth Secretary-General Patricia Scotland said.
- “This is part of the reform and renewal process of the organisation, which will take it into a higher energy orbit and into the information age. It makes the Commonwealth even more relevant and fit for its sharing and caring purpose,” she said.
- “Sectors such as health-care, innovation, digital technology and cyber security will be among the core focus areas during the visit,” Prime Minister Narendra Modi tweeted in reference to his UK visit for CHOGM this week.
BANKING AND FINANCE
NABARD Approves Rs 14,690 cr funding to Rajasthan
- National Bank for Agriculture and Rural Development (NABARD) has increased its credit of the giving of number that is the Rs 14,690 crore to Rajasthan for 2017-18, an official said.
- Rajasthan has become in one of the biggest term of the benifit of the Rural Infrastructure Development Fund (RIDF) of NABARD, in which NABARD disbursed concessional loan of Rs 1,851.29 crore to the state government during 2017-18, NABARDs chief general manager A K Singh said here.
- He also told that the many of the structures of the rule that is the, bank sanctioned 10 irrigation projects, construction of 1614 roads and 2 rural drinking water supply projects.
- Singh also inform that the NABARD is playing a crucial role as an important stakeholder in infra financing sector in rural parts of the country through its various funds.
AWARDS & RECOGNITION
Madhya Pradesh Conferred Most Film Friendly Award
- The Chairman of the Jury, Shri Ramesh Sippy, announced the most Film Friendly State Award today. Hon’ble President of India would present the most Film Friendly State Awards on May 3rd, 2018 during the presentation of the National Film Awards.
- State of Madhya Pradesh was conferred the award for the Most Film Friendly State for its efforts towards easing filming in the State by creating a well-structured web site, film friendly infrastructure, offering incentives, maintaining databases, undertaking marketing and promotional initiatives, unanimously by the Jury from among the 16 States that participated. Madhya Pradesh also received positive feedback from established filmmakers who have shot there. The efforts taken by the State to present their case for the Awards were also appreciated. State of Uttarakhand is given a Special Mention Certificate to recognize the efforts made by the State of Uttarakhand towards creating a film friendly environment.
- Speaking on the occasion, Shri Ramesh Sippy Chairman of the Jury said “The Jury members laud the continuing efforts of Uttar Pradesh and Gujarat towards creating a film friendly eco system in their States and hope that they keep up the good work. This year Madhya Pradesh where a lot of filmmakers have shot over the years, has won the award due to the ease of filming that the State offers along with excellent on ground support and filmic infrastructure, an informative website and incentives for film making. Their entry was also presented beautifully with all required documents given in a very comprehensive manner. In addition, the jury would like to acknowledge the sincere efforts made by Uttarakhand in this direction, despite it being a relatively new State with a difficult terrain and hence has been given the Special Mention.”
NAMES OF THE STATES THAT PARTICIPATED IN THE ‘MOST FILM FRIENDLY STATE AWARD 2017’
- Andaman and Nicobar
- Madhya Pradesh
- Uttar Pradesh