April 2012 India and World Current Affairs
India and world
India & Britain Economic Financial Meeting
India
& Britain , held the fifth ministerial level India- UK economic
financial dialogue in New Delhi on 2 April 2012. Both nations discussed
ways to strengthen their mutual cooperation and further boost trade and
investment between them. Both nations agreed, while the global economy
has stabilized in recent months growth will remain subbed and at risk,
aim of increasing the role of institutional investors in infrastructure
financing. Foreign capital can play an important part in this process .
Both nations supported the progress on the Reserve Bank of India ‘s
(RBI) road maps for foreign banks in India.
IAERB Became The 11th Member Of MEDP
India’s
Atomic Energy Regulatory Board (IAERB) was admitted as the 11th member
of MDEP ( Multinational Design Evaluation Programme) on 4 April 2012.
The other members of this body are China, Finland, Japan, Korea, South
Africa, USA, UK Canada, France & Russia, MDEP is a multinational
initiative taken by national safety authorities to develop innovative
regulatory authorities who are currently or will be tasked with the
review of new reactor power plant designs. the international Atomic Energy Agency participate in many of MDEP activities, including the harmonization efforts.
India & UAE Signed Agreement To Ease Indian Contract Workers
India
& UAE signed an agreement on 4 April 2012 to ease the entry of
Indian Contract workers in the Emirates. The agreement was signed in Abu
Dhabi, UAE. It provides for an electronic contract registration and
validation system to safeguard and protect the interests of migrant
Indian workers. The electronic contract registration and validation
system for this purpose was launched in Abu Dhabi on 4 April 2012. The
move would ensure a transparent, legal and less cumber some migration of
Indian workers to the Emirates.
India, China To Lead Urban Population Growth Over Next 40 Years
India
& China will witness unprecedented increase in their urban
population in the next four decades, posing new challenges of providing
jobs, energy, housing & infrastructure to their people. The UN’s
’2011 Revision of the World Urbanisation Projects’ said Africa and Asia
will lead the global urban population growth in the next four decades
with the largest increase expected in India , China Nigeria US &
Indonesia . India will add another 479million to its urban population
between 2010 to 2050, while China 341million, Nigeria 200million. US
103million and Indonesia 92milliom people moving to urban cities.
India & America Navy Training” Malabar 2012″
The
India & US Navies began their 16th annual ” Malabar 12″ exercise on
7 April 2012 in Chennai, that border of the Bay of Bengal. The 10 days
joint exercise which was concluded on 16 April, consists of both ashore
and at sea training. and was supported to feature seminars on everything
from air defense and integrated antisubmarine welfare operations, to
carrier aviation’s and counter privacy operations.
India, Qatar Sign Oil & Gas Pact
India
& energy rich Qatar, home to half a million Indian’s on 8 April
signed six agreements in diverse areas, including a pact on cooperation
in oil and gas exploration. P.M.Manmohan Singh held talks with Qatar’s
Emir Sheik Hamad Bin Khalifa Al-Thani on a range of issues, including
boosting trade and investment as well as energy ties between the two
countries. Issues relating to the welfare of India workers in Gulf
country were also discussed. Both the countries signed a pact on
establishing a cooperative framework to enhance bilateral cooperation in
oil & gas.
India, US to Boost Health Cooperation
India
and the US has strengthen cooperation in the area of public health by
sharing information and best practices, identify and address policy
concerns and establish new technologies. The agreement to ensure smooth
implementation of issues for bilateral cooperation was reached during a
meeting on 9 April 2012 in Washington between India & US.
India To Allow Pakistan FDI
India
on 12 April 2012 said that it will allow Foreign Direct Investment
(FDI) from Pakistan companies, which will make the way for industrial
from the neighbouring country to set up business and tap the growing
Indian markets . India had taken an in-principle decision as part of the
trade non-malisation process to allow Foreign Direct Investment from
Pakistan. India – Pakistan business council to be formed soon.
India, US Joint USD 125mn Fund For Research In Clean Energy
India
& the United States had announced a joint USD 125 million fund to
carry out combined research in the field of clean energy. As such there
institutions each from India and the US have been selected for the
US-India Joint Clean Energy Research & Development Center (JCERDC),
which is part of the US-India partnership to Advance Clean Energy. While
national Renewable Energy Laboratory, University of Florida &
Lawrence Berkeley National Laboratory have been selected from US, three
Indian Institutions are the Indian Institute of Science- Bangalore, The
India Institute of Chemical Technology Hyderabad, and CEPT University
Ahmedabad.
35 Indian Companies Attending ‘Canton Fair’ in China
Thirty
five Indian Companies are participating in the China’s biggest trade
show ‘Canton Fair’, hoping for a major opening into Chinese markets as
Beijing Plans to permit more foreign goods to boost to its domestic
consumptions.
US Puts India, China & Pakistan On IPR List
The
US Government has put India, China & Pakistan along with 10 other
countries on the intellectual property watch list for failing to present
the theft of copy righted property. Other nations on the watch list are
Canada, Argentina, Algeria, Chile, Indonesia, Israel, Russia, Thailand,
Ukraine and Venezuela. These countries will be the subject of
particularly intense bilateral engagement during the coming years.
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