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.