ECONOMY
4 Oil Psus Signed Pacts To Raise Stake In Russian Oil Field
The national Oil Giants namely ONGC Videsh Ltd, Oil India Ltd, Indian Oil Corporation Ltd and Bharat Petro Resources — and Russia’s Rosneft have signed two separate memorandums of understanding, one Heads of Agreement, and one sale purchase agreement worth $2 billion to increase India’s participation in the Siberian oil and gas fields. The first MoU was signed between ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, and Rosneft that would enable the Indian company to raise its stake in Vankorneft, the operator of the Vankor oil and gas field in Siberia, to 26 per cent from the existing 15 per cent.
India – IMF Signed Agreement To Set Up SARTTC
India and International Monetary Fund (IMF) have decided to set up South Asia Regional Training and Technical Assistance Centre (SARTTC) in New Delhi. A memorandum of understanding (MoU) to set up the centre was on 12 March signed by Finance Minister Arun Jaitley & IMF Managing Director Christine Lagarde in presence of Prime Minister Narendra Modi in Delhi.
India Ranks Third In World In Issuing Passports
India now ranks third in the world after China and the US in issuing passports with the number having doubled since 2010. The number of passports issued went up from around 60 lakh five years ago to 1.2 crore in 2015.
India Ranks 54th In International Policy Support
According to US based Information Technology and Information Foundation (ITIF) India ranks 54th position out of 56 countries in supporting to global innovation It is made based on percapita on Economic and trade policies.Indonesia and Argentina are with 55th and 56th Rank. The First and second ranked European countries Finland and Sweden are named as Schumpeterian and Advanced Asian Tiger For Singapore that present in 4th position.
TCS recognized as Top Global Employer
Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization has been recognized as a Top Global Employer by the Top Employers Institute. This makes it one in only eight organizations worldwide to have achieved this status. In the Top Employers Institute’s assessment of 1,072 companies worldwide.