Ex-post-facto approval for the MoU between the India and Swaziland on cooperation in the field of Health and Medicine

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1 NATIONAL NEWS List of Cabinet Approvals on May 16, 2018 The Union Cabinet Chaired by Prime Minister Shri Narendra Modi on May 16, 2018 approved a series of MoUs signed between India and various nations in different fields. The list of cabinet approvals is given below. Apprised Memorandum of Understanding (MoU) between the Indian Railways and SNCF Mobilites (a company owned by the French State) on Technical Cooperation in the field of Railways Ex-post facto approval for signing of the MoU for cooperation in the legal field between India and Morocco, in order to share their experience and expertise in the field of law and legislation as well as mining and geology Ex-post-facto approval for the MoU between the India and Swaziland on cooperation in the field of Health and Medicine Approved the MoU between India and Suriname on cooperation in the field of electoral management and administration Ex-post facto approval to the MoU between India and Equatorial Guinea for Cooperation in the field of Traditional Systems of Medicine, cooperation in the field of Medicinal Plants Approval to the signing of MoU between India and Colombia on establishing cooperation on Traditional Systems of Medicine of India Approved the signing and ratification of Agreement between India and Brunei Darussalam for the Exchange of Information and Assistance in Collection with respect to Taxes Other Important Approvals Approved extension of Delhi Metro s Blue Line service from Noida City Centre to Noida Sector 62 to enhance public transport infrastructure in NOIDA Establish the National Institute of Mental Health Rehabilitation (NIMHR) in Bhopal Set up a central university in Andhra Pradesh and approved a provisioning of Rs 450 crore for its first phase Set up of a new All India Institute of Medical Sciences (AIIMS) in Deoghar, Jharkhand under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) Development of Trunk Infrastructure Components for Integrated Multi-Modal Logistics Hub known as Freight Village at Nangal Chaudhary in Haryana under Delhi Mumbai Industrial Corridor Project. Approved National Policy on Biofuels Cabinet approves Rs 5000 cr for Micro Irrigation Fund with NABARD under PMKSY

2 The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi has approved an initial Corpus of Rs.5,000 crore for setting up of a dedicated Micro Irrigation Fund (MIF) with NABARD under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). The allocation of Rs. 2,000 crore and Rs. 3,000 crore will be utilised during and respectively. Borrowings from NABARD shall be paid back in 7 years including the grace period of two years. Telangana CM proposes to introduce new insurance scheme for farmers Telangana Chief Minister K Chandrasekhar Rao has proposed to introduce a new insurance scheme for the benefit of farmers. Under the new scheme, whatever is the reason, when the farmer dies the family would immediately get Rs five lakh as insurance amount. IIM-Ahmedabad Launches Bharat Inclusive Initiative Top management institute IIM-Ahmedabad has launched the Bharat Inclusion Initiative, which aims to invest about USD 25 million in startups working in the areas of financial inclusion, livelihood, education and health over the next three to four years. The initiative has been launched by the institute s Centre for Innovation, Incubation and Entrepreneurship (CIIE) and aims to helps entrepreneurs turn ideas into viable businesses. First All-Woman Post Office Passport Seva Kendra Starts Operations In a first, a Post Office Passport Seva Kendra (POPSK) run by an all-woman team has started operations in Punjab s Phagwara. Union Minister Vijay Sampla inaugurated the seva kendra in the local head Post Office. It is 192nd POPSK in the country, but first one to be operated by an all-woman team. International Rail Coach Expo to be hosted by Integral Coach Factory Chennai For the first time an International Rail Coach Expo (IRCE) to focus on Rail Coaches and train sets, is being held in Chennai, Tamil Nadu, from 17th to 19th May, 2018, in the ICF RPF Parade Grounds, Chennai. The expo is being hosted by Integral Coach Factory, popularly known as ICF, under the Ministry of Railways, in coordination with CII (Confederation of Indian Industries) and RITES Ltd. a PSU under Ministry of Railways

3 The unique platform will bring different suppliers under one roof and create synergy for Make in India. Suresh Prabhu launches Intellectual Property mascot IP Nani The Minister of Commerce and Industry Shri Suresh Prabhu launched the Intellectual Property (IP) mascot IP Nani at the conference on National Intellectual Property Rights Policy in New Delhi. An anti-piracy video featuring Mr. Amitabh Bachchan was also launched by the Minister at the event. Mascot IP Nani is a tech-savvy grandmother who helps the government and enforcement agencies in combating IP crimes with the help of her grandson Chhotu aka Aditya. The IP mascot will spread awareness about the importance of Intellectual Property Rights (IPRs) among people, especially children, in an interesting manner. Indore the cleanest city, followed by Bhopal and Chandigarh: Swachh Survekshan 2018 Indore has emerged as the cleanest city, followed by Bhopal and Chandigarh in the government s cleanliness survey, Swachh Survekshan Jharkhand was adjudged the best performing state in the survey followed by Maharashtra and Chhattisgarh. INTERNATIONAL China Approves $1 Billion Loan For Sri Lanka Highway The Chinese government has approved a $1 billion loan to Sri Lanka to build a highway and its export-import bank has been instructed to process the borrowing. It will be one of the largest projects undertaken by the China in the island nation, which is supporting China s Belt and Road Initiative (BRI).

4 China has emerged as the largest single lender to Sri Lanka in recent years. China s Type-001A Started Trials China s first domestically manufactured aircraft carrier started sea trials. The carrier, known only as Type 001A, set out for the trials from a port in north-eastern China. The ship will give China a second aircraft carrier as it asserts its claims in the South China Sea and seeks to deter any independence movements in Taiwan in China s first aircraft carrier Liaoning was also a Type 001 aircraft carrier. The Liaoning was originally a Kuznetsov-class aircraft cruiser for the Soviet Navy in the mid-1980s. BANKING YES Bank launches Agenda to for budding women entrepreneurs YES BANK and YES Global Institute announced the launch of Agenda 25 25, which pledges to create a synergetic startup environment for budding women entrepreneurs in India. The initiative aims at ensuring that by 2025 at least 25% of all Entrepreneurs in India are Women. The announcement was made at the YES BANK YES Global Institute Annual Startup Conclave hosted in partnership with NITI Aayog, Invest India, Startup India and Atal Innovation Mission. AQUISITIONS & MERGERS Tata Steel to acquire Bhushan Steel through its subsidiary Bamnipal Steel Tata Steel will be acquiring debt-ridden Bhushan Steel as its bid has been approved by National Company Law Tribunal (NCLT). SCIENCE & TECHNOLOGY Tiny NASA satellite maps global ice clouds IceCube, A tiny NASA satellite which is about the size of a loaf of bread has developed the first global map of ice clouds. Tiny NASA satellite maps global ice clouds: i. The IceCube spacecraft was deployed from the International Space Station (ISS) in ii. It is testing instruments for their ability to make space-based measurements of the small, frozen crystals that create ice clouds. iii. Ice clouds start as tiny particles high in the atmosphere. They absorb moisture, and become heavier. This makes them to fall to lower altitudes. iv. The ice clouds affect Earth s energy budget by reflecting or absorbing the Sun s energy and by affecting the emission of heat from Earth into space. v. Ice clouds are major variables in weather and climate models. IceCube was equipped with a sub-millimetre radiometer that links the missing sensitivity between infrared and microwave wavelengths.

5 vi. IceCube weighs only 10 pounds. It has three-axis attitude control, deployable solar arrays and a deployable UHF communications antenna. vii. The CubeSat spins around its axis. It points at Earth to measure and looks at the space to calibrate. viii. It was started as a 30-day technology-demonstration mission. It still operates in low-earth orbit, measuring ice clouds and providing data. ix. IceCube charges its batteries when the Sun shines on its solar arrays. During the test, safeguards prevented the satellite from losing all its power and ending the mission. x. The batteries operated the IceCube throughout night and recharged during the day. IceCube will operate for a year, and then it will reenter Earth s atmosphere and burn up. OBITUARIES Author Tom Wolfe dead at 88 Virginia based award winning writer and journalist Tom Wolfe, who is noted for works like The Bonfire of the Vanities, The Right Stuff and The Electric Kool-Aid Acid Test has passed away in the US. He was 88. Actor Who Played Lois Lane In Superman Dead At 69 Margot Kidder, who found fame as Lois Lane in the 1978 film Superman, died at her home in Montana, US. She was 69 years old.