Rail Sector Current Affairs

India, Sweden ink MoU on Technical Cooperation in Rail Sector 

Union Ministry of Railways and Ministry of Enterprise and Innovation of Sweden have inked a Memorandum of Understanding (MoU) on Technical Cooperation in Rail Sector.

The main objective of MoU is to develop cooperation activities in the Railway sector to promote efficiency and sustainability and to achieve concrete results with regard to bilateral trade, research, investment and technology transfer.

Key features of MoU

  • Benchmark Railways policy development, organization, regulations and specific characteristics for each country.
  • Exchange of knowledge, innovation, technology, technical expertise, sustainable solutions and research.
  • Other cooperation projects agreed include tilting coaches/trains, optimisation of maintenance, capacity allocation (time tabling) and improved freight/combination traffic.
  • Training and continuing of education program in maintenance of Rail transport system for Railway engineers and managers.

This MoU will remain in force for 5 years and can be extended for a further period of 5 years with the written consent of both sides.

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India and Japan ink 14 agreements in various fields

India and Japan have inked fourteen agreements in various fields to enhance bilateral co-operation between both countries.

These agreements were signed during ninth annual Indo-Japan summit talks held in New Delhi. The summit was jointly held by Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.

Some important agreements signed are

  • Agreement in transfer of Defence Equipment and Technology Cooperation: Provides a framework to enhance defence and security cooperation.
  • Agreement on security measures for the protection of classified military information: Ensures the reciprocal protection of classified military information transmitted to each other.
  • Agreement on Amendment Protocol of Double Taxation Avoidance Agreement: Amends the Convention between both countries for the Avoidance of Double Taxation and the prevention of fiscal evasion with respect to Taxes on Income, signed in 1989.
  • MoC on Technological Cooperation in Rail Sector: Establishes areas for comprehensive technological cooperation including sharing of information and best practices.
  • MoU on technological cooperation on Rail safety: proposes to cooperate in the areas of safety in train operation and advanced techniques of maintenance along with use of environment friendly technologies, etc.
  • MoC on Medical Products Regulation Dialogue and Cooperation Framework: Seeks to facilitate a constructive dialogue in areas pertinent to raw materials for pharmaceutical use, biological products, medical devices, quasi-drugs, cosmetic products.
  • MoC in the field of forests: Enhance cooperation in sustainable forest management, forest conservation and forest disaster prevention, conservation of biodiversity and effective utilization of forest resources etc.

Apart from this, both countries also issued a joint statement on ‘India and Japan Vision 2025: Special Strategic and Global Partnership Working Together for Peace and Prosperity of the Indo-Pacific Region and the World’. India also extended visa an arrival (VoA) facility for Japanese nationals, including businessmen from 1st March 2016.

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