India Current Affairs 2018

PM lays foundation stone of India International Convention and Expo Centre in New Delhi

Prime Minister Narendra Modi laid foundation stone of India International Convention and Expo Centre (IICC) in Sector 25, Dwarka, New Delhi. On completion, it will be biggest indoor exhibition space in India and also rank among the top 10 in the world.

India International Convention and Expo Centre (IICC)

IICC will be integrated complex with facilities like exhibition halls, convention centre, open exhibition spaces, mixed use commercial spaces like star hotels (5, 4 and 3 star), retail services and high-end offices. It will provide facilities on par with best in the world in size and quality.

It will offer setting for international and national events, meetings, conferences, exhibitions and trade shows. It will have capacity to accommodate 11,000 persons, 5 exhibition halls, 1-kilometre long foyer, multi-purpose arena with retractable roof.

The project is planned over area of 221.37 acre in Sector 25, Dwarka at an estimated cost of Rs 25,703 crore. It will be implemented by India International Convention and Exhibition Centre Ltd, a 100% government-owned company set up by Department of Industrial Policy and Promotion (DIPP).  It is expected to generate over 5 lakh employment opportunities.

Construction of IICC will be in line with green building principles and Indian Green Building Council (IGBC) Platinum rating standards. It will be developed in two phases. Phase-I and II will be completed by December 2019 and December 2024, respectively. It will have dedicated underground Metro station which will be extension of airport high speed metro corridor being constructed by Delhi Metro Rail Corporation.

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India puts four more nuclear facilities under IAEA safeguards

India has decided to place four more reactors under International Atomic Energy Agency (IAEA) safeguards. It was announced Sekhar Basu, Chairman, Atomic Energy Commission (AEC) at 62nd General Conference of IAEA held in Vienna, Austria. The four reactors include two Russian-designed Pressurised Light Water Reactors and two Pressurised Heavy Reactors being built with Indian technology. With this, total of 26 Indian nuclear facilities will be now under IAEA safeguards.

International Atomic Energy Agency (IAEA)

IAEA is an international organization that seeks to promote the peaceful use of nuclear energy, and to inhibit its use for any military purpose, including nuclear weapons. It was established as an autonomous organization in 1957 through its own international treaty, the IAEA Statute. Its headquarters are in Vienna, Austria. IAEA serves as international nuclear energy watchdog, independent of United Nations but reports to both United Nations General Assembly (UNGA) and Security Council (UNSC).

IAEA Safeguards

They are system of inspection and verification of peaceful uses of nuclear materials as part of Nuclear Non-Proliferation Treaty (NPT). These safeguards mainly reiterates primacy to IAEA in its central role in promotion of atomic energy for peaceful uses and prosperity of the mankind while maintaining its due support in safeguards. IAEA safeguards activities are undertaken by Department of Safeguards, a separate department within IAEA.

Legal framework of safeguards: Information Circular 66 (INFCIRC 66), an agreement between IAEA and member states provides for conduct of limited safeguards within member state. Under it, member states identifies facilities that are made available for IAEA Safeguards inspection. Besides, Treaty on Nonproliferation of Nuclear Weapons (NPT), 1968 requires signatories to become members of IAEA and non-nuclear weapons states conclude comprehensive safeguards agreements under INFCIRC 153.

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