BRICS Current Affairs

Cabinet gives nod to BRICS MoU for cooperation in Science, Technology and innovation

The Union Cabinet has apprised signing of BRICS Memorandum of Understanding (MoU) on cooperation in the fields of Science, Technology and innovation (STI).

The MoU seeks to promote of cooperation in the field of STI among BRICS countries by means of mutually agreed S&T events and activities.

Key facts

  • Objective of MoU is to establish a strategic framework of cooperation in STI to address the common regional and global socio-economic challenges.
  • For this purpose BRICS nations will be utilizing shared experiences and complementarities in STI in order to co-generate new knowledge and innovative products, services and processes.
  • From Indian side, Union Ministry of Science and Technology and the counterpart Ministries from other BRICS countries are the nodal agencies for realizing the objectives of this MoU.
  • STI Cooperation which shall be on the basis of mutually agreed areas of cooperation, modes and mechanisms and joint funding as per national norms of respective BRICS member countries.

India had signed this BRICS MoU on cooperation in the fields of STl in March 2015 at Brasilia, Brazil on the sidelines of 3rd BRICS STI Ministerial meeting.


Union Cabinet gives nod to MoU with BRICS countries for energy conservation

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to a Memorandum of Understanding (MoU) signed between India and BRICS (Brazil, Russia, China and South Africa) countries for energy conservation.

The MoU provides for

  • Joint scientific and technological research strengthening energy efficiency cooperation among the member countries based on the principles of equality and mutual benefit.
  • Capacity building and technology transfer in the field of Energy Savings and Energy Efficiency along with sharing policies and best practices.
  • Counterparts for strengthening and further developing of energy saving and energy efficiency cooperation.

Under the present MoU, the BRICS countries will intend to examine the practicability of development of the comprehensive programme of cooperation in energy saving.

It will also include promotion of energy efficiency including specific common projects, applicable methods and instruments of energy saving promotion and energy efficiency increase in their economies.