India-EU Current Affairs

India to host European Union Film Festival

India is going to host 23rd European Union Film Festival (EUFF) on 18th to 24th June, 2018 at Siri Fort Auditorium in New Delhi. It is organized by Directorate of Film Festivals, Ministry of Information and Broadcasting partnering with the Delegation of European Union (EU) and embassies of EU Member States in various city film club.

Key Facts

The European Union Film Festival will showcase 24 latest European films from 23 EU member states. It will screen movies from 23 EU states, thus celebrating diversity and will bring some unusual stories for the world cinema enthusiasts. The selected films as part of the festival will be showcased in 11 cities across India including New Delhi, Port Blair, Chennai, Pune, Kolkata, Jaipur, Visakhapatnam, Puducherry, Thrissur, Hyderabad and Goa from 18 June to 31 August 2018.

European Union (EU)

EU is an economic and political partnership consisting of 28 member countries. Law made in European Parliament is applicable and binding on all member states directly. Its member states are committed to same basic values: peace, democracy, rule of law and respect for human rights. It is single market allowing the free movement of people, goods, services and capital within internal market. The union has its own currency, Euro established as monetary union in 1999 and being used by 19 member countries. Moreover, within Schengen Area of EU, passport controls have been abolished. The capital of EU is located in Brussels, Belgium.

Month: Categories: India Current Affairs 2018

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India signs €300 million agreement with European Investment Bank for Bangalore Metro Phase II

Government has signed Finance Contract with European Investment Bank (EIB) for lending of €300 million for Bangalore Metro Rail Project Phase II Line R6.

The Phase II of metro project is jointly financed by EIB (€500 million) and Asian Infrastructure Investment Bank (€300 million). The project envisages extension of East-West & North-South lines for Bangalore Metro Rail which includes a total length of 72.095 km (13.79 km underground) and 61 stations with 12 underground stations.

Bangalore Metro Phase II

The objective of project is to bring in quantum improvement in transportation sector in city in tandem with Bangalore Metropolitan Transport Corporation (BMTC) and other modes of urban transport. It aims to ensure modern transport facility for the commuters.

The spinoffs of the project will include employment opportunities, reduction of number of vehicles on road, benefits to economy, less fuel consumption, reduction in air pollution, reduction in passenger travel time and also improvement in aesthetic value of city.

Month: Categories: India Current Affairs 2018

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