India Current Affairs - 2020

Government approves MoU between India and America to establish PACEsetter Fund

The Union Cabinet gave its ex-post-facto approval for the Memorandum of Understanding (MoU) between American and India to establish the PACEsetter Fund. The PACEsetter Fund is a fund that supports the Promoting Energy Access through Clean Energy (PEACE) an initiative between US and India through Partnership to Advance Clean Energy (PACE). Accordingly both the countries has Read More…

Facebook awarded $21 million to Indian app developers under FbStart initiative

On 11 August the social network giant Facebook doled out 21 million US dollar to Indian app developers under its FbStart initiative. With an aim to attract next billion Internet users towards social networking, last year Facebook launched FbStart an initiative to promote and help new mobile app developers around the world. The two Indian Read More…

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India signs Financing Agreement with World Bank for NCRMP Projects

On 11 August 2015 Government of India and the World Bank signed the Financing Agreement for the assistance of National Cyclone Risk Mitigation Project- I & II (NCRMP- I & II) for $ 104.00 Million and $ 308.40 Million respectively. The two separate financing agreements were signed for NCRMP- I & II under a common Read More…

India’s social security pact with Canada comes into force

The social security pact between India and Canada which was approved by Union Cabinet in 2013 comes into force after two years of long waiting. According to the pact the employees posted by Indian entities in Canada are not required to contribute towards Canada’s social security schemes for period of 60 months and similarly the Read More…

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China’s Phicomm to invest $1 billion to set up India units

Phicomm, a Shanghai-based smartphone maker has announced to invest around 6400 crore rupees in India by 2017. The company has decided to set up five business units in phased manner which includes units of – Mobile phones, Cloud services, Enterprise, SOHO- Small Office Home Office networking products and Intelligent Cities in India. Accordingly the company Read More…