MoU Current Affairs - 2020
The Union Cabinet headed by Prime Minister Narendra Modi has approved the signing of Memorandum of Understanding (MoU) between India and Kuwait for cooperation on the recruitment of domestic workers.
Features of the MoU
The important aspects of the MoU are:
- The MoU will provide a structured framework for cooperation on domestic workers related matters.
- It provides for strengthened safeguards for Indian domestic workers including female workers deployed in Kuwait.
- Initially valid for five years, it has a provision for automatic renewal.
- The MoU also proposes setting up of a joint committee will also be set up to follow up the implementation.
The MoU will benefit around 3 lakh Indian workers deployed in Kuwait, including about 90,000 female domestic workers and promotes bilateral cooperation in domestic workers-related matters between the two countries.
Tags: domestic workers • India • Kuwait • Memorandum of Understanding • MoU
Haryana Chief Minister has signed an MoU with the Connecticut-based firm United Technologies for setting up a facility to manufacture air conditioners in Gurgaon and to expand its operations in Haryana.
As per the MoU United Technology will set up its air conditioner business unit “Carrier” in eight acres land in Gurgaon which expects to generate 2,000 jobs in the state.
This MoU was signed by Haryana CM on his maiden nine day tour to US and Canada with the business delegation which will end on 24 August.
Haryana Government has scheduled nine-day tour to US and Canada under which Haryana Chief Minister will visit New York, Washington D.C., San Francisco, Vancouver and Toronto and will seek investments in IT, Renewable energy, Services, Manufacturing sector.
About United Technologies Corporation (UTC):
It is an American multinational conglomerate based in Connecticut, United States incorporated in 1975.
It has its foot prints in researches and manufactures high-technology products in numerous areas that include aircraft engines, helicopters, Air conditioners, fuel cells, escalators and elevators, fire and security, industrial products and building systems.
Its notable business units are –Sikorsky helicopter manufacture, Otis– elevator, Carrier– Air Conditioners, Pratt & Whitney– Air craft engine and aero space component developer.
Tags: Business • Economy • Haryana [HPSC] • Investments • MoU