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1. RBI & CBS
agree on $1.5-bn currency swap deal
i. The Reserve Bank of India has agreed for a
$1.5-billion currency swap agreement with the Central bank of Sri Lanka to help
the island nation keep its currency stable.
ii. The currency swap pact assumes significance
as the Sri Lankan rupee has been under pressure for quite some time.
iii. PM Narendra Modi said “the agreement will
help the Sri Lankan rupee stable.
iv. At the current valuation, one Indian rupee is
equivalent to 2.12 Sri Lankan rupees. It has lost almost three per cent value
in comparison to the Indian rupee so far in 2015.
v. Narendra Modi is the first Indian Prime
Minister to come to Sri Lanka on a standalone bilateral visit since 1987.
2. Govt. to set up new agricultural &
horticultural universities
i. The government of India has decided to set
up four new agricultural and horticultural universities in the country.
ii. New Agricultural universities will be come up in
Andhra Pradesh and Rajasthan and the horticultural universities will be
set up in Telangana and Haryana state.
iii. In Rajya Sabha, Minister of State for Agriculture Sanjeev
Balyan said today that two institutions of excellence on the
pattern of Indian Agricultural Research Institute, IARI, New Delhi have been
sanctioned for Assam and Jharkhand.
3. India and Sri Lanka signed four agreements
i. Prime Minister Narendra Modi today arrived in
Sri Lank of his three-nation tour of
Indian Ocean island nations and met Lankan President Maithripala Sirisena.
ii. Both the countries has signed four agreements on visa, customs, youth
development and building Rabindranath Tagore memorial in Sri Lanka.
iii. This is the first stand alone bilateral visit
by an Indian Prime Minister since 1987.
4. India signed
5 agreement with Mauritius
i. Prime
Minister Narendra Modi visited in Mauritius of
his three-nation tour of Indian Ocean island nations. The five agreements
signed between the two countries included one to tap the rich marine resources
of the Indian Ocean island nation of Mauritius.
ii. India also offered $500 million concessional
Line of Credit to Mauritius for key infrastructure projects.
iii. The five agreement was signed
in the presence of Prime Minister Narendra Modi and his Mauritian counterpart
Anerood Jugnauth in Port Louis on Wednesday.
iv. The five
agreement signed between the both the countries are in the field of ; ocean economy, improvement in sea and air
transportation facilities, import of Indian mangoes; cooperation in the
field of traditional system of medicine and homoeopathy.
v. This is the first visit to Mauritius by an Indian
Prime Minister in over three decades.
5. US NGO & MetLife to provide microfinance in UP
i. Grameen Foundation
India (GIF) has partnered with MetLife Foundation to advance financial
inclusion in Uttar Pradesh.
ii. Under the agreement both the
foundation will provide savings and other services to at least 40,000 poor and
women clients in Uttar Pradesh.
iii. Grameen Foundation India is a
wholly-owned subsidiary of US based Grameen Foundation.
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