Germany pledges billions for India’s growth: Modi Merkel Meet
- India and Germany on Monday agreed to enhance ties in key areas of defence manufacturing, trade, intelligence and clean energy during wide-ranging talks between Prime Minister Narendra Modi and German Chancellor Angela Merkel after which 18 MoUs were inked.
- Describing the talks as “very good”, both the leaders expressed hope that their discussions will pave the way for more robust partnership between the two countries in strategic areas.
- “Our focus tends to be on economic ties. But, I believe that in a world of seamless challenges and opportunities, India and Germany can also be strong partners in advancing a more human, peaceful, just and sustainable future for the world,” PM Modi said.
- Germany will provide India more than 2 billion euros ($2.25 billion) for developing a clean energy corridor and solar projects.
- Germany has also extended support to PM Modi’s efforts for development and economic growth in the country.
- The two sides also announced setting up a Fast-Track system for German companies in India.
- The agreement is the first of its kind and comes as Prime Minister Narendra Modi seeks to attract foreign investment in support of his “Make in India” drive to boost industrial investment and create skilled jobs.
- India and German partnership will also grow in areas like defence manufacturing, trade in advanced technology, intelligence, and countering terrorism and radicalism. These are important security dimensions of our expanding relationship.
William Campbell, Satoshi Omura , Youyou Tu win Nobel Medicine Prize for parasite therapies
- Irish-born William Campbell, Satoshi Omura of Japan and China’s Youyou Tu won the Nobel Medicine Prize on Monday for their discoveries of treatments against parasites
- Campbell and Omura shared one-half of the prize for “their discoveries concerning a novel therapy against infections caused by roundworm parasites”, while Tu won the other half “for discoveries concerning a novel therapy against malaria.”
Madhya Pradesh to receive grant of Rs 1,500-crore to from Asian Development Bank for skill development
- Asian Development Bank ( ADB) has decided to give around Rs 1,500 crore (USD 240 million) for skill development in Madhya Pradesh.
- “ADB has cleared our proposal for grant of Rs 1,500 crore for skilling in the state,” MP Technical and Higher Education Minister Umashankar Gupta told reporters here
- Currently 906 Industrial Training Institutes (ITIs) are operational in the state.
- This grant along with the help of NABARD loan, will set up 96 ITIs with an investment of Rs 189.11 crore.
- In 86 out of 313 blocks in MP, there is neither any government nor private ITI
Tech Mahindra signs deal with Bombardier Commercial Aircraft to make aircraft ground system
- Bombardier Commercial Aircraft and Tech Mahindra on Monday announced that they have signed an agreement under which the latter will develop the Aircraft Ground Support System (AGSS) for Bombardier’s Aircraft Health Management System (AHMS) for the C Series family of aircraft.
- “The AGSS will facilitate real-time and post-flight recorded data management, fault notification and diagnostic reporting. By leveraging the large amount of data recorded and transmitted from C Series aircraft, the AHMS will allow operators to make sound decisions on aircraft performance and maintenance,” said Bombardier in its release
- “The AGSS will facilitate real-time and post-flight recorded data management, fault notification and diagnostic reporting. By leveraging the large amount of data recorded and transmitted from C Series aircraft, the AHMS will allow operators to make sound decisions on aircraft performance and maintenance,” said Bombardier in its release.
India’s poverty rate lowest among nations with poor population: World Bank
- India accounted for the largest number of poor people in any country in 2012, but its poverty rate was lowest among countries having large number of poor population, a latest World Bank report has said.
- According to the report, the number of people living in extreme poverty around the world is likely to fall to under 10 per cent of the global population in 2015.
- “India was home to the largest number of poor in 2012, but its poverty rate is one of the lowest among those countries with the largest number of poor,” the bank said.
- Giving fresh evidence that a quarter-century-long sustained reduction in poverty is moving the world closer to the historic goal of ending poverty by 2030, it said a new methodology applied to household surveys in India suggests that its poverty rate could be even lower.
- In its report, the bank uses an updated international poverty line of $1.9 a day, which incorporates new information on differences in the cost of living across countries.
- The new line preserves the real purchasing power of the previous line (of $1.25 a day in 2005 prices) in the world’s poorest countries. Using this new line (as well as new country-level data on living standards), the bank projects that global poverty will fall from 902 million people or 12.8 per cent of the global population.
- In 2012, the Indian government stated 21.9% of its population is below its official poverty limit. The World Bank, in 2011 based on 2005’s PPPs International Comparison Program, estimated 23.6% of Indian population, or about 276 million people, lived below $1.25 per day on purchasing power parity.
GK QUESTIONS of the Day
1. How many accounts have been opened under Pradhan Mantri Jan Dhan Yojana?
1) 10 crore
Answer: 18 crore bank accounts have been opened under Pradhan Mantri Jan Dhan Yojana
2. 2018 Winter Olympics will be held in which city?
Answer: Pyeongchang (South Korea)
3. Who is the foreign minister of Russia?
1) Alyosha Rehbarb
2) Koshch Lekrov
3) Rihan Moskchvich
Answer: Sergey Lavrov