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Daily PIB Summary - 10 August 2018

Press Information Bureau India


Cabinet approves MoU between India and Indonesia on Health cooperation
  • The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing the Memorandum of Understanding (MoU) between India and Indonesia on health cooperation.
  • The MoU covers the following areas of cooperation:-
  1. Research and development, active pharmaceutical ingredients (API) and IT-based medical equipment;
  2. Human Resource Development;
  3. Health services; and
  4. Any other area as may be mutually agreed upon.
Cabinet approves signing of MoU between India and Canada on collaboration among Chartered Accountant Institution
  • The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of the "Memorandum of Understanding (MoU)" between "Institute of Chartered Accountants of India (ICAI)" and "Chartered Professional Accountants of Canada (CPA Canada)"
  • Approval of the Cabinet has been granted in respect of Ex-post facto approval of the MoU signed in 2011 and approval for signing of MoU between ICAI, India and CPA, Canada and the MoU envisages arrangements for reciprocal membership that will apply to the respective members of both the Institutes subject to specified criteria. 
  • The MoU also includes further collaboration on the definition, learning, and evaluation of the professional qualities and skills and competencies of entry-level Chartered Accountants.
  • Aim: The aim is to work together to develop a mutually beneficial relationship in the best interest of ICAI members, students and their organizations. 
  • Benificiaries: The MoU would help encourage more and more young Indian Chartered Accountants to take up the recognition of "CPA Canada" professional designation to further help them pursue professional opportunities in Canada.
  • ICAI:  ICAI is a statutory body established by an Act of Parliament of India, The Chartered Accountants Act, 1949', to regulate the profession of Chartered Accountancy in India. “CPA Canada" Institute is the national organization established to support a unified Canadian accounting profession.
Cabinet approves MoU between India and Korea on Trade Remedy Cooperation
  • The Union Cabinet gave its ex-post facto approval to the Memorandum of Understanding (MoU) between India and Korea on Trade Remedy Cooperation.
  • The MoU was signedin July 2018 during the State visit of President of Korea to India. 
  • The MoU will promote cooperation between the two countries in the area of trade remedies viz. anti-dumping, subsidy and countervailing and safeguard measures, which will enhance the bilateral trade relations.
Cabinet approves joint issue of postage stamp between India and South Africa
  • The Union Cabinet  was apprised of joint issue of Postage Stamps on India-South Africa on the theme, "20 Years of Strategic Partnership between India and South Africa". The joint stamps were released in June 2018.
  • The Commemorative Postage Stamps on India-South Africa: Joint Issue depicts image of DeendayalUpadhyaya and Oliver Reginald Tambo of South Africa. An MoU was signed to this effect between India and South Africa in May 2018.
Cabinet approves MoU between India and Indonesia on Scientific and Technological Cooperation
  • The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a Memorandum of Understanding (MoU) between India and Indonesia on Scientific and Technological Cooperation.
  •  The MoU was signed by Dr. Harsh Vardhan, Minister for Science, Technology and Earth Sciences at New Delhi in May 2018 and Mr. Mohamad Nasir, Minister for Research, Technology and Higher Education, Indonesia on the Indonesian side at Jakarta in May 2018.
  • The objective of the MoU is to promote cooperation in the fields of science and technology between India and Indonesia on the basis of equality and mutual benefit.
Project “SWAYAM” of HRD Ministry
  • The Ministry of HRD has embarked on a major and new initiative Project called 'Study Webs of Active Learning for Young Aspiring Minds' (SWAYAM), which will provide one integrated platform and portal for online courses. This covers all higher education subjects and skill sector courses. 
  • The objective is to ensure that the every student in our country has access to the best quality higher education at the affordable cost. 
  • The Hon`ble President of India on 9th July, 2017 launched the SWAYAM platform, which can be reached at “htttp://”. 
  • It is intended to host about 2000 courses and 80000 hours of learning material, within two years: covering school, under-graduate, post-graduate, engineering, law and other professional courses.
World Biofuel day to be observed on 10th August 2018
  • World Biofuel Day is observed every year on 10th August to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and to highlight the various efforts made by the Government in the biofuel sector.  
  • The World Biofuel Day is being observed by the Ministry of Petroleum & Natural Gas for the last three years.
  • Since 2014, the Government of India has taken a number of initiatives to increase blending of biofuels. The major interventions include administrative price mechanism for ethanol, simplifying the procurement procedures of OMCs, amending the provisions of Industries (Development & Regulation) Act, 1951 and enabling lignocellulosic route for ethanol procurement.
Global Innovation Index, GII- 2018
  • Global Innovation Index 2018 launched in New Delhi on Wednesday 8th August 2018.
  • The event was organized by the Confederation of Indian Industry (CII) – one of the founding partners of GII along with the World Intellectual Property Organization (WIPO), in collaboration with the Department of Industrial Policy and Promotion (DIPP).
  • India’s rank on the Global Innovation Index (GII) has improved from 60 in 2017 to 57 in 2018. India has been consistently climbing the GII ranking for the past two years.

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