1) India, France sign MoU for 6 Jaitapur nuclear reactors
- India and France have signed a memorandum of understanding (MoU) for construction of six nuclear reactors at Jaitapur in Maharashtra, two months after the two countries decided to conclude the techno-commercial negotiations for the project by the year end.
2) India-UAE agreement for $75 billion investment in NIIF gets clearance
- Current Affirs The Union Cabinet gave its ex-post facto approval for a Memorandum of Understanding (MoU) between India and the United Arab Emirates (UAE) to mobilise up to $75 billion long-term investment in the National Investment and Infrastructure Fund (NIIF).
- The MoU will help establish a transparent and high-level framework and collaboration platform under which both countries intend to explore ways to facilitate and expand the participation of UAE`s investment institutions in appropriate infrastructure projects and institutions in India including NIIF
- The MoU was signed in February during Prime Minister Narendra Modi’s visit to UAE. A joint working group comprising of the concerned representatives of both parties would take forward cooperation under this MoU and to discuss and agree the terms, principles and criteria jointly
- Meanwhile, the Cabinet also gave its approval for the procurement of launch services and realisation of ground segment for GSAT-11 spacecraft at a cost of Rs.1,117 crore.
- GSAT-11 is a communication satellite with 32 high-power spot beams for providing high bandwidth VSAT communication is currently under development at DOS/ISRO facilities. It will be ready for launch by the end of 2016.