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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

India signed and exchanged the first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement under Indo -Pacific Economic Framework (IPEF) for prosperity, on 21st September, 2024 at Delaware USA, in the presence of Prime Minister Shri Narendra Modi who is on 3-day visit to the US for the Quad Summit.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

IPEF Clean Economy Agreement (Pillar-III)

The Agreement on Clean Economy intends to promote technical cooperation, workforce development, capacity building, and research collaborations; and collaborate to facilitate development, access, and deployment of clean energy and climate-friendly technologies.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

This Agreement will facilitate investments, project financing including concessional financing, joint collaborative projects, workforce development and Technical Assistance and Capacity Building for industries, in particular for the MSMEs, and facilitate further integration of Indian companies in the global value chains, particularly in the Indo-Pacific region.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

IPEF Fair Economy Agreement (Pillar-IV)

The Agreement aims to create a more transparent and predictable trade and investment environment across the Indo-Pacific. To achieve these goals, the IPEF partners will collaborate to enhance their efforts in preventing and combating corruption, including bribery, and supporting initiatives to improve tax transparency, etc.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

It focuses on enhancing information sharing among partners, facilitating asset recovery, and strengthening cross-border investigations and prosecutions. This will also support India's efforts in fighting corruption, money laundering, and terror financing.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

Overarching IPEF Agreement

The Overarching Agreement is an administrative agreement establishing an oversight Ministerial-level mechanism. This Agreement seeks to establish a high-level political oversight framework at the Ministerial level over the various individual IPEF agreements while setting general guidance and goals, and guiding Leaders' vision and mandate for IPEF.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

This agreement is expected to facilitate the effective implementation of subject agreements (Pillars II-IV), that have the potential to enhance India's productive capacity, and integration into supply chains, and promote innovation, in line with the concept of Atmanirbhar Bharat.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

IPEF to boost investment

Investor Forum: Under Clear Economy (Pillar-III) Agreement, IPEF partners aim to catalyze investment in green technology and reduce GHG emissions through various means including annual business matching events under the Investor Forum. The First Investor Forum was held in Singapore on 5-6 June, 2024.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

One such effort was accelerated in the form of an MoU among companies from India, Singapore, and Japan following which, Singapore-based Sembcorp will be investing Rs. 36,238 crore for a state-of-the-art green ammonia plant in Thoothukudi.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

Initiatives under IPEF

IPEF Upskilling Initiative: IPEF Upskilling Initiative was launched in September 2022 to support sustainable and inclusive economic growth and development by providing primarily for women and girls in IPEF emerging and middle-income partner countries with access to digital skills training.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

About IPEF

IPEF was launched on 23 May 2022 in Tokyo, Japan, comprising 14 countries – Australia, Brunei, Fiji, India, Indonesia, Japan, the Republic of Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, and USA. The IPEF seeks to strengthen economic engagement and cooperation among partner countries to advance growth and economic stability.

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India signs first-of-its-kind agreements focused on Clean Economy, Fair Economy, and the IPEF Overarching arrangement.

The framework is structured around four pillars relating to Trade (Pillar I); Supply Chain Resilience (Pillar II); Clean Economy (Pillar III); and Fair Economy (Pillar IV). India has ratified Agreement on Supply Chain Resilience (Pillar II) in February 2024 and has maintained an observer status in Pillar-I.

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FSSAI, Ministry of Agriculture and Livestock of Brazil sign MoU for food safety collaboration.

The Food Safety and Standards Authority of India (FSSAI) has signed a Memorandum of Understanding (MoU) with the Ministry of Agriculture and Livestock (MAPA) of Brazil in the area of food safety. The MoU was signed by Agriculture and Livestock Minister Carlos Henrique Baqueta Fávaro and CEO of FSSAI, G. Kamala Vardhana Rao,

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FSSAI, Ministry of Agriculture and Livestock of Brazil sign MoU for food safety collaboration.

on the sidelines of the Global Food Regulators Summit in New Delhi. The MoU aimed at improving food safety through joint projects and technical collaboration. CEO of FSSAI added that the MoU demonstrates India’s dedication to food safety and signifies a major advancement in its ongoing efforts to enhance international collaboration in food safety.

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FSSAI, Ministry of Agriculture and Livestock of Brazil sign MoU for food safety collaboration.

FSSAI also conducted a bilateral meeting with the Bhutan Food and Drug Authority (BFDA) on the sidelines of the Global Food Regulators Summit. The meeting focused on the implementation protocol of the agreement signed between India and BFDA in March this year during the visit of Prime Minister Narendra Modi.

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India and Bhutan Deepen Cooperation on Food Safety and Regulatory Standards.

The Food Safety and Standards Authority of India (FSSAI) under the Ministry of Health and Family Welfare conducted a bilateral meeting with the Bhutan Food and Drug Authority (BFDA) on the sidelines of the Global Food Regulators Summit, at Bharat Mandapam. The meeting focused on the implementation protocol of the “Agreement” signed between India and BFDA on 21 March 2024,

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India and Bhutan Deepen Cooperation on Food Safety and Regulatory Standards.

during the visit of Hon’ble Prime Minister, Shri Narendra Modi. This Agreement underscores a mutual commitment to enhance food safety, aligning regulatory frameworks, simplifying the Food Import Procedure and fostering technical collaboration. The Agreement aims to recognize the official control exercised by BFDA over food business operators (FBOs) by the FSSAI.

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India and Bhutan Deepen Cooperation on Food Safety and Regulatory Standards.

The Agreement further seeks to enhance technical cooperation between FSSAI and BFDA, establishing a functional mechanism to facilitate and develop trade between the two countries.

The meeting focused on the Implementation of the said Agreement and steps taken by both FSSAI and BFDA in this regard.

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KVS Manian Takes Charge as MD and CEO of Federal Bank.

KVS Manian has officially taken charge as the Managing Director and Chief Executive Officer of Federal Bank, succeeding Shyam Srinivasan, who stepped down after an impressive 14-year tenure. Manian’s transition to leadership comes following Srinivasan’s term, which concluded on September 22, 2024.

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KVS Manian Takes Charge as MD and CEO of Federal Bank.

Previously, Manian served as the Joint Managing Director at Kotak Mahindra Bank Limited until April 30, 2024. During his time there, he was crucial in establishing a strong and profitable franchise across various business segments, significantly enhancing the bank’s technological capabilities and transaction banking services.

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IBM and NTT Data Launches SimpliZCloud to Revamp India’s Financial Services Sector.

IBM and NTT DATA have forged a partnership in India and introduced SimpliZCloud, a fully managed cloud service built on IBM LinuxONE designed for the Indian financial services sector. Targeting critical workloads such as core banking applications, lending, and risk management, the platform offers financial institutions a scalable and,

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IBM and NTT Data Launches SimpliZCloud to Revamp India’s Financial Services Sector.

secure infrastructure to enhance performance and optimise operational costs.

SimpliZCloud leverages AI and hybrid cloud technologies, providing dedicated compute and storage resources with Software Defined Networking (SDN).The platform allows financial institutions to manage evolving applications efficiently, supporting increasing workloads without compromising performance.

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Deendayal Antyodaya Yojana in collaboration with the Institute for What Works to Advance Gender Equality.

The Ministry of Rural Development (MoRD), under the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM), in collaboration with the Institute for What Works to Advance Gender Equality (IWWAGE) successfully hosted the National Conclave on Gender Mainstreaming in New Delhi.

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Deendayal Antyodaya Yojana in collaboration with the Institute for What Works to Advance Gender Equality.

The conclave focused on strengthening gender-responsive community institutions and discussed strategies for advancing gender integration within the DAY-NRLM framework.

Secretary, Rural Development Shri Shailesh Kumar Singh emphasized that government engagement in the rural economy aims to transform lives and livelihoods through socio-economic inclusion and empowerment.

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The International Day of Sign Languages | 23 September

International Day of Sign Languages (IDSL) is celebrated annually across the world on 23 September every year along with International Week of the Deaf. The choice of 23 September is the same date that the World Federation of the Deaf was established in 1951. The International Day of Sign Languages was first celebrated in 2018 as part of the International Week of the Deaf.

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The International Day of Sign Languages | 23 September

World leaders and other government officials are invited to sign this year’s theme “Sign up for Sign Language Rights” in their national sign language. As we approach the 20th anniversary of the UN Convention on the Rights of Persons with Disabilities (CRPD), adopted in December 2006.

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World Rhino Day | 22 September.

World Rhino Day is celebrated annually on September 22 to raise awareness about the Rhinoceros and the urgent need for their conservation. It serves as a global platform to highlight the critical threats rhinos face, including poaching and habitat loss, while recognizing the efforts of individuals and organizations dedicated to protecting these majestic animals.

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World Rhino Day | 22 September.

The day also emphasizes the importance of preserving rhino populations for ecological balance, cultural heritage, and future generations. It is a call to unite in the fight for rhino conservation worldwide.

The Indian rhino is the largest of the three Asian species and shares its single-horn characteristic with the Javan rhino.

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ISRO, IN-SPACe & NSIL sign five tech transfer pact with non-governmental entities.

Indian Space Research Organisation (ISRO), Indian National Space Promotion and Authorization Centre (IN-SPACe) and NewSpace India Limited (NSIL) signed five Technology Transfer Agreements (TTA) with non-governmental Entities.

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ISRO, IN-SPACe & NSIL sign five tech transfer pact with non-governmental entities.

According to a press statement issued by IN-SPACe, with the five TTAs signed, the total number of agreements signed post space reforms stands at 75.

The companies that signed the TTAs were Anabond Ltd, Salvo Industries Pvt Ltd, Micropack Pvt Ltd, and Astra Microwave Products Ltd, stated the release.

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ISRO, IN-SPACe & NSIL sign five tech transfer pact with non-governmental entities.

The TTAs aim to give private players the opportunity to access the developed technologies available with ISRO, enabling them to use space-related technology for commercial applications in space as well as other sectors such as agriculture, energy, infrastructure, defence, telecommunications, and cybersecurity, added the statement.

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Mizoram Government Introduces Financial Assistance Scheme for Farmers and Small Entrepreneurs.

The Mizoram government has introduced a new initiative called Bana Kaih to support small entrepreneurs and farmers. Chief Minister Lalduhoma announced the programme at Vanapa Hall in Aizawl. This scheme aims to provide financial assistance to farmers growing ginger, turmeric, Mizo chilli, and broomsticks.

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Mizoram Government Introduces Financial Assistance Scheme for Farmers and Small Entrepreneurs.

These crops will be purchased through farmer societies established in villages.

Under this initiative, the government has set minimum prices for these cash crops. If farmers sell their produce below these rates, they will receive support prices. However, if they manage to sell at higher prices, the government will not intervene.

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Mizoram Government Introduces Financial Assistance Scheme for Farmers and Small Entrepreneurs.

Additionally, paddy unhusked rice will be bought at Rs 30 per kg from Kolasib and Mamit districts.

The state government has allocated Rs 200 crore for the scheme's implementation in 2024-25. An additional Rs 110 crore has been set aside for agricultural assurance in the 2023-24 fiscal year.

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Raksha Rajya Mantri Inaugurates the State Representatives and Additional/Deputy Directors General Conference of NCC.

Raksha Rajya Mantri Shri Sanjay Seth inaugurated the Joint State Representatives and Additional/Deputy Directors General (JS R&A/D) Conference of the National Cadet Corps (NCC) on September 23, 2024 in New Delhi. Addressing the conference, he emphasized the NCC’s crucial role in nation-building.

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Raksha Rajya Mantri Inaugurates the State Representatives and Additional/Deputy Directors General Conference of NCC.

He highlighted how the organization helps shape disciplined, responsible, and motivated young citizens, while also fostering leadership skills across various aspects of life.

Highlighting the NCC’s involvement in national initiatives such as the Swachh Bharat Abhiyan, International Yoga Day, Environment Protection, Digital Awareness, and

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Raksha Rajya Mantri Inaugurates the State Representatives and Additional/Deputy Directors General Conference of NCC.

its commitment to societal welfare alongside traditional training, RRM urged state governments to honour their commitments in providing necessary manpower, funding, and infrastructure to support the expansion and enhancement of NCC’s presence in their regions.

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Marxist leader Anura Kumara Dissanayake is Sri Lanka's new president.

Marxist lawmaker Anura Kumara Dissanayake has won Sri Lanka's presidential election, securing 42.31 per cent of the vote, according to official results announced. The 55-year-old leader of the People's Liberation Front (JVP), a left-wing coalition, claimed victory, even before the full results were officially released.

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Marxist leader Anura Kumara Dissanayake is Sri Lanka's new president.

The victory also represents a major turnaround for the JVP, which had received just over 3 percent of the vote in the 2019 presidential election.

The election saw a voter turnout of 76 percent, with 17 million Sri Lankans eligible to cast their ballots. Opposition leader Sajith Premadasa took second place with 32.76 percent of the vote.

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Ayushman Bharat PM-Jay scheme introduced by PM Modi marks six years since launch.

The Ayushman Bharat PM-JAY scheme, launched by Prime Minister Narendra Modi on September 23, 2018, celebrated its sixth anniversary. The scheme provides health coverage of Rs 5 lakh per family annually for secondary and tertiary care to over 55 crore individuals. Recently, the Union Cabinet approved extending benefits to all senior citizens aged 70 and above.

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Ayushman Bharat PM-Jay scheme introduced by PM Modi marks six years since launch.

All senior citizens of the age 70 years and above irrespective of their socio-economic status, would be eligible to avail the benefits of AB PM-JAY.

AB PM-JAY is the world's largest publicly funded health assurance scheme, provides health cover of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation to 55 crore individuals to 12.34 crore families.

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ADB funded Rs 530 crore water supply schemes for 12 Tripura cities.

The Asian Development Bank (ADB) would provide financial assistance of Rs 530 crore to the Tripura government to upgrade the drinking water supply in the state’s 12 cities benefiting around four lakh people, officials said. Tripura Chief Minister Dr Manik Saha laid the foundation of the ‘Mukhyamantri Nagar Unnayan Prakalp’ (Chief Minister’s urban development scheme),

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ADB funded Rs 530 crore water supply schemes for 12 Tripura cities.

at a function in southern Tripura’s Gomati district headquarters Udaipur.

The Chief Minister said that after the completion of the ambitious plan within three years, a major drinking water problem of over 75,000 families in 12 cities in the state would be resolved.

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ADB funded Rs 530 crore water supply schemes for 12 Tripura cities.

Of the 12 cities, seven are district headquarters -- Udaipur, Belonia, Bishramganj, Khowai, Dharmanagar, Kailashahar and Ambassa.

Dr Saha, who also holds the Urban Development department, said under the scheme, a 305 km water pipeline would be laid, 25 deep tubewells, 18 Iron Removal Plant, four water treatment plants and 19 water reservoirs would be constructed.

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ADB funded Rs 530 crore water supply schemes for 12 Tripura cities.

He said that in the remaining eight cities including Agartala Municipal Corporation, ‘Mukhyamantri Nagar Unnayan Prakalp’ would be implemented in the second phase.

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Russian cosmonauts Oleg Kononenko, Nikolai Chub set new record for longest single mission aboard ISS.

Russian cosmonauts Oleg Kononenko and Nikolai Chub have set a new record for the longest single mission aboard the International Space Station (ISS).Russia’s state space corporation Roscosmos said that Kononenko and Chub broke the previous record for the longest continuous stay in space, which was set by cosmonauts Sergei Prokopyev, Dmitry Petelin, and,

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Russian cosmonauts Oleg Kononenko, Nikolai Chub set new record for longest single mission aboard ISS.

NASA astronaut Francisco Rubio. The three set the previous record last year by spending 370 days aboard the International Space Station. Kononenko and Chub are expected to return to Earth on the Soyuz MS-25 spacecraft on September 23, 2024, after spending a record 374 days in space.

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