Ministry of External Affairs of the Republic[ ] (via Public) / Transcript of Special Virtual Media Briefing by Secretary (West) following India-EU Leaders Meeting publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
May 27, 2021
Prime Minister will participate in the meeting along with the Heads of State or Government of all the 27 EU Member States. The EU+27 have met in this format only once before, with the US President in March this year. The leaders will exchange views on the COVID-19 pandemic and healthcare cooperation; fostering sustainable and inclusive growth; strengthening the India-EU economic partnership as well as regional and global issues of mutual interest.
The India-EU Leaders’ Meeting is an unprecedented opportunity for discussion with all the leaders of the EU Member States. It is a significant political milestone and will further build on the momentum witnessed in the relationship since the 15th India-EU Summit in July 2020.
May 5, 2021
The MoU is aimed at Liberalising issuance of visas promoting mobility of students, researchers and skilled professionals and strengthen cooperation on issues related to irregular migration and human trafficking between the two sides.
The MoU would benefit Indian students, academics, and researchers, migrants for professional and economic reasons and those willing to contribute through various projects to the economic development of both countries without consideration of caste, creed, religion or gender. This MoU can support the innovation ecosystem in both countries by facilitating free flow of talent.
Ministry of External Affairs would closely monitor the effective implementation of the MoU through Joint Working Group mechanism.
Share
New Delhi: The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi gives ex-post facto approval to the signing of Memorandum of Understanding (MoU) between the Ministry of External Affairs of the Government of Republic of India and Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom on Global Innovation Partnership (GIP).
Objectives:
Through this MoU, India and UK agree to launch the Global Innovation Partnership. GIP will support Indian innovators to scale up their innovations in third countries thereby helping them explore new markets and become self sustainable. It will also foster the innovative ecosystem in India. GIP innovations will focus on Sustainable Development Goals (SDG) related sectors thereby assisting recipient countries achieve their SDGs.
Cabinet Approves Strategic Disinvestment & Transfer of Management Control in IDBI Bank
LIC is currently the promoter of the Industrial Development Bank of India (IDBI) with Management Control and GoI is the co-promoter.
| 5 May 2021 11:16 AM GMT
NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd.
The extent of respective shareholding to be divested by GoI and LIC shall be decided at the time of structuring of the transaction in consultation with RBI.
The government of India (GoI) and LIC together own more than 94% of the equity of IDBI Bank (GoI 45.48%, LIC 49.24%). LIC is currently the promoter of IDBI Bank with Management Control and GoI is the co-promoter.