Agreement between India and United Arab Emirates (UAE)

Agreement between India and United Arab Emirates (UAE)

Question: Recently the Union Cabinet was apprised of a General Framework Agreement (GFA) between India and United Arab Emirates (UAE) on-
(a) Terrorism
(b) Defence
(c) Renewable energy
(d)Nuclear energy
Ans:(c)
Related facts:

  • On 12 May 2016 the Union Cabinet was apprised of a General Framework Agreement (GFA) on Renewable Energy Cooperation between India and United Arab Emirates (UAE).
  • The GFA was signed, in New Delhi on 11 February 2016 during the state visit of Crown Prince, Sheikh Mohamed bin zayed al Nahyan of UAE.
  • The GFA aims at cooperation between India and UAE in the field of new and renewable energy technologies.
  • With this Union government has also given its approval for signing of a Memorandum of Understanding (MoU) between Securities and Exchange Board of India (SEBI) and Financial Services Regulatory Authority (FSRA), Abu Dhabi for mutual co-operation and technical assistance between the two regulators.
  • The MoU will promote further development of economic links and cooperation between the two signatories and will help create conditions for development of securities markets in the two countries.

Reference:
http://pib.nic.in/newsite/pmreleases.aspx?mincode=28
http://pmindia.gov.in/en/news_updates/pm-reviews-drought-and-water-scarcity-situation-at-high-level-meeting-with-rajasthan-cm/?comment=disable
http://pib.nic.in/newsite/erelease.aspx