Important Current affairs for 6 sept 2018

a3rishk (25)in #currentaffairs • 6 years ago

International News

9th BRICS Summit 2017 Highlights

The 9th BRICS Summit was held from 3rd to 5th September in Xiamen, China. The Summit had five participating countries namely Brazil, Russia, India, China and South Africa. The summit was hosted by China for the second time after the 2011 Summit. The theme of the 2017 BRICS Summit was “BRICS: Stronger Partnership for a Brighter Future”.

Important Highlights of the Summits are as follows-

(i) Pak-based terror groups named for 1st time: Terror groups such as LeT and the JeM were named for causing violence in the region, a first by the forum.
(ii) Modi-Xi bilateral meet post Doklam: Prime Minister Narendra Modi and Chinese President Xi Jinping held their first substantive bilateral meeting after the 73-day Dokalam standoff.
(iii) 4 documents inked to boost commercial ties among BRICS nations: Four documents, including on economic and trade cooperation, were signed by the BRICS countries today with an aim to deepen commercial ties among the grouping's members.
(iv) Modi-Putin meet: The two leaders met on the sidelines of the BRICS Summit. This was Modi's first bilateral meeting since his arrival. They discussed ways for boosting bilateral trade and investment along with the security situation in Afghanistan.
(v) Five banks of BRICS Nations Sign Pact for Credit Lines: Five banks of the BRICS Bank Cooperation Mechanism have agreed to establish credit lines in the national currencies and cooperate on credit ratings. Brazilian Development Bank, Vnesheconombank, Export-Import Bank of India, China Development Bank and Development Bank of South Africa signed the agreement.
(vi) China Announced $80 Million (apprx.) Funding Plan for BRICS: China will give 500 million yuan ($76.4 million) for a BRICS economic and technology cooperation plan, and another $4 million for projects at the BRICS countries' New Development Bank stated Chinese President Xi Jinping.

Important Takeaways from BRICS-

(i) BRIC was established in 2006.
(ii) The BRIC, comprising, Brazil, Russia, India and China formally came into existence in 2006 and its first Summit was held in 2009.
(iii) South Africa was admitted in 2011 and it became BRICS.
(iv) The first BRIC Summit was held in Yekaterinburg, Russia.

Representatives of the Summit from the Five Countries are as follows-

Brazil- Michel Temer (President)
Russia- Vladimir Putin (President)
India- Narendra Modi (Prime Minister)
China- Xi Jinping (President)
South Africa- Jacob Zuma (President)

List of MoUs Signed During Visit of PM Modi to Myanmar

After attending the BRICS Summit in China, PM Modi left for his three-day visit to Myanmar. He was received by the Myanmar President Htin Kyaw. Following set of agreements were signed between the two nation.

(i) MoU on Maritime Security Cooperation
(ii) Cultural Exchange Programme for the year 2017-2020.
(iii) MoU on Enhancing the Cooperation of the Upgradation of the Women's Police Training Centre at Yamethin, Myanmar.
(iv) MoU for Sharing White Shipping Information between the Indian Navy and Myanmar Navy
(v) Technical Agreement for providing Coastal Surveillance System
(vi) MoU between the Central Drugs Standard Control Organization (CDSCO), Ministry Of Health and Family Welfare of the Republic of India and Food and Drugs (FDA), Ministry of Health and Sports of Myanmar on Cooperation in Medical Products Regulation.
(vii) Exchange of Letter for Extension of MoU on the establishment of MIIT
(viii) Exchange of Letter for Extension of MoU on the establishment of India-Myanmar Center for Enhancement of IT-Skill
(ix) MoU in the field of elections between the Election Commission of India and The Union Election Commission of Myanmar.
(x) MoU on Cooperation between Myanmar Press Council and the Press Council of India.

Sushma Swaraj to Attend 3rd Eastern Economic Forum in Russia

(i) External Affairs Minister Sushma Swaraj arrived in Russian port city of Vladivostok on a three-day visit to attend the third Eastern Economic Forum which will deliberate on pressing issues relating to global trade. Delegates from at least 24 countries are attending the gathering.
(ii) She will also hold bilateral talks with her Russian counterpart Sergei Lavrov. The Eastern Economic Forum is considered as the biggest international communication platform for cooperation between businesses leaders and senior government representatives from Russia, the Pacific Region and the Association of Southeast Asian Nations (ASEAN).