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Nepal-China sign MoU on fuel imports

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Kathmandu: Nepal on Wednesday signed an MoU with Petro China in order to import all kinds of fuel from China, ending a long-held monopoly of buying fuel from the Indian Oil Corporation (IOC).

Nepal Oil Corp (NOC) and Petro China signed the pact in Beijing following an unofficial trade and fuel embargo from India against Nepal for the past one month, officials here said.

The MoU’s content was not immediately known. It is not clear how much fuel Nepal will import from China right away.

With the recent Indian embargo, Nepal has faced serious shortage of fuel, medicines and other essential commodities.

The Wednesday MoU paves the way for Nepal to import fuel from China, Nepal’s ambassador to China Mahesh Maskey told the Nepali media after the agreement was signed.

A Nepali team negotiated with Chinese officials on Tuesday and Wednesday.

Jhang Tong of Petro China and Gopal Bahadur Khadka of Nepal Oil Corp signed the deal.

Nepal buys over $1.3 billion of gasoline from Indian Oil Corp annually.

Nepalese and Indian officials had only two months back signed a petroleum pipeline deal.

Nepal has not imported any gasoline from China in the past. It has been buying fuel only from IOC.

Besides commercial import of fuel from China, Beijing has also pledged to provide Nepal with 1.3 million liters of gasoline to cope with increasing fuel crisis in Nepal.

This fuel will be provided as a grant by China.

The ongoing fuel shortage has forced the closure of thousands of schools and taken off thousands public and private vehicles off the roads, hitting Nepal’s economy hard.

(IANS)

 

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Reliance Communications (RCOM) forms Agreement with Veecon Media, Sells Reliance Big TV

Reliance Communications formed a MOU with Veecon Media and Television Ltd to sell off its subsidiary Reliance BIG TV Ltd (RBTV) and its entire shareholdings

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Reliance Communications
Reliance Communications sold off its subsidiary RBTV to Veecon Media. Wikimedia.

New Delhi, Nov 6: Reliance Communications (RCOM) on Monday entered into a binding Memorandum of Understanding with Veecon Media and Television Limited, for sale of its subsidiary Reliance BIG TV Limited (RBTV), engaged in the business of Direct to Home (DTH) services across India, a company statement said here.

Pursuant to the transaction, the buyer will acquire the entire shareholding of RBTV with business on “as-is where-is” basis, along with all existing trade liabilities and contingent liabilities, the statement said.

The existing DTH licence of BIG TV shall be renewed with the submission of the required bank guarantees with the Ministry of Information and Broadcasting by the buyer.

Reliance Communications
Reliance Communications (RCOM) forms Agreement with Veecon Media. IANS.

The transaction ensures that all existing 1.2 million customers of RBTV shall continue to enjoy uninterrupted services. It also ensures the continuity of employment for approximately 500 employees of RBTV.

The transaction will help reduce the liability of unsecured creditors, benefitting all stakeholders including lenders and shareholders of Reliance Communications. The transaction is in consonance with the Reliance Communication’s stated objective to focus on B2B businesses of new Reliance Communications, the statement said.

The culmination of the transaction is subject to the requisite approvals from licensors, regulatory authorities and lenders of Reliance Communications. (IANS)

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Assam Government signs a MoU with Google India to expand Internet Connectivity

It will provide Internet connections to 26,000 villages and 1,500 tea garden areas in Assam

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Assam Government has signed MoU with Google India to expand Internet Connectivity
Assam Government has signed MoU with Google India to expand Internet Connectivity. Pixabay

Guwahati, Assam, September 8, 2017: The Assam government on Thursday signed a MoU with Google India to take Internet connectivity to the remotest part of the north-eastern state.

Chief Minister Sarbananda Sonowal said the government would work to provide Internet connections to 26,000 villages and 1,500 tea garden areas in Assam under the MoU and thus increase digital literacy.

Information Technology Secretary Nitin Khare and Google India Country Head (Policy) Chetan Krishnaswami signed the Memorandum of Understanding in the presence of Sonowal.

“Technology rules the roost in the 21st century and the state government has upped the ante to use technology to carry forward the fruits of development to the remotest parts of Assam,” the Chief Minister said.

He said the ties with Google was a way forward to strongly pitch Guwahati as a natural gateway to the South-East Asian countries.

Sonowal said his government in sync with the Centre was working for the success of Startup initiative but the success of such programmes sans technology would be a distant dream.

“The MoU will be used as a launchpad to achieve the state government’s vision of women empowerment, skill development, and universal education,” he said.

The Chief Minister asked the Information Technology Department to take steps to make technology acceptable and favourable among the rural populace so as to catalyse rural development. (IANS)

 

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India, US sign Memorandum of Understanding for cooperation in Traditional Medicine

The MoU was signed by Rajiv Kumar Sharma, Director, PCIM & H and Dr. K.V. Surendra Nath, Senior Vice President, Global Sites, USP

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Ayurveda. Image source: www.linkedin.com

New Delhi, Aug 25, 2016: An official statement declared that the Pharmacopoeia Commission for Indian Medicine and Homoeopathy (PCIM&H) and the United States Pharmacopeial Convention (USP) inked a MoU on Wednesday for cooperation in traditional medicine.

It will also cover collaboration in identification, development, and dissemination of science-based standards in this field at an international level, it said.

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The MoU was signed by Rajiv Kumar Sharma, Director, PCIM & H and Dr. K.V. Surendra Nath, Senior Vice President, Global Sites, USP in the presence of AYUSH (ayurveda, yoga, unani, siddhant and homeopathy) Secretary Ajit Sharan.

Representational Image-AYUSH
Representational Image-AYUSH

According to the ministry, the goal of the MoU is to enhance public health in India, US, and globally by working together to increase the awareness and understanding of quality traditional and herbal medicines, botanical dietary supplements, and their products.

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“The goal will also be to increase the availability and access to needed public standards for traditional/herbal medicines, botanical dietary supplements, and their products,” said the statement. (IANS)

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One response to “India, US sign Memorandum of Understanding for cooperation in Traditional Medicine”

  1. This agreement sounds like it has laudable goals, but it must be remembered that many U.S. regulatory agencies are controlled by Pharmaceutical corporations. Pharma is dedicated to undermining homeopathy and other traditional medicines, which compete in the market place for its drugs. One of their methods is to make standards for traditional medicines so high, that only corporate entities can meet them. This way they drive smaller producers out of business. The way this agreement unfolds must be watched very closely.