Daily GK Potion – 17th September 2014

  1. India China sign three pacts
    On the first day of its three day visit, Chinese President Xi Jinping signed three Gujarat specific pacts.

    • MoU establishing ‘Sister Province’ relations between Guangdong, China and Gujarat, India which covers cooperation in economy and trade, environmental protection, public policy education, health, science and technology, tourism and culture.
    • MoU between the cities of Guangzhou, China and Ahmedabad, Gujarat, India for closer cooperation between the local authorities of the two cities, which will facilitate engagements in the fields of economy and trade, environment protection, public policy, education, health, science and technology, tourism and culture. Knowledge sharing will be done through delegation visits, institutional meetings and sharing of experiences in areas of mutual interest.
    • MoU between Industrial Extension Bureau (iNDEXTb), the nodal agency of Government of Gujarat for investment promotion, and China Development Bank, under which iNDEXTb will assist Chinese investors in obtaining required clearances and creating infrastructure facilities in the industrial parks.
  2. IndiGo  inks 2.6 billion dollar deal with Chinese bank ICBC
    • Industrial and Commercial Bank of China Ltd (ICBC) will finance the no-frill airline’s plans to purchase over 30 aircraft.
  3. Reliance Communications and Huawei Telecommunications (India) Co. Pvt. Ltd signed MoU for 2G and 3G network expansion.
  4. A 450 MW wind power spare parts purchasing agreement signed between Mingyang Wind Power and Global Wind Power.
  5. Axis bank launched e-surveillance facility at ATMs
  6. Prime Minister Narendra Modi has picked former McKinsey India chief Adil Zainulbhai to head the Quality Council of India that promotes high standards in areas like education, healthcare, environment, infrastructure, governance and social sectors. 
  7. Panel submitted report on new gas pricing formula.
  8. Asian Development Bank (ADB) to grant Rs 284 crore to Karnataka for municipal projects.