Updated By: LatestGKGS Desk
Union Cabinet approved MoU between NITI Aayog & Russia Economic Development Ministry
Union Cabinet approved MoU between NITI Aayog & Russia’s Economic Development Ministry: Details, Aim, Purpose, Highlights
The Union Cabinet chaired by Prime Minister Narendra Modi on 26th September 2018, has given its approval for signing of a Memorandum of Understanding (MoU) between National Institute for Transforming India (NITI) Aayog, and Ministry of Economic Development of the Russian Federation (MEDRF) in the field of social, economic, industrial and regional development programs.
The main aim of the India and Russia, agreement is to explore the potential of cooperation in the framework of preparation and implementation of strategies and programs of social, economic, industrial and regional development.
The agreement also provides a framework and enabling the environment to understand each other's strengths, market, technologies, and policies.
India and Russia agreement involve cooperation in conducting and execution of joint research projects related to issues of mutual interest, exchange of information and research works related to issues of mutual interest between the two sides and visits of relevant specialists of both sides for participation in joint events.
Russia
Capital: Moscow
Largest City: Moscow
Currency: Russian ruble (RUB)
Official Language: Russian
Prime Minister: Dmitry Medvedev
President: Vladimir Putin
