Summits & Meetings - Current Affairs for March,2017

Month and Year:   
▼ India-Russia Military Industrial Conference held   [03-20-17]

The India-Russia Military Industrial Conference was on 17 March 2017 jointly inaugurated by India and Russia in New Delhi.

On the sidelines of the conference, two agreements were signed between Hindustan Aeronautics Limited (HAL) and United Aircraft Corporation and United Engine Corporation of Russia.

The agreements are related to general terms and conditions governing long term supply of spares and rendering technical assistance over five years for the Su-30 MKI aircraft.

The basic objective of the conference is to address issues related to life-cycle support and maintenance of major Russian-origin equipments and platforms such as SU-30 MKI aircraft, Mi-17 Helicopters, MiG-29K aircraft, INS Vikramaditya and T-90 tanks.

Apart from the consultations on various policy issues, break-out sessions on aerospace, naval systems and land systems were also held.

About 150 representatives from Russia participated in the conference, which included over 100 representatives from its defence industry.

Russia: Know More

  • Capital: Moscow
  • Currency: Russian rouble
  • President: Vladimir Putin
  • Population: 143.5 million (2013) World Bank
  • Prime minister: Dmitry Medvedev

▼ Linking farmers with markets: International Convention on Changing Dynamics of Commodities Market   [03-20-17]

Union Minister for Agriculture and Farmers Welfare, Shri R. M Singh has indicated the government is working on a concrete plan to link farmers with the markets.

Addressing the 5th International Convention on Changing Dynamics of Commodities Market, this will help farmers participation in trading food grains.

Forward trading is an index of predictive pricing and a result of both buyer and seller, can plan their futures trading.

This will assist farmers to plan crop planting and eliminate the role of the middlemen.

Marketing in farm produce is carried out through state government designated 6746 mandis across the nation.

Government is leveraging the APMC mandis and amending marketing laws to facilitate setting up of mandis by the private sector.

e-NAM offers online commodities trading platform to fetch a farmer optimal price for farm produce. Money is also directly credited to his account.

A total of 277 mandis have spread across 12 states and linked on the e-NAM portal. 585 mandis will join the platform by the next year.

India is not only self sufficient in agricultural production but also exports food grains.

Agricultural growth has more than doubled from 2 to 4.4 percent. In the 2017-2018 budget, funding provision for rural, agricultural and allied sectors has risen to 24% or INR 187,223.

▼ International Buddhist Conference held in Rajgir    [03-20-17]

The three day International Buddhist Conference was organized by Ministry of Culture and Nava Nalanda Mahavihara Deemed University at Rajgir.

It was inaugurated by His Holiness The Dalai Lama.

There were two highlights of the inaugural session.

One was the release of the reprint of the Pali Tripitaka in Devanagri script by His Holiness the Dalai lama.

The second highlight was the announcement of the opening of the department of the Buddhist science for the first time in Asia.

Rajgir: Know More

  • Rajgir is a city and a notified area in Nalanda district in the Indian state of Bihar.
  • The city of Rajgir was the first capital of the kingdom of Magadha.
  • This is a state that would eventually evolve into the Mauryan Empire

▼ ECO Summit meeting held in Islamabad   [03-6-17]

The Heads of State and Government of the Member States of the Economic Cooperation Organization, gathered on the occasion of the thirteenth ECO Summit Meeting, in Islamabad under the theme “Connectivity for Regional Prosperity”.

This was at the invitation of the Government of the Islamic Republic of Pakistan, on the first day of March 2017, to review the objective conditions and progress in implementation of ECO programmes and projects.

It aimed to exchange views on regional and global issues of common interest to the ECO Region with the aim of consolidating ECO as an organization, bolstering cooperation and building on shared values and mutual interests.

Chronology of events
The 11th edition of North-East Business Summit (NEBS) was held New Delhi. The two-day summit aimed to facilitate investment, highlight strengths of the North-East Region (NER) and business opportunities which North-East can offer.
The Leaders’ Summit in Commemoration of the 20th anniversary of the Indian Ocean Rim Association (IORA) concluded on 7 March 2017 in Jakarta, Indonesia. In the summit, India was represented by the Vice President Hamid Ansari.