Showing posts with label agreements. Show all posts
Showing posts with label agreements. Show all posts

Saturday, 27 October 2018

India and Bangladesh Sign Agreements for Enhancing Inland and Coastal Waterways Connectivity - Pragnya IAS Academy - News Analysis.

India and Bangladesh Sign Agreements for Enhancing Inland and Coastal Waterways Connectivity.

India and Bangladesh signed several milestone agreements today, for enhancing inland and coastal waterways connectivity between the two countries for trade and cruise movements.

Briefing media persons in New Delhi this evening, Shipping Secretary Shri Gopal Krishna, and his Bangladesh counterpart Shri Md. AbdusSamadinformed that the two countries have signed an agreement to use Chattogram and Mongla Ports in Bangladesh for movement of goods to and from India. A Standard Operating Procedure (SOP) has also been signed for movement of passenger and cruise services. In addition to this, an addendum to ‘Protocol on Inland Water Transit and Trade’ (PIWTT) between India and Bangladesh has been signed for inclusion of Dhubriin India and Pangaonin Bangladesh as new Ports of Call. These agreements will facilitate easier movement of goods and passengers between the two countries, giving an impetus to trade and tourism.
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The two sides agreed to consider inclusion of Rupnarayanriver (National Waterway-86) from Geonkhali to Kolaghat in the protocol route and to declare Kolaghatin West Bengal as new Port of Call. Chilmari was agreed to as a port of call in Bangladesh. The new arrangement will facilitate movement of flyash, cement, construction materials etc from India to Bangladesh through IWT on Rupnarayanriver. Further, both sides agreed to declare Badarpur on river Barak (NW 16) as an Extended Port of Call of Karimganj in Assam and Ghorasal of Ashuganj in Bangladesh on reciprocal basis. The Indian side proposed for extension of the protocol routes from Kolkata uptoSilchar in Assam. Currently 3.5 MMT cargo is transported on protocol routes through inland waterways which is expected to increase substantially after the declaration of additional Ports of Call and extension of protocol routes. The North Eastern states would get connected to directly to the ports of Kolkata and Haldia in India and Mongla in Bangladesh through waterways which would facilitate movement EXIM cargo and would also reduce the logistic costs.
In another important understanding reached at between the two countries, the Standard Operating Procedure (SOP) for movement of passengers and cruise vessels on Inland Protocol route and coastal shipping routes have been finalised. These river cruise services are likely to commence between Kolkata – Dhaka - Guwahati – Jorhat and back.
It was also agreed that a Joint Technical Committee will explore the technical feasibility of operationalisation of Dhulian-Rajshahi protocol route uptoAricha. and the reconstruction and opening up of Jangipur navigational lock on river Bhagirathi subject to the provisions of the Treaty between India and Bangladesh on Sharing of Ganga Waters at Farakka,1996. This move has the potential to reduce the distance to Assam by more than 450 kms on the protocol routes.
It was also decided that a Project Management Consultant for supervision and monitoring of dredging of Ashuganj-Zakiganj and Sirajganj-Daikhowa stretches of Indo-Bangladesh Protocol Route in Bangladesh will be engaged with 80 % financial contribution from India and rest by Bangladesh. A Joint Monitoring Committee has also been constituted for overall monitoring of the dredging works.
To bring about significant reduction in logistics cost and faster delivery of Bangladesh export cargo, Indian side raised the point regarding permitting ‘Third country’ EXIM Trade under Coastal Shipping Agreementand PIWTT by allowing transhipment through ports on the East Cost of India. Bangladesh agreed to hold stakeholder consultations and revert on the matter.
Both sides have also agreed for development of Jogighopa as a hub/trans-shipment terminal for movement of cargo to Assam, Arunachal Pradesh, Nagaland and Bhutan and notifying Munsiganj River terminal by Bangladesh Customs for routing third party Exim cargo through Kolkata Port.
Discussions were also held to make Nakugaon Land Port in Bangladesh and Dalu ICP (India) operational and to connect Gelephu (Bhutan) as tripartite cross-border route.
Permission for the transportation of third country cargo on protocol routes and coastal shipping routes were also discussed. Inclusion of Dhamra Port, V.O. Chidambaranar Port (formerly Tuticorin Port) and Kamarajar Port under Coastal Shipping Agreement was also deliberated upon. These will be further discussed in Joint Shipping Committee meeting scheduled in December, 2018.
Prior to the Secretary Shipping level talks held today, the 19th edition of the Standing Committee meeting under ‘Protocol on Inland Water Transit and Trade’ (PIWTT) between high level delegations of the two countries were held yesterday. The daylong meeting was attended by representatives of Ministries of Shipping, External Affairs, Home, Finance, DONER and Inland Waterways Authority of India (IWAI) and officials from Bangladesh belonging to Ministry of Shipping, Board of Revenue, DG (Shipping) and Bangladesh Inland Water Transport Authority (BIWTA). (Source: pib)


The above Article can also be read using the link below:

India and Bangladesh Sign Agreements for Enhancing Inland and Coastal Waterways Connectivity.

Thursday, 30 August 2018

Centre and the World Bank sign 300 million dollar loan agreements for India Energy Efficiency Scale up Programme - Pragnya IAS Academy - News Analysis.

Centre and the World Bank sign 300 million dollar loan agreements for India Energy Efficiency Scale up Programme.

The programme will help scale up the deployment of energy saving measures in residential and public sectors, strengthen EESL's institutional capacity

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The government, World Bank and state-owned EESL on Tuesday inked a $220 million loan agreement and $80 million guarantee pact to push energy efficiency programme in India.
To be implemented by EESL, the programme will help scale up the deployment of energy saving measures in residential and public sectors, strengthen EESL's institutional capacity, and enhance its access to commercial financing.
The $220 million loan, from the International Bank for Reconstruction and Development (IBRD) to Energy Efficiency Services Ltd, has a 5-year grace period, and a maturity of 19 years.
"The Government of India, the EESL, and the World Bank on Tuesday signed a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program," the joint statement by World Bank and EESL said.
The investments under the programme are expected to avoid lifetime greenhouse gas emissions of 170 million tons of CO2, and contribute to avoiding an estimated 10 GW of additional generation capacity.
This would be over 50 per cent of the National Mission for Enhanced Energy Efficiency target of 19.6 GW indicated in India's Nationally Determined Contributions (NDCs) under the Paris Accord.
"The programme will help tackle the financing, awareness, technical and capacity barriers faced by new energy efficiency programs and support the UJALA and SLNP programs of the Government of India," said Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, said in the statement.
"This is one of the several steps being taken by the Government of India to meet its climate change commitments to reduce carbon intensity by 33-35 percent by 2030," he added.
The key components of the operation include: creating sustainable markets for LED lights and energy efficient ceiling fans; facilitating well-structured and scalable investments in public street lighting; developing sustainable business models for emerging market segments such as super-efficient air conditioning and agricultural water pumping systems; and strengthening the institutional capacity of EESL.
Under the Program, EESL will deploy 219 million LED bulbs and tube lights, 5.8 million ceiling fans, and 7.2 million street lights, which will be supplied by private sector manufacturers and suppliers.
Saurabh Kumar, Managing Director, EESL said in the statement, "This program provides us a valuable opportunity...while providing necessary impetus for replicating and magnifying our success across India with other energy efficiency technologies and programmes, and with other ESCOs and stakeholders across the spectrum."
As an integral part of the operation, the first-ever IBRD guarantee in India will help the EESL access new markets for commercial financing in line with the Bank's approach of maximizing finance for development. The guarantee is expected to leverage some $200 million in additional financing, to help EESL with its growing portfolio and future investment needs.
"India's energy efficiency market, estimated to be over $12 billion per year, continues to face implementation barriers, particularly in the residential and public sectors, which have some of the largest untapped potential for energy efficiency improvements.
"Building upon its experience of UJALA and SLNP, EESL is now expanding its initiatives to other energy efficiency measures," said Ashok Sarkar, Senior Energy Specialist and World Bank's Task Team Leader for the programme. (Source: The Business Standard)


The above Article can also be read using the link below:

Centre and the World Bank sign 300 million dollar loan agreements for India Energy Efficiency Scale up Programme.