IMPORTANT CURRENT AFFAIRS OF MAY 27th and 28th, 2017
i. India announced a $500 million line of credit to
Mauritius as the two countries resolved to deepen ties in a range of areas
including the maritime domain. The two countries also signed a maritime
security agreement after extensive talks between Prime Minister Narendra Modi
and his Mauritian counterpart Pravind Jugnauth.
ii. In a statement, Modi stated he and Jugnauth agreed that effective
management of conventional and non-conventional threats in the Indian Ocean is
essential to pursue economic opportunities.
i. The government has selected five merchant bankers, including
Goldman Sachs and Citigroup, to manage the government's 3 per cent stake sale
in IOC (Indian Oil Corporation) which could fetch about Rs 6,000 crore to
the exchequer. The other bankers who have been selected by the Department
of Investment and Public Asset Management (DIPAM) for managing the
stake sale are Deutsche Equities, SBI Capital Markets and ICICI
Securities.
ii. As many as 10 merchant bankers had made presentations before the
DIPAM yesterday, out of which five were selected.
i. Apple opened its first Southeast Asia store in Singapore, drawing
hundreds of excited fans to the swanky two-storey site in the city’s upmarket
shopping district. Located on the affluent Orchard Road, the new shop — easily
distinguished by its iconic glass facade — is expected to be one of the most
popular Apple stores in the world according to the US tech giant.
ii. Merchandise such as the iPhone and MacBook were strategically
placed on display across the spacious first floor, while the upper level acted
as a classroom for customers to participate in hands-on sessions.
i. The Orange City (Nagpur) has become India’s first
city to have electric mass mobility system. It will have a fleet of 200
electric vehicles including taxis, buses, e-rickshaw and autorickshaws, all
of which will be fully owned by cab aggregator Ola.
ii. Road transport and highways minister Nitin Gadkari, along
with Maharashtra Chief Minister Devendra Fadnavis has
inaugurated India’s first multi-modal electric vehicle project at the Nagpur
Airport Complex.
i. Prime Minister of Mauritius Pravind Kumar Jugnauth is
on a three-day visit to India. This is his first port of call after assuming
office and India laid out a red carpet welcome to make it a truly historic and
memorable first visit. Apart from announcing a 500 million USD line
of credit, India offered unconditional cooperation in the key area of maritime
security in the Indian Ocean region.
ii. Prime Minister Narendra Modi assured Mauritius of continued
Indian support in other important sectors including skill development and human
resource development. Prime Minister of Mauritius Pravind Jugnauth had
extensive delegation level talks with Indian PM Narendra Modi. At the
conclusion of the talks, both the countries inked four important agreements in
the field of education, maritime security, marine science and
technology.
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