Economic Newsletter: September 2017


Government of India Decisions High Impact News
Cabinet approves Rs 3,000 cr project for appraisal of oil, gas reserves
Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi today gave its approval to undertake appraisal of 48,243 Line Kilometer (LKM) of 2D seismic data of the country’s sedimentary basins for which limited data is available.. 
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Foreign Minister Tilak Marapana meets with Indian PM Narendra Modi
Foreign Minister Tilak Marapana on an official tour of India, met Indian Prime Minister, Narendra Modi, in New Delhi on September 10. Indian Prime Minister, Narendra Modi stated that Marapana’s first official visit after taking office as Foreign Minister, to India, reflected the close partnership between the two neighbours.
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Cabinet approves implementation of Dairy Processing & Infrastructure Development Fund 
The Cabinet Committee on Economic Affairs chaired by Prime Minister has approved a Dairy Processing and Infrastructure Development Fund with an outlays of Rs 10,881 crore during the period of 2017-18 to 2028-29. 
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President lays foundation stone for India funded Tri-Lingual National School in Polonnaruwa
Sri Lanka President Maithripala Sirisena laid the foundation stone for a new Tri-Lingual National School in Kaduruwela in Polonnaruwa District along with High Commissioner of India Taranjit Singh Sandhu in a special ceremony held in Polonnaruwa.
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PM launches Pradhan Mantri Saubhagya Yojana; dedicates Deendayal Urja Bhawan to the nation
The Prime Minister, Shri Narendra Modi, launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or Saubhagya, at New Delhi. The aim of this scheme is to provide power to all homes. 
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India helps renovate Saraswathy Central College, Pusselawa, Kandy 
India and Sri Lanka signed a Memorandum of Understanding to renovate Saraswathy College, Pusselawa located in Kandy District of Sri Lanka. 
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CIPAM-DIPP launches social media campaign to promote Geographical Indications 
The Cell for IPR Promotions & Management (CIPAM) under the aegis of Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, has launched a social media campaign to promote Indian Geographical Indications (GIs) with #LetsTalkIP which is an ongoing movement initiated by CIPAM to make more people aware about the importance of Intellectual Property Rights. 
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India helps upgrade Thondaman Vocational Training Centre in Sri Lanka
India and Sri Lanka on Wednesday signed a Memorandum of Understanding (MoU)  to upgrade the Thondaman Vocational Training Centre(TVTC), in Hatton located in Nuwara Eliya district of Sri Lanka.
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