Page-5 of India-Russia
General Insurance Corporation gets license from Bank of Russia for reinsurance business
The Central Bank of the Russian Federation has given license to the General Insurance Corporation (GIC RE) of India to commence reinsurance business. GIC RE is a state-owned insurance company, and the sole provider of re-insurance in India. The subsidiary ..
14 MoUs signed at 5th India-Russia Industrial Conference
India and Russia signed 14 Memorandum of Understandings at the India-Russia Industrial Conference held at DefExpo 2020, Lucknow. The Agreements were signed under Make in India initiative. Highlights The countries signed agreements related to ASW rocket launchers, T-72, radar systems, ..
Month: Current Affairs - February, 2020
DRDO signs agreement with Russia’s Rosoboronexport at the DefExpo, 2020
On February 7, 2020, DRDO (Defence Research Development Organization) signed an agreement with Rosobornexport of Russia. According to the agreement the defence organization will develop Advanced Pyrotechnic Ignition Systems for missile propulsion Highlights The agreement was signed with the HEMRL ..
Month: Current Affairs - February, 2020
HEMRL inks deal with Russian company for technology import
High Energy Materials Research Laboratory (HEMRL) is a laboratory of the Defence Research and Development Organisation (DRDO). Head-quartered in Pune, it conducts research in the area of High Energy Materials and Explosive materials. Recently, the lab has tied up with the Russian ..
5th India-Russia Military Industrial Conference held in Lucknow
The fifth edition of the India-Russia Military Industrial Conference was recently organised in the northern Indian city, Lucknow. The Conference was organised on the sidelines of the biennial Defence exhibition DefExpo 2020. As many as 14 MoUs related to production ..
IOC signs MoU with Russia’s Rosneft for crude oil imports
Indian Oil and Gas company, the Indian Oil Corporation recently signed an MoU with Russian energy firm, Rosneft for importing Crude Oil from Russia. The crude oil purchase agreement was signed during a meeting between Union Minister of Petroleum and Natural ..
‘DefExpo’ inaugurated in UP
The biennial Defence exhibition of India, ‘DefExpo’ was recently inaugurated at Lucknow, Uttar Pradesh by the Indian Prime Minister Narendra Modi. The Uttar Pradesh Chief Minister also attended the inaugural programme. A live demonstration of naval systems, aero systems and ..
India Russia sign first ever Term Contract to import crude oil to India
On February 5, 2020, the Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan and the Chairman of Rosneft (Russia’s largest oil producing company) signed the first ever term contract. According to the contract India will import 2 million metric ..
Month: Current Affairs - February, 2020
Ganga-Volga Dialogue held with Russia to enhance Connectivity
The Ganga-Volga Dialogue was held between India and Russia in New Delhi. The dialogue focused in providing interface between the civilizations of the countries. Highlights The dialogue prioritized people-to-people contact. According to Russia, the dialogue acted as a good platform ..
Month: Current Affairs - January, 2020
Russia: Production of S-400 missiles begins; China-India-Russia meet in March 2020
On January 17, 2020, Russia announced that the production of S-400 air defence missile system for India has begun. The missiles are to be delivered by 2025. Russia also announced that the foreign Ministerial meet of Russia, India and China ..