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Indian Technical And Economic Cooperation Programme
Indian Technical and Economic Cooperation Programme (ITEC) is a bilateral assistance programme run by the Government of India. It is a demand-driven, response-oriented programme that focuses on addressing the needs of developing countries through innovative technological cooperation between India and the partnering nation. Along with its corollary the Special Commonwealth Assistance for Africa Programme, ITEC covers 158 countries across Asia, Africa, Latin America, Central and Eastern Europe, and several Pacific and Caribbean nations. Since its inception, the programme has spent over US$ 2 billion and benefited thousands of students and professionals from around the globe and annual expenditure on the programme has averaged US$ 100 million per annum in recent years. History ITEC was officially launched on 15 September 1964 but for decades it remained a marginal programme as India itself was dependent on international aid. ITEC was an important part of India's a ...
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Government Of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure The gover ...
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Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Rail India Technical And Economic Services
Rail India Technical and Economic Service Limited, abbreviated as RITES Ltd, is a wholly owned subsidiary of the Indian Railways, Ministry of Railways, Government of India. It is an engineering consultancy corporation, specializing in the field of transport infrastructure. Established in 1974 by the Indian Railways, the company's initial charter was to provide consultancy services in rail transport management to operators in India and abroad. RITES has since diversified into planning and consulting services for other infrastructure, including airports, ports, highways and urban planning. On-shore WDS6 Diesel Loco Leasing service has been introduced. It was awarded the status of MINIRATNA in 2002. It has executed projects in over 62 countries on every major continent. As of 2011, it was executing projects in over 55 countries. The company got listed on both the major stock exchanges in India on July, 2018. Railway projects Major railway companies and projects that have had proje ...
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Water And Power Consultancy Services
WAPCOS Limited, earlier known as Water and Power Consultancy Services (India) Limited, is an Indian consultancy service provider under the ownership of the Government of India and administrative control of the Ministry of Jal Shakti. The firm provides consultancy services in the fields of water resources Water resources are natural resources of water that are potentially useful for humans, for example as a source of drinking water supply or irrigation water. 97% of the water on the Earth is salt water and only three percent is fresh water; slight ..., power and infrastructure. Launched in 1969, it is a "Mini Ratna" company with several projects across India, Asia and Africa. History WAPCOS Limited is a "Mini Ratna-I" Public Sector Enterprise under the aegis of the Ministry of Jal Shakti, Department of Water Resources, River Development & Ganga Rejuvenation. Incorporated on June 26, 1969, under the Companies Act, 1956; WAPCOS is a technology-driven Consultancy and Engineering ...
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Hindustan Machine Tools
HMT Limited, formerly Hindustan Machine Tools Limited, is a Public sector undertakings in India, state owned company under the control of the Ministry of Heavy Industries, Government of India. It was founded in 1953 as a machine tool manufacturing company, diversifying into watches, tractors, printing machinery, Sheet Metal Forming, metal forming presses, Casting, die casting and plastic processing machinery, and CNC systems and bearings. HMT is headquartered at Bengaluru (Bangalore). The watch making division, HMT Watches, opened in 1961. During the 1970s and 1980s HMT was the largest supplier of wrist watches in India, with popular styles including Janata and Pilot. The division closed in 2016, largely due to mismanagement leading to heavy losses. In the same year, the Government of India also shut down HMT Chinar Watches Ltd., HMT Bearings, and HMT Tractors. HMT Machine Tools Limited still manufactures industrial machines and tools with a work force of around 2,500 in six m ...
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Group Of 15
The Group of 15 (G-15)Thofficial website adopts the "G-15" orthography (with a hyphen) in order to distinguish an abbreviated reference to this group -- contrasts with other similarly named entities. is an informal forum set up to foster cooperation and provide input for other international groups, such as the World Trade Organization (WTO) and the Group of Seven. It was established at the Ninth Non-Aligned Movement Summit Meeting in Belgrade, Yugoslavia, in September 1989, and is composed of countries from Latin America, Africa, and Asia with a common goal of enhanced growth and prosperity. The G-15 focuses on cooperation among developing countries in the areas of investment, trade, and technology. Membership has since expanded to 18 countries, but the name has remained unchanged. Chile, Iran and Kenya have since joined the Group of 15, whereas Yugoslavia is no longer part of the group; Peru, a founding member-state, decided to leave the G-15 in 2011. Structure and activities ...
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African Union Commission
The Commission of the African Union acts as the executive/administrative branch or secretariat of the African Union (and is somewhat analogous to the European Commission). It consists of a number of Commissioners dealing with different areas of policy. The African Union Headquarters are in Addis Ababa, Ethiopia. It should be distinguished from the African Commission on Human and Peoples' Rights, (based in Banjul, Gambia), which is a separate body that reports to the African Union. History On September 13, 2005 an agreement was reached by the Commission and France whereby France would donate €5 million for the furtherance of African Union activities. Some of the initiatives this money will go to are an African Communication Policy and an African Common Defence Force. The signatory on behalf of the Commission was Bernard Zoba. The African Union Commission became a part of the Forum on China–Africa Cooperation (FOCAC) in 2012. FOCAC is the main multi-lateral coordination m ...
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COMESA
The Common Market for Eastern and Southern Africa (COMESA) is a regional economic community in Africa with twenty-one member states stretching from Tunisia to Eswatini. COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in 2000 (Djibouti, Egypt, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia and Zimbabwe), with Rwanda and Burundi joining the FTA in 2004, the Comoros and Libya in 2006, Seychelles in 2009 and Tunisia and Somalia in 2018. COMESA is one of the pillars of the African Economic Community. In 2008, COMESA agreed to an expanded free-trade zone including members of two other African trade blocs, the East African Community (EAC) and the Southern Africa Development Community (SADC). COMESA is also considering a common visa scheme to boost tourism. Membership Current members Former members Organs According to the treaties, the following organs have decisi ...
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Afro-Asian Rural Development Organization
African-Asian Rural Development Organization (AARDO) formed in 1962, is an autonomous inter-governmental organization comprising 34, 18 from Africa, 15 from Asia as full members and one associate member from Asia. AARDO is devoted to develop understanding among members for better appreciation of each other's problems and to explore, collectively, opportunities for coordination of efforts for promoting welfare and eradication of thirst, hunger, illiteracy, disease and poverty amongst hundreds of millions of rural people. AARDO has its headquarters in New Delhi, India. India, one of the founding members of the AARDO, is the largest contributor in terms of membership contribution. Member states * Burkina Faso * Arab Republic of Egypt * Federal Democratic Republic of Ethiopia * Republic of Gambia * Republic of Ghana * Republic of Kenya * Republic of Liberia * Great Socialist People's Libyan Arab Jamahiriya * Republic of Malawi * Republic of Mauritius * Kingdom of Morocco * Federal R ...
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Group Of 77
The Group of 77 (G77) at the United Nations (UN) is a coalition of 134 developing countries, designed to promote its members' collective economic interests and create an enhanced joint negotiating capacity in the United Nations. There were 77 founding members of the organization headquartered in Geneva, but it has since expanded to 134 member countries according to the organization. Pakistan holds the chairmanship as of 2021. The group was founded on 15 June 1964, by 77 non-aligned nations in the "Joint Declaration of the Seventy-Seven Countries" issued at the United Nations Conference on Trade and Development (UNCTAD). The first major meeting was in Algiers in 1967, where the ''Charter of Algiers'' was adopted and the basis for permanent institutional structures was begun under the leadership of Raul Prebisch who had previously worked at ECLA. There are ''Chapters of the Group of 77'' in Geneva (UN), Rome (FAO), Vienna (UNIDO), Paris (UNESCO), Nairobi (UNEP) and the Group of 24 ...
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UNIDO
The United Nations Industrial Development Organization (UNIDO) (French: Organisation des Nations unies pour le développement industriel; French/Spanish acronym: ONUDI) is a specialized agency of the United Nations that assists countries in economic and industrial development. It is headquartered at the UN Office in Vienna, Austria, with a permanent presence in over 60 countries. As of April 2019, UNIDO comprises 170 member states, which together set the organization's policies, programs, and principles through the biannual General Conference. UNIDO was established in 1966 by the UN General Assembly to promote and accelerate the industrialization of developing countries, which were emerging from decolonization in record numbers and with little to no industrial base. In 1979 it became one of the 15 specialized agencies of the UN, with its new constitution coming into force in 1985. Since its founding, the organization has restructured and reformed several times; the 2013 Lima ...
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Economic Commission For Africa
The United Nations Economic Commission for Africa (UNECA or ECA; french: link=no, Commission économique pour l'Afrique, CEA) was established in 1958 by the United Nations Economic and Social Council to encourage economic cooperation among its member states (the nations of the African continent) following a recommendation of the United Nations General Assembly. It is one of five regional commissions. The ECA has 54 member states, corresponding to the 54 member states of the United Nations that lie within the continent of Africa or in oceans nearby the continent. Programme The commission's work is structured into seven programme divisions: * African Centre for Statistics * Macroeconomic Policy * Social development Policy * Innovation and Technology * Regional integration and Trade * Capacity Development Locations * Addis Ababa, Ethiopia (Headquarters, Africa Hall, opened 1961)''Africa Hall'', published by the Administration and Liaison Office, Addis Ababa (May 1963) * Yao ...
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