Sign In
Learn bits
I.R.
Pradeep Kumar

15/07/21 11:00 AM IST

MoU between India and Russian Federation

In news

Cabinet approves Memorandum of Understanding (MoU) between India and Russian Federation on cooperation regarding coking Coal, which is used for Steel making.

Objective
  • The objectives of the MoU is to strengthen cooperation between Govt. of India and Govt of Russia in the steel sector.  The activities involved in the cooperation are aimed at diversifying source of coking coal.
Benefits
  • The MoU shall benefit the entire steel sector by reducing their input cost.  This may lead to reduction in cost of steel in the country and promote equity and inclusiveness.
  • The MoU will provide an institutional mechanism for co-operation in the coking coal sector between India and Russia.
Coking Coal
  • Coking coal, also known as metallurgical coal, is used to create coke, one of the key irreplaceable inputs for the production of steel.
  • There are many varieties of coal in the world, ranging from brown coal or lignite to anthracite.
  • The property that really sets coking coals apart from other coals is its caking ability, which is the specific property required in order to make coke suitable for steel making.
Source: PIB

More Related Current Affairs View All

24 Sep

Leveraging transit-oriented development to build productive cities

'Indian cities are on the brink of a transportation revolution, with a projected expenditure of ?3 trillion (between 2022–2027) set to be spent on approved metro rail project

Read More

24 Sep

Section 107 of BNSS

'The Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, introduced Section 107, which deals with properties which are “proceeds of crime”.' Until recently, this term w

Read More

24 Sep

Supreme Court strengthened child pornography law

'Tightening the law on child pornography, the Supreme Court recently said that even viewing, possessing, and not reporting such content is punishable under the Protection of Childr

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps