Union Cabinet approves Azerbaijan, Portugal, and Russia agreements

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of three Memorandum of Understanding between Azerbaijan, Russia, and Portugal.

New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of three Memorandum of Understanding between Azerbaijan, Russia, and Portugal. The details of the three MoUs are as follows:-

Memorandum of Understanding between (ICAI) and The Chamber of Auditors of the Republic of Azerbaijan (CAAR)

The signing of Memorandum of Understanding between (ICAI) and The Chamber of Auditors of the Republic of Azerbaijan (CAAR) would help in establishing mutual co­operation in the areas of Member Management, Professional Ethics, Technical Research, CPD, Professional Accountancy Training, Audit Quality Monitoring, Advancement of Accounting Knowledge, Professional and Intellectual Development.

Memorandum of Understanding on cooperation in the field of Geosciences between the Joint Stock Company Rosgeologia, Russia and the Geological Survey of India (GSI), India

The main objective of this MoU is to extend mutual cooperation for technological collaboration on exploration for deep-seated and/or concealed mineral deposit; analysis and interpretation of the aero-geophysical data; PGE and REE Exploration and Research; Joint development of the Indian Geoscience Data repository with the Russian state-of-the-art Information Technology; exchange of technology & knowledge in the field of drilling, sampling and laboratory analysis to achieve data accuracy and cost optimization; and training and capacity building of scientific personnel etc., between "both the parties in the fields of Geosciences.

The signing of an agreement on the recruitment of Indian citizens to work in Portugal between the Government of the Republic of India and the Government of the Republic of Portugal

The present agreement would set an institutional mechanism for partnership and cooperation between India and Portugal on sending and accepting Indian workers. Under this agreement, a Joint Committee will be set up to follow up the implementation of the same.

Signing this agreement with Portugal will add a new destination for Indian migrant workers in an EU member nation, especially in the context of many Indian workers who have returned to India following the Covid-19 pandemic. It will provide new opportunities for skilled Indian workers and professionals. With the conclusion of this agreement, Portugal and India will have a formal arrangement for the recruitment of Indian workers.