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DAILY PIB 17TH NOVEMBER 2022

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    DAILY PIB 17TH NOVEMBER 2022

    • No Money For Terror Conference: Ministry of Home Affairs, Government of India is organising the 3rd Ministerial ‘No Money for Terror’ Conference in New Delhi. It aims to progress the discussions on combating terrorist financing held by the international community in the previous two Conferences in Paris (2018) and Melbourne (2019). Focused Areas: Global trends in terrorism and terrorist financing, use of formal and informal channels of funds for terrorism, emerging technologies and terrorist financing and requisite international co-operation to address related challenges.

     

    • National Infrastructure and Investment Fund (NIIF): NIIF is India’s first-ever sovereign wealth fund (SWF) that was set up by the Indian Government in the year 2015. NIIF funds were found to primarily invest in the infra-related projects across the country by building the capital from both domestic and international investors. It has been incorporated as a company under the Companies Act, 2013 and is acting as the investment manager to Alternative Investment Funds.

     

    • 8th India- Norway Maritime Meeting: The maritime trade with Norway is dating back since 1600.India-Norway Joint Working Group on Maritime meetings are being held on a regular basis. The 7th JWG on Maritime was held in Oslo in November, 2019. During the 7th Meeting issues regarding cooperation in Shipbuilding, enhancing skills of seafarers and environment friendly ships were discussed. In 8th JWG Maritime Meeting held recently  discussion was held on use of alternative fuels like green ammonia and hydrogen for futuristic shipping. Norwegian Green Shipping Programme has been successful and the experience and expertise was shared in the meeting.

     

    • Indian Chemicals Council: 4th edition of Indian Chemicals Council (ICC) Sustainability Conclave was held. The two-day event promotes sustainability in the management of the entire life cycle of chemicals. It is being organized jointly with United Nations Environment Program (UNEP) and International Council of Chemical Associations (ICCA) with due support of  Ministry of Chemicals and Fertilizers and Ministry of Environment, Forest & Climate Change.

     

    • Financial Action Task Force: FATF is an inter-governmental body established in 1989 during the G7 Summit in Paris.The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. It is headquartered in Paris.It consists of thirty-seven member jurisdictions. India is one of the members.

    FATF has two lists:

      • Grey List: Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list.
      • Black List: Countries known as Non-Cooperative Countries or Territories (NCCTs) are put in the blacklist. These countries support terror funding and money laundering activities.

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