Protocol for Inland Water Trade & Transit (PIWTT)
#GS3 #Economy #Transportation
The PIWTT was signed between India and Bangladesh in 1972 to connect the two countries through inland waterways.
- It was last renewed in 2015 for five years with a provision for its automatic renewal for a further period of five years.
- The second addendum includes new Indo Bangladesh Protocol (IBP) routes and declaration of new Ports of Call to facilitate trade between the two countries.
- As per the Protocol on Inland Water Transit and Trade, inland vessels of one country can transit through the specified routes of the other country.
- Under the Protocol, 50:50 cargo sharing by Indian and Bangladeshi vessels is permitted both for transit and inter-country trade.
- The number of IBP routes has been increased from 8 to 10.
National Academy of RUDSETI (NAR)
- National Academy of RUDSETI (NAR) is a resource organization committed to Entrepreneurship Development through motivation, training, and facilitation.
- It is a joint venture promoted by two public sector Banks and an Educational Trust of Sri Kshetra Dharmasthala.
- National Academy of RUDSETI (NAR), an offshoot of the RUDSETI movement is spearheading the concept by Training the Trainers/facilitators and mentoring the Rural Self Employment Training Institutes (RSETIs) established across the country.
- National Academy of RUDSETI is a Trust registered under the Indian Trusts Act.
- The NAR undertakes monitoring, mentoring, and capacity building of the following staffs on behalf of the Ministry of Rural Development
- Rural Self Employment Training Institutes staff,
- State/UT Rural Livelihood Mission staff
- Concerned Bank officials
- RSETIs are a unique initiative where State Governments, the Union Govt. and the commercial Banks are working together to address the issue of rural poverty.