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.
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