CURRENT AFFAIRS

Detailed explanation-1: -India-New Zealand Navies sign pact: The Royal New Zealand navy and the Indian navy have signed a contract on the exchange of White Shipping Information Exchange.

Detailed explanation-2: -India, New Zealand navies sign pact on White Shipping Information Exchange. New Delhi [India], October 2 (ANI): Indian Navy signed an agreement on White Shipping Information Exchange with the Royal New Zealand Navy to promote greater transparency in the Maritime Domain, the Ministry of Defence said in a statement.

Detailed explanation-3: -The White Shipping Information is the exchange of prior information regarding the movement and identity of commercial non-military merchant vessels. Ships are classified into white, black, and grey signifying commercial, illegal, and military vessels respectively.

Detailed explanation-4: -Recently, India and the U.S had signed the White Shipping Agreement (WSA) as it establishes an information network protocol that allows the navies of both countries to exchange information about ships in their oceanic territories.

Detailed explanation-5: -National Payments Corporation of India (NPCI) and Central Financial institution Of Oman signed a historic MoU to launch the Rupay debit card in Oman, paving the best way for a brand new period of monetary connectivity.