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Cabinet approved MoU between India & Russia on Coking Coal

Published on July 15, 2021
Current Context: The Union Cabinet chaired by PM Narendra Modi approved the MoU between India and Russia to enhance cooperation on coking coal.
Cabinet approved MoU between India & Russia on Coking Coal
  • Coking coal is a key steelmaking raw material; also called Metallurgical coal, and for this many domestic entities are dependent on imports from selective groups of nations.
  • India’s 85% of coking coal demand is fulfilled through import.
  • Therefore the cooperation of India and Russia will help India to reduce this dependency on imports from other nations.
  • The MoU will also benefit India to reduce the per-tonne cost of steel production.
  • The MoU agreement was signed between the Ministry of Steel of India and the Ministry of Energy of Russia.
  • Thus the MoU will reduce the input cost and cost of steel and will promote equity and inclusiveness.
  • Static Part: 
    • Capital of Russia: Moscow
    • Currency of Russia: Russian Ruble

Question: 

Q.1 Union Cabinet approved MoU of India and ___ to enhance cooperation on coking coal?
a. Japan
b. Malaysia
c. Russia
d. Sri Lanka

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