Union Cabinet approves India-Finland Cooperation in the field of Geology and Mineral Resources

Union Cabinet approves India-Finland Cooperation in the field of Geology and Mineral Resources

   Kautilya Academy    03-09-2020

On September 2, 2020, the Union Cabinet approved Memorandum of Understanding between India and Finland for the cooperation in the field of geology and mineral resources.

Highlights

The MoU will facilitate cooperation in the field of geology, training, suitable analysis, and mineral prognostication. The Geophysical and seismic surveys were finalized to reinforce and strengthen scientific links between the countries. Also, the MoU aims to provide a framework and a platform to promote and foster cooperation in the field of mineral resources and geology. The platform will also help to share experiences on geological data, information dissemination.


The objectives of the survey are to be achieved by ground, marine, and airborne surveys, multi-disciplinary geoscientific, geo-environmental, geotechnical, and natural hazards studies.


Significance

Finland is rich in minerals such as iron, copper, chromium, nickel, and gold.


About Finland

Finland is usually at the top if various metrics of national performance. This is mainly because the country has good education system, civil liberties, economic competitiveness, human development. Between 2011 and 2016, Finland was the most stable country.


Finland has been the world’s happiest country in the years 2018, 2019, and 2020 under the World Happiness Report. The report is prepared by the United Nations Sustainable Development Solutions.


UN World Happiness Report, 2020

The report was published in March 2020. The report ranked 156 countries. The rankings were based on GDP per capita, life expectancy, social support, generosity, and the absence of corruption. India was ranked 140 in the report.


Sustainable Development Solutions Network

It was launched in 2012 to promote practical problems in solving Sustainable Development Goals and Paris Climate Change.


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