Here are 2 Back2Basics collections from today’s news items

From news- Narendra Modi to visit Sweden, UK for bilateral talks and two multilateral summits

India-Nordic Summit

1. The first Indo-Nordic summit, focusing on business and investment, is scheduled to take place in Sweden in April 2018
2. The summit is set to attract major investors for the government’s “Make in India” initiative

Commonwealth Heads of Government Meeting (CHOGM)

1. CHOGM is a biennial summit meeting of the heads of government from all Commonwealth nations
2. Every two years the meeting is held in a different member state and is chaired by that nation’s respective Prime Minister or President who becomes the Commonwealth Chair-in-Office until the next meeting
3. The meetings originated with the leaders of the self-governing colonies of the British Empire
4. The First Colonial Conference in 1887 was followed by periodic meetings, known as Imperial Conferences from 1907
5. The majority of the important decisions are held not in the main meetings themselves, but at the informal ‘retreats’

B2B #2: From News- NIIF, Everstone Group in talks to tie up for $500 million fund

Green Growth Equity Fund (GGEF)

1. GGEF, which will invest in renewable energy assets, is a joint venture between NIIF and the UK government
2. It aims to leverage private sector investment from the City of London to invest in green infrastructure projects in India
3. It shall have anchor commitments of GBP 120 million each from Government of India (through NIIF) and Government of UK