The International Solar Alliance (ISA) and the Ministry of External Affairs (MEA), signed the Host Country Agreement. The Agreement will give ISA a juridical personality and gives it power to contract, to acquire and dispose off movable and immovable properties, to institute and defend legal proceedings.
Under this agreement, ISA shall enjoy such privileges, applicable tax concessions and immunities as are necessary for ISA’s Headquarter to independently discharge its function and programmes.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- The International Solar Alliance is an initiative jointly launched by the PM Modi and President of France on 30th November 2015 in Paris, France.
- The ISA became the first international intergovernmental treaty-based organization to be headquartered in India.