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GS 2 India, Russia to build stealth frigates India on Tuesday signed a $500 mn deal with Russia to locally manufacture two stealth frigates with technology transfer. The agreement was signed between Goa Shipyard Limited (GSL) and Rosoboronexport of Russia. Amid institutional decline The issue today is whether a dishonest system can be managed honestly When giants clash The U.S.-China discord at APEC highlights the dangers of their tariff war BASIC nations push for ‘climate finance’ Ahead of the United Nations Conference of Parties (COP) in December, Environment Ministers and top climate change negotiators from Brazil, South Africa, China and India (BASIC) convened in Delhi on Tuesday and said the countries — as a group — would continue to push for developed countries on their earlier commitment to providing $100 billion annually from 2020. GS 3 Farmers badly hit by demonetisation: Agriculture Ministry Millions of farmers in India were unable to buy seeds and fertilisers for their winter crops because of demonetisation, according to a report submitted by the Union Agriculture Ministry to the Parliamentary Standing Committee on Finance. Make it the Indian way Industrial 3D printing has begun to transform manufacturing in Western countries. The 3D printing has not yet entered our everyday lexicon, and even people who have heard of it view it as a toy technology that geeks play with, creating prototypes of robots using small machines that create moulds using materials such as plastic and photosensitive resins. Give and take The Centre and the RBI did well at the board meeting to address each other’s concerns Board committees to assist RBI The Reserve Bank of India (RBI) is set to get a makeover in line with its global counterparts, with several board committees to be formed on various aspects like technology, risk management, banking regulation, supervision, among others, to assist the central bank in its operations.