4 days ago
The Indian Army has signed a contract to purchase high-altitude drones from ideaForge at a price of US$20 million.
♦ ideaForge is a start-up company founded and incubated by alumni of the Indian Bombay Institute of Technology (IIT-B).
♦ The contract is for a high-altitude variant of SWITCH UAV (Unmanned Aerial Vehicle), which is a local system for surveillance operations.
♦ This marks a strategic shift in India's defence procurement process that focuses on local technologies.
♦ This is an example of how government-funded start-ups can help the country develop. For any Indian drone equipment manufacturer, this is the order with the largest contract value.
Importance of Unmanned Aerial Vehicle:
The Army has ordered an advanced high-altitude version of SWITCH UAV, which is a vertical take-off and landing drone. It is a fixed-wing hybrid unmanned aerial vehicle (UAV). Its functions include:
- Advanced flight time within 15 kilometres.
- It is about 2.6m long, 1.8m wide, and weighs less than 6.5 kg.
- Higher safety and simple operation as well as additional fail-safe redundancy.
- Used for long-term operation in harsh environments, for day and night surveillance in intelligence, surveillance and reconnaissance (ISR) missions.
- The technology used in the photogrammetry-the process of recording, measuring and interpreting photographic images and patterns of electromagnetic radiation images to obtain reliable information about physical objects and the environment.
Other uses of UAV are crowd monitoring, disaster management, precision agriculture, mining, etc.
27 days ago
The Central Ground Water Board (CGWB), the Ministry of Jal Shakti and the Council of Scientific and Industrial Research–National Geophysical Research Institute, recently signed a Memorandum of Agreement (MoA) to use advanced heliborne geophysical survey (via helicopter) and other Scientific studies under the Aquifer Mapping Programs.
♦ Geophysical data is used to provide information about the physical properties of the earth's surface and underground. As a result, geophysical data can help locate hydrocarbons, minerals, aggregates and other natural resources. For example groundwater mapping, mineral mapping
Objectives of the study:
- High-resolution aquifer mapping using heliborne geophysical research (including determining the location of artificial replenishment).
- The main advantages of the Heliborne geophysical survey are that it is fast, data-intensive, accurate and economical.
- Create 3D geophysical models, horizontal and vertical plain geophysical maps.
- Aquifer Geometry of principal aquifer with the demarcation of de-saturated and saturated aquifers.
- Rocks that store groundwater is called aquifers. They are usually composed of gravel, sand, sandstone or limestone.
- The spatial and depth distribution of the ancient channel network (if any) and its connection with the aquifer system.
- A palaeochannel or an ancient channel is a remnant of an inactive river or stream channel filled or buried by younger sediments
- Choose suitable locations for groundwater extraction and water conservation through artificial or managed aquifer recharge.
- The study is likely to generate groundwater data in a short period of time, and improve groundwater levels in water-scarce areas by formulating site-specific plans to help groundwater management.
30 days ago
Indian Army and Bank of Baroda signed a Memorandum of Understanding (MoU) for Baroda Military Salary Package. The MoU was signed by Lt Gen Ravin Khosla, DG(MP&PS) and Shri Vikramaditya Singh Khichi, Executive Director, Bank of Baroda. The MoU lays down the basis on which banking services would be provided by Bank of Baroda to serving and retired personnel of Indian Army.
♦ Services under Baroda Military Salary Package will be offered to serving and retired personnel of Indian Army through the Bank's network of over 8,200 domestic branches and around 20,000 business correspondent touchpoints.
♦ The package will offer very attractive benefits including free Personal Accidental Insurance cover, Permanent Total Disability cover, Partial disability Cover and Air Accident Insurance Cover of sizeable amounts, and Higher Education Cover and Girl Child Marriage Cover on death in case of serving personnel.
♦ Other offers under the package will include unlimited free ATM transactions at all bank ATMs, waivers or concessions on various service charges in retail loans, free remittance facility through RTGS/NEFT, free Demand Draft/Banker's Cheque, substantial discount in locker rentals, and various additional benefits in usage of Cards.
30 days ago
The Government of India (GoI) and the World Bank signed a $500 million project is to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project aims to enhance the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety and green technologies.
♦ As per the projcet agreement, the Green National Highways Corridors Project will support MoRTH to construct 783 km of highways in various geographies by integrating safe and green technology designs such as local and industrial byproducts, marginal materials, and other bioengineering solutions.
♦ The project will help reduce GHG emissions in the construction and maintenance of highways.
♦ The objective of transport infrastructure is to provide seamless connectivity and reduce logistics costs.
♦ The Government of India has launched many investment programs in road sector infrastructure to strengthen and improve logistics performance.
♦ The project will support analytics to map the freight volume and movement pattern on the National Highway network, provide innovative logistics solutions and identify constraints.
♦ The selected stretches in the states of Uttar Pradesh, Andhra Pradesh, Rajasthan and Himachal Pradesh will also help improve connectivity and promote economic development.
32 days ago
The Prime Minister of India & Bangladesh held a virtual summit. The two sides conducted comprehensive discussions on all aspects of bilateral relations and exchanged views on regional and international issues.
MoUs and agreements were signed on:
♦ Cooperation in the field of Hydrocarbon Sector.
♦ India Grant Assistance for Implementing High-Impact Community development projects through Local Bodies and other Public Sector Institutions.
♦ Protocol on Transboundary Elephant Conservation
♦ Provide equipment and improve garbage/solid waste disposal Ground at Lamchori area of Barishal City Corporation.
♦ Cooperation in the field of Agriculture
♦ MoU between the National Museum, New Delhi, India and the Father of the Nation Bangabandhu Sheikh Mujibur Rahman Memorial Museum, Dhaka, Bangladesh
♦ Terms of reference of the Bangladesh - India CEO's Forum
34 days ago
The Cabinet approved an MoU between India and the United States to exchange information in areas of common interest in the electricity sector.
♦ The MoU signed between the Central Electricity Regulatory Commission (CERC) of India and the Federal Energy Regulatory Commission (FERC) of the United States.
♦ The MoU will help to improve the regulatory and policy framework to establish an effective wholesale electricity market and improve grid reliability.
♦ CERC is a statutory body operating under Sec 76 of the Electricity Act 2003.
♦ It was originally established in 1998 under the Electricity Regulatory Commission Act of 1998.
♦ The committee intends to promote competition, efficiency, and economy in the bulk power market, improve supply quality, promote investment, and recommend the government to eliminate institutional barriers to bridge the gap in demand and supply, thereby promoting consumer interests.
Some of the functions of CERC:
♦ Regulate electricity prices for power generation companies owned or controlled by the central government;
♦ Regulate electricity transmission between inter-state.
♦ Determine the electricity price for inter-State transmission of electricity.
♦ Charge fees for the purposes of the Act.
♦ Specify the grid code according to the grid standard;
♦ Specify and implement standards regarding the quality, continuity, and reliability of the licensee’s services;
♦ When necessary, determine the transaction margin in the inter-state power transaction;
♦ CERC also performs some advisory functions, such as formulating National Electricity Policies and Tariff Policies.
35 days ago
The government of India (GOI) signed a loan agreement with the New Development Bank (NDB) for a loan of $1,000 million.
The government of India (GOI) signed a loan agreement with the New Development Bank (NDB) for a loan of $1,000 million for ‘supporting India’s economic recovery from COVID-19’ by supporting expenditures on rural infrastructure related to Natural Resource Management (NRM) and rural employment generation under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
42 days ago
Union cabinet approved the proposal of the Securities and Exchange Board of India (SEBI) to sign a bilateral memorandum of understanding (MOU) SEBI and the Luxembourg Commission de Surveillance du Secteur Financier (CSSF).
♦ The Memorandum of Understanding may strengthen cross-border cooperation in the field of securities supervision and promote mutual assistance.
♦ Contribute to improving the efficiency of the supervisory function and help impart knowledge in technical fields.
♦ Ability to effectively enforce laws and regulations related to the Indian and Luxembourg securities markets.
♦ Like SEBI, CSSF is a co-signer of the International Organization of Securities Commission's Multilateral Memorandum of Understanding (IOSCO MMoU).
♦ The proposed bilateral memorandum of understanding will help to strengthen the information sharing framework for effective enforcement of securities laws, and will also help establish technical assistance programs
♦ The technical assistance program will benefit the authorities through consultations related to capital markets, capacity building activities and staff training programs.
45 days ago
NTPC Ltd. signed a Memorandum of Understanding (MoU) with the Indian Institute of Forest Management (IIFM), Bhopal, an Autonomous Institute that functions under the Ministry of Environment, Forest and Climate Change (MoEF&CC), GoI, to implement the Narmada Landscape Restoration Project. The project aims to establish an incentivization mechanism to maintain sustainable landscape practices in the Narmada basin.
♦ The span of the project will be 4 years as per the MoU.
♦ The project will be implemented in Khargone, Madhya Pradesh, in the catchments of selected tributaries of the River Narmada between Omkareshwar and Maheshwar dams.
♦ IIFM, Bhopal with the grant-in-aid from NTPC Ltd., will be jointly implementing this project with Global Green Growth Institute (GGGI). GGGI is an intergovernmental organization that promotes sustainable and inclusive economic growth in emerging economies.
♦ GGGI will participate in this project with funding support from USAID, the international development arm of the US Government.
♦ This consortium project with the collaboration of NTPC, IIFM, GGGI, USAID will open new vistas that will manage watersheds in the country to maintain water quality and supplement Smart Cities by introducing a smarter way of purification of urban water supplies.
45 days ago
SJVN Limited, a PSU under the Ministry of Power has signed a Memorandum of understanding (MoU) with Indian Renewable Energy Development Agency Ltd. (IREDA), a PSU under the Ministry of New & Renewable Energy. The MoU was signed by Shri Nand Lal Sharma, CMD, SJVN and Shri Pradip Kumar Das, CMD, IREDA in the presence of Shri Akhileshwar Singh, Director (Finance), SJVN, Shri Surinder Pal Bansal, Director (Civil), SJVN, Shri Chintan Shah, Director (Technical), IREDA, and other senior officials
♦ Under this, IREDA will provide its services to SJVN for Green Energy projects. today through virtual mode.
♦ Also, IREDA will undertake Techno-Financial due diligence of Renewable Energy, Energy Efficiency & Conservation Projects for SJVN.
♦ As per the MoU, IREDA will also assist SJVN in developing an action plan to create and acquire Renewable Energy projects for the next 5 years.
♦ SJVN aims to contribute to realizing the renewable energy target of 175 GW by 2022 set by Prime Minister Narendra Modi.
♦ Currently, SJVN is developing a 100 MW Dholera Solar Power Project and 100 MW Raghanseda Solar Power Project in Gujarat.
♦ Both SJVN & IREDA will work together in forming a synergy between both the organization.
♦ The MoU will serve to facilitate knowledge and technology transfer and provide consultancy & research services, which will contribute to driving sustainable development of the country.
49 days ago
Agricultural and Processed Food Products Export Development Authority (APEDA) and National Bank for Agriculture and Rural Development (NABARD) signed an MoU to work together in the field of agriculture and allied sectors to bring better value to the stakeholders.
♦ Under this MoU, it would jointly work towards the capacity development of various stakeholders.
♦ APEDA, NABARD will jointly work towards organizing outreach programs, awareness programs, and workshops for stakeholders.
♦ The MoU enhances farmer's income by doubling the farmers’ income as set out by the Government of India.
♦ The Mou will extend benefit of relevant schemes/other initiatives of NABARD and APEDA for development of Farmers Producer Organization (FPO).
♦ Under this MoU, APEDA will formulate a program in association with NABARD to provide technical know-how to cooperatives/FPOs to the upscale infrastructure created for post-harvest management for APEDA scheduled products to promote exports.
♦ It will jointly identify clusters in various States for scaling up.
♦ APEDA will facilitate exports by the FPOs assisted/promoted by NABARD.
49 days ago
Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry and the United States Patent and Trademark Office (USPTO), Department of Commerce of the USA has signed a Memorandum of Understanding (MoU) on 2 December 2020. The aim is to enhance co-operation in the field of Intellectual Property. The two countries will draw up the Biennial Work Plan to implement the MoU.
♦ Under the MoU, detailed planning to carry out of the co-operation activities including the scope of action.
♦ Union Cabinet approved for signing the MoU with the United States Patent and Trademark Office (USPTO) in the field of IP Cooperation.
♦ The MoU aims to increase IP co-operation between the two countries by facilitating exchange and dissemination of experiences, best practices, and knowledge on IP among the public, and between and among the industry, research and development (R&D) organizations, Universities, and Small and Medium-sized Enterprises through participation in programs and events organized singly or jointly by the Participants.
♦ It also aims for Collaboration in training programs, exchange of experts, technical exchanges and outreach activities.
♦ It also approves the exchange of information and best practices on processes for registration and examination of applications for patents, trademarks, copyrights, geographical indications, and industrial designs, and also the protection, enforcement, and use of IP rights.
♦ It also Cooperates to understand various issues related to traditional knowledge, and the exchange of best practices, including those related to traditional knowledge databases and awareness raising on the use of existing IP systems for the protection of traditional knowledge.
♦ The MoU will also enhance cooperation activities as may be mutually decided by the Participants.
56 days ago
India and Finland signed an MoU to develop cooperation in the field of environmental protection and biodiversity conservation. The MoU was signed virtually by Union Minister of Environment, Forest and Climate Change Shri Prakash Javadekar from the Indian side and Ms. Krista Mikkonen, Minister of the Environment and Climate Change, Government of Finland from the Finnish side
♦ The MoU is signed to further advance Indian and Finnish partnership and support, exchange best practices in areas like prevention of Air and water pollution.
♦ Under the MoU, the countries will work on Waste management, Conservation of Marine and Coastal Resources, Promotion of circular economy, low-carbon solutions, and sustainable management of natural resources including forests, Climate change, etc.
♦ Under the MoU, the two countries will work together towards the fulfillment of commitments made under the Paris Agreement.
♦ It will also strengthen scientific, technological, and management capabilities and develop bilateral cooperation in the field of environmental protection and biodiversity conservation on the basis of equality, reciprocity, and mutual benefit with due respect to the promotion of sustainable development.
61 days ago
The government of India, the government of Meghalaya and the World Bank signed a $120 million project to improve and modernize the transportation sector in Meghalaya.
♦ The project will improve approximately 300 kilometres of strategic road sections and independent bridges through the use of innovative, climate-resilient, nature-based solutions.
♦ It will support innovative solutions, such as precast bridges, to reduce construction time and costs.
♦ MITP will help Meghalaya develop reliable, climate-resistant and safe roads, which are vital to the state’s economic development.
♦ About half of the state's 5,362 residential areas lack transportation links.
♦ The operation will also support the state government's "Restart Meghalaya Mission" to revive and promote development activities affected by the COVID-19 pandemic.
61 days ago
Energy Efficiency Services Limited (EESL), a joint venture between PSU under the Ministry of Power and the Department of New Renewable Energy (DNRE) of Goa City, has signed a memorandum of understanding (MOU)to implement India’s first convergence project in India.
♦ According to the MoU, EESL and DNRE will conduct feasibility studies and subsequently implement decentralized solar projects.
♦ EESL will implement solar projects, including:
- (a)Establish a 100 MW decentralized ground-mounted solar power project on government land for agricultural water pumping.
- (b) Replace approximately 6,300 agricultural pumps with BEE-star energy-saving pumps.
- (c) Distribute approximately 160,000 LED bulbs to rural families.
♦ These projects will speed up the use of renewable energy, especially in the state's agriculture and rural electricity.
63 days ago
The New Development Bank (NDB), headquartered in Shanghai, has approved a US$500 million loan fund for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) project to further improve the public transport system and ease the national capital area. Crowding took a step forward. The Ministry of Urban Affairs, the Ministry of Finance, the National Capital Region Transportation Corporation (NCRTC) and multilateral banks signed loan agreements.
♦ These funds will be used to finance rolling stock, signalling systems, operating structures, operating personnel's residences, train control and telecommunications systems.
♦ The loan term of the China Development Bank is 25 years and the grace period is 8 years. The lack of effective public transportation options and the rapid increase in vehicle traffic have made the National Capital Region one of the most polluted areas in the world.
♦ The Ministry of Finance stated that by 2030, NCR is expected to become the most populous urban area in the world, which will increase the pressure on housing, water supply, electricity and transportation facilities.
♦ The purpose of the express rail project is to establish a high-speed commuter rail network connecting Delhi with adjacent cities. The 82-kilometer Delhi-Ghaziabad-Meerut RRTS will be implemented in phases between cities. The train will reduce the time of travel from Delhi to Meerut from the current 3-4 hours to less than one hour
♦ Funds from the New Development Bank will also be used to purchase signal, telecommunications and train control systems with advanced functions, such as automatic train operation, automatic train protection, automatic train supervision and integration with platform screen doors.
♦ The project can serve as a demonstration of the development of high-capacity rapid urban transport corridors in other urban areas of India.
64 days ago
Japan and Australia signed a landmark defence agreement (Reciprocal Visit Agreement - RAA) to counter the growth of China's influence in the South China Sea and the entire Pacific island nations.
♦ The Reciprocal Visit Agreement (RAA) was reached a few weeks after the foreign ministers of the Quartet Alliance, including the United States and India, met in Tokyo.
♦ The agreement allows the Japanese and Australian troops to visit each other’s countries and conduct training and joint operations.
♦ The Prime Minister of Australia said the treaty would strengthen the security relationship between the two countries and promote cooperation between the Defence Forces.
♦ The two sides also agreed that a framework was needed to allow the Japanese army to protect the Australian military when needed.
72 days ago
India and Maldives have concurred more than four MOUs during the visit of India's Foreign Secretary Harsh Vardhan Shringla to the Maldives. The four MOUs were finished paperwork for collaboration in sports and youth issues; availability venture, the setting of plant and soil testing labs.
♦ One of the four MoUs was finished paperwork for the award of $100 million by India for the Greater Male Connectivity Project (GMCP). This task will interface Maldives capital Male with three islands. The absolute expense of this ♦ GMCP venture is $500 million. Rest $400 million for the task will likewise be given by India. This understanding was marked with the Foreign Minister of Maldives, Abdulla Shahid.
♦ The subsequent understanding marked between the two nations is to set up a plant and soil testing research facility with an award of 1.71 million Maldivian rufiyaas.
♦ The third arrangement has been finished paperwork for the foundation of a medication detox office with another award of 7.7 million Maldivian rufiyaas.
♦ The fourth MOU was marked to expand participation in the field of sports and youth issues between both the nations.
♦ Maldives is the 6th nation visited by the secretary after the limitations because of COVID-19. Unforgiving Vardhan Shringla was on a 2-day visit to Maldives.
♦ Other five nations visited by Shringla after COVID-19 are-the UK, Myanmar, Bangladesh, France and Germany. Shringla and Maldives Foreign Secretary additionally had discusses the monetary recuperation after the effect of pandemic, accelerating the execution of the continuous collaboration ventures, advancing the travel industry, and so forth
♦ These MOUs will assist with improving the relations between the two nations. Maldives the travel industry has been significantly influenced by COVID-19 and in view of this India gave an advance of $250 million to the nation in September 2020.
♦ The Indian unfamiliar secretary valued the "India First" strategy of Maldives and furthermore said that it is unequivocally responded by India through "Neighborhood first" arrangement.
83 days ago
The Union Cabinet approved the signing of the Memorandum of Understanding (MoU) between India and Cambodia on cooperation in the field of health and medicine on October 29, 2020.
♦ The MoU will make cooperation strong between the two countries through joint initiatives and technology development in the health sector.
♦ The pact will become effective on the date of its signature and will remain in force for a period of five years.
♦ The main areas of cooperation between India and Cambodia include -- mother and child health, family planning, HIV/AIDS and TB, drugs and pharmaceuticals, technology transfer, public health and epidemiology, disease control (communicable and non-communicable) and medical research.
♦ It also includes development-subject to the approval of the National Ethics Committee of Cambodia and the clearance by concerned department/Ministry in India, medical education, health human resources development in the field of public health, training in clinical, para-clinical and management skills.
83 days ago
Cabinet approves Memorandum of Cooperation between India and Japan on cooperation in the field of information and communication technologies (ICTs).
♦ The Memorandum of Cooperation (MoC) is expected to contribute to strengthening bilateral cooperation and mutual understanding in the field of communications
♦ Moc will serve as a strategic initiative for India as Japan is an important partner with “Special Strategic and Global Partnership” status.
♦ The MoC will further enhance opportunities for India to get into the global standardization process.
♦ The MoC will help in cooperation between both countries in various fields like 5G network, telecom security, submarine cable, standard certification of communication equipment, utilization of latest wireless technologies and ICTs, ♦ ICTs capacity building, public protection and disaster relief, artificial intelligence (AI)/block chain, spectrum chain, spectrum management, cooperation on multilateral platforms, etc.
84 days ago
The United Kingdom(UK) has entered into a strategic partnership to develop India’s GIFT City. GIFT - Gujarat International Finance Tec-City is India’s first international financial services centre. It is located in Gandhinagar of Gujarat.
♦ India and the U.K. also signed off on a new infrastructure finance and policy partnership to support India execute its National Infrastructure Pipeline that envisages investments worth $1.4 trillion.
♦ The UK has agreed to set up a new Fund of Funds to be managed by the State Bank of India (SBI) group to route the U.K.'s future capital investments into India. It provides an opportunity to drive international capital flow from London to India.
♦ India is now the second-largest project investment source for the U.K. Bilateral trade between India, and the U.K. stood at £24 billion in 2019.
♦ The U.K. and India announced a joint investment of £8 million for research to understand and address the factors leading to the severity of the novel coronavirus in South Asian populations in the U.K. and India.
♦ To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion over these years on infrastructure. To implement an infrastructure program of this scale, the government has envisaged the National Infrastructure Pipeline (NIP).
♦ In April 2020, the Task Force on National Infrastructure Pipeline submitted its Final Report on NIP for the Financial year 2019-25.
86 days ago
Department of Posts, Government of India - India Post and United States Postal Service - USPS have signed an agreement for Electronic Exchange of Customs data related to postal shipments exchanged between the two countries.
♦The agreement signed will allow to transmit and receive electronic data of international postal items prior to their physical arrival at the destination and would enable customs clearance of postal items in advance in line with the evolving global postal framework.
♦The agreement will also improve the performance of postal services in terms of reliability, visibility and security.
♦The USA is the top export destination for India which is also reflected in the exchange of goods through the postal channel.
♦In 2019, around 20% of outbound EMS and 30% of Letters & Small Packets transmitted by India Post were destined to the USA whereas 60% of the Parcels received by India Post were originated from the USA.
♦Exchange of Electronic Advance Data (EAD) as per the Agreement will be a key driver towards promoting mutual trade with emphasis on the exports from different parts of India to the USA.
♦The primary objective that will be served by this agreement is to facilitate ‘ease of exports’ for small and large exporters through postal channels from different parts of the country and will contribute towards making India an Export Hub for the world.
90 days ago
IIT Kharagpur has developed novel Industry 4.0 technology for remotely controlled factory operations and real-time quality correction during industrial production, jointly with TCS to set a new trend in India’s advanced manufacturing sector.
♦ The present innovation upgraded the industrial process of friction stir welding to a multi-sensory system of Industry 4.0. This will make possible for industrial houses to achieve standardized quality goals throughout the production process and reduce rejection hence lowering the cost of production.
♦ The innovative technology developed by Prof. Surjya K Pal, Professor in-charge at the Centre of Excellence in Advanced Manufacturing Technology in association with TCS will acquire real-time information about the welding process through multiple sensors and enable online control of weld quality by means of cloud-based communication with the friction stir welding machine.
♦ This technology is connected with a vast experimental knowledge base to conform to a standard system and prediction of the weld joint strength. Any defect identified during the monitoring procedure is corrected in real-time by sending modified parameters to the machine thus ensuring standardized quality of the process.
♦ The concept of this technology can further be evolved for real-time control of other industrial processes and such work will be carried at the Centre with other industrial partners soon.
The Industry partner TCS views such an innovation has helped to give a direction as an enabler of technology-based transformations in the country, especially in overcoming challenges called out by the pandemic.
91 days ago
Microsoft is joining hands with the SpaceX which is led by Elon Musk( billionaire entrepreneur). This is being done to target space customers.
♦ SpaceX-Starlinkwill has partnership and provides high-speed and low latency satellite broadband for Microsoft's Azure Modular Datacenter.
♦ With this partnership, Microsoft aims to make the Azure a platform and ecosystem of choice.
♦ Microsoft wants the platform to be looked upon for the mission needs of the space community.
♦ Microsoft has brought together a team of space industry veterans to work alongside its product engineers and scientists.
♦ They will be building the cloud capabilities that will suit the needs of space exploration.
♦ Their innovation areas include space missions, to discover insights from satellite data and to fuel innovation both on the ground as well as in orbit.
♦ After the space missions coupled with Azure’s high-performance computing, machine learning and data analytics abilities, the satellites will then open new opportunities for both public and private sector organizations.
Significance of SpaceX
SpaceX is well known for its reusable rockets and astronaut capsules. SpaceX is doing up the satellite production for Starlink. SpaceX recently won a contract to build missile-tracking satellites for the Pentagon. It is the first government contract for SpaceX to build satellites.
92 days ago
In recent weeks, Cabinet has approved various proposals, MoUs and agreements. The Union Cabinet chaired by the PM Narendra Modi approved the following:
MoU between India and Nigeria on Cooperation in the Exploration and uses of outer space for peaceful purposes:
Prime Minister, Shri Narendra Modi was apprised of a Memorandum of Understanding (MoU) signed between India and Nigeria on Cooperation in the Exploration and used of outer space for peaceful purposes. MoU has been signed between Indian Space Research Organisation (ISRO) of India at Bengaluru in June, 2020 and by National Space Research and Development Agency (NASRDA) of Nigeria at Abuja on August 13, 2020.
This MoU shall enable potential interest areas of cooperation such as, Remote sensing of the earth; satellite communication and satellite-based navigation; Space science end planetary Exploration; Use of spacecraft, launch vehicles, space systems and ground systems; Practical applications of space technology including geospatial tools and techniques; and Other areas of cooperation to be' determined by the Signatories.
Extension of the Market Intervention Scheme for procurement of apples in Jammu and Kashmir for the year 2020-21:
The Union Cabinet, approved the extension of MIS - Market Intervention Scheme for apple procurement in Jammu and Kashmir (J&K) for the current season also, i.e. 2020-21 on the same terms and condition as was done in J&K during last season, i.e. 2019-20.
Central Procuring Agency will do the procurement of apple, i.e. National Agricultural Cooperative Marketing Federation Ltd. (NAFED) through State Designated Agency, i.e. Directorate of Planning and Marketing, Department of Horticulture & Jammu & Kashmir Horticulture Processing and Marketing Corporation (JKHPMC), directly from apple farmers of J&K and the payment will be done through Direct Benefit Transfer (DBT) into Bank account of apple farmers.
MoU between ICAI and CPAs, Papua New Guinea:
Memorandum of Understanding (MoU) signed between the Institute of Chartered Accountants of India (ICAI) and the Certified Practising Accountants, Papua New Guinea, to work together in capacity building and strengthening the Accounting, Financial and Audit Knowledge base in Papua New Guinea.
Productivity Linked Bonus (PLB) and non-Productivity Linked Bonus for 2019-2020:
Union Cabinet chaired by PM Modi has given the approval to pay Productivity Linked Bonus (PLB) for the year 2019-2020 to 16.97 lakh non-gazetted employees of commercial establishments like Railways, Posts, Defence, etc. will be benefitted and the financial implication would be Rs.2,791 crore. Non-PLB or ad-hoc Bonus is given to Non-Gazetted Central Government employees. 13.70 lakh employees would be helped, and Rs.946 crore will be the financial implication for the same.
Mutual recognition pact between India's ICAI and Malaysia's MICPA:
Union Cabinet chaired by PM Modi approved the mutual recognition agreement between the Institute of Chartered Accountants of India (ICAI) and Malaysian Institute of Certified Public Accountants (MICPA). This would enable appropriately qualified chartered accountant members of either institute to join the other by receiving appropriate credit for their existing accountancy qualification.
97 days ago
The Parliament of Israel, approved the historic normalization deal or the peace deal called as the Abraham Accord with the United Arab Emirates (UAE) on October 15, 2020. Israeli Parliament initially signed the agreement in Washington on September 15, 2020.
♦ Eighty were voted in favour of the deal while 13 were opposed it.
♦ Israeli Prime Minister Benjamin Netanyahu called for peace with Lebanon which is Israel's neighbour in the north.
♦ The UAE and Bahrain became the first Gulf countries to agree upon the formulation of official relations with Israel.
♦ The two countries had recently launched US-led negotiations to end the dispute over their maritime border.
♦ Earlier, two Arab countries, namely Egypt and Jordan, had signed peace agreements with Israel.
Israel-UAE peace deal:
Under the Abraham Accord, the United Arab Emirates will establish diplomatic relations with Israel. While in return PM Benjamin Netanyahu has committed to giving up a plan to annex the West Bank. West bank is the main disputed territory that Palestine wants. Israel and the United Arab Emirates would also be finalizing the bilateral ties covering the areas of investment, tourism, the establishment of direct flights, energy, security, telecommunications, healthcare, technology, cultural exchange, environmental issues, and the establishment of embassies.
98 days ago
Indian Institute of Technology (IIT) Guwahati has signed a Memorandum of Understanding (MoU) with the Centre for Development of Advanced Computing (C-DAC). The aim is to establish Rs. 17 crore worth of 650TF Supercomputing Facility under the National Supercomputing Mission (NSM). The MoU was signed by C-DAC Director General Hemant Darbari and IIT-G Director T G Sitharam during a virtual event in the presence of Union ministers.of State for Education, Communications and Electronics & Information Technology.
♦ The MoU has been signed for a period of 5 years.
♦ IIT stated that using the Supercomputing facility, the Institute will focus on quantum turbulence, instabilities and turbulence in thermal convection and MHD, supercooled liquid and glasses; reactivity of high-valent metal intermediates; computational study of polymer-composites, membranes, poly electrolytes, granular flows; NLP, clinical text mining, Machine Learning and its application in computational biology, Deep Learning; and Computational Social Systems areas of research
♦ The new supercomputer with 650 TFLOPS will be more powerful and a technologically superior facility. It will play an important role in the field of scientific and engineering applications.
♦ The Communication Centre and IIT-G’s Computer is already equipped with ‘Param Ishan’, a ‘250 TF’ supercomputer.
♦ Under the MoU the institute will organise training courses to popularise the use and applications of supercomputers in the northeastern region.
♦ This facility with the new inter-disciplinary master programme on data sciences was jointly initiated by the Departments of Electronics and Electrical Engineering (EEE), Computer Science and Engineering and Mathematics·
♦ The supercomputing facility will be a part of the National Supercomputing Mission (NSM).
What is super computer?
A supercomputer has a very high speed in its operation. This computer has higher memory. The computing system can perform assigned tasks including multiple tasks at very high speeds than any other normal personal computer (PC) and in many cases are able to operate at speeds that are millions of times faster than ordinary PCs.
114 days ago
The policy think tank of the Government of India, NITI Aayog and Embassy of the Netherlands, New Delhi, signed a Statement of Intent (SoI) on 28 September 2020. The aim is to support the decarbonization and energy transition agenda for accommodating cleaner and more energy.
♦ The agreement aims for a strategic partnership to create a platform which will enable a comprehensive collaboration among stakeholders and influencers, including industry bodies, policymakers, Original equipment manufacturer (OEMs), private enterprises, and sector experts.
♦ The partnership focuses on co-creating innovative technological solutions by leveraging the expertise of the two entities.
♦ It will be achieved through an exchange of knowledge and collaborative activities.
♦ Key elements include:
i) lowering the net carbon footprint in industrial and transport sectors
ii) realise the target potential of natural gas and promote bio-energy technologies
iii) adopt clean air technologies from monitoring to reducing actual particulates
iv) adopt next-generation technologies, such as hydrogen, carbon capture utilization, and storage for sectoral energy efficiency
v) financial frameworks to deliver and adopt climate change finance
♦ The SoI will enhance Indo-Dutch collaboration, and it will successfully work towards achieving the decarbonization and energy transition agenda.
116 days ago
Prime Minister Narendra Modi and his Danish counterpart Mette Frederiksen held a virtual summit on 28 September. The aim is to strengthen the bilateral relations between the two countries.
♦ The leaders signed an MoU in the field of intellectual property cooperation between the two countries.
♦ The virtual bilateral summit provided an opportunity for the two leaders to comprehensively review the broad framework of the bilateral relationship between the two countries
♦ The summit gave broad political direction for a strengthened and deepened collaborative partnership on key issues of mutual interest.
♦ A major outcome of teh summit is joining of the International Solar Alliance (ISA) by Denmark.
122 days ago
Ministry of AYUSH signed MoU with the Ministry of Women and Child Development in New Delhi. The MoU is aimed to control Malnutrition as a part of POSHAN Abhiyaan.
♦ The MoU aims time-tested and scientifically proven Ayush-based solutions being adopted for controlling malnutrition in the country.
♦ The MoU is aimed to tackle the problem of malnutrition in mothers and children in the country.
♦ Centre aims to establish Nutri-gardens and medicinal gardens in every Anganwadi in near future.
♦ The MoU will enable co-operation between the Ministries in identified areas including Integration of AYUSH into POSHAN Abhiyaan and Control of malnutrition through the principles and practices of Ayurveda, Yoga and other Ayush systems.
The collaboration will do the following activities:
♦ At Anganwadi Centres:
Visit of AYUSH workforce to Anganwadi Centre once in a month with Anganwadi workers in coordination with State health Authorities, Department of WCD
Development of PoshanVatika
♦ For AYUSH Nutritional Care
Generate baseline data in the nutritional status of the targeted population
Create Provision of Telemedicine, AYUSH call centres/ helpline through Common Service Centres
Customize region-specific nutrition
Prepare proper documentation of all efforts for scientific evaluation
♦ Raise awareness among the community about the traditional indigenous food items.
♦ Introduce the concept of nutrition based on Ayurveda and other AYUSH systems
♦ The Anganwadi worker who provides the Ayurveda nutrition message to the community at ground level may be designated as DHATRI (Dedicated Health Activist to Replenish the Innutrition).
♦ The two Ministries have is set to launch the hashtag #Ayush4Anganwadi for generating awareness about the activities on the digital media.
122 days ago
Fertilisers and Chemicals Travancore Limited (FACT), a PSU under the Ministry of Chemicals and Fertilizers, signed a Memorandum of Understanding (MoU) with Government Industrial Training Institute (ITI) Kalamassery to improve industry institute interaction. The Executive Director (Production Co-ordination) of FACT Sri Kesavan Nampoothiri and Principal of ITI Kalamassery Sri Raghunadhan signed the MoU agreement.
♦ The MoU aims to implement anthe adoption programme to share training facilities and facilitate academic interaction between ITI students and FACT employees.
♦ The MoU will enhance exchange knowledge, conduct factory visits, enable experts from FACT to impart training, organize joint projects, participate in research, provide on-the-job training in FACT, mutually intimate courses, seminars, workshops, etc.
125 days ago
Niti Aayog has partnered with the Indian School of Public Policy (ISPP) for mentoring, training, and capacity building of government officials and public policy scholars. A statement of intent (SOI) was signed between the Development Monitoring and Evaluation Office (DMEO) of the NITI Aayog and the ISPP regarding this.
♦ The partnership aims to build collaboration for faster intermediation of knowledge and use within the public system.
♦ Under the partnership, communications, and outreach, evidence building exercises, organizing joint conferences, and podcast series will be conducted. The ISPP scholars will interact and interview the DMEO and Niti Aayog's experts on current policy issues, evaluations, and perspectives during all the activities and conferences.
♦ Also, Live projects for ISPP scholars, internships, exchange of experts between DMEO and ISPP will be explored.
133 days ago
India and Japan signed an agreement concerning Reciprocal Provision of Supplies and Services between the Armed Forces of India and The Self-Defense Forces of Japan. The agreement was signed by Ambassador of Japan Mr. Suzuki Satoshi and Defence Secretary Dr. Ajay Kumar.
♦ The agreement between India, Japan will establish the enabling framework for closer cooperation between the Armed Forces of India and Japan in the reciprocal provision of supplies and services.
♦ Under the agreement, both the countries will get engaged in bilateral training activities, United Nations Peacekeeping Operations, Humanitarian International Relief, and other mutually agreed activities.
♦ The agreement will enhance the interoperability between the Armed Force of India and Japan. It will further increase the bilateral defence engagements under the Special Strategic & Global Partnership between the two countries.
136 days ago
The Asian Development Bank (ADB) and the Government of India (GoI) signed a $500 million loan on 8 September. The first tranche of a total $1 billion facility will be used to build a modern, high-speed 82 Km Delhi-Meerut Regional Rapid Transit System (RRTS) corridor. It will improve regional connectivity and mobility in India’s national capital region (NCR).
♦ The first tranche loan will support the construction of the first of three priority rail corridors planned under the NCR Regional Plan 2021 to connect Delhi to other cities in adjoining states.
♦ The project is aimed to provide better connectivity to allow other towns in the NCR to develop as urban economic centers surrounded by residential areas while easing the concentration pressure on Delhi.
♦ The corridor will have a huge demonstration effect and pave the way for a paradigm shift in mobility and the pattern of urban development within the region.
♦ The project will have a transformational impact on the development trajectory of the NCR by introducing high-level technologies for RRTS, signaling, and station designs.
♦ The project will support transit-oriented development (TOD) with systematic urban and land use planning around the RRTS corridor while promoting value capture financing (VCF) to generate additional municipal revenues.
137 days ago
Atal Innovation Mission (AIM), NITI Aayog, has partnered with Freshworks Inc., a customer-engagement software company, with an aim to provide robust support to innovators and entrepreneurs in India. It also aims to increase the efficiency of several institutions and startups in the AIM portfolio. It also aims to foster innovation and entrepreneurship among startup innovators.
♦ Under the partnership, Freshworks will provide credits for its suite of products to AIM and its beneficiaries. It aims to empower startups to function efficiently while keeping a tab on costs in related activities.
♦ The credits will be related to Freshdesk-Customer Support Software, Freshchat-Customer Messaging Software, Freshsales-Sales CRM Software, Fresh Release-Agile Project Management Software, Freshmarketer-Marketing Automation Software, Freshcaller-Cloud Telephony Software, Freshteam-HR Management Software, Freshservice-and IT service management software.
♦ Freshworks will provide support including in the functional training in sales, marketing, resources and mentorship to startups and customer support use of cloud technology for providing better customer experiences.
♦ AIM will organize various webinars including workshops, training of modules and other relevant topics.
♦ The move will support the efforts of SME/MSME and startups with the right tools and guidance required so they can provide great experiences.
♦ It will also improve the effectiveness and sustainability of the startup world across the country.
Freshworks Inc. is a cloud-based software as a service (SaaS) company. The company provides innovative customer-engagement software for businesses of all sizes, making it easy for teams to acquire, close, and keep their customers for life. The company provides a 360-degree view of the customer.
147 days ago
The Association of Indian Football Coaches (AIFC) signed a Memorandum of Understanding (MoU) with Football Coaches Australia (FCA) for the development of football in India and Australia. The aim is to promote enrollment of female coaches and make football more accessible for all participants.
♦ Under this MoU, standard contracts for the coaches with the country will be introduced. This will inturn provide the minimum employment conditions and structured and resourced process for termination of employment.
♦ The two firm will look to encourage the involvement of more female coaches and increase access to football for all participants.
♦ The move aims to use the opportunities for both parties to collectively advance professional development, cultural, employment, and commercial opportunities for football coaches.
150 days ago
Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, has signed Memorandum of understanding (MoUs) with AFC India Limited, and National Cooperative Union of India (NCUI), Delhi. The MoU aims to utilise their expertise by mutually working together to synergize the activities in the interest of agriculture and allied sectors for bringing better value to the stakeholders.
♦ Under the MoU, AFC India Ltd. will identify and introduce the critical technology intervention requirement for organic production systems and chemical/ residue-free production system.
♦ It will maintain and enhance the present per unit area production level of the different Crops / Fruits & Vegetables.
♦ AFC will support the development of the Common Processing Centers as per the guidelines of APEDA with international market requirements.
♦ AFC will support the entire value chain system until the clusters and value chain becomes self-sufficient in the shortest possible time.
♦ AFC will undertake the ground level implementation of all the activities under export-oriented clusters notified under Agri Export Policy and other clusters recommended by APEDA in project mode by seeking the presently available subsidies through different Central Sectors and State sponsored programmes.
♦ APEDA shall encourage AFC for developing Pre-Production, Production, Post Harvesting, Primary Processing, Secondary Processing, and transportation/ distribution guidelines for all the stakeholders (including farmers) to meet international compliance.
♦ AFC will work for the development of cluster identified by APEDA for implementation of various projects in the entire value chain dovetailing and converging schemes of various line Ministries.
150 days ago
Government of India, Maharashtra State Government, Mumbai Railway Vikas Corporation and the Asian Infrastructure Investment Bank (AIIB) signed a loan agreement for a $500 million Mumbai Urban Transport Project-III. The aim of the MoU is to improve the network capacity, service quality and safety of the suburban railway system in Mumbai.
♦ The Mumbai Urban Transport Project-III will benefit 22% of the female passengers from improved safety and the quality of the service.
♦ It will also provide direct safety benefits to the public and the passengers through the introduction of trespass control measures.
♦ The project is expected to assist the improvement of service quality, mobility, and safety of passengers of the sub-urban railway system of Mumbai.
♦ The project will be more reliable, and higher quality of transport services as compared to road-based transport.
♦ The move comes to provide easy transportation in the highly populated region. Mumbai Metropolitan Region (MMR), has a population of 22.8 million (based on 2011 data), is the most populous metropolitan region in India. The population is expected to reach 29.3 million by 2031 and 32.1 million by 2041.
150 days ago
Chamber of Marathwada Industries and Agriculture (CMIA) partnered with United Nations Development Programme (UNDP) on 24 August to set up help desk for MSMEs amid Covid-19. The partnership aims to establish Covid-19 help desk in order to facilitate Micro, Small and Medium Enterprises (MSMEs). The help desk will be active till January 2021.
Covid-19 help desk:
♦ The Covid-19 help desk will provide various information on government safety guidelines, regulatory norms and government Covid-19 response schemes and support measures.
♦ It will provide support to MSMEs through in-person and phone consultation. It will offer advisory services on scaling operations and bridging the skill gap. It will also facilitate linkages to financial institutions and government departments.
♦ The helpdesk will facilitate the recruitment of skilled workforce requirements as per the demand by MSMEs along with state skill development missions and other relevant government departments/support agencies.
♦ It will host regular webinars, consultation and interactive sessions for MSMEs to address and alleviate the Covid-19 related business challenges, clarify their queries, promotion of the business, financial guidance with necessary linkage to get support from the government and other stakeholders.
♦ MSMEs are directed to contact CMIA for their relevant jobs and apprenticeship opportunities available with the industries with skill requirements, location, qualification, experience etc and challenges faced by MSMEs.
154 days ago
The Union Minister of State for Tourism (IC), Shri Prahlad Singh Patel, a formal Memorandum of Understanding (MOU) was virtually signed today by the Travel Agents Association of India (TAAI) and FICCI Ladies Organisation (FLO) with the Ministry of Tourism for women empowerment.
♦ The MoU gives us an opportunity to increase participation of women in the tourism sector.
♦ It will make them an integral part of the tourism workforce of the country.
♦ The initiative by FLO and TAAI will lay emphasis on personal and hospitality skills, a more flexible work balance and greater options for entrepreneurship with significantly lower capital.
♦ The MoU provision will create awareness, along with state tourism departments and state tourism corporations. It will also highlight the vital role, the tourism industry can play as a model for sustainable livelihood for women and ensure their economic upliftment.
♦ The initiative encourages travel to at least 15 destinations within the country under the DekhoApnaDesh initiative. This will be a mandate for FLO's & TAAI's membership base of over 8000 women and their family support systems.
♦ It will also conduct community-based tourism activities around one Iconic Monument or Tourist Landmark in each state. Women will be the tour guides, run food stalls, souvenir stalls with their own arts & crafts, handle the overall accounts and running of the landmark.
♦ FLO and TAAI are expected to raise awareness on Sustainable Tourism practices and focus on Tourism as a vital sustainable livelihood tool for women's empowerment, by way of advocacy and awareness, educational workshops, seminars and panel discussions.
♦ It encourages tie up with training agencies for Tourism workshops for training women about concepts on food safety, health & hygiene, sanitation, environment, culinary skills and entrepreneurship skills.
♦ It will encourage the women to be engaged about the "Atithidevo bhava" motto through sensitisation workshops.
♦ The MoU will create community-driven and women-led initiatives for rural and urban homestays to provide livelihood opportunities for women.
♦ It will also create awareness about the Incredible India Tourist Facilitator (IITF) Certification Programme.
171 days ago
Department of Defence (DoD) Ministry of Defence (MoD), Department of Administrative Reforms & Public Grievances (DARPG), and Indian Institute of Technology, Kanpur (IITK) signed a tripartite Memorandum of Understanding (MoU) on 4th August 2020. The MoU aims to conduct predictive analysis of public grievances.
♦ Under the MoU, IIT-Kanpur will develop Artificial Intelligence (AI) and Machine Learning (ML) Techniques to conduct exploratory and predictive analysis of Public Grievances received on the web-based Centralized Public Grievances Redress & Monitoring System (CPGRAMS) pertaining to the MoD.
♦ The DARPG will provide the data dump on the Public Grievances pertaining to MoD to IIT-Kanpur to facilitate their analysis. DARPG is the nodal Department of Government of India in respect of policy initiatives on Public Grievances and custodian of data on web-based CPGRAMS portal.
♦ The project is aimed to help the MoD to identify the cause and nature of grievances and bring about systemic changes and policy interventions wherever required.
174 days ago
The Khadi and Village Industries Commission (KVIC) signed a Memorandum of Understanding (MoU) with Indo-Tibetan Border Police (ITBP) to supply mustard oil on 31st July 2020. The move is in line with “Aatmanirbhar.” The MoU was signed by Shri VK Nagar, Director, KVIC and Shri Rama Kant Sharma, DIG, ITBP in presence of KVIC Chairman, Shri Vinai Kumar Saxena.
♦ The KVIC and ITBP have signed the MoU for a period of one year and it will be renewed further.
♦ The next products in the pipeline are cotton mats (dari), blankets, bedsheets, pillow covers, pickles, honey, papad, and cosmetics, etc. The total value of oil and dari will be approximately Rs.18 crore.
♦ The move By GoI is to encourage local products in a bid to support the “Aatmanirbhar Bharat Abhiyan” initiated by the Prime Minister Shri Narendra Modi.
♦ GoI also made it mandatory to sell only “Swadeshi” products through the Central Armed Police Forces (CAPF) canteens across India.
♦ ITBP is the nodal agency appointed by MHA for the procurement of provisions on behalf of all paramilitary forces.
♦ The ITBP is expected to place an order for a supply of 1200 quintals of high quality kacchi ghani mustard oil which will be supplied by KVIC through its Prime Ministers Employment Generation Programme (PMEGP) units in a month’s time.
♦ The MoU aims to provide the best quality oil to the jawans guarding our borders, that too, on time will be our top priority.
♦ KVIC recently supplied products like honey, pickles, edible oils, agarbatti, papad, amla candy, and cotton towels, etc. to CAPF canteens on trial basis.
♦ Also, 63 new products are being prepared for adding in the supply basket.
175 days ago
Council of Scientific & Industrial Research (CSIR), Unnat Bharat Abhiyan-Indian Institute of Technology, Delhi (UBA-IITD), and Vijnana Bharati (VIBHA) has signed a tripartite Memorandum of Understanding (MoU) in New Delhi. Under the MoU, it is expected to lay the foundation for cooperation and joint action in the area of UBA for rural development of India.
♦ The MoU aims to provide access to CSIR rural technologies for Unnat Bharat Abhiyan (UBA).
♦ It is expected that the adoption of CSIR technologies and related knowledge base are in tune with the people's aspirations in furtherance of initiatives such as UBA and VIBHA.
♦ UBA is a national program that functions under the Ministry of Human Resource Development (MHRD) envisioning the transformational change in rural development processes by leveraging knowledge institutions to help build the architecture of an inclusive India.
♦ The MoU is needed as an adequate structural network is essential for effective implementation of UBA nationwide.
♦ The MoU will enhance collaboration among the concerned ministries, district administration, local Panchayat Raj Institutes (PRIs), voluntary organizations, other stakeholders, and participating institutions in Unnat Bharat Abhiyan.
♦ The MoU will pave the way for effective coordination between CSIR, IIT Delhi, and Vijnana Bharati (Vibha) towards meeting the objectives of the Unnat Bharat Abhiyan.
176 days ago
Power Finance Corporation (PFC), a PSU under the Ministry of Power signed an MoA with the Indian Institute of Technology- Kanpur (IIT-K). The agreement aims to support Training, Research, and Entrepreneurship Development in Smart Grid Technology. The agreement was signed by Shri M Prabhakar Das, Chief General Manager (CSR&SD), PFC, and Prof. Jayant Kumar Singh, Dean Resource and Alumni on a virtual platform.
♦ Under the MoA, PFC will provide financial assistance of Rs.2,38,97,000 to IIT-K under its CSR initiative.
♦ The main objective of the pact is to provide support to IIT-K in developing infrastructure for research and development on smart grid technology.
♦ Under this project, IIT-K will provide training on smart grid technology to 90 participants. It will als provide fellowship to 9 selected candidates for the development of ideas on Smart Grid Technology.
The participants will be assisted by the Start-up Innovation and Incubation Centre (SIIC) of IIT-K and will take up entrepreneurial activities.
176 days ago
The Union Cabinet headed by Prime Minister Narendra Modi approved the Memorandum of Understanding (MoU) signed between India and Zimbabwe on on 3 November 2018. The MoU was to enhance cooperation in the field of Traditional Systems of Medicine and Homeopathy.
♦ The MoU will provide a framework for the cooperation between the two countries for the promotion of traditional systems of medicine and homeopathy.
♦ The MoU will benefit both the countries in the field of Traditional Medicine. The aim is to strengthen, promote and develop co-operation in the field of traditional systems of medicine between the two countries on the basis of equality and mutual benefit.
♦ The MoU identifies the following areas of cooperation:
♦ The supply of all the medicine materials and documents necessary for demonstration and reference to achieve the objectives specified within the framework of the MoU
♦ It will promote the regulation of teaching, practice, drugs, and drugless therapies
♦ It promotes exchange of experts for the training of practitioners, scientists, paramedics, teaching professionals, and also students. It will also include accommodation for them.
♦ Under this MoU, the countries will mutually recognize systems of medicines, Pharmacopoeias and Formularies
♦ Provision of Scholarships for education in recognized Institutions
♦ Recognition of traditional preparations on a reciprocal basis by the qualified practitioners as per the existing laws of the respective Countries
♦ Permission to practice on a reciprocal basis by the qualified practitioners as per the existing laws of the respective Countries
♦ Any other areas and/or forms of cooperation mutually agreed upon subsequently by the Parties.
181 days ago
Tribal Cooperative Marketing Development Federation of India (TRIFED) has entered into a partnership with IIT-Delhi (on behalf of the UBA, as the National Coordinating Institute) and Vijnana Bharati (VIBHA, a Swadeshi Science Movement) at IIT, Delhi for the Unnat Bharat Abhiyan (UBA), a flagship national programme of Ministry of Human Resource Development (MHRD) , Government of India (GoI).
♦ The MoU will Introduce Tribals to Newer Processing Technologies, Product Innovation, Mentorship and Transformational Digital Systems.
♦ Over 2600 Institutions will partner with TRIFED for Skilling Tribals for Livelihoods
♦ The collaboration aims to promote Tribal Livelihoods and Income generating programmes among the concerned Ministries, District Administration, local Panchayat Raj Institutes (PRIs), Voluntary Organisations, other stakeholders, and the other participating institutions.
♦ The partnership can help promote enhancing livelihoods through the Van Dhan Vikas Kendras established under the Van Dhan Yojana.
♦ Under the Mou, the tribal forest dwellers who are engaged in Minor Forest Produces will get an exposure to newer processing technologies, product innovation, mentorship, transformational digital systems and handholding.
♦ The MoU will pave ways for the best of brains in the country to attend to the problems of sustainable tribal livelihoods.
183 days ago
India and Maldives have signed an agreement for the establishment of ‘Emergency Medical Services’ in Male, Maldives. This service is one of the several small and medium projects that are being financed by India under grant assistance of around $20 million to the Maldives.
♦ The emergency medical service unit will enhance timely access to quality emergency care.
♦ The Emergency Medical Services will increase collaboration between disaster response agencies and healthcare facilities, especially during critical times of need in the country.
184 days ago
Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) signed a Memorandum of Understanding (MoU) on 21 July 2020 with immediate effect. The MoU aims for data exchange between the two organizations.
This MoU will supersede the MoU signed between CBDT and the erstwhile Central Board of Excise and Customs (CBEC) in 2015. Changed circumstances, including advancements in technology, are duly incorporated in the MoU signed. After the MoU in 2015, significant developments have taken place, including the introduction of GST, incorporation of GSTN, and change in the nomenclature of Central Board of Excise and Customs (CBEC) to Central Board of Indirect Taxes and Customs (CBIC).
♦ The MoU aims to facilitate data sharing and information between CBDT and CBIC on an automatic and regular basis.
♦ Apart from this, CBDT and CBIC will exchange with each other, on request and spontaneous basis, any information available in their respective databases which may have utility for the other organization.
♦ The MoU is an ongoing initiative of CBDT and CBIC, who are already collaborating through various existing mechanisms.
♦ Under the MoU, a Data Exchange Steering Group has been constituted for the initiative. The group will meet periodically to review the data exchange status and take steps to further improve the effectiveness of the data-sharing mechanism.
185 days ago
The Ministry of Micro, Small and Medium Enterprises, Government of India (MoMSME) and the Central Board of Direct Taxes (CBDT) has signed a formal Memorandum of Understanding (MOU) on 20 July 2020. The MoU is aimed at the sharing of data by CBDT to MoMSME. The MoU comes into force from 20 July 2020, the date it was signed.
♦ The MoU will facilitate the seamless sharing of certain Income-tax Return (ITR) related information by the Income Tax Department to MoMSME.
♦ The shared data will enable MoMSME to check and classify enterprises in Micro, Small, and Medium categories.
♦ Under the MoU, both the organizations will appoint Nodal Officer and Alternate Nodal Officers to facilitate the process of data exchange.
♦ It is expected that the MoU will mark the beginning of a new era of cooperation and synergy between the CBDT and MoMSME.
188 days ago
Cochin Shipyard Limited (CSL) has signed a contract with ASKO Maritime AS, Norway, a subsidiary of NorgesGruppen, to build autonomous electric ferries. The agreement paves way for the construction and supply of the two autonomous electric ferries along with an option to build two more identical vessels.
♦ The project will put CSL into a league of premier shipbuilding yards in the world, which will be known capable of handling high tech vessel construction.
♦ The total value of the contract has not yet been disclosed by CSL.
♦ Naval Dynamics, Norway has designed the vessels using Kongsberg Maritime systems and detailed engineering that will be carried out by CSL.
♦ The vessels will be built under DNV GL Classification.
♦ The vessels are 67 km long and powered by 1846 kWh capacity batterie. It will initially be delivered as a full electric transport ferry.
♦ The vessel is capable to transport full loaded 16 Standard EU trailers in one go across the fjords.
♦ After the commissioning of autonomous equipment and field trials in Norway, the vessel will start operating as a fully autonomous ferry of ASKO.