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Last Updated: February 19, 2020 7 hours ago

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  • India and Norway strengthen partnership on blue economy

    7 hours ago
    Union Minister for Earth Sciences Dr. Harsh Vardhan and Norway's Minister for Climate and Environment Mr. Sveinung Rotevatn opened the India-Norway Task Force on Blue Economy for Sustainable Development on 18 February. The aim is to make the Indo-Norwegian Ocean Cooperation a key pillar in the bilateral relationship. The meeting is the third meeting of the Task Force. Other initiatives: ♦ India and Norway also signed a Letter of Intent (LoI) to confirm that they will develop a new framework for collaboration on Integrated Ocean Management and Research.  ♦ Several projects on combating Marine Litter is being carried out as a part of the Joint Initiatives. ♦ Both countries aim to manage the resources in the oceans in a sustainable manner. ♦ The agreement will ensure integrated ocean management at the government level. India-Norway Task Force on Blue Economy: The India-Norway Task Force on Blue Economy for Sustainable Development was launched jointly by the Indian Prime Minister Narendra Modi and the Norwegian Prime Minister Ms. Erna Solberg. It was launched during her visit to India in January 2019. The task force aims to develop and follow up joint initiatives between the two countries. It mobilizes relevant stakeholders from both Norway and India at the highest level. It will also ensure continued commitment and progress across ministries and agencies.

    GoI, World Bank signs loan agreement to improve groundwater management

    2 days ago
    Government of India and the World Bank signed a $450 million loan agreement on 17 February. The agreement aims to support the national programme to arrest the depleting groundwater levels and strengthen groundwater institutions in India. The loan agreement was signed by Shri Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, and Mr. Junaid Ahmad, India Director, India on behalf of the World Bank. Agreement Provision: ♦ The Atal Bhujal Yojana (ABHY)-National Groundwater Management Improvement Programme is supported by the World Bank. ♦ The agreement will allow the implementation of the ABHY scheme in the states of Gujarat, Maharashtra, Haryana, Karnataka, Rajasthan, Madhya Pradesh, and Uttar Pradesh and cover 78 districts.  ♦ The programme will enhance the recharge of aquifers and introduce water conservation practices. ♦ It will promote activities related to water harvesting, water management, and crop alignment and equip communities and stakeholders to sustainably manage groundwater. ♦ It will support on-ground actions that are based on community ownership and judicious management of water resources.

    India, Portugal signs Cooperation Agreement in the field of Maritime Transport and Ports

    5 days ago
    A Cooperation Agreement was signed between India and the Republic of Portugal in the field of Maritime Transport and Ports on 14 February 2020. The objective of the agreement is to strengthen the coordination of Maritime transport between the two countries. Agreement Highlights: ♦ The agreement will open avenues for cooperation to promote Maritime Transport between India and Portugal for better operation of their merchant fleets. ♦ It will also enhance cooperation to harmonize and unify their position with International Organization Institution, forums and conferences related to Maritime and Port activities. ♦ It will also help the two countries to coordinate accession to international conventions 

    Cabinet approves MoU signed between India and Iceland in the field of Fisheries

    7 days ago
    The Union Cabinet chaired by Prime Minister Narendra Modi approved a Memorandum of Understanding (MoU) signed between India and Iceland in the field of Fisheries. The MoU was signed on 10 September 2019. Aim: The MoU will strengthen the existing friendly relations between India and Iceland. It will also enhance consultation and cooperation on Fisheries including consultation on bilateral issues. MoU Provisions: ♦ The MoU will create facilities for the exchange of scientists and technical experts and their proper placement, especially in areas of estimating Total Allowable Catches in offshore and deep-sea areas. ♦ Provision of training to fisheries professionals from key fisheries institutions in the various management aspects on areas of modern fisheries management and fish processing. ♦ Under the MoU, scientific literature research findings and other information will be exchanged. ♦ It will hold an exchange of experts/expertise to study the prospects of fishing.

    AP govt signed MoUs with Agri institutions to provide technical assistance to farmers

    8 days ago
    The Andhra Pradesh State government signed memoranda of understanding (MoU) with 11 premier agricultural institutions in the country on 10 February 2020. MoUs were exchanged between the state Agriculture Department and institutions, including the Indian Council of Agricultural Research (ICAR), National Institute of Plant Health Management, M S Swaminathan Research Foundation, Central Fertiliser Quality, and Training Institute, and National Seed Research and Training Institute, Amaravati.  Aim: The aim is to usher in revolutionary changes in the agriculture sector through technology and knowledge transfer to farmers in the state. MoU Provisions: Under the MoU, the institutions will provide technical assistance which will lead to a sustainable increase in farmers' income using organic and natural farming processes. Rythu Bharosa Kendras: ♦ Also, the AP government is to set up 11,158 Rythu Bharosa Kendras across the state by June. ♦ It would be manned by agriculture, horticulture, veterinary and aquaculture assistants to guide farmers in best practices. ♦ These centres will have fertilizer, quality seed, and pesticides guaranteed by the state government. ♦ It aims to enhance farm management practices and train farmers in organic and natural farming.

    HAL signed MoU with Elbit Systems for Digital HUD for fighter planes

    12 days ago
    Hindustan Aeronautics Limited (HAL) signed an MOU with Israel-based defense electronics company Elbit Systems on 6 February 2020 during the DefExpo 2020. The MoU aims to promote and market the Digital Head-Up Displays (HUD) units.  MoU Highlights: ♦ The MOU will extend cooperation for new HUD technologies in the country. ♦ It will also promote Digital HUD to the Indian Defence Services and other potential customers.  ♦ The digital HUD will incorporate new features like Large Eye Motion Box and Digital Image Source to increase the pilot's situational awareness, Wide Instantaneous and Total Field of View with Minimal Binocular Disparity.  ♦ The HUD system, under the MoU, will be compatible with Night Vision Imaging Systems having improved maintenance features. Digital Head-Up Displays (HUD): HUD is a transparent display that provides a seamless view of critical information to the pilot. This information will be projected directly in the pilot's line of sight on a screen just inside the windshield. It will allow them to keep their visual attention focused outside the aircraft.

    India, Russia signed 14 MoUs at the Fifth round of IRMIC

    12 days ago
    The fifth round of India-Russia Military Industrial Conference (IRMIC) was conducted on the sidelines of Defexpo-2020 at Lucknow on 6 February 2020. The conference was co-chaired by Indian Defence Secretary Dr. Ajay Kumar, and Deputy Minister of Industry and Trade of Russian Federation Mr. Oleg Ryazantsev. 14 MoUs were exchanged between the Russian Original Equipment Manufacturers (OEMs) and the Indian companies during the conference. Conference Highlights: ♦ The Ministers discussed the Inter-Governmental Agreement (IGA) on the Joint manufacturing of spares in India which was signed at Vladivostok, Russia on 4 September 2019.  ♦ The IGA provides a framework for the partnership of Russian OEMs with the Indian industry for the manufacturing of spare parts of Russian origin equipment in use by the Indian Defence Forces.  ♦ India's efforts to expedite the collaboration between the Indian and Russian Companies were highlighted.  ♦ Russia reaffirmed its active participation in the collaborations under the ambit of the IGA. It also said that it will take all necessary steps to facilitate the manufacturing of parts in India. ♦ The also discussed the way forward to achieve the objectives of IGA under the Make in India initiative. Participants: A large number of delegates from the defence sector companies of India and Russia participated in the conference.

    IOC Signs an Annual Agreement on Rosneft's to Buy Crude

    14 days ago
    State-claimed Indian Oil Corp, India's top purifier, has marked an arrangement with Russian oil major Rosneft that gives it an alternative to purchasing as much as 2 million tons, or 40,000 barrels for each day (BPD) of unrefined in 2020, the Indian oil serve said on 5th February 2020.  India has been expanding the wellsprings of its raw petroleum imports to fence geopolitical dangers that can gag supplies from a specific area or nation. The purifier will practice its alternative to purchasing Urals rough under this first yearly arrangement with Rosneft at whatever point the value is sufficiently low to make up for cargo costs.  IOC Agreement Under the agreement, IOC has the alternative to take as much as 40,000 BPD of oil this year, said the source, who declined to be named as he isn't approved to address the media.  Indian state purifiers usually purchase Russian oil through the spot advertise as opposed to under the agreement. The country's unrefined imports from Russia have commonly been low since the cargo costs will, in general, be higher than for provisions from the Middle East. India, the world's third-greatest oil purchaser, and merchant, transport in over 80% of its rough needs, as a rule depending on the Middle East for the more significant part of its inventory. Be that as it may, its imports from that area slid to a four-year low a year ago.  The Middle, a lot of India's unrefined imports, shrank to 60% a year ago - down from 65% in 2018 and most minimal since 2015 - as record yield from the United States and nations like Russia offered open doors for merchants to take advantage of different supplies.  

    APEDA-CFTRI Sign MoU for Guwahati Liason Office

    15 days ago
    A Memorandum of Understanding (MoU) signed by CSIR-CFTRI with APEDA to set up a Liaison Office in Guwahati, Assam, to give specialized help to the nourishment businesses in the North East district. It will profit the ranchers, makers, and business people. APEDA has embraced numerous limited time exercises as of late to bring the North East conditions of India on to the fare map. In 2019 five global purchaser merchant meets were sorted out by APEDA in Assam, Manipur, Tripura, Arunachal Pradesh, and Sikkim to grandstand the capability of agribusiness/cultivation. They handled nourishment items, including natural products, to open the fare window from the North Eastern States.  Capacity building is another such territory where APEDA is distinctly centering on hand-holding the new exporters from the North East district. As of late, APEDA composed a presentation visit to Maharashtra, considered as one of the significant fare centers, to familiarize the exporters and state authorities from Assam, Manipur, Meghalaya, and Nagaland on send out arranged cultivating, packhouse and current nourishment handling units.  APEDA has likewise sorted out explicit effort projects and preparing on trade process for the partners from the North East area. North East district has enormous potential in changing over vast zones into natural affirmation for which preparing on the prerequisites of the National Program on Organic Production (NPOP) have been bestowed toward the North East states to make mindfulness on the massive capability of natural farming and fares.  Focal Food Technological Research Institute, CSIR−CFTRI, Mysuru, (a constituent lab of Council of Scientific and Industrial Research, New Delhi) is a spearheading Institute working in the territory of Food Science and Technology, and Human Resource Development began during 1950. Throughout the years, it has brought out numerous creative items and procedures into the market on top of the best in class R&D practices of the Institute and the changing way of life of the purchasers. A portion of these endeavors incorporate improvement of newborn child nourishments items, moment prepared blends, parboiling of paddy, development of spirulina, wellbeing, and health nourishment items. Cultural mediations have been the sign of CSIR-CFTRI, and an enormous number of ranchers engaged in moderate and practical strategies for esteem expansion to agri-items adding to the country's economy. It has been on the cutting edge for creating a quality human asset for the improvement of the nourishment industry.  North Eastern Region has gigantic open doors for nourishment preparing and other agri-business that can add to the financial upliftment of the locale and create offices for new businesses. It is normal that the contact office of CSIR-CFTRI will reinforce the nourishment preparing division in the North East and will have duplicating impact on the fare of customary and handled nourishment items from the locale.

    NTPC signs 750 Million Dollar Worth of the Largest Single Foreign Currency Loan Ever

    15 days ago
    State-owned electricity producer NTPC Ltd today announced it had signed a 750 million dollar syndicated loan in Japanese Yen. The proceeds will channelize to fund programs to reduce emissions from power plants and hydro projects. The loan was issued under the automatic route of the External Commercial Borrowing Regulations of Reserve Bank of India and had an 11-year door-to-door maturity under two tranches. The company mentioned that the Indian State Bank, Tokyo fully underwrite the facility; Sumitomo Mitsui Banking Corporation, Singapore; and Bank of India, Tokyo as of January 20, 2020, and will be launched shortly by the banks for general syndication. Loan Procedure The loan proceeds will soon be used to finance Capex to build the Flue Gas Desulphurization (FGD) network, hydro projects, and other projects using ultra-supercritical low carbon technology. FGD systems significantly reduce Sulfur Dioxide emissions in thermal power plant flue gasses and are a step towards sustainable operations and a cleaner environment.

    Today Current Affairs: Centre to sign an accord with Bodo militant group NDFB

    23 days ago
    The government of India signs an accord with the banned Assam-based insurgent group Democratic Front of Bodoland (NDFB) on 27 January 2020. The agreement will be signed by the Joint Secretary in the MHA, Satyendra Garg, and Assam Chief Secretary Kumar Sanjay Krishna with the leaders of the four factions of the NDFB. It will be presided over by the Union Home Minister Amit Shah and Assam Chief Minister Sarbananda Sonowal. Accord highlights: ♦ The accord will provide a great deal of political and economic leverage without their key demand of separate Bodoland either in the form of a state or a Union Territory (UT). ♦ It will provide for some political rights to the Bodo tribals living in Assam. It will be a special economic package for the community. Bodo tribals: The Bodo tribals are an ethnolinguistic group present in Assam. The people of the tribe are a part of the Bodo-Kachari family. The people speak the Bodo language. The Bodo tribal people are active in the Bodoland Territorial Council and in districts of Kokrajhar, Baksa, Udalguri, and Chirang of Assam. 

    India signs 15 MoU with Brazil including Cyber Security

    24 days ago
    During the visit of Brazilian President Jair Messias Bolsonaro to India, 15 agreements were signed between India and Brazil in various fields on 25 January 2020. The MoUs are: 1) MoU on Bioenergy Cooperation 2) MoU for Cooperation in the field of Oil and Natural Gas 3) Investment Cooperation and Facilitation Treaty  4) Agreement on Mutual Legal Assistance in Criminal Matters 5) MoU in the field of Early Childhood 6) MoU on Cooperation in the field of Health and Medicine 7) MoU in the field of Traditional Systems of Medicine and Homeopathy. 8) Cultural Exchange Programme for the period 2020-2024 9) Agreement on Social Security 10) MoU on Cooperation between the Indian Computer Emergency Response Team (CERT-In), Ministry of Electronics and Information Technology (MEITY) of India and the General Coordination of Network Incident Treatment Centre, Department of Information Security, Institutional Security, Cabinet of the Presidency of Brazil (CGCTIR/DSI/GSI) on cooperation in the area of Cyber Security 11) Programme of Scientific and Technological Cooperation for implementing the agreement on scientific and technological cooperation for the period 2020-2023 12) MoU on Cooperation in the field of Geology and Mineral Resources 13) MoU between Invest India and the Brazilian Trade and Investment Promotion Agency 14) Joint Declaration of Intent (DoI) for Cooperation in the fields of Animal Husbandry and Dairying 15) MoU for establishing a nodal institution in India to carry out research on Bioenergy

    India, Bangladesh signs to upgrade Ashuganj-Akhaura road

    25 days ago
    India and Bangladesh signed an agreement to upgrade Ashuganj-Akhaura road into a 4-lane highway on 24 January. The agreement aim is to upgrade the 50.58 kilometre long road between Ashuganj river port and the Akhaura land port in Bangladesh into a 4-lane highway.  Aim: The project is aimed to boost connectivity between the North-eastern part of India and Bangladesh. It will facilitate sub-regional connectivity among South and South-east Asian countries.  Agreement: ♦ Under the agreement, the Roads and Highways Department (RHD) of Bangladesh and an Indian Company Afcons Infrastructure Limited will upgrade the 39 km long road between the Ashuganj river port to the Dharhar area.  ♦ The RHD and an India-Bangladesh joint venture (JV) firm will upgrade the remaining part of the road from Dharhar to Akhaura.  ♦ The deal expects the work to be completed on time and to maintain quality. India-Bangladesh relation: Among the ties between India and Bangladesh, development cooperation is a crucial aspect. The project is part of the $2 billion second line of credit (LoC) extended by India to Bangladesh in 2016. 46 projects in Bangladesh have been identified by the two governments that would improve connectivity within the country and out of the country.

    India, World Bank sign USD 210 mn loan agreement for Maharashtras Agribusiness

    25 days ago
    Government of India (GoI) and the World Bank signed a $210 million loan agreement for the State of Maharashtra. The loan was aimed to support Agribusiness and Rural Transformation projects in the state. The loan amount from the International Bank for Reconstruction and Development (IBRD) has a grace period of six years and a maturity period of 13.5 years. Aim: The project aims to support smallholder farmers to participate in competitive agriculture value chains and facilitate agri-business investments in the state. The main objective of the agreement is to increase market access and productivity in focus commodities Agreement: ♦ The agreement will support to build the resilience of crops to recurrent floods or droughts in Maharashtra. ♦ The project will be implemented in all 36 districts of Maharashtra. ♦ It is expected that around 1 million farming households will directly benefit from the project.  ♦ At least 43% of farmers and farm-workers participating in project activities are expected to be women.  ♦ Specific focus will be given to women-led enterprises and the participation of women in the decision-making processes of farmer producer organizations. ♦ It focuses on enhancing the capacity of the state to effectively manage and deliver agricultural technical support and services and increase credit linkages to formal financing institutions ♦ It will improve Sanitary and Phytosanitary (SPS) standards and investing in business development services which will help small holder farmers in the state.

    IOCL signed MoU with Ghana to implement Ghanas National LPG Promotion Policy

    26 days ago
    Indian Oil Corporation Ltd (IOCL) signed a memorandum of understanding (MoU) with Ghana's National Petroleum Authority (NPA) on 23 January 2020 at Shastri Bhawan, New Delhi. The MoU was signed by Union Minister of Petroleum and Natural Gas Dharmendra Pradhan witnesses media signing of an MOU on LPG cooperation with National Petroleum Authority (NPA) and Ministry of Energy (Petroleum) Ghana.  MoU Provisions: ♦ As per the MoU, IOCL will expand Ghana's liquified petroleum gas (LPG) network. ♦ IOCL will provide its assistance and technical expertise in the implementation of Ghana's National LPG Promotion Policy ♦ The MoU will provide administrative assistance to IOC when it commercially participates in Ghana’s downstream petroleum sector. ♦ The MoU comes after India's success in the Pradhan Mantri Ujjwala Yojana (PMUY) that provides clean fuel, and China's Belt and Road Initiative (BRI) which aimed to invest about $8 trillion in infrastructure projects across Europe, Asia, and Africa.  Ghana: President: Nana Akufo-Addo Vice-President: Mahamudu Bawumia Capital: Accra Currency: Ghanaian cedi (GHS) Ghana is bordered by: ♦ Burkina Faso in the north ♦ Gulf of Guinea and the Atlantic Ocean in the south ♦ Ivory Coast in the west ♦ Togo in the east   

    MoRD signs MoU with Bill and Melinda Gates Foundation to strengthen grassroots institutions

    27 days ago
    The Ministry of Rural Development (MoRD) signed a Memorandum of Understanding (MoU) with Bill and Melinda Gates Foundation (BMGF) under the Deendayal Antyodaya Yojana, National Rural Livelihoods Mission (DAY-NRLM).  Aim: The MoU aims to strengthen grassroots institutions of the rural poor. Signed by:  The MoU was signed by Smt. AlkaUpadhyaya, Additional Secretary and Mission Director NRLM on behalf of MoRD and by Shri AlkeshWadhwanion behalf of BMGF in presence of Secretary, Shri Rajesh Bhushan who appreciated the initiative and collaboration between the two parties. MoU provisions: ♦ The MoU reiterates DAY-NRLM and the Foundation's shared focus on improving the lives of India's poor and the marginalized with the aim of reducing poverty through institutions of marginalized rural women for promotion of diversified and gainful self-employment while creating skilled wage employment opportunities. ♦ The MoU will remove barriers such as gender inequality and lack of opportunities for women's entrepreneurship and poor health. ♦ It will provide access to financial institutions and markets.  ♦ As per the MoU, the Ministry will make use of the foundation’s expertise, and leverage its network, to provide technical assistance and support to the DAY-NRLM.

    Cabinet approved MoUs signed between India, Tunisia and Papua New Guinea Electoral Commission for elections

    28 days ago
    The Union Cabinet chaired by Prime Minister Narendra Modi approved the Memoranda of Understanding (MoU) between India, Tunisia, and Papua New Guinea. The MoU aims to boost India's international relations. Impact: ♦ The Election Commission entered into Memoranda of Understanding (MoU) with the Independent High Authority for Elections of Tunisia (ISIE) and the Papua New Guinea Electoral Commission (PNGEC) for elections for cooperation in the field of electoral management and administration. ♦ The MOUs aims to promote bilateral cooperation.  ♦ It aimed at providing technical assistance and capacity support for the ISIE and PNGEC for elections for cooperation in the field of electoral management and administration ♦ It also ensures cooperation in the field of electoral management and administration ♦ The MoU will ensure to provide support to such bodies in conducting elections in their respective countries. 

    India, Brazil to sign Bilateral Investment Treaty and Strategic Action Plan

    28 days ago
    India and Brazil will be signing a Bilateral Investment Treaty (BIT) during the visit of Brazilian President Jair Bolsonaro as the Chief Guest of the Republic Day celebrations from 24-27 January 2020. Around 20 agreements are to be signed. Action plan: ♦ The two countries aim to upgrade the strategic partnership with an action plan. ♦ The Strategic Partnership Action Plan will serve as an umbrella agreement for the plans the two countries will make in order to increase defence cooperation, technology sharing, and a logistics agreement. ♦ Also, the Bilateral Investment Treaty is expected to take the partnership between the countries to the next level ♦ The countries are committed to foster economic growth in both countries. Note: The bilateral relations between India and Brazil was elevated to a Strategic Partnership in 2006. Prime Minister Narendra Modi and President Bolsonaro met twice in 2019.   

    Indian Navy signed MoU for offshore Data with GSI

    28 days ago
    Indian Navy signed a Memorandum of Understanding (MoU) with Geological Survey of India (GSI) on 21 January 2020. The MoU was signed by  Commodore AA Abhyankar, who heads the Indian Navy's Oceanology and Meteorology Directorate and Shri N Maran, Deputy Director-General of GSI. MoU Highlights: ♦ The MoU aims to ensure the sharing of seabed sediment data, products and expertise for Naval Application in Meteorology and Oceanography.  ♦ GSI's Marine and Coastal survey Division based at Mangaluru has mapped most of India's 2.1 Million sq. km  Exclusive Economic Zone and has a vast repository of offshore data.  ♦ As per the MoU, the data collected using GSI's oceanic research vessels Samudra Manthan, Samudra Ratnakar, Samudra Kaustubh and Samudra Shaudhikama will be used by Indian Navy's blue water fleet. Reliable and accurate oceanographic modeling will support the fleet's expansive maritime operations in the Indian Ocean region. Geological Survey of India (GSI): Established on: 1851 Headquarters: Kolkata Director-General: S. N. Meshram C.G.S. GSI functions under the Ministry of Mines. It is one of the key national survey organizations of India.

    GoI signed agreements to end Bru-Reang refugee crisis

    33 days ago
    Union Minister for Home Affairs Amit Shah headed the signing of an agreement between the Government of India, Governments of Tripura and Mizoram and Bru-Reang representatives in New Delhi 16 January 2020. The agreement will end the 23-year old Bru-Reang refugee crisis. This historic agreement is in line with PM Modi's vision for the progress of the North East and the empowerment of the people of the region.  Background: In 1997, around 5,000 families comprising around 30,000 Bru-Reang tribals were forced to flee Mizoram and seek shelter in Tripura due to ethnic tension. These people were housed in temporary camps at Kanchanpur, in North Tripura. Since 2010, the Central Government took efforts to permanently rehabilitate these refugees and it has been assisting the two State governments to take care of the refugees. Until 2014, 1622 Bru-Reang families returned to Mizoram in different batches.  On 3 July 2018, an agreement was signed between the GoI, the two State governments and representatives of Bru-Reang refugees and 328 families comprising of 1369 individuals returned to Mizoram.

    Assam, World Bank sign $88 mn loan agreement to implement Inland Water Transport Project

    33 days ago
    World Bank signed an $88 million loan agreement with the Government of India and the Government of Assam on 16 January 2020. The loan is to help modernize Assam's passenger ferry sector that runs on its rivers including the Brahmaputra and implement Inland Water Transport Project. Inland Water Transport Project: ♦ There are more than 361 ferry routes cross the Brahmaputra in Assam and provides a crucial means of transport to thousands of commuters in both the urban and rural areas of the Brahmaputra Valley. ♦ The Assam Inland Water Transport Project (AIWTP) will improve the passenger ferry infrastructure and its services in the state ♦ It will also strengthen the capacity of the institutions running inland water transport.  ♦ Well designed terminals and energy-efficient vessels will make the ferry services more sustainable with the least disruption to nature. ♦ The project will support the state's efforts to corporatize its own ferry activities.  ♦ Under the project, the government ferries will be operated by the Assam Shipping Company (ASC) and the Assam Ports Company (APC) will provide terminals and terminal services on a common-user basis to both public and private ferry operators.

    India signed MoU with Finland to deepen defence cooperation

    34 days ago
    India signed a Memorandum of Understanding (MoU) with Finland on 15 January 2020. The MoU was signed by Defence Secretary Dr. Ajay Kumar and Permanent Secretary, Ministry of Defence of Finland Mr. Jukka Juusti. The MoU is signed on the sidelines of Raisina Dialogue 2020. MoU Highlights: ♦ The MoU is aimed at further defence cooperation between India and Finland. ♦ It will enhance co-operation in the field of Production, Procurement, Research and Development (R&D) of Defence-related Equipment and Industrial cooperation.  ♦ The MoU will induce cooperation between Finnish companies and Indian Defence Public Sector Undertakings.  ♦ Since DefExpo 2018, a draft MoU between the two countries in the field of defence cooperation was under discussion. It has now been approved in the run-up to DefExpo 2020. Background: In 2019, Mr. Jukka Juusti led a delegation to Aero India in Bengaluru to participate in the Make in India vision. His visit formalized an arrangement for Defence Industrial cooperation through an MoU. Also, a delegation from Finland had visited India between 29 November and 2 December 2018, to explore new business opportunities for Finnish companies. Previously, on 13 February 2016, Prime Minister of Finland Mr. Juha Sipila visited India for the inauguration of the Make in India week and held bilateral discussions with Prime Minister Shri Narendra Modi during his visit to India. On 17 April 2018, Prime Minister Modi held a bilateral meeting with Mr. Sipila during his first India-Nordic Summit held in Stockholm, Sweden. Note: DefExpo 2020 is has been scheduled to be held in Lucknow, Uttar Pradesh from 5-9 February 2020.

    Indian Railways signs MoU with RailTel for Phase 2 of e-Office Execution

    36 days ago
    Indian Railways has signed MoU with RailTel, a Mini Ratna PSU under Ministry of Railways, for the phase 2 of the National Informatics Centre (NIC) e-office project. This comes after the successful completion of the Phase 1 execution of the NIC e office for 50000 users in 58 units. The MoU signed by ED/TD, Railway Board, Shri Umesh Balonda, and GM/IT project/RailTel, Smt. Haritima Jaipuriar Phase 2 of NIC e-office Project: ♦ In phase 2, RailTel will register 39000 users over 34 Railway divisions on the NIC e office platform by 30 June 2020.  ♦ NIC e-Office is a cloud-enabled software developed by NIC ♦ It is deployed from RailTel Tier III certified data centres at Secundrabad and Gurgaon.  ♦ NIC e-office is based on the Central Secretariat Manual of e-Office Procedure (CSMeOP).   ♦ Currently, 4 modules namely File Management System (eFile), Knowledge Management System (KMS), Collaboration & Messaging Services (CAMS) and Personnel Information Management System (PIMS), are part of the e-office system. ♦ E-Office ensures a paper-less culture that saves operational cost and reduces the carbon footprint which is one of the most urgent needs of the world. Phase 1: The phase 1 of NIC e-office execution began with a deadline in March 2020. It created 50000+ users in 58 units of Indian Railways and trained the executives to handle the platform in a span of a mere 6 months' time. RailTel completed Project 1 way ahead of the deadline.

    IIFPT signs MoU with 8 Institutes in India to help small farmers

    36 days ago
    The Indian Institute of Food Processing Technology (IIFPT), Bathinda signed Memorandum of Understanding (MoU) with 8 different reputed institutes of the region in the states of Punjab and Haryana. IIFPT signed and exchanged the MoUs with the VC's and Director's of the 8 Universities, Colleges, and Institutes.   Aim: The MoU was aimed to increase the income of small farmers. It also aims to open new opportunities for the benefit of farmers. MoU Provisions: ♦ The MoU will empower the farmers and entrepreneurs to take benefits from the Gram Samridhi Yojana under which the Ministry of Food Processing Industries has got Rs.3000 crores for upgradation of technology.  ♦ The MoU will let the Universities, Colleges, and Institutes work in collaboration with each other to achieve the vision of PM Modi to increase the income of small farmers. ♦ It will facilitate a collaborative programme of research, consultancy, skill development, institutional development, information dissemination, and student's in-plant training. The linkage will strengthen the mutual bond and relationship between the partners. The 8 institutes that signed the MoU are: 1) Punjab Agricultural University (PAU), Ludhiana 2) Maharaja Ranjit Singh Punjab Technical University (MRSPTU), Bathinda 3) Central Institute of Post-Harvest Engg. & Technology (CIPHET), Ludhiana 4) National Dairy Research Institute (NDRI), Karnal 5) Indian Institute of Wheat & Barley Research (IIWBR), Karnal 6) Sant Longowal Institute of Engg. & Tech. (SLIET), Sangrur 7) Guru Nanak College, Budhlada 8) National Agri-Food Biotechnology Institute (NABI), Mohali 

    AP Government signed MoU with KFW to implement ZBNF

    40 days ago
    The Andhra Pradesh Government has signed a Memorandum of Understanding (MOU) with the representatives of a German firm, KFW, in Amaravati, Andhra Pradesh to implement Zero Budget Natural Farming in the state. It comes after the Zero Budget Natural Farming (ZBNF). Provisions of MoU: ♦ The agreement aims to scale up the ongoing project with KFW. ♦ The YS Jaganmohan Reddy led-State government has allocated Rs.304 crore on the project. ♦ The project aimed to cover 2.39 lakh farmers in around 600 village panchayats and promote natural farming. ZBNF: The ZBNF was implemented with German Assistance. It covered over 1 lakh hectares in the past two years. It has been aligned with other schemes like the Rastriya Krishi Vikas Yojana. The estimated amount of the project is Rs.1015 crore. The Andhra Pradesh government has taken a loan of Rs.711 crores out of the estimated amount towards the climate resilient, ZBNF.

    India, France agreement on ratification of Migration and Mobility Partnership get approval

    41 days ago
    The Union Cabinet chaired by the PM Narendra Modi approved the ratification of the Migration and Mobility Partnership agreement signed between India and France. The agreement was signed in March 2018 during the State Visit of the French President Emmanuel Macron to India. Agreement provisions: ♦ The Agreement represents a major milestone to enhance people-to-people contacts and strengthen cooperation on issues related to irregular migration and human trafficking between the two sides.  ♦ It also aims to foster the mobility of students, researchers, academics, and skilled professionals between the countries. ♦ The Agreement will be initially valid for a period of 7 years. It will then incorporate provision for automatic renewal and a monitoring mechanism through a Joint Working Group (JWG). ♦ The Agreement marks India's expanded multi-faceted relationship and confidence with France.

    Cabinet approved the agreement signed between India and Mongolia for outer space cooperation

    42 days ago
    The Union Cabinet approved the agreement signed between the Government of the Republic of India and the Government of Mongolia on 8 January 2020. The agreement aimed at enhancing the cooperation of the countries in the exploration and uses of outer space for peaceful and civilian purposes. The agreement was signed at New Delhi on 20 September 2019. Agreement provisions: ♦ As per the agreement, the countries shall enable pursuing the potential interest areas of cooperation in field such as space science, technology, and applications including remote sensing of the earth, satellite communication and satellite-based navigation Space science and planetary exploration, use of spacecraft and space systems and ground system, and application of space technology. ♦ The agreement set up a Joint Working Group, drawing members from DOS/ISRO and Communications and Information Technology Authority of the Government of Mongolia. The group will work out the plan of action including the time-frame and the means of implementing this agreement.

    Cabinet approved the MoU signed by India and UK to enable Energy Self-Sufficiency for Indian Railways

    42 days ago
    The Union Cabinet chaired by the PM Narendra Modi approved the Memorandum of Understanding (MoU) signed between India and the United Kingdom on 8 January 2020. The MoU aimed for enabling Energy Self-Sufficiency for Indian Railways. It was signed by the Ministry of Railways with Department for International Development, Government of the United Kingdom on 2 December 2019. MoU Provisions: ♦ The countries agreed on the scope of activities to be undertaken as a part of the endeavor for enabling energy efficiency and energy self-sufficiency for the Indian Railways. ♦ The MoU empowers the parties to govern the subject matter in their respective countries, endeavour to take necessary steps to enable energy efficiency and energy self-sufficiency for Indian Railways. ♦ They agreed for Energy planning for Indian Railways including the Solar & Wind Energy sector, Adopting energy efficiency practices, Enabling Fuel efficiency, Electric Vehicle (EV) charging infrastructure deployment, Battery operated Shunting Locomotives.  ♦ It also approves capacity development like training programmes, industrial visits, field visits, etc. or any other form co-operation may be approved in writing by the Participants.

    India to sign MoU with Russia to procure AK-203 assault rifles

    44 days ago
    The Indian Army is to sign a Memorandum of Understanding (MoU) with Russia for the procurement of over 7.5 lakh AK-203 assault rifles. The rifles are to be manufactured locally by an India-Russia joint venture (JV). The MoU is expected to be signed in a month. MoU provisions: ♦ As per the MoU, about 1 lakh rifles will come directly from Russia and the remaining will be manufactured by the JV in India. ♦ The rifles have been planned to be manufactured by the Indo-Russian Rifles Private Limited (IRRPL) at Korwa in Uttar Pradesh. ♦ The facility will be set up between the Ordnance Factories Board (OFB) from the Indian side, and Rosoboron Exports and Kalashnikov on the Russian side.  ♦ The OFB will own 50.5% equity and the Russian side will hold the remaining 49.5%.  ♦ The JV was formed after the Inter-governmental Agreement between India and Russia in February 2019.  ♦ The Ministry of Defence (MoD) has floated a Request For Proposal (RFP) to the JV for the supply of 6.71 lakh rifles.

    Union Government signed MoU with Flipkart company under DAY-NULM Scheme

    47 days ago
    The Union Government of India signed MoU with Flipkart company for selling the products made by women self-help groups under the scheme Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM). Under the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) scheme, self-help groups consisting of 44 lakh women working across the country, a move aimed at making women financially independent. Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) Deendayal Antyodaya Yojana is the scheme where the women work towards alleviating urban poverty through strong community institutions, skill training, access to affordable credit for self-employment, support for street vendors.

    Ashok Leyland, Citicorp Finance ink MoU for commercial vehicles financing

    54 days ago
    Hinduja Group's flagship firm Ashok Leyland partnered with Citicorp Finance India Ltd for financing commercial vehicles. The company has signed a memorandum of understanding (MoU) with Citicorp Finance to enter into a strategic financing partnership for two years, to offer customized financial solutions to customers across India. Under the MoU, Citicorp Finance will be a preferred financier for providing finance to the customers buying Ashok Leyland vehicles. Citicorp Finance will work in close coordination with the authorised dealers of Ashok Leyland to provide financial solutions to customers. Both the rganisations can leverage their strengths for the mutual benefit of the customers. Ashok Leyland Ashok Leyland is an Indian automobile company headquartered in Chennai, India The company owned by the Hinduja Group.  

    UAE and Oman sign MoU to enhance trade and economic cooperation

    58 days ago
    UAE national export credit company, Etihad Credit Insurance (ECI) signed a Memorandum of Understanding (MoU) with the Export Credit Guarantee Agency of Oman (Credit Oman)  Aim To enhance trade and economic cooperation between the two countries. The sign took place during the 10th AMAN UNION General Assembly, held in Muscat. The MoU signed by Massimo Falcioni, CEO at ECI and Sheikh Khalil bin Ahmed Al-Harthy, recently appointed CEO at Credit Oman in the presence of senior officials. ECI and Credit Oman form a collaborative task force to explore work streams that include commercial information and credit opinion sharing on companies located. Thevolume of non-oil trade between the two countries in 2017 registered about AED 36 billion, a growth rate of 12.4 per cent over the year 2016. Non-oil trade between the UAE and Oman in Q3 2018 reached AED 32.5 billion. AMAN UNION It is a professional forum assembling Commercial & Non-commercial Risks Insurers & Reinsurers in Member Countries of the Organization of the Islamic Conference and the Arab Investment & Export Credit Guarantee Corporation.

    Russia and Ukraine Sign Preliminary Gas Transit Deal

    60 days ago
    Moscow and Kiev have signed a preliminary deal on the transit of Russian gas to Europe via Ukraine, after months of difficult talks but ahead of the looming New Year deadline.The current gas transit contract between the two ex-Soviet countries expires at the end of the year and ties between them shredded since Moscow annexed Crimea in 2014 and supported a separatist insurgency in eastern Ukraine. Russian and Ukrainian sides signed a memorandum of understanding cited as saying by Russian agencies while giving no details of the deal. Russia's Energy Minister Alexander Novak was a five-year deal that would be signed off before the end of the month. Gazprom supplied Europe with 200.8 billion cubic metres of natural gas with about 40 per cent going through Ukraine, earning the country around $3 billion (2.7 billion euros) a year in transit fees. The Moscow wants to keep some gas flowing through Ukraine, despite having built several pipelines to Europe since the current deal was agreed a decade ago. Ukraine and European Union Russia's gas pipelines include the Nord Stream 2 project seeks to double gas volumes to Germany. After three-way talks in Berlin involving Russia, Ukraine and the European Union Moscow and Kiev reached and agreement in principle.Russia using gas as a weapon against Ukraine and cutting supplies repeatedly in 1992, 1993 and 1994.The current contract between Russia and Ukraine signed following the last gas crisis which ended up disrupting European supplies in 2010.

    ADB, India signed loan agreement for PPP to upgrade Madhya Pradesh roads

    61 days ago
    The Asian Development Bank (ADB) and the Government of India signed a $490 million loan for public-private partnership (PPP) projects in the state of Madhya Pradesh. It was signed by Shri Sameer Kumar Khare, Additional Secretary of Fund Bank and ADB, Department of Economic Affairs, Ministry of Finance, and Mr. Kenichi Yokoyama, Country Director of ADB’s India Resident Mission. Agreement highlights: ♦ It aims to upgrade about 1,600 km of state highways and major district roads (MDRs) from single-lane to two-lane widths in the state. ♦ An additional investment of $286 million will be mobilized through private sector participation under the PPP modality. ♦ As the major district roads and state highways provide a crucial link between rural roads and national highways, it is necessary to upgrade the roads. ♦ These roads will improve rural and peri-urban connectivity in the state ♦ It will also improve access to markets and better services. ♦ The project includes up-gradation of 750 km of state highways and 850 km of MDRs to two-lane and all-weather standards with road safety features. ♦ It also includes developing an e-maintenance system that can record defects or required maintenance, along with a training program to develop capacity on contract implementation and project finance in the Madhya Pradesh Road Development Corporation.  ♦ ADB has provided the Madhya Pradesh state government with five loans since 2002. It intended to develop that state's road network, improving about 7,300 km of roads or about 11% of the total network.

    Railway Ministry signed MoU with Birmingham University to establish Centre of Excellence

    61 days ago
    The National Rail Transport Institute (NRTI) signed an MoU with the University of Birmingham on 18 December 2019 in New Delhi. The aim is to set up the first Centre of Excellence for Next-Generation Transportation Systems in Railways.  Signed by: The MoU was signed by Mr. Vinod Kumar Yadav, Chairman of NRTI, and Professor Clive Roberts, Head of the Birmingham Centre for Railway Research and Education (BCRRE) at the University of Birmingham. MoU Highlights: ♦ As per the MoU, it will provide proprietary data, spare equipment, professional expertise, and other available resources directly or through the Centralised Training Institutes and research organizations. ♦ The centre will invite partnerships from other industry and academic organizations in the future. ♦ The center aims to promote the Rail and Transportation sector in India by offering customized training programmes for in-service professionals, post-graduate, doctoral and post-doctoral programmes. It will also undertake joint research projects in areas such as communication, signalling, asset maintenance, traction and safety and developing standards, benchmarks, and certifications for specialized skills.  ♦ It will organize knowledge events, conferences, workshops to disseminate trends, latest research, global best practices and developments in the transportation sector, access to industry and academia. National Rail Transport Institute (NRTI): Located at: Vadodara, Gujarat It is India's first and only transportation university. It functions under the Ministry of Railways.

    GeM signs MoU with BoM, UCO Bank to provide a number of services

    62 days ago
    The Government e-Marketplace (GeM) signed two memorandum of understandings (MoU) with Bank of Maharashtra and UCO Bank. The MoU aimed to provide a number of services. MoU Highlights: ♦ The MoU will facilitate the transfer of funds through GeM Pool Accounts (GPA). ♦ The Banks will also provide advise on the Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the GeM portal.  ♦ The MoUs are in line with GeM's plan to integrate payments and various banking services to achieve the paperless, contactless and cashless system.  ♦ GeM has already signed 19 MoUs with Public Sector and private banks to enable this. GeM is also working with other banks, Trade Receivable Discounting System (TreDS), and Small Industries Development Bank of India (SIDBI) to provide invoice financing and Bill Discounting to the MSMEs registered on GeM. This will help Micro, Small and Medium Enterprises (MSMEs) to access easy credit and do better business with Government Departments. ♦ It also plans to create an EMD pool account for making it easy for sellers to comply with the EMD requirements while responding to bids.  ♦ It will support Special Purpose Vehicle to be called Government e-Marketplace (GeM SPV) which is the National Public Procurement Portal. It will ensure efficient and transparent mechanisms for the procurement of goods and services by the Central and State government organizations. Government e-Marketplace (GeM): GeM is a portal launched by the Ministry of Commerce. The initiative offers a one-stop platform to facilitate the online procurement of goods and services by Central and State government organizations. provides tools for Direct Purchase, bidding, and reverse auction in a transparent manner for a government department and ensuring efficient procurement. The procurement portal aims to increase transparency in public procurement of goods and services, which is estimated at about Rs.8 lakh crore per year.

    CSIR and CNRS signed MoU to promote Scientific and Technological Research

    63 days ago
    Council of Scientific & Industrial Research (CSIR) signed a Memorandum of Understanding (MoU) with the National Centre for Scientific Research (CNRS), France on 17 December 2019.  Aim: The aim of the MoU is to establish a framework for cooperation between India and France towards promotion and support of scientific and technological research. MoU Highlights: ♦ CSIR and CNRS plan to strengthen their cooperation to foster joint innovation and transfer of technologies applicable to India or/and France and to other nations.  ♦ It aims to benefit potentially and increase synergistic cooperation possibilities for translating science into technology  ♦ The cooperation includes promoting technology transfer, sharing good practices, and enhancing industry-academia cooperation.  ♦ The research areas of mutual interest include biotechnology including plant and marine biotechnology, environment and climate change studies, engineering science and technology, energy science and technology, health research, material science and technology, and water research.   Ties: India and France have longstanding relations starting from 1975. CSIR labs, CSIR-IICT, and CSIR-NCL are implementing joint programmes with CNRS, which have generated several joint publications, patents and Ph.Ds. CNRS: CNRS, the largest fundamental research organization in Europe, was established in 1939. It is an interdisciplinary public research organisation that functions under the administrative supervision of the French Ministry of Higher Education and Research. The research areas of CNSR are Biological Sciences, Engineering & Systems Sciences, Earth Sciences and Astronomy, Physics, Chemistry, Ecology & Environment, Mathematical Sciences, Nuclear & Particle Physics, Information S&T, and Humanities & Social Science through its ten institutes. It has set up four co-funded centers with industry partnership in China, Japan and Singapore to address local needs.

    SBI, KfW sign agreement for energy-efficient housing programme in India

    65 days ago
    State Bank of India (SBI) has signed a loan agreement with KfW, the German development bank, worth $277 million on 16 December 2019. The arrangement of the loan and the grant facilities was facilitated by SBI's investment banking subsidiary SBI Capital Markets Ltd.  Agreement: ♦ The aim of the agreement was to establish an energy-efficient housing programme in India.  ♦ The facility was signed after an agreement on financial cooperation between the two governments in October 2019.  ♦ The programme will be a part of Indo-German Development Cooperation which is guided by the 2030 Agenda for Sustainable Development.  ♦ Under the programme, the builders and the home buyers will be financed to develop and purchase energy-efficient residential projects that achieve at least 25% energy savings in comparison to standard reference buildings. ♦ The programme is expected to contribute to India's policy framework towards energy conservation in the residential building sector and a reduction in greenhouse gas (GHG) emissions. ♦ KfW has also announced to extend a grant of 1.5 million euros to SBI as a technical assistance package.  ♦ These funds will be used to support SBI in the preparation, implementation, and monitoring of the programme.  ♦ It will also invest a grant of 10 million euros to provided for incentivizing builders to develop housing projects that achieve significantly higher levels of energy savings vis-a-vis standard reference buildings, which is at least 40% savings. 

    India and Maldives exchange agreements for cooperation between the countries

    67 days ago
    India and Maldives exchanged Memorandum of Understanding (MoUs) on 13 December 2019. It was exchanged during the Maldivian FM's visit to India. FM Abdulla Shahid is on a five-day visit to India.  Highlights: ♦ India and Maldives signed three agreements and MoUs including an Exchange of Instrument of Ratification for the Treaty on Mutual Legal Assistance in Criminal Matters.  ♦ It was decided and signed at the 6th India-Maldives Joint Commission Meeting. The meeting was by Maldivian Foreign Minister Abdulla Shahid attended among others.  ♦ The MoUs included cooperation between the Election Commissions of India and the Maldives.

    India, Indonesia resolve to strengthen cooperation in several areas

    67 days ago
    India and Indonesia have joined together to strengthen cooperation in areas of defence and security, connectivity and trade. It happened during talks between External Affairs Minister S Jaishankar and his Indonesian counterpart Retno Marsudi in New Delhi. Retno Marsudi is on her visit to India. Highlights: ♦ Both the countries reviewed the entire range of ties at the 6th India-Indonesia Joint Commission Meeting (JCM). ♦ During the meeting, India and Indonesia reaffirmed their commitment to strengthen bilateral ties in the areas including people-to-people exchanges. ♦ India and Indonesia called for greater synergy in the region, guided by the shared vision on maritime cooperation. The two countries are the key partners in the Indo-Pacific.

    DELL partners will UNESCO to adopt technology in classrooms

    67 days ago
    Dell Technologies has signed an agreement with UNESCO Mahatma Gandhi Institute of Education for Peace (MGIEP) to enable school teachers to adopt technology in classrooms by using Information Communication Technology (ICT) tools.  The ICT tools were developed by Dell Aarambh and FramerSpace platforms.  MoU provisions: ♦ Dell Aarambh aims to provide a springboard for teachers in information and communications technology. It will be spread over three phases, with the first in Karnataka, Andhra Pradesh, and Maharashtra. ♦ FramerSpace which will help teachers with rich content creation abilities coupled with analytical insight to improve the quality of education will be provided by Dell Aarambh. FramerSpace is an artificial intelligence (AI)-based digital platform. ♦ The training aims on teaching the teachers the use of ICT and frontier technologies to achieve quality education. It is on line with the Sustainable Development Goal 4 (SGD 4) by the member-states of the United Nations.

    ICAR signed MoU with NABARD for sustainable agriculture

    67 days ago
    The Indian Council of Agricultural Research (ICAR) signed a Memorandum of Understanding (MoU) with the National Board of Agriculture and Rural Development (NABARD) on 13 December to promote sustainable agriculture and climate-resilient farming systems. The MoU was signed by Dr. Trilochan Mohapatra, Secretary (DARE) & Director General (ICAR) and Shri Harsh Kumar Bhanwala, Chairman, NABARD. MoU highlights: ♦ The MoU aims to facilitate the action research that is carried out with the active participation of farmers to provide solutions for the challenges. ♦ It also facilitates the up-scaling of various technologies and innovative farmer models that are developed by the ICAR including the climate-resilient practices, models and integrated and hi-tech farming practices in a participatory model through adoptive research on watershed platforms. ♦ Under the MoU, the ICAR will support training and capacity building of channel partners and NABARD Officers.  ♦ The initiative is expected to strengthen the competence of channel partners under the promotional and developmental programmes of NABARD technology transfer under the climate-resilient agriculture, contingency and adaptation planning.  ♦ The ICAR will help in the impact evaluation of the NABARD assisted projects, Detailed Project Reports (DPRs) preparation for the climate change projects, farm mechanization, Agri-Incubation Centres and Farmer Producer Organizations (FPOs) and resource conservation, etc.

    NSIC, Aramco Asia signs MoU for the development of Ministry of MSME

    71 days ago
    A Memorandum of understanding (MoU) was signed between National Small Industries Corporation (NSIC) and Aramco Asia. The MoU was signed by Sh. P. Udayakumar, Director (P&M) from NSIC and Mr. Mohammed Al Mughirah, President, Aramco Asia. MoU highlight: ♦ The MoU is aimed for the development of Ministry of Micro, Small and Medium Enterprises (MSME) Ecosystem in India in Oil & Gas Sector. ♦ The MoU will pave a way for accredited Indian MSMEs to carve out a space as vendors in the Global space.  NSIC: ♦ Founded on: 1955 ♦ Headquarters: New Delhi, India ♦ Chairman & MD: Vijayendra NSIC functions under the Ministry of Micro, Small and Medium Enterprises. NSCI acts as the nodal agency for various schemes of Ministry of MSME including Single Point Registration, Performance and Credit Rating, National SC-ST Hub, MSME Databank, etc.

    IEPFA signed MoU with Bank of Baroda for Investor awareness

    76 days ago
    Investor Education & Protection Fund Authority (IEPFA) signs MOU with Bank of Baroda on 4 December 2019 for information dissemination and reaching out to investors and stakeholders. MoU Benefits: ♦ The exercise aims to help various investors who often fall prey to tempting offers for investments and Ponzi schemes.  ♦ The MoU will spread customer awareness and investor education by strengthening ties with IEPFA. ♦ The MoU is expected to inculcate the habit of educating oneself among the stakeholders and potential investors.  ♦ It will form a strategic partnership to help people to refrain from falling prey to fraudulent schemes. Note:  Ponzi scheme: Ponzi scheme is a form of fraud which attracts the investors and pays profits to earlier investors by using funds obtained from more recent investors.

    CSIR signed MoU with BHEL to push Make in India initiative

    76 days ago
    Council of Scientific & Industrial Research (CSIR) signed an MoU with Bharat Heavy Electricals Limited (BHEL) on 5 December 2019. The MoU will be effective for five years' duration. MoU Highlights: ♦ The MoU was aimed to cooperate, collaborate and pursue industrial application-oriented research programmes and its commercialization on a large scale. ♦ The indigenously developed technologies by CSIR will be commercialized and implemented jointly by BHEL and CSIR in the country. ♦ The first joint project under the collaboration will be used for commercialization by BHEL of various water purification and sewage disposal related technologies developed by CSIR.  ♦ The MoU will be in line with the Make in India initiative of the government.

    ICAI MoU KAAA signed MoU to offer technical training programs

    76 days ago
    The Institute of Chartered Accountants of India (ICAI) signed a Memorandum of Understanding (MoU) with the Kuwait Accountants and Auditors Association (KAAA) on 4 December 2019.  MoU Highlights: ♦ Under the MoU, the ICAI will offer technical training programs in collaboration with the KAAA to employees of the Kuwait government, Kuwait nationals and members of the KAAA.  ♦ The MOU will strengthen the relationship between the two organizations. ♦ It will establish areas of cooperation for the benefit of the two organizations and enhance their reputation and global influence.  ♦ The proposal for the MoU between the ICAI and the KAAA was approved by the union cabinet on 23 October.  ♦ Under the agreement, Financial services has been selected as one of the 12 champion sectors for export promotion by the government. Institute of Chartered Accountants of India (ICAI): Formed on: 1 July 1949 Headquarters: New Delhi, India President: Prafulla Chhajed Vice President: Atul Kumar Gupta Official language: English, Hindi

    ADB and India signed MoU to provide infrastructure in India

    77 days ago
    Asian Development Bank (ADB) and the Government of India signed a $206 million loan on 2 December. The aim of the MoU is to develop water supply and sewerage infrastructure in 5 cities of Tamil Nadu. It will strengthen the capacities of urban local bodies (ULBs) for improved service delivery. Water supply and sewerage project: ♦ The project aims to improve the lives of the urban people in the identified cities of Tamil Nadu.  ♦ It will provide universal access to water supply and sanitation, improve sewage treatment and drainage systems. ♦ The projects will help the state to develop the requisite ecosystem for economic growth. ♦ The project will benefit residents, workers, and industries of Tamil Nadu.  ♦ The economic corridors will build industrial competitiveness and generate job opportunities. 5 beneficiary states of Tamil Nadu:   ♦ The project targets four cities namely Tiruchirappalli, Ambur, Tiruppur, and Vellore to develop sewage collection and treatment and drainage systems. ♦ Under the project also focus to set up or rehabilitate sewage treatment plants, pumping stations.  ♦ It will connect all the households in the project area to the sewerage network, including below poverty line households. ♦ It also aims to improve water supply systems in the cities of Madurai and Tiruppur by commissioning of over 1,260 km of new distribution lines. It will connect nearly 190,000 households with metred water supply, including below poverty line households. ♦ The project will strengthen the capacity of the Commissionerate of Municipal Administration in Tamil Nadu.

    India, Sweden signed MoU for Healthcare Innovation Centre

    77 days ago
    India and Sweden have signed a Memorandum of Understanding (MoU) for India-Sweden Healthcare Innovation Centre in New Delhi. The MoU aims to deepen the collaboration in the field of innovation through the strategic innovation partnership.  MoU: ♦ The innovation Centre aims to develop an ecosystem of open innovation.  ♦ Also, the start-ups and the healthcare delivery stakeholders can collaborate and address current and future challenges in the healthcare sector. ♦ The MOU focuses on creating new partnerships within the public, private and academic sectors.  India-Sweden partnership: India-Sweden partnership has been active as the Joint Working Group has met ten times since 2009. The government is also planning to launch 22 new All India Institute of Medical Sciences (AIIMS) and 157 new Medical Colleges are at the development stage.

    India signed MoU with Qatar to set up University campus

    80 days ago
    Maharashtra's Savitribai Phule Pune University (STPU) and Qatar's Milestone International Education signed a memorandum of understanding (MoU) to enable the University to set up its campus in Doha.  Aim: The aim of the agreement is to provide opportunities in higher education to around 8 million Indian diaspora based in Qatar. MoU Provisions: ♦ The MoU will promote cooperation between the two institutions with the support of the government of the State of Qatar. ♦ It will open new avenues and opportunities for the Indian community in Qatar.  ♦ The students will not be compelled to send back their children to India for higher education due to the absence of the campus of any Indian University in Qatar. ♦ As per the MoU, the campus will be fully functional from next semester onwards.  

    India, Vietnam signed MoU for cooperation in the field of education

    83 days ago
    India signed a Memorandum of Understanding (MoU) with Vietnam to improve the field of education. The agreement came after the meeting between Defence Minister Rajnath Singh and Vietnam's Chief of the General Staff General Phan Van Giang. The MoU is signed during the visit of the military delegation of Vietnam People's Army (VPA) who are on a five-day official visit to India from 24-28 November 2019. Aim: The MoU was signed between India and Vietnam for cooperation in the field of education and scientific research.  Signed by: The MOU was signed by CP Ramnarayan, the Vice-Chancellor of Defence Institute of Advanced Technology and Lt General Nguyen Cong Dinh, the President of Vietnam's Military Technical Academy.  Vietnam: President: Nguyen Phu Trong Vice-President: Dang Thi Ngoc Thinh Prime Minister: Nguyen Xuan Phuc Capital: Hanoi Currency: Vietnamese dong (VND) Vietnam shares the land borders with: ♦ China to the north ♦ Laos and Cambodia to the west Maritime borders with: ♦ Thailand through the Gulf of Thailand ♦ Malaysia, Indonesia, and the Philippines through the South China Sea

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