4 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.
♦ 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.
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.
4 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.
♦ 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.
4 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.
♦ 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
5 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.
5 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.
♦ 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 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.
8 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.
The aim of the agreement is to provide opportunities in higher education to around 8 million Indian diaspora based in Qatar.
♦ 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.
11 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.
The MoU was signed between India and Vietnam for cooperation in the field of education and scientific research.
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.
President: Nguyen Phu Trong
Vice-President: Dang Thi Ngoc Thinh
Prime Minister: Nguyen Xuan Phuc
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
12 days ago
The Union Cabinet approved the agreement signed between the Republic of India and the Republic of Chile to avoid double taxation. The countries signed the Double Taxation Avoidance Agreement (DTAA) and Protocol. The Agreement and Protocol will be implemented and monitored by the Ministry of Finance
The agreement aimed to eliminate double taxation and the prevention of fiscal evasion in both countries. It will avoid taxes with respect to income.
♦ DTAA will eliminate double taxation.
♦ The Agreement provides a clear allocation of taxing rights between the Contracting States. It is expected that it will provide tax certainty to investors and businesses of both countries while augmenting the flow of investment through fixing of tax rates in royalties, source State on interest, and fees for technical services.
♦ The agreement and protocol will implement minimum standards and other recommendations of the G-20 Organisation for Economic Co-operation and Development (OECD) Base Erosion Profit Shifting (BEPS) Project.
♦ It is expected that the BEPS Project will curb tax planning strategies that exploit gaps and mismatches in tax rules.
12 days ago
The Union Cabinet approved the Memorandum of Understanding (MoU) signed between India and Myanmar on bilateral cooperation. The MoU aimed to prevent trafficking in persons, rescue, recovery, repatriation, and reintegration of victims of trafficking.
♦ The MoU will deepen the relationship between the two countries. It will increase bilateral cooperation on the issues of rescue, recovery, prevention, and repatriation related to human trafficking.
♦ The MoU will prevent all forms of human trafficking and protect and assist the victims of trafficking
♦ It will ensure speedy investigation and prosecution of traffickers and organized crime syndicates in both countries.
♦ It will strengthen immigration and border controls cooperation and implementation of strategies with relevant Ministries and Organizations to prevent trafficking in persons.
♦ It will set up Working Groups and Task Force to make efforts to prevent human trafficking
♦ Develop and share database on traffickers and victims of trafficking in a safe and confidential manner and exchange information through designated focal points of India and Myanmar
♦ Capacity building programmes for the agencies concerned about both countries.
♦ The MoU will enable both the countries to formulate and adopt Standard Operating Procedures (SOP) for Rescue, Recovery, Repatriation, and Integration of the victims of trafficking.
12 days ago
Ashok Leyland has signed a Memorandum of Understanding (MoU) with ICICI Bank. The MoU aims to enter into a strategic financing partnership for two years.
♦ The agreement between the company and the bank will enable both the partners to offer customised financial solutions to customers across India with a focus on semi-urban and rural geographies.
♦ The MoU will allow both the organizations to leverage their strengths for the mutual benefit of the customers
♦ It will provide more impetus to the commercial vehicle sector as Ashok Leyland is to introduce technology-led and speedy credit and other financial solutions to the fleet owners of trucks and buses. It will also assist them in the growth of their business.
♦ The bank can offer banking products and services to the customers of Ashok Leyland and its dealers.
Founded on: 7 September 1948
Founded by: Raghunandan Saran
Headquarters: Chennai, Tamil Nadu, India
Parent Organization: Hinduja Group
♦ Ashok Leyland stands as the 4th largest bus manufacturer in the world
♦ It is India's second-largest commercial vehicle manufacturer
14 days ago
Singapore signed a memorandum of understanding (MOU) with South Korea to enhance cooperation and information-sharing on cybersecurity, according to a statement from the city-state's government.
The MOU signed by David Koh, chief executive of the Cyber Security Agency of Singapore, and Kim Seok-hwan, president of the Korea Internet & Security Agency. The MOU witnessed by Singapore Prime Minister Lee Hsien Loong and South Korean President Moon Jae-in.Singapore signed similar agreements with New Zealand, Canada, India, Australia, France, the Netherlands, the UK the United States.The city-state, a trade-reliant nation with a rapidly aging population, is trying to restructure its economy to make it a global center of innovation. As a hyperconnected financial hub, it's also been a target for hackers.
President: Moon Jae-in
15 days ago
All India Institute of Ayurveda (AIIA) signed a Memorandum of Understanding with Western Sydney University, Australia, in New Delhi. The MoU will promote collaboration in research and developing guidelines for integrating Ayurveda principles with modern medicine. Professor Barney Glover, Vice-Chancellor, Western Sydney University, Australia, and Prof. Tanuja Nesari, Director, All India Institute of Ayurveda (AIIA), signed the Memorandum of Understanding on 22nd November during the visit of the delegation led by Dan Tehan, Minister for education, Australian Government.
The memorandum agreed and exchange on the occasion of the event India Australia International Education and Research Workshop at Ambedkar International Center, New Delhi. Shri Ramesh Pokharial, Human Resource Development Minister and Dan Tehan Minister for Education, Australian Government, along with H.E Ms. Harinder Sidhu Australian High Commissioner to India.Both Institutions are committed to take the collaboration to the next Higher Level by identifying specific areas for collaboration in education, research, and practices of Traditional medicine while ensuring the quality standards and also by encouraging investment in traditional medicine related infrastructure.
India is a priority country among Australia’s international partnerships. The signed memorandum is another milestone in the history of the health care industry. Combining data-driven precision-based technologies and Ayurvedic medicine will be a valuable contribution to the Universe, specifically towards developing a safe and effective integration of traditional and complementary medicine.
17 days ago
Government e-Marketplace (GeM) signed an MoU with the Government of the National Capital Territory (NCT) of Delhi. The MoU aims to facilitate buyer organizations of Delhi towards a market-based procurement. The move is because Delhi has been consistently among the top buyers on GeM. The MoU was signed by Rajeev Kandpal, CFO & Joint Secretary of GeM and Neeraj Bharati, Special Secretary Finance of Government of NCT of Delhi.
♦ The MoU will expedite the harmonization of the procurement guidelines of the two entities and the integration of the systems, enabling seamless procuring experience.
♦ The MoU will provide more transparency, efficiency, and inclusiveness provided by the portal.
♦ With this MoU, GeM has now entered into MoUs with 30 States and UTs.
17 days ago
The Central Council for Research in Ayurvedic Sciences (CCRAS) signed a Memorandum of Understanding (MOU) with the Jawaharlal Nehru University (JNU) and Institute of Liver and Biliary Sciences (ILBS).
♦ Under the MoU, the institutes can cooperate in the field of research and development, training in Ayurveda, and traditional medicine.
♦ This will lead to translational research in Ayurveda through interdisciplinary approaches for global acceptance and understanding of the Indian knowledge system of medicine.
♦ The research collaboration between the institution will generate tangible evidence on fundamental principles of Ayurveda through multi-omics studies, the efficacy of Ayurveda interventions for emerging health challenges like non-alcoholic fatty liver disease (NAFLD).
17 days ago
Indian Institute of Management (IIM) Indore signed a memorandum of understanding (MoU) with Lal Bahadur Shastri National Academy of Administration (LBSNAA), Mussoorie. The MoU is in line with the vision to remain socially conscious and contribute to the society and nation.
♦ Under the MoU, the institutes can exchange faculty members for various training programmes, joint case study developments, and specially designed modules.
♦ It will strengthen technical cooperation through sharing experiences, knowledge, best practices in the area of capacity building of public officials and public-private education.
♦ The organizations have agreed for joint participation in research activities in the areas of public administration, management, and public policy.
♦ IIM-Indore academy will look at launching joint programmes that help administrators and corporates understand each other as well as look for collaborations. It will also explore Ph.D. programmes for the civil servants of LBSNAA and jointly write case studies.
Lal Bahadur Shastri National Academy of Administration (LBSNAA):
Established on: 1959
Located at: Mussoorie, Uttarakhand
Director: Dr. Sanjeev Chopra
The academy trains civil service officers of Indian Administrative Service (IAS), Indian Forest Service (IFS) and also for Group-A Central Services such as Indian Foreign Service (IFS) among others.
18 days ago
The Cabinet led by PM Modi approved an MoU signed between India and Finland to strengthen cooperation in the field of Tourism.
♦ The MoU will establish the basis for a cooperative relationship to encourage and promote successful bilateral cooperation in the field of tourism
♦ It allows the countries to share data, knowledge, expertise, etc. related to tourism
♦ Both the countries can also share their experiences in making policies, regulation and standards in planning, implementation, and development of tourism policy
♦ It facilitates the identification and expansion of joint projects, partnerships between companies in India and Finland through visits, meetings, workshops, co-creation sessions, and site evaluations
♦ The countries can exchange their best practices through workshops and study visits for experts of Finland and India on the field of cooperation
♦ It encourages the development of partnerships in the context of multilateral development programs and projects of international Financial Institutions.
India and Finland have a strong diplomatic and long economic relationship. The two countries aim to strengthen and develop an established relationship. For this purpose, the Ministry of Tourism, Government of the Republic of India and the Ministry of Economic Affairs and Employment, Government for Finland have signed a Memorandum of Understanding (MoU) to strengthen the cooperation in the field of Tourism. In the year 2018, 21239 Finnish tourists visited India.
19 days ago
Indian Railway Catering and Tourism Corporation Limited (IRCTC), a tourism arm of Indian Railways, signed a Memorandum of Understanding (MOU) with Karnataka State Tourism Development Corporation (KSTDC). The MoU aimed to market and operate the Golden Chariot train.
The MOU is in line with Prime Minister Narendra Modi's vision to promote tourism in India. It will also execute PM Modi's call to the countrymen to visit at least fifteen tourism spots in the country.
♦ Under the MoU, the KSTDC will hand over the reins of the train to IRCTC soon.
♦ IRCTC plans to revamp the train itineraries and to add different ideas that KSTDC offers. It can be expected that the new itineraries shall be a mix of history, culture, wildlife, and nature.
♦ IRCTC has proposed to include Bandipur, Mysore, Halebid, Chikmagalur, Hampi, Bijapur, and Goa in the itinerary.
♦ IRCTC will carry out an internal refurbishment of the train and begins the operations from March 2020.
♦ The Golden Chariot train, which started its operations in 2008, is an initiative by the Government of Karnataka in a joint venture with the Ministry of Railways.
20 days ago
The Union Ministry of Health and Family Welfare signed a memorandum of cooperation (MoC) with the Bill & Melinda Gates Foundation (BMGF). Under the MoC, Gates Foundation will provide technical, management, and program design support to the health ministry. The Centre aims to achieve universal health coverage in the country.
♦ Under the MoC, the foundation will share a special focus on innovation, best practices, and enhancing performance management as it will work closely with the government.
♦ The Foundation will support the Ministry’s work to strengthen the primary health aspects such as reducing maternal and child mortality, improving nutrition services, and increasing the immunization reach.
♦ The MoC will provide the ministry to put effort to increase access to family planning measures amongst younger women and reduce the burden of select infectious diseases such as Lymphatic Filariasis, Tuberculosis, and Visceral Leishmaniasis.
♦ It is expected that this partnership will strengthen the supply chains and monitoring systems. It will also focus on budget utilization, management, and skills of human resources for health, ultimately bolstering the entire health system.
25 days ago
Council of Scientific and Industrial Research (CSIR)-Central Electronics Engineering Research Institute (CEERI), Pilani, has partnered with Jaipur based startup Fleeca India.
The aim of the collaboration is to develop a Tyre Pressure Monitoring System (TPMS). The TPMS will help the driver to monitor tyres, possibly creating unsafe driving conditions like air leakage, tyre bust, and others.
♦ Under the collaboration, CEERI, Pilani will be mentored by veteran scientists and experts of Fleeca India for developing TPMS.
♦ CEERI's world-class R&D lab facility will help Fleeca India to perform critical testing, which is mandatory for product development. This will help the company to develop technology which will change the scenario of the logistics industry.
Established on: 1953
Chairman: Prime Minister Narendra Modi
Director: Dr. D. K. Aswal
Location: Pilani, Rajasthan and Chennai, Tamil Nadu
The institute has been established for advanced research and development in the field of Electronics.
25 days ago
CSIR (Council of Scientific and Industrial Research)-Institute of Microbial Technology (IMTECH), Chandigarh signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology (IIT) Bombay to promote collaborative research on 13 November.
The aim of the collaboration is to carry out research in areas of healthcare, especially in projects and missions where both the institutes can significantly complement each other. It aims to start new collaborations between the research institutes in India.
♦ The MoU will allow the institutes to exchange ideas, development of new knowledge, and enhance high-quality research acumen between the researchers and faculty of both the institutes.
♦ The MoU will benefit the institutes immensely by facilitating the exchange of faculty and students for the purpose of research, teaching, professional development programs, development and implementation of collaborative research projects, and capacity building efforts.
♦ The MoU will deepen, broaden interactions between the CSIR-IMTECH and IIT-Bombay.
CSIR-IMTECH was established in 1984. It is a national center for excellence in microbial sciences. The centre aims to discover and develop translational products and new drugs to address key unmet societal and medical needs.
30 days ago
Indian Bank signed a memorandum of understanding with Muthoot Microfinance to serve micro, small, and medium enterprises.
The memorandum of knowledge, the bank, and the non-banking finance company will jointly lend to the MSME borrowers.
Indian Bank general manager-MSME Sudhakar Rao exchanged documents with Muthoot Microfin deputy CFO Praveen T in the presence of the bank's managing director and CEO Padmaja Chunduru recently
Founded: 15 August 1907.
Headquarters: Chennai, Tamil Nadu.
It is an Indian multinational conglomerate headquartered in Kochi, Kerala. It has interests in Financial Services, Information Technology, Media, Healthcare, Education, Power Generation, Infrastructure, Plantations, Precious metal, Tourism, and Hospitality.
36 days ago
India and Uzbekistan are planning to sign two memorandum of understanding (MOUs) concerning military medicine and military education. The 2 MoUs were signed during the three-day visit of the Union Defence Minister Rajnath Singh to Uzbekistan, the Central Asian nation.
♦ Rajnath Singh paid tributes at a memorial of former Indian Prime Minister Lal Bahadur Shastri in Tashkent
♦ He represented India at the Council of Heads of Government meeting of the Shanghai Cooperation Organisation (SCO), which was held in Tashkent, Uzbekistan.
♦ He held bilateral discussions concerning defence co-operation between the countries with Uzbekistan Defence Minister Major General Kurbanov Bakhodir Nizamovich.
♦ They also discussed the co-operation between India and Uzbekistan on military education and military medicine.
37 days ago
The Indian Institute of Technology-Delhi (IIT-Delhi) is to collaborate with the Indian space agency, Indian Space Research Organisation (ISRO), to set up a Space Technology Cell (STC). It has also been proposed that IIT-Delhi will become an academic partner of ISRO in research areas like Artificial intelligence (AI), nanotechnology, functional textiles, smart manufacturing or any area of joint interest.
The Space technology cell will be focused to carry out the research projects in the space technology that remains with specific deliverables.
37 days ago
Government e-Marketplace (GeM) signed MoU with Indian Bank and Canara Bank for payment-related services.
About the MoU:
The MoU will provide a paperless, cashless, and transparent payment system on the GeM portal. The agreement will create an efficient procurement system for government entities. The MoU will provide both the banks an opportunity to offer an array of services, including fund transfer through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG), Earnest Money Deposit (EMD) and Payment Gateway to the registered users on the portal.
GeM's other measures:
♦ Apart from Indian Bank and Canara Bank, GeM works with other banks, Small Industries Development Bank of India (SIDBI), and Trade Receivables electronic Discounting System (TReDs), with a focus to provide financing of working capital and bill discounting.
♦ Currently, the cost of capital is linked to the performance and rating of a seller on GeM. This will ensure to help the sellers to access easy credit and do better business with the government.
♦ The GeM is to create of EMD pool account to make it easy for the sellers to comply with the EMD requirements as they respond to bids.
Government e-Marketplace (GeM):
Ministry of Commerce launched the Government e-Marketplace (GeM) initiative to offer a one-stop platform that provides an online procurement of common use goods and services that are required by various government departments, organizations, Public Sector Units (PSUs). GeM provides transparent tools for Direct Purchase, bidding, and reverse auction for government departments.
39 days ago
Odisha Government is to partner with Massachusettes Institute of Technology (MIT)-based Abdul Latif Jameel Poverty Action Lab (J-PAL), co-founded by Nobel laureates Abhijit Banerjee and Esther Duflo. The partnership aims for the targeted intervention in a set of social sectors, including the poorest of the poor, through policy formulation and evaluations based on experimental research. Regarding this, Odisha and J-PAL will sign an MoU on 31 October. The move by the Odisha State government is made under the 5T Initiatives of the state that look at transformative action.
Odisha- J-PAL partnership:
Under the partnership, J-PAL will work in at least eight districts of Odisha, including the KBK region, on the improvement of the poorest of the poor, women, and nutrition.
J-PAL would take large variables from the eight districts and match them with that are in the existing research models. It will devise the evaluation and policy formulations accordingly. J-PAL is known for conducting a comprehensive house-to-house survey to chalk out its research models.
39 days ago
Ministry of Railways signed an MoU with the Indian School of Business (ISB) for a strategic partnership. The MoU was signed by Shri Vinod Kumar Yadav, Chairman, Railway Board, and Professor Rajendra Srivastava, Dean, ISB.
♦ The comprehensive MoU various aspects, including executive education programs, developing research opportunities, developing case studies, and pedagogical materials. It aims to make the Railways an innovation and technology-driven future-ready organization.
♦ The MoU will allow Indian Railways to build leadership talent in a rapidly changing competitive environment. It will also facilitate research in areas of importance to the Railways.
♦ ISB will offer appropriate learning interventions, develop thought leadership, and initiate research programs to bring up an innovative railway in India's developmental processes.
♦ The Railway Board and ISB will also jointly conduct research in areas of mutual interest and develop case studies. ISB is expected to initiate an Executive in Residence Programme and involve senior executives of Indian Railways to participate. ISB Faculty will be selected, and they will advise the Railway Board in areas of mutual interest.
Indian Railways and ISB:
ISB is a global business school. It offers world-class management education across its two campuses at Hyderabad and Mohali. So far, the ISB has been training the Indian Railway officers for their mid-career training requirements. This MoU will further strengthen the collaboration.
43 days ago
India and South American nation Ecuador inked the Protocol for Completion of the Joint Feasibility Study (JFS) between the two countries, in line with the government’s efforts to expand its trade presence in the region.
The Protocol inked in New Delhi by Shyamal Misra, Joint Secretary, Ministry of Commerce and Industry, and Héctor Cueva, ambassador of Ecuador in India.
The analysis and exchange of information between the Ministry of Production, Foreign Trade, Investments, and Fisheries of Ecuador.MPCEIP and the Centre for Regional Trade IIFT the JFS concluded that the proposed Trade Agreement is both feasible and mutually beneficial.The two countries have great possibilities to contribute to the competitiveness of productive sectors in each Member country, and improving bilateral trade and enhancing the conditions for business cooperation. The Terms of Reference for the Joint Study were approved and signed by both countries. The Centre for Regional Trade, IIFT, from India, was assigned the task of conducting the study.
The Ecuadorian side assigned the task to the Coordination of Extra-Regional Trade Affairs Division of their Ministry of Foreign Trade and Investment for conducting the study.
45 days ago
The Central Government, Odisha State government, and the World Bank signed a loan agreement worth $65 million on 24 October to support smallholder farmers in the state. The loan agreement to support the Odisha Integrated Irrigation Project for Climate Resilient Agriculture program.
♦ The project The Odisha Integrated Irrigation Project for Climate Resilient Agriculture is implemented in Odisha's rural areas that are vulnerable to droughts and largely dependent on rainfed agriculture.
♦ The project is expected to benefit about 1,25,000 smallholder farmer households from 15 districts of Odisha, managing 1,28,000 hectares of agricultural land.
♦ It aims to strengthen the resilience of smallholder farmers against adverse climate by improving access to resilient seed varieties and production technologies, diversifying towards more climate-resilient crops, and improving access to better water management and irrigation services.
45 days ago
India signed a Memorandum of Understanding (MoU) with Pakistan on Kartarpur Corridor. The agreement will operationalize the Kartarpur Corridor that will pave the way for Indian Sikh pilgrims to visit the holy Darbar Sahib shrine in Pakistan. The Kartarpur corridor links two important Sikh shrines on both sides. India has asked Pakistan to reconsider its demand for charging $20 service fee a pilgrim.
Announcement by Home Ministry:
According to the rules laid by the Home Ministry:
♦ Elderly persons of about 75 years above and Children below 13 years should travel in groups.
♦ The pilgrims must travel in the morning and return the same day.
♦ Pilgrims are allowed to carry a maximum of Rs.11,000 and a 7kg bag, and will not be allowed to visit beyond the shrine.
♦ Pilgrims should carry eco-friendly material, preferably cloth bags, in order to keep the surroundings clean.
♦ The pilgrims are allowed only to visit Kartarpur Sahib and not anywhere outside.
♦ Pilgrims should register online, prakashpurb550.mha.gov.in, in advance, and register the proposed date of travel.
550th birth anniversary of Guru Nanak Dev:
On 9 November 2019, PM Narendra Modi is expected to flag off the first group of 550 pilgrims to Kartarpur Sahib. The agreement signed by the Indian government aims to open the Kartarpur Sahib Corridor on the 550th birth anniversary of Guru Nanak Dev. This will help the pilgrims from India and the people overseas can undertake a visit to the holy Gurdwara Kartarpur Sahib in Pakistan.
The Kartarpur corridor is being built by Pakistan and India. The corridor will connect Dera Baba Nanak in Gurdaspur and Gurdwara Darbar Sahib in Pakistan’s Kartarpur. Kartapur is the final resting place of Guru Nanak. The reconstruction of the corridor is to commemorate the 550th birth anniversary of Guru Nanak Dev, the founder of Sikhism, on 12 November.
45 days ago
India and the US signed a statement of intent (SOI) on key deliverables, including collaboration on strategic projects in the areas of unmanned aerial systems, small arms technology, and surveillance.
♦ The agreement aims to revitalize a defense technology sharing pact.
♦ The agreement also aims to speed up defense collaboration in critical areas, which was made at the 9th India-US Defence Technologies and Trade Initiative (DTTI) group meeting.
♦ DTTI meeting was co-chaired by Subhash Chandra, Secretary of Defence Production and Ellen Lord, the US Under Secretary of Defence for Acquisition and Sustainment.
♦ The two sides are also collaborating on two long-term projects, including one on countering unmanned aircraft systems.
46 days ago
The PM Narendra Modi led Union Cabinet approved the proposal for Agreement on Science & Technology Cooperation between India and the US on 24 October 2019.
♦ Under the agreement, both sides agreed to strengthen bilateral relations by a significant convergence of mutual interests in science and technology.
♦ Seminars and meeting will be held to deepen Science and Technology Cooperation
♦ Science and innovation-based public-private partnerships will be established
♦ The deal will provide an opportunity to promote high quality and high impact research and innovation partnerships between the countries.
♦ It will broaden and expand relationships between the extensive scientific and technological communities.
46 days ago
The Indian Institute of Technology Kanpur (IIT-Kanpur) has joined hands with NTT DATA Services, a global technology services firm, to support entrepreneurship among recent graduates.
The partnership aims to encourage young entrepreneurs who are working on path-breaking technologies with socio-economic impact in the various fields including agriculture, healthcare, energy, water & sanitation, and education.
♦ Under the partnership, NTT DATA Services will provide financial support to IIT Kanpur's Startup Incubation and Innovation Center (SIIC)
♦ NTT DATA will leverage technology to help advance research in academic disciplines to solve human, social and environmental challenges
♦ Startup Incubation and Innovation Center (SIIC) was established in 2000 in collaboration with the Small Industries Development Bank of India (SIDBI).
♦ SIIC aims to foster innovation, research, and entrepreneurial activities in technology-related areas.
♦ SIIC is one of the most successful technology business incubators in the country that promoted a culture of innovation among recent graduates.
46 days ago
The Government e-Marketplace (GeM) signed a memorandum of understanding (MOU) with the Federal Bank for payment-related services. The MOU was signed by S. Suresh Kumar, Addl. CEO, GeM and R. Vardharajan, Country Head - Government Business, Federal Bank.
♦ The MoU will offer a number of services, including advising of Performance Bank Guarantees (e-PBG), transfer of funds through GeM Pool Accounts (GPA), and Earnest Money Deposit (EMD) to the registered users on the portal.
♦ The MOU will provide a cashless, paperless, and transparent payment system on the portal.
♦ It will also create an efficient procurement system for government entities.
GeM's other measures:
♦ Apart from Federal Bank, GeM is working with Banks, Trade Receivables electronic Discounting System (TReDs), and Small Industries Development Bank of India (SIDBI) in order to provide bill discounting and financing of working capital.
♦ By this move, the cost of capital is now linked to the performance and rating of a seller on GeM. This will help the sellers to access easy credit and do better business with the government.
♦ GeM is planning to create of EMD pool account for making it easy for sellers to comply with the EMD requirements while responding to bids.
Government e-Marketplace (GeM):
GeM is an initiative launched by the Ministry of Commerce, the Government of India. It offers a one-stop platform that facilitates the online procurement of common use goods and services that are required by various government departments, organizations, Public Sector Units (PSUs). GeM also provides tools for Direct Purchase, bidding, and reverse auction in a transparent manner for government departments.
48 days ago
India and Switzerland have agreed to carry forward working together in the Rail Transport sector. The decision was made by the two countries at the 1st meeting of the Joint Working Group (JWG) held. The MoU for cooperation in the rail sector between the countries was signed in 2017.
At the high-level meeting, the Indian side was led by the Minister of Railways and Commerce & Industry, Shri Piyush Goyal, and the Swiss delegations were led by Her Excellency Simonetta Sommaruga, Hon'ble Federal Councilor and the Head of the Federal Department of the Environment, Transport, Energy & Communications.
The discussions in the 1st meeting of Joint Working Group focused on Freight and Passenger Cars, Railway Electrification Equipments, Multimodal transport, and tunneling technology. The two countries also agreed that a regular system of follow-up would be institutionalized to monitor the progress of interactions and implementation in a time-bound manner.
48 days ago
The Ministry of AYUSH signed an MoU with the Ministry of Defence to provide traditional medicine services at the hospitals and dispensaries of the armed forces. Minister of State for AYUSH Shripad Naik inaugurated an Ayurveda Palliative Care Unit at the Base Hospital in the Delhi Cantonment on 21 October 2019.
♦ The MoU aims to support the soldiers who work in challenging environmental conditions right from glaciers of Siachin to the deserts of Thar. The climatic conditions take a toll on their physical as well as mental health.
♦ Ayurveda and yoga will help them to attain the best of physical and mental health. It will also improve the endurance of the soldiers. Ayurvedic medicines and panchakarma procedures are effective in treating work-related musculoskeletal disorders.
♦ Under the MoU, AYUSH Ministry will establish Ayurveda units at palliative care centres at the Army Research and Referral Hospital, Air Force Hospital, Hindon in Ghaziabad, and five identified ex-servicemen Contributory Health Scheme (ECHS) polyclinics in Delhi.
48 days ago
India and Pakistan are to sign a Memorandum of Understanding (MoU) on 23 October for the opening of the Kartarpur corridor. The corridor will link two important Sikh shrines on either side. The Indian government has asked Pakistan to reconsider its demand for charging $20 service fee a pilgrim.
On 9 November, Prime Minister Narendra Modi would flag off the first jatha (group) of 550 pilgrims to Kartarpur Sahib. The move by the Indian government is to open the Kartarpur Sahib Corridor on the 550th birth anniversary of Guru Nanak Dev. This will help the pilgrims from India andthe people overseas Citizen of India Card can undertake a visit to the holy Gurdwara Kartarpur Sahib in Pakistan.
The Kartarpur corridor is being built by India and Pakistan to connect Dera Baba Nanak in Gurdaspur and Gurdwara Darbar Sahib in Pakistan’s Kartarpur, the final resting place of Guru Nanak. The reconstruction of the corridor is to commemorate the 550th birth anniversary of Guru Nanak Dev, the founder of Sikhism, on 12 November.
50 days ago
Indian President Ram Nath Kovind is on a five days visit to the Philippines. President Kovind held talks with his Philippine counterpart Rodrigo Duterte.
♦ India and the Philippines signed 4 MoUs during President Kovind's visit.
♦ The agreements include the sharing of white shipping information between the Philippine Coast Guard and the Indian Navy.
White shipping information is an exchange of advance information on the movement and identity of commercial non-military merchant vessels.
♦ India and the Philippines agreed to strengthen defence and maritime security partnerships and to make it a key pillar of bilateral cooperation between the countries.
♦ The two sides committed to work closely together to defeat and eliminate terrorism in all its forms.
♦ The leaders reaffirmed their active cooperation in political, counter-terrorism, defence, and security, trade, and investment as well as in agriculture, science & technology and health fields.
♦ India has committed itself to participate in infrastructure development as well as in defence modernization of the Philippines.
52 days ago
The Goa government signed a memorandum of understanding (MoU) with the Software Technology Parks of India (STPI) for setting up an information technology (IT) park at Dona Paula. The MoU signed at the Vibrant Goa Global Expo and Summit 2019, which is underway at the Dr. Shyama Prasad Mukherjee Stadium in Taleigao. The media approximately 14,000 square meters of land would be given to the STPI at Dona Paula for creating a startup and IT industry promotion activities in the state.
STPI is an autonomous body under the Ministry of Electronics and IT, New Delhi.The facility that will be created by investing around Rs 40 crore would go a long way in the promotion of the IT industry, entrepreneurship, and startup culture in the state of Goa. The project would house state-of-the-art incubation center, plug, and play, data center, warmer, and also a center of excellence to provide opportunities to Goan young boys and girls. He said that the STPI would also act as a facilitator for software export in this region.
They can develop their products and become entrepreneurs and startups in times to come. Under this initiative, we will promote young startups in the field of electronics and IT. The Chief Minister signed the MoU with the STPI for an incubation hub and innovation center for local startups. Under the terms of the MoU, the state government will provide the land, while STPI will be responsible for constructing the infrastructure. The proposed project, to be located at Dona Paula, is expected to be completed over two-and-half years. The center will be developed in such a manner that it becomes a research and resource center for all the startups that would like to convert their ideas into prototypes. STPI plays a vital role in the country in the promotion of software exports and entrepreneurship. Currently, STPI is setting up 28 centers of excellence across the nation. During the signing of the MoU event, the Chief Minister also distributed financial assistance cheques to local startup units. In all, 17 startups received checks under the Startup Goa Scheme.
52 days ago
The state electricity department tied up with the HDFC Bank for online payment of electricity bills wherein consumers in Goa can pay their bills digitally using the additional payment gateway.
Consumers will have an option to make payments through various modes such as credit or debit card of any of the bank, net banking of around 40-odd banks by visiting the department’s website – www.goaelectricity.gov.in.
The consumers who do not wish to pay the bills through the online option, they can visit the nearby department’s center and make payments using the PoS machine by using a credit or debit card of any of the banks powered by RuPay card or Visa or MasterCard.
HDFC Bank launched by Power Minister Nilesh Cabral in the city. The ATM wherein consumers can pay their bills round-the-clock as per their convenience. The 55 power transformers were damaged and that the initial assessment indicates a loss to the tune of Rs 8-10 crore. The electricity department had issued notices to the government departments, firms, and residents who have failed to clear the dues of Rs 382 crore.
The process of deducting the bill amount directly from the different departments budget heads, and I am confident that all bills of government departments will be cleared before March 31, 2020.
The Corporation of the City of Panaji to clear the pending dues for the power connection to Panaji municipal market in the next few days, then the supply to the market complex will be again disconnected by the department, adding that, installment facility has been offered to all the defaulters.
53 days ago
Madhya Pradesh State government is to sign an MoU with the National Organization of Software and Services Companies (NASSCOM) on 17 October. The agreement aims to create more jobs for the youth by promoting investment in information technology, sector. Madhya Pradesh Chief Minister Kamal Nath has approved the proposal. The move has been considered as an important step for the IT sector.
The MoU will be signed by Debjani Ghosh, President of NASSCOM. It will be signed in the presence of NITI Aayog CEO Amitabh Kant on 18 October at Indore.
The MoU will set up industries with good investment in the state. Employment opportunities will be provided to the youth through the IT sector.
Madhya Pradesh and NASSCOM:
♦ Madhya Pradesh State government is planning to use technology in governance to expedite the process of approvals, resolve issues, and clear pending work.
♦ The State government, along with Nasscom, is developing a system to provide a solution to the reported online issues by people to startups to get preliminary solutions.
♦ A designated panel will be formed that will come up with solutions to be implemented in governance.
54 days ago
International Institute of Information Technology (IIIT) Hyderabad signed a memorandum of understanding (MoU) with the European Business & Technology Centre (EBTC). The agreement aimed to establish a Living Lab on the institute’s campus. The lab will be set up by the end of 2020. The agreement will seek help from the Amsterdam Innovation Arena program, Netherlands.
♦ The lab will help startups gather real-time data on urban infrastructure.
♦ It will help startups to develop Smart Cities products that are on sustainable urban development.
♦ The institute will help the startups to test their products on the campus.
European Business & Technology Centre (EBTC):
EBTC was established in 2008. It is co-funded by the European Union (EN). It is headquartered in New Delhi. It is coordinated by EUROCHAMBRES, the Association of European Chambers of Commerce and Industry. It aims to promote European technologies and innovations to suit the local needs in India through various projects, programs, and initiatives by enabling Indo-European collaborations.
55 days ago
The Indian Institute of Technology-Madras (IITM) signed an agreement with ExxonMobil Research and Engineering Company (EMRE) for research on energy and biofuels. It is a five-year joint research agreement.
The research will focus on biofuels, data analytics, transport, gas, and conversion. It also intends to find low-emission solutions.
♦ The agreement will find new approaches to convert Indian agriculture residue biomasses into sugars and high-value chemicals.
♦ IIT-M and EMRE aim to deconstruct rice straw, bagasse, and other biomass varieties of Indian origin to produce sugars. These will directly feed into Exxon Mobil's bioconversion platform.
♦ The agreement aims to convert the lignin present in biomass to valuable phenols using novel catalysts. It will evaluate the environmental and economic implications of performing such conversions at scale.
55 days ago
The Khadi and Village Industries Commission (KVIC) won an Rs.5.88 crore deal from the Gas Authority of India Limited (GAIL) under KVIC's gift coupon scheme. GAIL agreed to gift Khadi coupons of Rs.2,500 to each of its 23,504 employees in all its units across the nation. The can Khadi and products of Village Industries worth Rs.3,250 from the coupon of Rs. 2,500. The employees can redeem the coupons throughout the year at all KVIC Departmental Sales Outlets.
Huge orders, like this, from government and PSUs, will increase the income of the artisans and also inspire new entrepreneurs to associate with Khadi with better job avenues. It creates a compounding effect on the livelihood of Khadi artisans and has been creating more jobs.
KVIC gift coupon scheme:
KVIC gift coupon scheme was launched for the first time in 2017. So far, gift coupons of face value worth Rs.89.29 crores have been sold. It indicates that people have started to adopt Khadi in place of other international brands.
Khadi and Village Industries Commission (KVIC) is formed under the Khadi and Village Industries Commission Act of 1956 by the Government of India. The apex organization functions under the Ministry of Micro, Small and Medium Enterprises (MSME). It aims to create employment in India's rural and urban areas.
56 days ago
The Indian Highways Management Company Ltd (IHMCL) signed a memorandum of understanding (MoU) with Goods and Services Tax Network (GSTN) on 14 October 2019. The GST Council gave in-principle approval for this integration.
The agreement aimed for the integration of FASTag with the GST e-way bill system. The MOU was signed at the One Nation, One FASTag conference.
FASTag is a reloadable tag that enables automatic deduction of toll charges and lets the vehicle pass through the toll plaza. The vehicles need not stop for a cash transaction.
The integration of the GST e-way bill system with FASTag will help revenue authorities track the movement of vehicles. It will ensure traveling to the same destination that the transporter or the trader had specified while generating the e-way bill.
56 days ago
Indian Institute of Technology (IIT)-Guwahati has partnered with Japan's Kyoto Institute of Technology (KIT). The partnership aims to organize an international symposium on Advances in Sustainable Polymers (ASP-19) from 14 October to 18 October at the KIT, Matsugasaki, Kyoto, Japan.
The symposium aimed to provide a platform for the researchers to share recent state-of-the-art advances in the area of sustainable polymers.
ASP-19 is the fifth international symposium of the ASP series. The symposium will include plenary lectures and invited lectures on recent advances in several aspects of sustainable polymer-based technologies.
♦ The first edition, ASP-14 was held in Guwahati in 2014
♦ The second edition, ASP-15 was held in Guwahati in 2015
♦ The third edition, ASP-16 was held at Kyoto in 2016
♦ The fourth edition, ASP-17 was held in Guwahati in 2017
ASP-19 is supported by Kansai Branch, the Society of Fiber Science and Technology, Japan, Mille-Feuille Structure Materials, Unitika Shusei-kai, the Society of Polymer Science, Japan, and Research Committee on Fundamental Fiber Science, the Society of Fiber Science and Technology Japan.
56 days ago
India and Sierra Leone signed six agreements to achieve self-sufficiency in rice production. The agreements include extending a credit line of $30 million for rice cultivation. The agreement was signed by Vice President Venkaiah Naidu during his 5-day visit to the West African countries.
♦ Mr. Naidu and Sierra Leone President Julius Maada Bio reaffirmed to further strengthening bilateral relations.
♦ Both sides agreed that the United Nations need to be reformed to address current global challenges.
♦ India extended concessional lines of credit to Sierra Leone of worth $123 million in various sectors such as agriculture, water, and transmission line.
♦ Sierra Leone has also availed lines of credit worth $49.45 million from ECOWAS Bank for Investment and Development (EBID) for projects in the solar and telecom sector out of Lines of Credit extended by India to EBID.
Sierra Leone is the Chairman of the African Union (AU) Committee of ten nations on United Nations Reforms, including UNSC reforms.
President: Julius Maada Bio
Vice-President: Mohamed Juldeh Jalloh
Official languages: English
Currency: Leone (SLL)
58 days ago
Sri Lanka signed a memorandum of interest (MoI) with the Indian dairy producers for the supply of milk and milk products.
The MoI signed at the inauguration of India's first-ever India International. The Cooperatives Trade Fair being organized at Pragati Maidan in New Delhi.
The Three MoIs have been signed with the Sri Lanka government which shown interest to buy milk from India.
The Tamil Nadu Milk Cooperative Federation that owns Aavin brand, Puducherry Milk Cooperative Federation that owns PonLait brand and fertilizer company Indian Potash Ltd have signed a separate pact with the Sri Lanka government for supply of milk.
India is the world's largest milk-producing nation, with around 70 million producers. The country's milk output is expected to reach 175 billion liters this year, nearly twice what the US, the second-biggest milk-producing nation, is expected to produce.
Capitals: Colombo, Sri Jayawardenepura Kotte
Currency: Sri Lankan rupee
Prime Minister: Ranil Wickremesinghe
58 days ago
Government e-Marketplace (GeM) signed a Memorandum of Understanding (MoU) with Union Bank of India (UBI) in New Delhi. UBI will be able to offer an array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the GeM portal.
The MoU will facilitate a cashless, paperless and transparent payment system on the portal and will create an efficient procurement system for government entities.
Online integration for payments and various banking services is one of the priorities for GeM. GeM has already signed MoU with 14 Public Sector and private banks to enable this. GeM is also working with others banks, TReDs, and SIDBI to provide invoice financing and Bill Discounting to the MSMEs registered on GeM. This will help MSMEs access easy credit and do better business with Government Departments.
Government e-Marketplace (GeM)
GeM is an initiative of the Government of India offering one stop platform facilitating online procurement of common use goods and services required by various government departments, organisations, Public Sector Units. GeM provides tools for Direct Purchase, bidding and reverse auction in a transparent manner for government departments.
Union Bank of India
CEO: Rajkiran Rai G.
60 days ago
Kerala Startup Mission (KSUM) has partnered with the Bahrain Economic Development Board (EDB). The aim of the partnership is to support technology startups. EDB is the investment promotion agency for the Kingdom of Bahrain. KSUM is the Kerala government organization that supports the startup ecosystem in the state.
Provisions of MoU:
♦ The MoU will promote innovation in the respective markets of the states in financial technology, information and communication technology (ICT) and related emerging technologies.
♦ The MoU aims to build business opportunities for both the country’s startups in the other’s market.
♦ The agreement includes the facilitation of delegation visits to Bahrain and India and collaboration on knowledge exchange and best practices regarding education programmes and curricula.
63 days ago
India and Bangladesh have signed an MOU to set up a coastal surveillance system radar in Bangladesh on 5 October. Delhi will enable the setting up the surveillance. The countries have decided to further expand connectivity network corridors to boost Delhi's Indo-Pacific strategy with Dhaka emerging as a key pillar in that vision.
Including this, India and Bangladesh signed MoUs to strengthen ties: The MoUs include:
♦ MOU to provide a Coastal Surveillance System
♦ Standard Operating Procedure (SOP) on the use of Chattogram and Mongla Ports for Movement of goods to and from India
♦ Withdrawal of 1.82 cusecs of water from Feni River by India for drinking water supply scheme for Sabroom town, Tripura
♦ Agreement concerning Implementation of the Lines of Credit (LoCs) committed by India to Bangladesh
♦ Between the University of Hyderabad and the University of Dhaka for the renewal of Cultural Exchange Programme
♦ Co-operation in Youth Affairs