 Airtel Payments Bank has partnered with Bharti AXA General Insurance to offer “Smart Plan Shop Package Policy” for the financial protection of the bank’s retailers and merchants. The policy will provide financial protection in case of damage to assets inside the shop due to fire and allied perils and burglary, among others, as covered in the product. |
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 The Ministry of Youth Affairs and Sports (MYAS) has partnered with UNICEF to strengthen the Government of India’s resolution to mobilise 1 crore youth volunteers to attain the goals of Atmanirbhar Bharat. To promote volunteerism among the youth of India, Ministry of Youth Affairs and Sports has signed a Statement of Intent with YuWaah (a multi-stakeholder platform formed by the UNICEF). |
| The partnership between the two will also help the transition of youth of India from education and learning to productive work, skilling and being active citizens. The partnership will support the young people in co-creating and implementing the solutions at scale while tackling education, skilling and unemployment challenges for young people in India. YuWaah in partnership with the Ministry of Youth Affairs and Sports will help youth of India in building and leading their own agendas and thrive. |
 The Central Board of Direct Taxes (CBDT) has signed an Memorandum of Understanding (MoU) with the Ministry of Micro, Small and Medium Enterprises, Government of India (MoMSME). As per the signed MoU, CBDT will share certain Income-tax Return (ITR) related information with MoMSME. The exchanged data will enable MoMSME to keep a check as well as to classify enterprises in Micro, Small and Medium categories as per the criteria. For the successful process of data exchange, both the organisations will appoint Nodal Officer and Alternate Nodal Officers. The MoU between the CBDT & MoMSME marks the beginning of a new era of cooperation and synergy between them. |
 The Indian Coast Guard (ICG) and Bakamla RI (Indonesian Coast Guard) have signed a memorandum of understanding (MoU) on ‘Maritime Safety and Security’ to boost maritime relations. India and Indonesia are historically connected through the Indian Ocean and it has been the resolve of both nations to ensure safe and secure sea passage for all seafarers in the region. This MoU will strengthen cooperation by augmenting information exchange mechanisms. This real-time Maritime Domain Awareness (MDA) will then be the foundation for controlling and responding to incidents of piracy, smuggling, drug trafficking, illegal migration and other such maritime crimes which will bring safety and security to the region and also result in protection of our precious marine environment. The MoU will also provide avenues to improve our interoperability and carry out joint search and rescue when required. |
 Mobility platform Ola has entered into a partnership with digital payments platform PhonePe to expand payment options for riders. The partnership will help the mobility platform enable better digital payments experience on its Ola app. Ola customers across the country can now pay for their ride using PhonePe. It will also benefit the digital payments platform in order to help it expand its user base. Ola’s customers can use all of PhonePe’s payment options, including the PhonePe wallet, to make payments in addition to UPI. Ola had recently launched its Ride Safe India encouraging customers to opt for digital payment channels amid Covid-19 to minimise the risk of exposure and avoid physical contact. |
 Indian Railway in collaboration with Bharat Heavy Electricals Limited (BHEL) has set up a 1.7 Megawatt solar power plant at Bina, Madhya Pradesh. The project involves the adoption of innovative technology for converting Direct Current to single-phase Alternating Current for feeding directly to Railway’s overhead traction system. The solar power plant has been established near the Bina Traction Sub Station (TSS). It can produce approximately 25 lakh units of energy annually and will save around ?1.37 crore for Railways every year. The project was undertaken by BHEL under its Corporate social responsibility (CSR) scheme. |
 Ministry of Housing & Urban Affairs has signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi). PM SVANidhi is a Special Micro-Credit Facility for Street Vendors. According to the MoU, PM SVANidhi Scheme will be implemented by SIDBI under the guidance of MoHUA. The credit guarantee to the lending institutions would also be managed by the SIDBI through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Small Industries Development Bank of India (SIDBI) will ensure effective implementation of the scheme by providing a Project Management Unit (PMU) consisting of domain experts in training/ capacity building, project and platform management, banking, NBFC and MFI sectors etc for the period of scheme, i.e. upto March 2022. SIDBI will also leverage the network of lending Institutions for the Scheme implementation. The lending institutions will include Scheduled Commercials Banks (SCBs), Non-Bank Finance Companies (NBFCs), Regional Rural Banks (RRBs), Co-operative Banks, Small Finance Banks (SFBs), etc. |
 Maruti Suzuki India (MSI) has collaborated with Karur Vysya Bank to offer simpler and flexible financing plans for new clients. Through the association with the bank, the company is trying to offer imminent purchasers exceptional plan of up to 100 per cent on-road funding with six months holiday period on all models, except van EECO, loans for both salaried and self-employed customers and repayment period up to 84 months. Karur Vysya Bank offers customers in-principle loan sanction in 15 minutes and existing customer of the bank can get their credits dispensed around the same time with the whole procedure from application to payment of the advance being digitalised with no manual intercession. |
 Council of Scientific & Industrial Research (CSIR) has partnered with Atal Innovation Mission (AIM) to promote innovation in India. AIM is a Government of India flagship initiative that promotes a culture of innovation and entrepreneurship in the country. Both organizations have signed a letter of intent to boost innovation ecosystem of the country. |
 The Asian Development Bank (ADB) and the Government of India have signed a $177 million loan to upgrade road infrastructure in the state of Maharashtra. The loan has been signed with prime objective of upgrading the 450 km of state highways and major district roads in the state of Maharashtra. The road improvement project consists of improving 2 major district roads and 11 state highways having the combined length of 450 km. The project will improve the connectivity to national highways, seaports, airports, industrial areas, rail hubs, interstate roads, district headquarters, enterprise clusters and agricultural areas. The project will also involve the strengthening of road safety measures with the development of a road safety audit framework that will led to the protection of vulnerable groups including the elderly, women, and children. 5-years performance-based maintenance obligations to contractors will be encouraged to sustain asset quality and service levels, hence updating road maintenance system. It will also train the Maharashtra Public Works Department project staff to enhance their capacity in climate change adaptation and disaster resilient features in various aspects such as road design, road maintenance planning and road safety. |
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