Current Affairs Agreements

  The International Finance Corporation (IFC), part of the World Bank Group, has signed a Memorandum of Understanding with the Finance Industry Development Council (FIDC). FIDC is a representative body of asset and loan Financing Non-Banking Financial Company (NBFCs), to collaborate on the training of NBFCs in the country. According to the agreement, the training programs for NBFCs would be conducted on “Commercial Credit Reporting” aimed at building the capacity of NBFCs to enhanced reporting and enquiring on Commercial Credit Information Data from the Credit Bureaus.
Source: The Hindu

  The Railway Ministry signed a Memorandum of Understanding with Confederation of Indian Industry (CII) for evaluating the green initiatives and rate the performance of its industrial units pursuing environmentally sustainable practices. The MoU was signed for Green Business Centre (GBC) of CII to extend technical co-operation for various green initiatives. It has developed a GreenCo Rating system to evaluate the various steps and rate them. GBC will also assess and certify 3 industrial units of the Railways and organise studies on energy efficiency.
Source: The Business Standard

  India and Asian Development Bank (ADB) has signed 200 million dollar loan agreement. Under the agreement, they will upgrade rural roads in 34 districts of Maharashtra to improve road safety. The project aims to improve the condition of about 2,100 km of rural roads to all-weather standards, with climate resilience and safety features. It will also help in connecting rural communities with productive agricultural areas and socio-economic centres. The enhanced road connectivity and better access to markets will help the farmers increase agricultural productivity and incomes.
Source: The News On AIR

  The Gurugram traffic police have tied up with Google maps for real time traffic updates. The traffic related information will be shared in real time for public use. The information such as planned road closures, diversions, traffic alerts regarding road crash etc. will be shared by Gurugram traffic police with Google maps. Responding to the situation, Google maps will immediately update the information on its public maps. The basic idea behind this arrangement is to prompt commuters to make intelligent choices in order to make their commuting experience hassle-free.
Source: The Hindu

  National Institution for Transforming India (Niti Aayog) has selected McKinsey & Company to set up India’s first Digital Capability Centre (DCC). McKinsey supports five such digital capability centres across the globe – Aachen, Chicago, Singapore, Venice, and Beijing. DCC is a unique digital manufacturing learning centre offering company leaders and their workforces hands-on experience and workshops in next-generation technology to help them advance their operations, design and productivity and can be used at all levels of the value chain.
Source: The Economics Times

  Hiranandani Group energy arm H-Energy has signed a port service agreement with Kakinada Seaports Limited. As per the agreement, they will develop a liquified natural gas (LNG) regasification and reloading terminal at Kakinada port. The project will cater to the needs of domestic customers in the state of Andhra Pradesh. KSPL has the concession for Kakinada Deep Water Port from the Government of Andhra Pradesh.
Source: The Hindu

  The 6th India-China Strategic Economic Dialogue (SED) begins in New Delhi. India will host the dialogue that will focus on collaboration between two countries on areas of infrastructure, energy, high-tech, resource conservation, pharmaceuticals policy coordination. From the Indian side, it will be chaired by NITI Aayog vice-chairman Rajiv Kumar and the Chinese side will be led by the chairman of the National Development and Reforms Commission (NDRC).
Source: The Business Standard

 Gujarat Government and the Delaware State of America signed Memorandum of Understanding(MoU) for sister state. This is the first sister-state MoU signed by Gujarat with any state of America. The cooperation in the field of services and investment opportunities in GIFT-IFSC (Gujarat International Finance Tec-City – International Financial Services Centre) discussed during the meeting. The sectors like Biotechnology University, biosciences, financial services, animal husbandry and dairy, port services are the fields related to which the cooperation.
Source: The News on AIR

  Microsoft India and the Central Board of Secondary Education have partnered to build AI learning for schools. They will conduct capacity building programmes for high school teachers with an aim to integrate cloud-powered technology in K12 teaching. The programme is for teachers of grades 8-10 and will be conducted in 10 cities across the country. The programme will provide teachers better access to the latest Information and Communication Technology (ICT) tools. Therefore, it will help the teachers to integrate technology into teaching in a safe and secure manner. The programme will also offer teachers the opportunity to become Microsoft Innovative Educators.
Source: The Live Mint

  Multi Commodity Exchange of India (MCX) and Zhengzhou Commodity Exchange (ZCE), one of the leading commodity exchanges in China, have signed a Memorandum of understanding (MoU) for co-operation and the exchange of information. The MoU is intended to facilitate cooperation between the two exchanges in areas such as knowledge sharing, education & training, organizing events as well as to explore areas of mutual interests between the exchanges.
Source: The Economics Times


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