Current Affairs Agreements

  Multilateral funding agency Asian Development Bank (ADB) has announced that it has signed an agreement to provide USD 750 million equivalent in Indian rupee long-term financing to electrify railway tracks in India. It is the largest single non-sovereign loan ever committed by ADB to Indian Railway Finance Corporation (IRFC) to fund the railways track electrification project.
Source- The Economic Times

  The Department of Biotechnology (DBT) under Ministry of Science and Technologyand Department of Atomic Energy (DAE), under Prime Minister of India, has signed an MoU for supporting joint collaborative research programmes in the area of Cancer. The DAE was represented by its Tata Memorial Centre, which also functions as coordinating centre on behalf of The National Cancer Grid of India.
Source- Business Standard

  Tech Mahindra announced its biggest defence order worth over Rs 300 crore with the Indian Navy. As part of the ‘Armed Forces Secure Access Card’ (AFSAC) Project,Tech Mahindra will implement RFID (Radio Frequency Identification) based Access Control System across all naval bases and ships. The new AFSAC Card will replace the existing paper-based Identity Card for all Navy personnel including dependents and ex-servicemen. Using the CMMI (Capability Maturity Model Integration) level 5 processes, Tech Mahindra will develop a secure application to manage the access control devices, network devices and the AFSAC Card through a data centre.
Source- The Economic Times

  IBM India has tied-up with HDFC ERGO General Insurance Company, India’s third-largest non-life insurance provider in the private sector, to co-create new Artificial Intelligence (AI)-based solutions. Leveraging IBM Garage that uses data-driven insights to develop end-to-end strategies and solutions for business transformation, teams from HDFC ERGO and IBM Services will work together to develop and test new solutions.
Source: Livemint

 India signed the ‘Christchurch Call to Action’ in Paris. The agreement came in the backdrop of the attacks on mosques in March and is aimed at stopping the abuse of the Internet by extremists. The meeting held in Paris was attended by representatives of online giants like Microsoft, Google, Twitter, Facebook, and Amazon. India was represented by Ajay Prakash Sawhney, Secretary, Ministry of Electronics and Information Technology.
Source: The Hindu

 A tripartite MoU was signed between National Mission for Clean Ganga, HCL Foundation and INTACH for taking up a project of ‘Plantation of Rudraksh Trees in Uttarakhand’ as a part of CSR initiative under the ‘Namami Gange’ Programme. The project aims at planting 10,000 Rudraksh trees in the catchment area of river Ganga in Uttarakhand in association with local community and other stakeholders. It will also help in generating income for people residing in those areas.
Source- Press Information Bureau (PIB)

 India and the United Kingdom agreed to increase their collaboration in the fields of Indo-Pacific cooperation, climate change, disaster resilience, development in third world countries amongst other areas. The two countries held Foreign Office consultations, where the Indian side was led by Foreign Secretary Vijay Gokhale and the UK side was represented by Sir Simon McDonald, Permanent Under-Secretary, Foreign and Commonwealth Office of British Government.
Source- Business Standard

 Konkan Railways Corporation Ltd has signed a contract agreement with Nepal’s Department of Railways to supply two 1600 HP DEMU train sets. These trains will be used to operationalise railway link between Jayanagar in India and Kurtha in Nepal. The train sets will be manufactured by the Integrated Coach Factory, Chennai.  The agreement was signed in Kathmandu in the presence of Indian Ambassador Manjeev Puri and Nepal’s Secretary, Ministry of Physical Infrastructure and Transport Madhusudan Adhikari. Each train set will comprise of one driving power car, three trailer cars with one air-conditioned, one driving trailer car with standard accessories.
Source- News on AIR

  Tractor-manufacturer Tractors and Farm Equipment (TAFE) Ltd has signed an MoU with Petroleum Conservation Research Association (PCRA) to aid conservation of resources. Under the MoU, the association plans to jointly conduct agricultural workshops by involving TAFE’s dealership network. The workshop would help spread awareness on the advantages of better maintenance and upkeep of the tractors, resulting in lesser fuel consumption and maximising productivity, among others.
Source- Business Standard

  Commerce Secretary, Anup Wadhawan and Vice Minister, General Administration of Customs of China (GACC), Li Guo, held a meeting in New Delhi to discuss trade related issues of pending Indian request for clearance of agricultural products. Both sides agreed to resolve market access issues expeditiously in order to achieve the vision of the leaders of both India and China by promoting a more balanced trade. At the end of the meeting, a protocol was signed for export of chilli meal from India to China. 
Source- Press Information Bureau (PIB)



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