Current Affairs Agreements

 BSE has entered a Memorandum of Understanding (MoU) with Network Intelligence, a global cybersecurity services provider to provide cybersecurity services to its members in line with the cybersecurity framework set by SEBI. Network Intelligence will be using its own developed platform – BlueScope to offer 24×7 cybersecurity operations to the members. Earlier, BSE had also associated with John Chambers’ backed Lucideus to secure stock brokers as per SEBI guidelines using SAFE.
Source: Moneycontrol

  The Ministry of AYUSH inked a Memorandum of Understanding (MoU) with Council of Scientific and Industrial Research (CSIR) for cooperation in research and education in areas of traditional systems of medicine and its integration with modern science. Earlier, CSIR and Ayush Ministry jointly developed the Traditional Knowledge Digital Library (TKDL) which prevents bio-piracy and misappropriation of traditional knowledge.
Source: Uniindia

  India’s largest IT services company, Tata Consultancy Services (TCS), has partnered with the Department of Posts in a bid to transform it into a multi-service digital hub. It will modernise the delivery of mail and packages, enhance customer experience, and launch innovative services that will drive new revenues.
Source: Livemint

  The Central Marine Fisheries Research Institute (CMFRI) and the Indian Space Research Organisation (ISRO) have joined hands to map, validate and protect smaller wetlands in coastal regions. The programme is aimed at restoring them through coastal livelihood programmes. The MoU was signed between the CMFRI and the Space Applications Centre of ISRO to develop a mobile app and a centralised web portal that will have a comprehensive database of wetlands that are smaller than 2.25 hectares in the country.
Source- The Hindu Business Line

 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals.  The important Cabinet Approvals are given as follows:
The Cabinet:
  • Approves MoU between India and Bolivia on Cooperation in the field of Geology and Mineral Resources.
  • Approves MoU between India and Cambodia on Cooperation in the field of Communications.
  • Approves MoU between India and Bolivia on Cooperation in the Field of Traditional Systems of Medicine and Homoeopathy.
  • Approves creation of one post of Deputy Comptroller and Auditor General in the office of Comptroller and Auditor General of India.
  • Approves Cooperation Agreement between India and Denmark in the field of Renewable Energy with focus on Offshore Wind Energy.
  • Apprised about MoU between India and Republic of Korea in issuing jointly Postage Stamp.
  • Approves Continuation of Phase 4 of Geosynchronous Satellite Launch Vehicle (GSLV).
  • Apprised about MoU between India and Brazil in the area of Biotechnology.
  • Source- PIB

      India and Sweden launched a joint programme that will work towards addressing a range of challenges around smart cities and clean technologies among others. The programme was co-funded by Indian Department of Science and Technology (DST) and Swedish agency Vinnova. Vinnova will provide funding to Swedish participants up to 2,500,000 Swedish Krona (around Rs1.87 crore) as a grant. On the Indian side, a conditional grant of up to 50% (with a limit of Rs1.5 crore) per project will be provided to the Indian partners.
    Source- The Hindu Business Line

      PAISALO Digital Limited signed the first co-origination loan agreement with State Bank of India, the first agreement of its kind in the country that State Bank of India has signed. Introducing a platform for the last mile customer, the loan ticket is designed at Rs 10,000 to 2 lakh. The company expects to disburse 200,000 loan applications in FY20. PAISALO Digital Limited is a leading systemically important non-deposit taking NBFC registered with the Reserve Bank of India, in operations since 1992. The agreement was signed with a vision of empowering the AGRI, MSME segment and small businesses.
    Source- The Hindu Business Line

     The BSE has signed a memorandum of understanding (MoU) with HDFC Bank with an objective to strengthen the BSE Startups platform. The MoU has been signed to spread more awareness on the benefits of the listing of startups on this BSE startup platform. The exchange had launched the startup platform in December, with an aim to encourage entrepreneurs to get listed and raise equity capital for their growth and expansion.
    Source: Economic Times

     The Indian Navy and Council of Scientific and Industrial Research (CSIR) inked an MoU to undertake joint research and development of advanced technologies for the Indian Navy. This will be a collaborative arrangement between labs of CSIR, the Indian Navy and Indian industry. The MoU provides a formal framework for interaction between the Indian Navy and CSIR.
    Source- India Today

     State-run power giant National Thermal Power Corporation has inked a term-loan agreement with Canara Bank to raise Rs 2,000 crore, which would be used to part finance its capital expenditure. The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of the NTPC.
    Source- Business Standard

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