Current Affairs Agreements

  The Office of the Principal Scientific Adviser (PSA) to the Government of India and Indian Institute of Technology Delhi (IIT Delhi) signed an MoU in New Delhi for setting up a Centre of Excellence (CoE) for Waste to Wealth Technologies for implementation of sustainable, scientific and technological solutions for waste management. The waste to wealth mission project has been approved under the recently constituted Prime Minister’s Science Technology and Innovation Advisory Council (PM-STIAC), which is an overarching body for assessment, creation, and implementation of major scientific, technology and innovation interventions for India.
Source: Press Information Bureau

 To nab tax evaders and reduce black money generation, the Central Board of Direct Taxes (CBDT) and Goods and Services Tax Network (GSTN) signed an agreement to facilitate the exchange of data between the two. The I-T department will share key financial information, including the status of I-T return filings, turnover of business, gross total income, and turnover ratio among others with GSTN, the information technology backbone of the two-year-old indirect tax regime.
Source- Press Information Bureau (PIB)

  The United Nations and the European Union (EU) have signed a joint framework aimed at strengthening partnership in counter-terrorism efforts. The UN Office of Counter-Terrorism announced that the framework was enacted on the occasion of the second EU-UN high-level political dialogue on Counter-Terrorism that was held in New York. The UN-EU initiative will focus on terrorism and violent extremism prevention in Africa, the Middle East, and Asia, as well as support victims and promote the reintegration of terrorism offenders.
Source- DD News

  Indian Army signed a Memorandum of Understanding (MOU) with National Hydroelectric Power Corporation (NHPC) Limited, to build four underground tunnels along China and Pakistan borders for storage of ammunition and other war-related equipment. Three tunnels will be built along the Chinese border and one tunnel will be built along the Pakistan border. The tunnel can store 175-200 metric tonnes of ammunition and the cost of this pilot project is around Rs 15 crore.
Source: Business Standard

 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

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