 India’s leading web-based business commercial centre Flipkart has signed a Memorandum of Understanding (MoU) with Karnataka State Mango Department and Marketing Corporation, to empower mango farmers to sell their produce online. This association will give farmers the genuinely necessary market access to shoppers, making a potential income stream during these testing times of coronavirus. As a part of the MoU, Flipkart will give its marketplace platform to the Mango Board farmer producer associations/venders, cultivators and dealers by selecting them on the platform. Flipkart has collaborated with different Fast-moving consumer goods (FMCG) and retail organizations to welcome a more extensive scope of essentials on its platform. With this association, the organization invasions into the farmer producer organisation’s community further adding to supporting the jobs of mango producers and the farmer community. |
 Power Finance Corporation (PFC), the central PSU under Ministry of Power has signed an MoU with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh, to fund various power projects to be executed in the State of Madhya Pradesh. The funds of worth Rs 22,000 crore will be deployed by NBPCL for setting up hydroelectric projects of 225 MW along with power components of 12 other major multipurpose projects to be executed in Madhya Pradesh. Some of the major multipurpose projects for which PFC has signed MoU with NBPCL includes Chinki Boras Multipurpose Project Narsinghpur Raisen Hoshangabad, Dudhi Project Chhindwara Hoshangabad, Basaniya Multipurpose Project Dindori, Sakkar Pench Link Narsinghpur Chhindwara etc. |
 REC Limited has partnered with TajSATS, a joint venture of IHCL and SATS Ltd, to provide nutritious meals to frontline healthcare workers. Both entities are leading the mission to provide meals to the medical staff in key government hospitals along with poor daily wage labourers across the nation. Over 18,000 meals are planned to be delivered in New Delhi through this initiative. REC Limited is a Navratna NBFC which has distributed more than 4.58 lacs Kilograms of food grains, 1.26 lac meal packets, 9600 litres of sanitizers, 3400 PPE kits and 83000 masks across the nation amid the nationwide lockdown due to COVID-19 pandemic. |
 A Memorandum of Understanding (MoU) has been signed by NTPC Limited, and Oil and Natural Gas Corporation Limited (ONGC) to set up a Joint Venture Company for Renewable Energy business. This partnership will enable both the companies to accelerate their mark in the field of Renewable Energy. With this tie-up, the two companies will explore the setting up of offshore wind and other Renewable Energy Projects in India as well as overseas. They will also seek opportunities in the area of sustainability, storage, E-mobility, and Environmental, Social and Governance (ESG) compliant projects. This tie-up will enhance NTPC’s Renewable Energy capacity addition program and also the presence of ONGC in the Renewable Power business. It will also help ONGC in achieving its ambition of adding 10 GW of renewable power to its portfolio by 2040. |
 Hyderabad Metro Rail Ltd in partnership with Paytm has launched a QR-code-based metro ticketing system at Rasoolpura metro station Hyderabad, Telangana. The new service will enable commuters to travel seamlessly and avoid queues to buy tokens at the metro stations. They can now simply purchase a QR ticket on their Paytm app, which can be displayed at the Automatic Fare Collection (AFC) gates to proceed for the journey. The feature will help over 14 lakh smartcard holders using the metro service. The company plans to extend the service to metro-feeder buses to ensure last-mile connectivity in the city. The QR-code-based ticket booking on our app will help in reducing congestion at the ticket counters. |
 E-commerce giant Amazon has partnered with the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) under Ministry of Housing and Urban Affairs. The partnership aims to facilitate e-marketing of products which are made by Self Help Groups (SHGs) across the nation in urban areas. It also aims to provide access of the products made by SHGs to the wider customer base. It will also strengthen the mission of creating sustainable livelihoods in urban areas. The partnership is also having an underlying narrative of women empowerment which will be instrumental in unleashing the natural entrepreneurial capability of urban women. The collaboration will also help in documenting and preserving the unique traditional art and crafts of different states. This kind of partnership was also done by DAY-NULM with Flipkart in the past. |
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 The Indian Institute of Technology (IIT), Mandi & Enabling Women of Kamand (EWOK) Society has inked a tripartite deal with the National Bank For Agriculture and Rural Development (NABARD) for setting up three Farmer Producer Organization in Mandi, Himachal Pradesh. NABARD has sanctioned an amount of Rs 35 lakhs to EWOK Society and IIT Mandi for 3 FPOs to be established in the next 3 years. |
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 India private sector bank, RBL Bank (formerly known as Ratnakar Bank ltd) inks partnership with Online food ordering and delivery app Zomato to launch co-branded credit cards, powered by Mastercard. This partnership will help the online food delivery platform further cement its position in India’s dining market by offering benefits such as Zomato credits on purchases, and increase the reach of its flagship membership program Zomato Gold. In the first twenty-four months, RBL, and Zomato are aiming to issue 1 million credit cards to Zomato’s users in India. The card that starts with an annual membership of ?500 (plus taxes) for the basic edition will also offer a complimentary Zomato Gold membership to its credit cardholders, apart from offering Zomato credits on online and offline spends. The premium edition is priced at Rs3,000 plus taxes. The card comes under two variants, the basic Edition Classic card and a more premium Edition Card. The key features of the basic card include Zomato credits with every use—that are linked to online and offline spend of the credit card users and can be redeemed at restaurants listed on Zomato; and those that accept Gold on dine-in; apart from a complimentary Zomato Gold membership (city variant). |
 India bagged a deal to supply 4 indigenously built radars (capable of locating weapons) to Armenia in Europe. The deal was worth 40 million USD. The move by GoI is to boost the defence sector of the country. The deal is a major achievement for the ‘Make in India’ programme in the defence sector. Under the deal, India will supply 4 SWATHI weapon locating radars. The weapon is to be developed by the Defence Research and Development Organisation (DRDO) and manufactured by Bharat Electronics Limited (BEL). Armenians had conducted trials of systems offered by Russia and Poland but they approved the Indian system, which was developed by DRDO. India began the supply of the equipment to Armenia. |
 The Indian Council of Agricultural Research, New Delhi signed a Memorandum of Understanding with the Patanjali Bio Research Institute, Haridwar. As per the MoU, the specific work plans will be developed to work on the collaborative research programmes in the areas of national interest related to sustainable agriculture development suitable to different agro-ecologies of the country. The ICAR and PBRI will collaborate in mutually identified areas of training and education where the Post Graduate students of Deemed Universities & Research Institutes of ICAR may undertake internships in various areas of specialization with PBRI. The ICAR will support PBRI in technology demonstration, capacity building, seed production for scaling up of the popular varieties developed by the ICAR and transferring them among the farming community of the country. The MoU aims to foster close interaction in research, capacity building, seed production, entrepreneurship and skill development. |
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