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 has approved- |
|
Source- Press Information Bureau (PIB) |
IndiaFirst Life Insurance Company Limited, a joint venture between Bank of Baroda, Andhra Bank and Legal and General (UK), has announced its tie-up with Oxigen Services India Pvt. Ltd., to establish the distribution of its insurance products at Oxigen retail outlets. Oxigen is one of the leading providers of money transfers and prepaid recharges as low as Rs. 10. |
Source- ANI News |
The Odisha government signed an MoU with the Regional Integrated Multi-Hazard Early Warning System (RIMES) for enhancing early warning system for effective management of all kinds of disaster in the state, including flood, drought, heat wave, lightning, and road accidents. The government also signed three more MoUs that would benefit the farmers and enhance their production. This agreement enables for development and pilot implementation of decision support systems for automating risk assessment, advisory generation and dissemination. |
Source- The Times Now |
Premier stock exchange Bombay Stock Exchange (BSE) has entered into an agreement with the Bombay Metal Exchange (BME) for the growth and systematic development of commodity derivatives markets in the non-ferrous metals complex. Through this MoU, the BSE and the BME will coordinate and work jointly on initiatives to deepen the understanding of commodity market among stakeholders. The BME, with its domain knowledge and unique stakeholders ranging from importers, traders to corporates, will assist the BSE in designing new and innovative deliverable products in commodities. |
Source- The Hindu Business Line |
NITI Aayog and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) have signed a Statement of Intent (SOI) to work together towards implementing a Proof-of-Concept (“PoC”) application using Blockchain Technology for fertiliser subsidy management. They will jointly develop the use case, undertake research, interact with multiple stakeholders, develop Blockchain solutions, exchange learnings, organise forums, and disseminate learnings across their networks. |
Source- AIR World Service |
NITI Aayog’s Women Entrepreneurs Platform has signed five Statements of Intent (SoIs) with financial institutions and social organisations to provide assistance to women entrepreneurs and address the finance-related challenges faced by them. The SoIs were inked with Shri Mahila Sewa Sahakari Bank Limited, Indiabulls Housing Finance Limited, SREI Infrastructure Finance Limited, Sreemanta Sankar Mission and the Self Employed Women’s Association (SEWA). Through its partner organisations, the WEP aims to create opportunities and support women to help them realise their entrepreneurial aspirations, scale up innovative initiatives, and chalk out sustainable and long-term strategies for their businesses. |
Source- DD News |
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 has approved-
|
Source- Press Information Bureau (PIB) |
Ministry of Health and Family Welfare, signed an MoU with Indira Gandhi National Open University (IGNOU) to scale up the short term healthcare courses through its available robust platform. The signing ceremony was presided over by Shri J P Nadda, Union Minister of Health and Family Welfare. The combined objective under this MoU is to scale up the health programs to create trained personnel in the healthcare sector and to set up a dedicated cell for developing, implementing and certifying the skill-based programs at IGNOU. |
Source- Press Information Bureau (PIB) |
India and Bangladesh have agreed to institute Coordinated Patrol (CORPAT) as an annual exercise between navies of two neighbouring countries. The first edition of CORPAT between two navies was inaugurated by Indian Navy’s Chief Admiral Sunil Lanba during his visit to Bangladesh. The aim Navy Chief’s visit was to consolidate bilateral defence relations between India and Bangladesh and to explore new avenues for naval cooperation. Indian Navy regularly conducts CORPATs with Indonesia, Thailand and Myanmar. |
Source- The Hindu |
Power distribution company BYPL (BSES Yamuna Power Limited) has signed an MoU with Business Finland, a Finnish government agency, for collaborative activities in different areas, including energy efficiency and electric vehicles. The three year MoU on 'cooperation in the power distribution sector' will encompass joint studies, pilot projects, knowledge-sharing and consultancy, research projects for inducting future and emerging technologies at the distribution utility level. |
Source- The Times of India |
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