Current Affairs Agreements

 Indian Bank has signed a bancassurance agreement with a standalone health insurance player, Max Bupa to provide Max Bupa’s suite of health insurance products to its customers. Under the agreement, Max Bupa will provide comprehensive health insurance solutions and services to over 40 million customers of Indian Bank spread across 2800 branch network, through a slew of digital touchpoints.
Source: The Hindu

  Tata Communications has partnered with Cisco to offer enterprises a secure, fully-managed, multi-channel, intelligent and cloud-based Cisco Webex Contact Center solution. This joint offering is an end-to-end managed solution and gives contact centre users a seamless user experience across up to 150 countries on the back of Tata Communications’ global network. The solution will allow for simplified licensing; pre-deployed hardware and software with integrations to workforce optimisation.
Source: The Economic Times

  The Directorate General of Training (DGT), under the skill development and entrepreneurship ministry, has signed an agreement with IT major IBM to carry out a nationwide Train-the-Trainer programme in basic artificial intelligence. As part of the programme, ITI trainers will be trained on basic artificial intelligence (AI) skills towards using technology in their day-to-day training activities. This programme aims at enabling the trainers with the basic approach, workflow and application of artificial intelligence that they can apply in their training modules.
Source: The Business Standard

  The Indian Space Research Organisation (ISRO) joined hands with Defence Research and Development Organisation (DRDO) for the development of human-centric systems for the Human Space Mission to demonstrate its human space flight capabilities. The purpose behind the development is to provide technologies for human-centric systems and technologies specific to the Human Space Mission. ISRO aims to demonstrate human spaceflight capability before the 75th anniversary of India’s independence in 2022.
Source: The Business Standard

  Kerala signs a memorandum of understanding (MoU) with the Maldives to strengthen cancer care in the island nation. The Kerala government and the Regional Cancer Centre (RCC) have jointly signed the MOU with the health ministry of Maldives as part of improving cooperation between the two countries. The MoU was signed between Maldivian Minister Abdulla Ameen and Kerala Health Minister KK Shylaja in the presence of the state Chief Minister Pinarayi Vijayan.
Source: The Business Standard

  Defence PSU Bharat Earth Movers Limited (BEML) and Wipro Infrastructure Engineering (WIN) have signed an MoU to work together in the areas of aerospace, industrial automation, 3-D printing, artificial intelligence and hydraulic system engineering. The MoU entails the two firms working together on projects, products, systems, services and projects for DRDO Labs and other government entities in India as well as overseas. Key focus areas include aerospace components and parts through SEZ, metal additive manufacturing and design optimization for new critical aggregates, legacy components & spares, and process automation.
Source: The Hindu

  The Railway Ministry signed a Memorandum of Understanding with Confederation of Indian Industry (CII) for evaluating the green initiatives and rate the performance of its industrial units pursuing environmentally sustainable practices. The MoU was signed for Green Business Centre (GBC) of CII to extend technical co-operation for various green initiatives. It has developed a GreenCo Rating system to evaluate the various steps and rate them. GBC will also assess and certify 3 industrial units of the Railways and organise studies on energy efficiency.
Source: The Business Standard

  The International Finance Corporation (IFC), part of the World Bank Group, has signed a Memorandum of Understanding with the Finance Industry Development Council (FIDC). FIDC is a representative body of asset and loan Financing Non-Banking Financial Company (NBFCs), to collaborate on the training of NBFCs in the country. According to the agreement, the training programs for NBFCs would be conducted on “Commercial Credit Reporting” aimed at building the capacity of NBFCs to enhanced reporting and enquiring on Commercial Credit Information Data from the Credit Bureaus.
Source: The Hindu

  India and Asian Development Bank (ADB) has signed 200 million dollar loan agreement. Under the agreement, they will upgrade rural roads in 34 districts of Maharashtra to improve road safety. The project aims to improve the condition of about 2,100 km of rural roads to all-weather standards, with climate resilience and safety features. It will also help in connecting rural communities with productive agricultural areas and socio-economic centres. The enhanced road connectivity and better access to markets will help the farmers increase agricultural productivity and incomes.
Source: The News On AIR

  The Gurugram traffic police have tied up with Google maps for real time traffic updates. The traffic related information will be shared in real time for public use. The information such as planned road closures, diversions, traffic alerts regarding road crash etc. will be shared by Gurugram traffic police with Google maps. Responding to the situation, Google maps will immediately update the information on its public maps. The basic idea behind this arrangement is to prompt commuters to make intelligent choices in order to make their commuting experience hassle-free.
Source: The Hindu


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