Current Affairs Agreements

  The 6th India-China Strategic Economic Dialogue (SED) begins in New Delhi. India will host the dialogue that will focus on collaboration between two countries on areas of infrastructure, energy, high-tech, resource conservation, pharmaceuticals policy coordination. From the Indian side, it will be chaired by NITI Aayog vice-chairman Rajiv Kumar and the Chinese side will be led by the chairman of the National Development and Reforms Commission (NDRC).
Source: The Business Standard

 Gujarat Government and the Delaware State of America signed Memorandum of Understanding(MoU) for sister state. This is the first sister-state MoU signed by Gujarat with any state of America. The cooperation in the field of services and investment opportunities in GIFT-IFSC (Gujarat International Finance Tec-City – International Financial Services Centre) discussed during the meeting. The sectors like Biotechnology University, biosciences, financial services, animal husbandry and dairy, port services are the fields related to which the cooperation.
Source: The News on AIR

  Microsoft India and the Central Board of Secondary Education have partnered to build AI learning for schools. They will conduct capacity building programmes for high school teachers with an aim to integrate cloud-powered technology in K12 teaching. The programme is for teachers of grades 8-10 and will be conducted in 10 cities across the country. The programme will provide teachers better access to the latest Information and Communication Technology (ICT) tools. Therefore, it will help the teachers to integrate technology into teaching in a safe and secure manner. The programme will also offer teachers the opportunity to become Microsoft Innovative Educators.
Source: The Live Mint

  Multi Commodity Exchange of India (MCX) and Zhengzhou Commodity Exchange (ZCE), one of the leading commodity exchanges in China, have signed a Memorandum of understanding (MoU) for co-operation and the exchange of information. The MoU is intended to facilitate cooperation between the two exchanges in areas such as knowledge sharing, education & training, organizing events as well as to explore areas of mutual interests between the exchanges.
Source: The Economics Times

  IT services major Wipro Limited has bagged a strategic contract valued at $300 million from the ICICI Bank. Under the contract, Wipro will offer a comprehensive suite of services to ICICI Bank for the next seven years, starting September 2019. Currently, Mumbai-based IT services firm Vara infotech provides these services to the ICICI Bank. As part of this strategic engagement, Wipro will absorb about 3,800 employees of Vara infotech along with its existing contracts, facilities and assets.
Source: The Hindu

  Employees’ State Insurance Corporation(ESIC) signed Memorandum of Agreement (MoA) with State Bank of India for direct transfer of benefits electronically into bank accounts of all stakeholders. As per an agreement signed between the two, SBI will provide e-payment services directly to bank accounts of all ESIC beneficiaries and payees without any manual intervention as an integrated and automated process through its cash management product e-payment technology platform.
Source: The Economics Times

  Reliance Power has signed a partnership agreement with Japanese energy major Japan’s Energy For a New Era (JERA). Reliance Power will hold 51 per cent stake, while JERA will hold 49 per cent stake in the joint venture company. They will jointly set up 750 mega watt gas-based combined cycle power project at Meghnaghat, Bangladesh.
Source: The Economic Times

  IIT Kharagpur has collaborated with Amazon Web Services (AWS) to develop a National Artificial Intelligence resource platform (NAIRP) to promote learning and development in artificial intelligence (AI). The National Artificial Intelligence Resource Portal (NAIRP) will provide access to compute facilities to users for AI learning and experimentation. Novice machine learning practitioners will be able to quickly search and get access to myriads of learning resources and prototype the learned concepts into hands-on running modules without being held back by the lack of resources.
Source: The Hindustan Times

  The Bangladesh government has signed an agreement with Reliance Power of India. As per the agreement, they will set up a 750 MW gas based power plant in Meghnahat near Dhaka. The construction of the plant will be completed by 2022. Reliance Power has also signed an MoU with Petro Bangla to set up 500 mmscfd (Million standard cubic feet per day) LNG terminal at Kutubdia Island near Chittagong in Bangladesh.
Source: The DD News

 Google and the Ministry of Electronics and Information Technology have signed a statement of intent to roll-out ‘Build for Digital India‘. It is a programme which will provide engineering students a platform to develop market-ready, technology-based solutions that address key social problems. Under this program, the applicants will participate in online and offline learning opportunities on key technologies like machine learning, cloud and android.
Source: The Live Mint


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