Current Affairs on Memorandum of Understanding

Tourism Ministry and AAA Limited sign MoU to promote domestic tourism

Tourism Ministry has signed a Memorandum of Understanding (MoU) with Alliance Air Aviation Limited to boost cooperation for the promotion and marketing of domestic tourism throughout the country. Alliance Air is the front runner in promoting the Regional Connectivity Scheme of the government which is being promoted under the scheme UDAN – (Ude Desh ka Aam Naagrik). The MoU […]

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Vedanta forms JV with Foxconn to manufacture semiconductors in India

Vedanta Group and Hon Hai Technology Group (Foxconn) on Monday announced the signing of an memorandum of understanding (MoU) to form a joint venture company that will manufacture semiconductors in India. The Indian mining major Vedanta has inked an MoU with Taiwanese electronics manufacturing company, Hon Hai Technology Group (better known as Foxconn) to form a joint venture (JV) for

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IIT-M Research Park, Saint-Gobain India sign MoU on renewable energy

Saint-Gobain India and the IIT Madras, Research Park have signed an MoU to develop a 100 per cent renewable energy, research park. Saint-Gobain would support IIT-M with a funding of Rs 1 crore over the next 3 years. The aim through this collaboration was to boost the transformation towards a low carbon future and to aid India in achieving 100% renewable energy.

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SBI inks MoU with Ministry of Culture for Development of Atmanirbhar Bharat Centre for Design (ABCD) at Red Fort

The State Bank of India (SBI) signed a Memorandum of Understanding (MoU) with the Indira Gandhi Centre for the Arts (IGNCA) and National Culture Fund (NCF) of the Ministry of Culture, for Development of Atmanirbhar Bharat Centre for Design (ABCD) at L1 Barrack, Red Fort, in Delhi. Atmanirbhar Bharat Centre of Design (ABCD) aims to

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TerraPay partners with NPCI International to boost cashless transactions for Indian customers

National Payments Corporation of India (NPCI) on Thursday said its international payments arm NPCI International Payments Limited (NIPL) has signed a memorandum of understanding with TerraPay, Netherlands-based global payments infrastructure company to allow Indians with an active UPI ID to receive real-time, international payments into their bank accounts via TerraPay’s secure payments technology. NPCI International

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IIMK LIVE and Indian Bank ink MoU to disburse loans upto Rs 50 Crore for Startups under ‘IndSpring Board’ Scheme

The Indian Institute of Management Kozhikode’s (IIMK) Business incubator Laboratory for Innovation Venturing and Entrepreneurship (LIVE) has signed a Memorandum of Understanding (MoU) with the Indian Bank to financially support early stage startups. Under the MoU, a startup funding scheme, ‘IndSpring Board’ has been launched. The inked agreement launched a startup funding scheme, ‘IndSpring Board’

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Adani Group inks MoU with South Korea’s largest steelmaker POSCO to develop steel mill in Gujarat

Industrialist Gautam Adani-led Adani Group and South Korea’s largest steelmaker POSCO have signed a non-binding memorandum of understanding (MoU) to explore business opportunities in India. This includes establishment of a green, environment-friendly integrated steel mill at Mundra, Gujarat. The estimated investment of the project is up to $5 billion (approx. Rs 37,000 crore). The non-binding

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Cabinet approves MoU with Nepal for construction of bridge over Mahakali river at Dharchula in Uttarakhand

Government of India announced that The Cabinet Committee on Economic Affairs (CCEA) has approved the Memorandum of Understanding (MoU) between India and Nepal to build a bridge over the Mahakali river at Dharchula in Uttarakhand. The bridge will connect the twin town of Dharchula in Uttarakhand with Dharchula in the territory of Nepal. The construction of the

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Andhra Pradesh tie-up with UN-FAO & ICAR for sustainable agriculture

The Government of Andhra Pradesh signed the Memorandum of Understanding (MoU) with the Food and Agriculture Organization (FAO) and Indian Council of Agricultural Research, New Delhi on the Technical Cooperation Project (TCP) for strengthening the capacities to support the farmers for adopting the sustainable Agri-food systems. The FAO apart, the Indian Council of Agricultural Research

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IIT-Delhi tie-up with IAF to improve indigenization efforts

The Indian Institute of Technology (IIT) Delhi signed an MoU with Indian Air Force (IAF) to support requirements towards indigenous solutions in various weapon systems. Under the MoU, The IAF has identified key focus areas involving the development of technology and finding indigenous solutions towards the sustenance of various weapon systems. The partnership between IIT Delhi and IAF

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