Current Affairs on Memorandum of Understanding

ISRO, Oppo India collaborate to ramp up messaging service in oceans

To strengthen the Research and Development (R&D) of NaVIC or the Indian Regional Navigation Satellite System (IRNSS) messaging service, the Indian Space Research Organisation has signed a pact with Oppo India. NavIC is a messaging service platform, which provides regional navigation services covering the entire country As per the Memorandum of Undertaking (MoU), both ISRO […]

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KVG Bank signs agreement with Liberty General Insurance

Karnataka Vikas Grameena Bank (KVGB), a regional rural bank headquartered in Dharwad, has signed a memorandum of understanding (MoU) with Liberty General Insurance for selling general insurance products through 629 branches of KVGB. The company will provide a variety of general health insurance products to the customers with reasonably affordable cost. The bank has consistently

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Oppo, IIT-Delhi sign MoU for scholarship programme

Oppo India introduced the Genius+ programme to provide scholarships to outstanding students pursuing engineering courses at premium institutes. Under this Oppo has inked an MoU with IIT-Delhi to offer scholarships covering academic expenses for the shortlisted students. The program is aimed at connecting with youth at renowned institutes in India and reach out to the best talent who can further build India’s

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GHCL signs MoU worth ₹500 crore with Tamil Nadu

GHCL Limited, a chemical and textile company, has signed an MoU (Memorandum of Understanding) with the Government of Tamil Nadu for investing ₹500 crores in the State. As per the MoU, GHCL will set up 40,000 ring spindles in Manaparai, Tiruchirappalli district, to produce synthetic and synthetic blended yarn. GHCL also plans to develop an EHT (extra high tension) power transmission facility in

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India signs MoU with World Bank to improve quality of learning

The government of India, Andhra Pradesh, and the World Bank has signed the legal agreements for $250 million for a project to improve the quality of learning for over 50 lakh students in the state of Andhra Pradesh. Students from all grades and stages of school education will benefit from the project. Students from all

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Indian Army signs MoU with BISAG-N for development of technologies

The Indian Army has inked a Memorandum of Understanding with the Bhaskaracharya National Institute for Space Applications and Geo-Informatics (BISAG-N), Gandhinagar, Gujarat. Aim: Facilitate the exchange of knowledge and collaboration in the emerging technologies for the development of GIS and IT-based Enterprise Resource Planning Software, Training Content, Telecasting of Audio-Visual Content, Research and Knowledge Partnership,

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Bank of Baroda signs MoU with NCDEX e-Markets

India’s premium public sector bank, Bank of Baroda (BoB), on November 2 announced the signing of a Memorandum of Understanding (MoU) with NCDEX e Markets Ltd (NeML), to become a ‘clearing bank’ for the online, commodities’ market place and procurement platform. NEML, a wholly-owned subsidiary of agricultural commodity exchange, NCDEX, is an online commodities spot market and services company. The

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Axis Bank signs MoU with Indian Navy for salary accounts

Axis Bank has signed an MoU with the Indian Navy, offering a defence Service Salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative. The benefits include a personal accidental cover of up to ₹56 lakh to all navy personnel, veterans, and cadets. Also, additional up to ₹8 lakh children education grant; total permanent disability cover benefit

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Ministry of Rural Development inks MoU with Flipkart to enhance rural livelihoods

Flipkart, India’s homegrown e-commerce marketplace, has signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development of the Government of India (MoRD), for their ambitious Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM) program, to help empower local businesses and self-help groups (SHGs) – especially those that are led by women –

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Mahanadi Coalfields signs MoUs with CIPET for Skill Development Projects

Mahanadi Coalfields Limited (MCL), Ministry of Coal, under its CSR initiative has signed two MoU with an investment of Rs1.38 crore with the Central Institute of Petrochemicals Engineering & Technology (CIPET), Bhubaneswar for providing skill development training to the youths from the peripheral villages of mining areas. Two CSR initiatives/MoU named ‘Udaan’ and ‘Sahyog’ will help

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