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India-Australia sign Economic Cooperation and Trade Agreement (IndAus ECTA)

India and Australia on Saturday signed an Economic Cooperation and Trade Agreement (ECTA) that seeks to almost double bilateral trade in the next five years to $45-50 billion from $27 billion now. India and Australia began the process for ‘IndAus ECTA’ from September 30, 2021. The ECTA was signed by Indian Union Minister of Commerce and Industry, Shri […]

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Inox Leisure to merge with PVR in an all stock amalgamation

The respective Board of Directors of multiplex chains PVR Ltd and Inox Leisure (INOX) have approved an all stock amalgamation of Inox with PVR. Cinema theatre owners PVR and Inox Leisure on Sunday announced merger of their businesses to create the largest multiplex chain in the country with a network of more than 1,500 screens

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NMDC Sign MoU with IIT Kharagpur for drone-based mineral exploration

National Mineral Development Corporation, NMDC Ltd, the country’s largest iron ore producer, has signed a memorandum of understanding (MoU) with IIT Kharagpur for drone-based mineral exploration. The NMDC Limited is a government owned mineral producer, under Ministry of Steel, and the largest Iron Ore producer in India. With this MoU, NMDC becomes the first CPSE

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AJ-NIFM & JNU enter into MoU for award of MBA degree

Arun Jaitley National Institute of Financial Management (AJ-NIFM) has signs MoU with Jawaharlal Nehru University (JNU) for promoting exchange and cooperation in the area of academics and strengthening the professional competence of Civil and Defence Officers. It will facilitate award of MBA Degree in Finance and MBA Degree in Financial Management by JNU to experienced candidates from Government.

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India and World Bank sign $125 Million Loan for Social Protection Services

Govt of India, Govt of West Bengal, and World Bank has signed $125 million IBRD loan to support efforts to help poor and vulnerable groups access social protection services in West Bengal. West Bengal runs more than 400 programs for social assistance, care services, and jobs under umbrella platform called Jai Bangla. West Bengal Building State Capability for

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India signs Host Country Agreement with ITU

Union Minister, Ashwini Vaishnaw has signed the Host Country Agreement (HCA) with Houlin Zhao, Secretary-General of International Telecommunication Union (ITU) for the establishment of an Area Office & Innovation Centre of ITU in New Delhi. ITU: UN specialized agency for information and communication technologies. ITU currently has a membership of 193 countries. Area Office and Innovation Centre: It is expected to serve

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Japan and India renews the Bilateral Swap Arrangement (BSA) worth USD 75 billion

The Bilateral Swap Arrangement (BSA) between Japan and India has been renewed, with a value of up to USD 75 billion. The actual Bilateral Swap Arrangement (BSA) was signed between Bank of Japan and Reserve Bank of India in 2018. What is Bilateral Swap Arrangement (BSA) The BSA is a two-way agreement in which both

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WEF signs MoU with NIUA to collaborate on ‘Sustainable Cities India program’

World Economic Forum has signed MoU with National Institute of Urban Affairs (NIUA) to collaborate on ‘Sustainable Cities India program’. Aim: to create an enabling environment for cities to generate decarbonization solutions across the energy, transport, and the built environment sectors. Sustainable Cities India program enable cities to decarbonize in systematic and sustainable way that will reduce emissions and deliver resilient

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MoD signs contract with BEL for retro-modification of Battle Tanks T-90

Acquisition Wing of Defence Ministry has signed a contract for Rs 1075 crore with Bharat Electronics Limited for retro-modification of Commander Sight of Battle Tanks-T-90. Retro-modification will be carried out in 957 T-90 tanks of Indian Army. It will provide further boost to ‘Make in India’ initiative of the government. Commander sight of Battle Tank T-90: India’s premier battle

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WEF and National Institute of Urban Affairs signs MoU to jointly designed ‘Sustainable Cities India program’

The World Economic Forum and the National Institute of Urban Affairs have signed a Memorandum of Understanding to collaborate on a jointly designed Sustainable Cities India program. The program is aimed to create an enabling environment for cities to generate de-carbonization solutions. The program also intends to enable cities to decarbonize in a systematic and

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