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APEDA inks MoU with SFAC for development of agriculture sector

APEDA

  • Agricultural and Processed Food Products Export Development Authority(APEDA) and Small Farmers Agribusiness Consortium(SFAC) has inked an MoU for the upliftment of agriculture and allied sectors as well as its exports for bringing better value to the stakeholders.

Key takeaways of the MoU signed by APEDA and SFAC:

  • As per MoU, APEDA and SFAC will cooperatively work to link up the FPOs with the exporters.
  • They will also work towards capacity upliftment, awareness programs, outreach programs and workshops of various stakeholders.
  • APEDA will facilitate certification of organic produce/areas by the Farmer Producer Companies (FPCs) assisted or identified by SFAC.

JICA and PNB tie-up to raise $75 million

PNB Housing Finance
  • Japan International Cooperation Agency(JICA) and Punjab National Bank Housing Finance have tied up to raise $75 million.
  • CitiBank will be Co-financing $25 million to finance mortgage loans.

IIL pairs up with Griffith University to prepare COVID-19 vaccine

IIL pairs up with Griffith University to prepare COVID-19 vaccine
  • Indian Immunologicals Limited(IIL) has tied up with Australia’s Griffith University to make the COVID-19 vaccine using the latest codon de-optimization technology.
  • It will go with the Central Drugs Standard Control Organisation (CDSCO), to carry out clinical trials.

Flipkart signs tie-up with ICICI Lombard to offer a health plan for COVID-19

Flipkart
  • Flipkart Private Limited signs tie-up with ICICI Lombard General Insurance Company Limited & Go Digit General Insurance to initiated two health insurance policies.
  • The name of the two policies that specifically cover coronavirus is ‘COVID-19 Protection Cover’ and ‘Digit Illness Group Insurance’.

IBM and Tech Mahindra tie-up to set up innovation centers

ibm
  • International Business Machines Corporation(IBM) has tied-up with Tech Mahindra Limited to setup innovation centers in Bengaluru for setting up cloud based infrastructure in India. Later more will centers will be setup in different parts of US and United Kingdom.

Bharti Airtel and Nokia sign pact to improve network connectivity

agreement
  • Bharti Airtel and Nokia has signed an agreement worth $1 Billion to improve the network infrastructure and connectivity within the country.
  • This agreement will prove beneficial in improving the network connectivity and providing better coverage and signal strength to users.

India inks MoUs with Russia for coking coal

India inks MoUs with Russia for coking coal
  • India and Russia inked their energy partnership by increasing crude oil imports from Russia and possibly signing a memorandum of understanding to import coking coal to meet the demands of the Indian steel industry.

NRAI pairs-up with DotPe to build a tech platform

AI
  • National Restaurants Association of India (NRAI) has paired-up with fintech start-up DotPe to develop its own tech platform which will let them with online payments for digital ordering, bill settlements, and contactless dining.

China declares USD 2 billion aid at WHO assembly

China
  • China has declared to give USD 2 billion over two years to combat the COVID-19 at WHO assembly with an intention of supporting COVID-19 response efforts, especially in developing countries.

MoU signed between NTPC and ONGC for renewable energy.

Oil and Natural Gas Corporation (ONGC)
National Thermal Power Corporation Lts. (NTPC)
  • National Thermal Power Corporation Ltd. (NTPC) and Oil and Natural Gas Corporation Ltd. (ONGC) has signed an MoU for setting-up renewable energy infrastructure within the country and overseas as well.

Airtel Africa and UNICEF come up to support families affected due to COVID-19

UNICEF
  • Airtel Africa and the United Nations Children’s Fund (UNICEF) has partnered to support families affected due to the COVID-19 pandemic. 
  • Airtel Africa in partnership with top educational websites will provide access to digital content in remote areas without any cost.
  • Countries that will be benefited are: Niger, Rwanda, Tanzania, Zambia, Nigeria, Gabon, Kenya, Congo, Democratic republic of Congo, Chad, Uganda, Madagascar, and Malawi .

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