Category: Agreements/MOU

GoI partners with UNICEF to achieve AtamNirbhar Bharat

July 21, 2020

• GoI partners with UNICEF to achieve Atam Nirbhar Bharat by strengthening the youth volunteers in the country.
• The GoI has signed a statement with YuWaah of UNICEF to support young people in entrepreneurship, upskill young people, promote change and to provide career guidance support to young people.

To integrate AI Curriculum in 200 schools in India, CBSE ties up with IBM

July 19, 2020

• The Central Board of Secondary Education (CBSE) announced that the integration of Artificial Intelligence (AI) in the high school curriculum for Grade XI and XII for the current academic year (2020 – 2021) has been developed in collaboration with IBM.
• The curriculum is part of CBSE’s Social Empowerment through Work Education and Action (SEWA) program.
• The initiative is aimed at helping students to learn AI skills for social good.
• This curriculum will be launched in around 200 schools across Delhi-NCR, Karnataka, Tamil Nadu, Odisha, Kerala, West Bengal, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh, Uttar Pradesh, Rajasthan and Punjab (13 states of India)

AAI & BEL signs MoU for co-operation in the civil aviation sector

July 16, 2020

• Airports Authority of India (AAI) has entered into an MoU with Navratna defence PSU Bharat Electronics (BEL).
• Objective of this MoU is to provide a platform for both the companies to collaborate and support each other to address the emerging global opportunities in the airport business, including those in the Asia Pacific region.
• The MoU would provide for synergy between the two organisations in their respective domains, leading to mutually beneficial solutions in the field of aviation.

To help teachers to run online classes, Google partners with CBSE

July 16, 2020

• Google announced that it is partnering with CBSE, an Indian schooling body, to help 1mn teachers run online classes by year end.
• Google will help teachers from 22,000 schools across India to conduct classes online through tools such as YouTube, Google Classrooms, and GSuite.
• These tools will be available in eight Indian languages including Hindi & Gujarati.

Google will acquire 7.7 percent stake in Jio Platforms

July 16, 2020

• Google will acquire a 7.7% stake in Jio Platforms worth Rs 33,737 crore.
• For Google, this is the “first and biggest investment” from the recently announced $10-billion India fund by its CEO Sundar Pichai.
• The two companies will jointly develop an operating system for an entry-level smartphone that will support 5G and target India’s 350 million feature-phone users.

Visa Partners with Federal Bank to Deploy Visa Secure to the Bank’s Cardholders

July 14, 2020

• Visa, enters into partnership with Federal Bank to deploy Visa Secure to the bank’s cardholders.
• Visa Secure will provide additional authentication layers for issuers and merchants to combat online frauds.
• This partnership will enhance the focus of the bank on customer-centric digital solutions that make online shopping experiences seamless.

ADB Renews Pact with IEA to collaborate on Energy Sector

July 12, 2020

• ADB has renewed the Memorandum of Understanding (MoU) with the International Energy Agency (IEA) to further scale up collaboration and advance progress on sustainability on energy sector resilience in the Asia and the Pacific region.
• The three-year agreement, upto 2023, will enable the two organisations to share knowledge and best practice in energy sector data and analysis, on-the-ground engagement, capacity building, technology and innovation among other areas.

Qualcomm to invest Rs 730 crore in India’s Reliance Jio Platforms

July 12, 2020

• US chipmaking giant Qualcomm’s venture arm has invested Rs 730 crore (approximately $97 million) in Jio Platforms for a 0.15 percent stake. This is the 13th foreign investment in Reliance’s $65 billion digital business in a span of 12 weeks.
• The investment will deepen the ties between Qualcomm and Jio Platforms to support Jio Platforms on its journey to roll out advanced 5G infrastructure and services for Indian customers.

T-Hub partners with MeitY and Digital India to lead program for hardware startups

July 12, 2020

• T-Hub announced its partnership with the Ministry of Electronics and Information Technology (MeitY) and Digital India.T-Hub will lead Digital India’s Scale Up program for hardware and IoT startups across India.
• MeitY and Digital India aim to provide scale up opportunities to the startups and make them ready in terms of product, investment and new market access.

IIT-Hyderabad collaborates with NVIDIA to establish India’s first AI research center

July 11, 2020

• The Indian Institute of Technology Hyderabad (IIT-H) has collaborated with NVIDIA, a US-based multinational technology company, to establish India’s first ‘NVIDIA AI Technology Centre’(NVAITC) to accelerate research on Artificial Intelligence and its commercial adoption.
• The centre will focus on advancing AI research in the areas of Agriculture and Smart Cities besides Language Understanding, increasing crop yield, support safer transportation systems and better ways of managing traffic, among others.