Category: Agreements/MOU

Flipkart signs MoU with Govt. Of Karnataka To Promote Local Art, Craft and Handlooms Sector

July 11, 2020

• Flipkart, India’s homegrown e-commerce marketplace, and Department of MSME and Mines, Government of Karnataka have signed a Memorandum of Understanding to promote the state’s Arts, Crafts and Handloom sectors, by bringing them on to e-commerce and providing market access.
• The partnership will enable local artisans, weavers and craftsmen of Karnataka to showcase their hallmark products to a pan-India customer base.

CBDT and SEBI signed MoU for data exchange

July 10, 2020

• A Memorandum of Understanding (MoU) was signed today between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organizations.
• The MoU will facilitate the sharing of data and information between SEBI and CBDT on an automatic and regular basis.
• A Data Exchange Steering Group has also been constituted for the initiative, which will meet periodically to review the data exchange status and take steps to further improve the effectiveness of the data sharing mechanism.

Akash Missile: BDL inks license agreement & ToT with DRDO

July 9, 2020

• Akash missile was designed and produced by Defence Research and Development Organisation (DRDO) and manufactured by Bharat Dynamics Limited (BDL). Akash Missile is the first medium-range Surface to Air missile produced in India which can attack many targets from various directions.

IIT Alumni Council inks Agreement with CSIR-IGIB

July 9, 2020

• On 8th July 2020, an agreement has been inked between the Council of Scientific & Industrial Research- Institute of Genomics and Integrative Biology (CSIR-IGIB) and IIT Alumni Council for joint research work on COVID-19 and data of COVID-19 positive patients will also be analyzed jointly 

MoU between CBDT and SEBI inked

July 9, 2020

• A legal Memorandum of Understanding (MoU) was inked on 8th July between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organizations.
• MoU will promote the sharing of data and information between SEBI and CBDT on an automatic and regular basis.

UltraTech’s subsidiary to sell the whole stake in Chinese cement firm for $129 million

July 9, 2020

• Krishna Holdings, a subsidiary of UltraTech Nathdwara Cement, will trade its entire 92.5 percent stake in China’s Shandong Binani Rongan Cement for around $129 million. UltraTech Nathdwara Cement is a subsidiary of the UltraTech Cement.

Indian Coast Guard & Indonesia Coast Guard ink MoU to uplift maritime relations

July 8, 2020

• The Indian Coast Guard (ICG) and Bakamla RI (Indonesian Coast Guard) have inked a memorandum of understanding (MoU) on ‘Maritime Safety and Security’ to promote maritime relations.

CBSE pairs-up with Facebook to start curriculum on digital safety & augmented reality

July 7, 2020

• The Central Board of Secondary Education (CBSE) and Facebook have paired-up to start a curriculum on digital safety and online well-being and Augmented Reality for students and educators.

MoU inked in June 2020 under Nepal-Bharat Maitri

July 7, 2020

• Under the Nepal-Bharat Maitri project, on 16th June 2020, a Memorandum of Understanding (MoU) was inked between India and Nepal under which India will build a sanitation facility at the famous Pashupatinath Temple Complex in Nepal’s capital city Kathmandu.

India and Afghanistan sign 5 MoUs for the development of educational infrastructure

July 6, 2020

• India and Afghanistan inked five Memorandum of Understanding (MoUs) on July 5, 2020. The MoUs between the two countries have been meant for the development of educational infrastructure in 4 provinces of Afghanistan namely Farah, Nooristan, Kapisa, Badakhshan.