 An agreement has been signed between India and the African Union to establish an India-Africa health sciences collaborative platform. The MoU will pave the way for cooperation in research and development, capacity building, health services, pharmaceutical trade and manufacturing capabilities for drugs and diagnostics. To carry forward the vision of a structured and concrete partnership in the health sector, the MEA partnered with Indian Council of Medical Research and had jointly organised the first India-Africa Health Sciences Meet in 2016 in New Delhi. |
| Source- DD NEws |
 India and the US signed an agreement for exchange of country-by-country (CbC)report. The move will give huge relief to subsidiaries of US-headquartered companies in the taxation-related matter. The agreement was signed by PC Mody, Chairman, Central Board of Direct Taxes (CBDT), and Kenneth I Juster, US Ambassador to India. The agreement for the exchange of CbC reports, along with the Bilateral Competent Authority Arrangement between the two competent authorities, will enable the two countries to automatically exchange the reports filed by the ultimate parent entities of the multinational enterprises in the respective jurisdictions pertaining to the years commencing on or after January 1, 2016. |
| Source- The Hindu Business Line |
 Infosys, a global leader in next-generation digital services and consulting, and Roland-Garros Grand Slam tennis tournament, also called the French Open, announced a three-year strategic technology partnership. The partnership aims to re-imagine the tennis experience for the fans and the players globally. |
| Source: Business Standards |
 The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows: |
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The Cabinet:
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 Oman has signed an agreement with the United States of America that allow American ships and warplanes to take advantage of his ports and airports. The framework agreement is aimed at bolstering Omani-American military relations. The agreement will allow the US forces to take advantage of the facilities offered at some of the Sultanate’s ports and airports during visits of the US military vessels and aircraft. The US-Omani deal was signed by the defence ministries of both countries. |
| Source- Press Information Bureau (PIB) |
 Asian Development Bank (ADB) has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB’s Ordinary Capital Resources and Leading Asia’s Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agency (JICA) which is administered by ADB. |
| Source- The Economic Times |
 Maldives finance ministry has signed an agreement with India’s Export-Import Bank (EXIM) for line of credit (LOC) of 800 million US dollars to finance the new government’s infrastructure projects. The agreement was signed in presence of External Affairs Sushma Swaraj who was on a 2-day visit to Male. The LOC is part of 1.4 billion US dollars finance assistance announced by the Indian government during President Ibrahim Mohamed Solih’s state visit in December 2018. The EXIM Bank loans come with a 1.75% interest rate and a 15-year repayment periodafter five years of moratorium. |
| Source- Press Information Bureau (PIB) |
 Ola has signed a Memorandum of Understanding (MoU) with the Government of Telangana to support the latter’s efforts in strengthening traffic infrastructure in the city. The partnership would see Ola ‘share intelligent insights’ that enable the Government to implement smart solutions to enhance ‘mobility experience’ in the city, an Ola release stated. The first pilot project proposed to be implemented under the MoU is the dynamic mapping of riding quality of various major roads in Hyderabad through the network of vehicles operating on the Ola platform. |
| Source: Business Standard |
 The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) with the Securities and Exchange Board of India (SEBI). The IBBI and the SEBI seek effective implementation of the Insolvency and Bankruptcy Code, 2016 (Code) and its allied rules and regulations, which have redefined the debt-equity relationship and aims to promote entrepreneurship and debt market. |
| Source: Business Standard |
 IIT Roorkee and ISRO have signed an MoU to develop Space Technology Cells on the campus of the varsity. IIT Roorkee issued a statement saying the premier technology school has inked an MoU with the Indian Space Research Organization (ISRO) to setup Space Technology Cells. The Space Technology Cells developed under this MoU will help students and faculty members of the institute to pursue advanced research in different areas related to futuristic space technology. |
| Source- The Indian Express |
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