A Loan Agreement for IBRD Credit of US$74 million equivalent for the Uttrakhand Workforce Development Project (UKWDP) was signed between India and the World Bank. The Project objective is to improve the quality and relevance of training at priority Industrial Training Institutes (ITIs) and to increase the number of labor-market-relevant workers through short-term training in Uttrakhand. The Project has a 5-year grace period and a maturity of 17 years. |
The Project has three components:
|
The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows- |
The Cabinet has approved-
|
Source- Press Information Bureau (PIB) |
The Delhi government signed an MoU with the Seoul Metropolitan Government to work closely in the fields of environment, tourism, wastewater and solid waste management, infrastructure and public health. The MoU on the 'Friendship and Cooperation Agreement' was signed by Delhi Chief Minister Arvind Kejriwal and Seoul mayor Park Won-Soon in Seoul. The Delhi CM particularly sought the city’s expertise in dealing with transport and air pollution. |
Source- Business Standard |
Cisco, a U.S.-based firm, that makes networking telecommunications equipment, has signed two agreements with the NITI Aayog and Bharat Sanchar Nigam Limited (BSNL) to speed up its Country Digital Acceleration programme in India. The current set of investments will focus on fostering innovation and entrepreneurship through the Atal Innovation Mission and in developing use cases to showcase the possibilities of 5G in citizen services and application of innovative digital technologies in transportation modernisation. |
Source- The Hindu |
The Union Cabinet of India has approved a Memorandum of Understanding (MoU) on the collaborative research of distributed ledger technology (DLT). The research will be jointly conducted by the Export-Import Bank of India (Exim Bank) and one bank from each BRICS member states. The MoU was initially proposed at the 10th International BRICS Summit held in Johannesburg in July, the main focus of which was cooperation in economic development in the face of the fourth industrial revolution. The banks then agreed to jointly study DLT in the interests of the development of the digital economy. |
Source: The Moneycontrol |
Unlimit, end-to-end IoT service provider in India announced its partnership with State-owned Bharat Sanchar Nigam Limited (BSNL) to offer comprehensive Internet of Things (IoT) solutions and services to the enterprise customers across India. The partnership between Unlimit and BSNL will leverage seamless wireless network footprint pan India to provide its solutions and services across industries. The solutions and services include managed connectivity, application enabling platform and device management, and advance analytics to customers across industries. |
Source- Business Standard |
NITI Aayog, Intel and Tata Institute of Fundamental Research (TIFR) are collaborating to set up a Model International Center for Transformative Artificial Intelligence (ICTAI). The collaboration aims to bring together fundamental and applied research, innovation and technology development to solve important problems. The ICTAI will work towards developing and deploying artificial intelligence based research projects in critical domains such as healthcare, agriculture, smart cities and mobility. The initiative is part of NITI Aayog’s National Strategy for Artificial Intelligence discussion paper that focuses on establishing ICTAI through private sector collaboration. |
Source- Press Information Bureau (PIB) |
The Haryana government signed an MoU with Indian Oil Corporation (IOC) to set up an ethanol plant in Panipat with an outlay of over Rs 900 crore. The initiative with a proposed capacity of 100 kilolitres of ethanol per day will manage crop residue and prevent straw burning before the upcoming paddy season. The MoU was signed by Director, Agriculture and Farmers' Welfare Department of Haryana, Dusmanta K Behera and Chief General Manager, Alternate Energy and Sustainable Development, IOC Ltd Sanjay Kumar Srivastav. The pact will be valid for one year. |
Source- The Moneycontrol |
The Union Cabinet chaired by Prime Minister Narendra Modi has given the following set of approvals. The important Cabinet Approvals are given as follows- |
The Cabinet has approved-
|
Prime Minister Narendra Modi, his Bangladesh counterpart Sheikh Hasina, and Chief Ministers of West Bengal Mamata Banerjee and Tripura Biplab Kumar Deb jointly inaugurated three projects in Bangladesh via video conferencing. These include:
|
Akhaura-Agartala rail project is about 12 km long of which 5.5 km would be laid in India while 6.5 km would be in Bangladesh. The total cost of the project would be about 960 crore rupees. The Agartala-Akhaura rail project is part of India's $4.5 billion third line of credit extended to Bangladesh for its infrastructure and social sector development. |
Source- AIR World Service |
You need to login to perform this action.
You will be redirected in
3 sec