Tribal Cooperative Marketing Development Federation of India Ltd. (TRIFED) under the Ministry of Tribal Affairs & National Medicinal Plants Board (NMPB), Ministry of AYUSH have signed an MoU together. The MoU aims to promote Medicinal and Aromatic Plants (MAPs) forest produced for livelihood development of tribal people by promoting primary level value addition to MAPs produce from forest area at the grassroots level. |
Source- Press Information Bureau (PIB) |
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 Union Ministry of Water Resources, the NABARD and the National Water Development Agency (NWDA) signed a revised Memorandum of Agreement (MoA) for funding of central share of 99 prioritised irrigation projects under Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). The funding will be done through the Long Term Irrigation Fund (LTIF). The revised MoA will enable the Ministry of Water Resources to release Central Assistance to prioritised projects under PMKSY as per the requirements from time to time. |
Source- Press Information Bureau (PIB) |
Italian motorcycle-maker Benelli signed an MoU with Telangana government and Adishwar Auto Ride International (AARI) for setting a manufacturing facility. The group company would initially start assembling CKD (completely knocked down) kits of the bike for Benelli to assemble, manufacture bikes and import exclusive range of the bikes from Italy and SouthEast Asian regions. |
Source- DD News |
PHD Chamber of Commerce and Industry (PHDCCI) and Confederation of Nepalese Industries (CNI) have signed an MoU to establish India-Nepal Centre. It will further strengthen economic engagement between the two countries. The MoU was signed by Anil Khaitan, President of PHDCCI and Hari Bhakta Sharma, President of CNI in Kathmandu. The MoU aims to promote Indian investment in Nepal, Work with Indian ventures in Nepal to resolve problems being faced by them, Promote industrialization in Nepal and provide training to Nepali entrepreneurs. |
Source- DD News |
The National Highways Authority of India (NHAI) signed an MoU with the State Bank of India (SBI) for getting Long Term Unsecured Loan of Rs 25000 crore for 10 years with 3 years of moratorium on repayments. This is the SBI’s highest long-term unsecured loan to any entity. Moreover, this is the largest amount of loan to have been sanctioned to NHAI in one stroke by any institution. SBI offered the loan to the NHAI in response to the Expression of Interest invited by the latter from Scheduled Commercial Banks to fund Rs 25000 Crore as an unsecured loan for 10 years with 3 years of moratorium on repayments. |
Source- The Indian Express |
India and Germany have signed an agreement on financial and technical cooperation focusing on sustainable urban development and renewable energy. The government-to-government Umbrella Agreement on Financial Cooperation and Technical Co-operation 2017 is worth about 5,000 thousand crore rupees. The agreement under the Indo-German Bilateral Development Cooperation was signed between Joint Secretary in the Finance Ministry, Sameer Kumar Khare, and German Ambassador to India, Martin Ney, in New Delhi. |
Source- AIR World Service |
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-
|
National Health Agency (NHA) under Ministry of Health and Family Welfare, the apex body for the implementation of Ayushman Bharat-National Health Protection Mission (AB-NHPM), and Common Service Centres (CSC) scheme under the Digital India Programme, have signed an MoU to provide information and eligibility validation services to beneficiaries, especially in remote areas. J P Nadda, Minister of Health and Family Welfare and Ravi Shankar Prasad, Union Minister for Law and Justice & Information Technology presided over the MoU signing ceremony. As the benefits under AB-NHPM are based on entitlement and not on enrolment, over 3 lakh CSCs spread across the rural India can become the key point of information for potential beneficiaries and help in validating their entitlement. |
Source- Press Information Bureau (PIB) |
Bharat Earth Movers Ltd (BEML) and Heavy Engineering Corporation (HEC) have signed pact for making mining equipment. The MoU will result into additional Rs 150-200 crore revenue for both PSUs. It will reduce working capital and create capability for high capacity equipment. The mining products could be co-branded and will come under ‘Make in India’ initiative. Coal India is a major client for this mining equipment. |
Source- The Moneycontrol |
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