 Mastercard, along with cricketer Mahendra Singh Dhoni, launched a nationwide initiative ‘Team Cashless India’ to accelerate the acceptance and adoption of digital payments. The initiative ‘Team Cashless India’ brings consumers and merchants to the forefront of the digital payments dialogue. The campaign encourages all Indians to nominate one or more merchants who currently do not accept digital payments. Mastercard will work together with Confederation of All India Traders (CAIT), acquirer banks and fintech companies to support nominated merchants to deploy digital payments acceptance infrastructure. |
| Source: The Hindustan Times |
 IIT Madras will collaborate with ExxonMobil on Research in Energy and Biofuels. The 5-year joint-research agreement focuses on biofuels, data analytics, gas conversion and transport, and is intended towards finding low-emission solutions. ExxonMobil Research and Engineering Company (EMRE) for research on energy and biofuels is the research and engineering arm of ExxonMobil Corporation, a leading global oil, natural gas, and petrochemicals company. ExxonMobil works with over 80 universities around the world. India is the 3rd highest producer of agro-residues globally with the surplus potential of over 230 million tonnes per year after China and Brazil. India’s huge biofuel potential is expected to get realized shortly with the ‘new biofuel policy’ of Government of India, which targets to convert the country’s biofuel industry into a $15.6 billion economy. |
| Source: The Hindu |
 The Asian Development Bank and the Government of India has signed a $190 Million loan. The amount will be used to upgrade 754 km of state highways and major district roads (MDRs) to benefit about 26 million people in 14 districts of Rajasthan. For the benefit of commuters and pedestrians, particularly women and children, the project provides for constructing more than 200 bus stops, 70 km of hard shoulder, and 2 km of raised sidewalk on project roads. |
| Source: The Press Information Bureau |
 Government e-Marketplace signed an MoU with Union Bank of India. As per the MoU, UBI will be able to offer an array of services including transfer of funds through GeM Pool Accounts, advising of Performance Bank Guarantees and Earnest Money Deposit to the registered users on the GeM portal. The MoU will facilitate a cashless, paperless and transparent payment system on the portal and will create an efficient procurement system for government entities. GeM is an initiative of the Government of India offering one stop platform facilitating online procurement of common use goods and services required by various government departments, organisations, Public Sector Units. |
| Source: The Press Information Bureau |
 National Health Authority signed a Statement of Intent (SoI) with Google to collaborate and strengthen the implementation of Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (PMJAY). The two organizations will now work together to increase process efficiencies in day-to-day applications. Google will support NHA in improving digital presence of PMJAY and showcasing relevant content to the 50 crore entitled beneficiaries. Google will also help provide training and support to NHA personnel to build on digital skills. NHA is the nodal agency for implementing Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana. |
| Source: The Financial Express |
 Bank of Baroda (BoB) has signed a Memorandum of Understanding (MoU) with the Indian Army under which the bank would offer customised services along with a host of facilities to account holders. The MoU includes handsome free personal accident insurance cover, free air accident insurance cover of Rs 15 lakh to Rs 50 lakh and an overdraft facility up to three times of monthly net salary. The features are also applicable for pensioners of Indian Army up to the age of 70 years. |
| Source: The Hindu |
 PNB MetLife India Insurance Co. Ltd. has tied-up with Religare Health Insurance to offer a product which covers health, death and illness. The tie-up will offer additional earning opportunity for the life insurer’s distribution channel partners. The product will be a seamless integration exercise to ensure that it comes as a single policy to a customer. |
| Source: The Hindu |
 Defence Research & Development Organisation (DRDO), Ministry of Defence and Central University of Jammu (CUJ) have entered into a Memorandum of Understanding (MoU) for the establishment of Kalam Centre for Science and Technology (KCST) at the university. The main objective of the MoU is to undertake and facilitate multidisciplinary directed basic and applied research and technology development in the identified research verticals namely Computational System Security and Sensors. The centre will be equipped with state-of-the-art facilities and equipment leading to an increase in research scholars in these areas. |
| Source: The Press Information Bureau |
 The International Cricket Council has inked an agreement with Facebook, under which the social media platform will get exclusive digital content rights for select cricket matches in the Indian subcontinent including the Women’s T20 World Cup 2020-22, Men’s T20 World Cup 2020-21 and the Men’s Cricket World Cup 2023. The social media platform also bagged the rights for match recaps for rest of the world for the next 4 years. |
| Source: The Financial Express |
 Airtel Payments Bank has joined hands with India’s leading private sector general insurance company, HDFC ERGO General Insurance Company to offer unique Mosquito Diseases Protection Policy (MDPP) to protect against mosquito-borne diseases. Mosquito Disease Protection Policy offers cover against seven common mosquito-borne diseases – Dengue, Malaria, Chikungunya, Japanese Encephalitis, Kala-azar, Lymphatic Filariasis (Elephantiasis) and Zika virus. The product, which is a part of the ‘Wallet Insurance Portfolio’ of HDFC ERGO, will be offered to the remittance customers of Airtel Payments Bank at a nominal cost of Rs 99 per annum. |
| Source: The Business Standard |
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