Agreements

NPCI and Fonepay Collaborate for Cross-Border UPI Transactions between India and Nepal

NPCI International Payments Ltd (NIPL) has partnered with Nepal's leading payment network, Fonepay Payment Service Ltd, to enable cross-border Unified Payment Interface (UPI) transactions between India and Nepal. This collaboration aims to enhance convenience and efficiency in transactions for tourists...

NIGEL Inks PPA With GUVNL For 600 MW Solar Project

NLCIL has emerged victorious in securing a 600 MW Solar Power Project tender within the GSECL Khavda Solar Park, initiated by GUVNL through a competitive bidding process. Reflecting its commitment to renewable energy initiatives, NLCIL has entrusted the project development...

RBI and Bank Indonesia Sign MoU to Promote Local Currency Use

The Reserve Bank of India (RBI) and Bank Indonesia (BI) have inked a Memorandum of Understanding (MoU) aimed at bolstering the utilization of local currencies – the Indian Rupee (INR) and the Indonesian Rupiah (IDR) – for cross-border transactions. Key...

Sweden Joins NATO, Ends Decades Neutral Stance

Sweden formally became the 32nd member of NATO after completing its accession process in Washington. This decision comes two years after Sweden's application, triggered by Russia's full-scale invasion of Ukraine, highlighting concerns about regional security. Sweden's Strategic Shift From Neutrality...

Karnataka and World Economic Forum Join Forces to Establish AI Centre

Karnataka state government, in a strategic alliance with the World Economic Forum (WEF), has announced the establishment of a cutting-edge AI centre in the state. This collaboration formalized through a Letter of Intent signed on February 29, aims to position...

NPCI and IISc Partner for Deep Tech Research

National Payments Corporation of India (NPCI) has forged a strategic partnership with the Indian Institute of Science (IISc), Bangalore, to conduct joint research on Blockchain and Artificial Intelligence (AI) technology. This collaboration aims to establish the "NPCI–IISc Centre of Excellence...

Atal Innovation Mission, NITI and Meta Collaborate to Establish Frontier Technology Labs in Schools

Atal Innovation Mission (AIM) under NITI Aayog and Meta have joined forces to establish Frontier Technology Labs (FTLs) in strategically important schools. This collaboration aims to democratize access to future technologies and foster innovation among students. AIM and Meta Partnership...

REC Limited Partners With UNISED To Support Education Of Children In Siddharthnagar, Uttar Pradesh

REC Limited, a prominent Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading Non-Banking Finance Company, has recently joined hands with the Unit of Science and Educational Development (UNISED) to bolster educational initiatives in Siddharthnagar district,...

India-Nepal Financial Cooperation Strengthened, Digital Payment to be Launched Soon

In a recent development, India and Nepal have bolstered their financial cooperation, with a focus on digital payments. This initiative aims to streamline cross-border transactions and enhance convenience for citizens of both nations. New Guidelines by Reserve Bank of India...

BIMSTEC Faculties Exchange Programme in Dhaka Aims to Boost Mutual Cooperation

A five-day exchange programme for faculty members of foreign service academies within the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) member states has commenced in Dhaka, marking the first of its kind. Purpose The programme aims...