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Agreements and MoU's Current Affairs

HDFC Bank launches co-branded credit card with IndiGo

HDFC Bank joined hands with the country’s largest airline IndiGo to launch a co-branded credit card, which will effectively work like a loyalty programme for the carrier. Its first travel credit card named ‘Ka-ching’- powered by Mastercard.

The credit card customers can get complimentary air tickets on activation worth between Rs 1,500 and Rs 3,000 as per the variant, 14 travel and lifestyle benefits which include cashback of 5 % or reward points on Indigo bookings, and 3 % on dining, grocery, entertainment. They can also enjoy rich travel experience with varied benefits and unmatched rewards on domestic/international travel.

Xiaomi to bring ISRO’s NavIC technology to smartphones in 2020

Chinese tech major Xiaomi will bring ISRO’s Indian Regional Navigation Satellite System, NavIC technology to its smartphones. The capability has been currently enabled by Qualcomm Technologies Inc on several of their Qualcomm Snapdragon Mobile Platforms and will be made available across multiple Xiaomi smartphones in India.

Navigation with Indian Constellation (NavIC) is the regional geo-positioning system designed in India by ISRO to provide accurate positioning in India and around the Indian mainland. It is considered to be at par with US-based GPS, Russia’s Glonass and Galileo developed by Europe.

The implementation was possible after R&D efforts from Xiaomi for software along with ISRO and Qualcomm’s efforts. NavIC is designed to provide accurate positioning in India and 1,500km around the Indian mainland. The system comprises 7 satellites, 3 of which are in geostationary orbit over the Indian Ocean and 4 in geosynchronous orbit. NavIC is capable of providing location positioning accuracy better than 20 metres.

NTPC signs MoU with CPCB to set up air quality monitoring stations

The NTPC Ltd has signed an agreement with the Central Pollution Control Board (CPCB). According to an agreement, NTPC Ltd will provide financial support of Rs 80 Crore for installation and commissioning of Continuous Ambient Air Quality Monitoring Stations (CAAQMS). A total of 25 Air Quality Monitoring Stations will be installed across six states and three Union Territories. The states include Jharkhand, Uttar Pradesh, Maharashtra, Madhya Pradesh, Bihar and Tamil Nadu. The three Union Territories includes Daman & Diu, Dadar & Nagar Haveli and Andaman & Nicobar Islands.

The Air Quality Index will be evaluated for the respective cities with the help of data collected from these air quality monitoring stations.

NTPC signs MoU with CPCB to set up air quality monitoring stations

The NTPC Ltd has signed an agreement with the Central Pollution Control Board (CPCB). According to an agreement, NTPC Ltd will provide financial support of Rs 80 Crore for installation and commissioning of Continuous Ambient Air Quality Monitoring Stations (CAAQMS). A total of 25 Air Quality Monitoring Stations will be installed across six states and three Union Territories. The states include Jharkhand, Uttar Pradesh, Maharashtra, Madhya Pradesh, Bihar and Tamil Nadu. The three Union Territories includes Daman & Diu, Dadar & Nagar Haveli and Andaman & Nicobar Islands.

The Air Quality Index will be evaluated for the respective cities with the help of data collected from these air quality monitoring stations.

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