Page-3 of Government Policy Current Affairs, GK & News

DAC approves major changes in Defence Procurement Procedure

The Defence Acquisition Council (DAC) chaired by Union Defence Minister Manohar Parrikar has approved major changes in the new Defence Procurement Procedure (DDP) 2016. These changes were made in DPP 2016 to streamline defence acquisitions and give a big impetus to indigenisation of Defence sector through the ‘Make in India’ initiative. Some of the changes ..

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Union Cabinet approves creation of a Credit Guarantee Fund for MUDRA loans

The Union Cabinet has approved creation of a Credit Guarantee Fund (CGF) for Micro Units Development Refinance Agency (MUDRA) loans. The CGF is expected to guarantee more than 1,00,000 crore rupees worth of loans to micro and small units in the first instance. Features of scheme Credit Guarantee Fund for MUDRA Units (CGFMU) will guarantee ..

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Union Government unveils National Biotechnology Development Strategy 2015-2020

Union Government has unveiled National Biotechnology Development Strategy (NBDS) 2015-2020 to establish India as a world-class bio-manufacturing hub. It was unveiled by the Union Science and Technology Minister Dr Harsh Vardhan in New Delhi. Key facts NBDS intends to launch a major mission under the Make in India programme backed with significant investments for the ..

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Bihar Government bans sale of liquor from 1st April 2016

Bihar Government has banned sale of liquor in the state from 1st April 2016. This decision would make Bihar 6th dry state/UT in the country. It was announced by Chief Minister Nitish Kumar on the occasion of liquor prohibition day. This decision was taken in lines pledge made Mr. Kumar during the 2015 assembly elections ..

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Union Government launches Technology Acquisition and Development Fund under NMP

Union Government has launched the Technology Acquisition and Development Fund (TADF) under the National Manufacturing Policy (NMP), 2011. It was launched by Union Minister of State (MoS) for Commerce & Industry Nirmala Sitharaman in New Delhi. Key facts TADF will facilitate Micro, Small & Medium Enterprises (MSME) to acquire clean, green and energy efficient technologies. ..

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