Which key focus areas are highlighted in the National Policy on Research and Development and Innovation in the Pharma-MedTech Sector?
The Union Cabinet has given the green light to the National Policy on Research and Development and Innovation in the Pharma-MedTech Sector. This decision is accompanied by the approval of the Scheme for Promotion of Research and Innovation in Pharma-MedTech Sector (PRIP), with a substantial allocation of Rs 5,000 crore for a five-year period spanning from FY24 to FY28. The scheme was rolled out earlier this month by the government with the belief that the Indian pharmaceutical industry has the potential to increase its current 3.4 per cent share of the global market to 5 per cent by the year 2030. The National Policy focuses on three key areas: strengthening the regulatory framework, incentivising investment in innovation, and enabling an ecosystem for innovation and research. The policy aims to accelerate drug discovery and development, foster collaboration between industry and academia, and streamline existing policies to optimise research resources. The PRIP scheme, with an allocation of Rs 5,000 crore, focuses on two components: the establishment of Centres of Excellence (CoEs) within existing institutions to strengthen research infrastructure, and promotion of research in priority areas. The scheme is set to stimulate collaboration between pharmaceutical companies, research institutions, and start-ups.
Indian Railway Finance Corporation (IRFC) has sold two sets of bonds worth a total of ₹3,940 crore, while ________ has sold 10-year tier-II bonds wort...
Which of the following becomes 1st country to purchase BrahMos Supersonic Cruise Missile System from India?
Which bank has introduced a 175-day tenor fixed deposit at an interest of 7.50 per cent per annum for deposits of ₹2 crore & above to less than Rs.50 ...
__________ is the interest rate at which the Reserve Bank of India provides money to the scheduled commercial banks who are facing acute shortage of liq...
Which of the following statements is/are NOT TRUE with respect to the PM Vishwakarma Scheme ?
I.The Reserve Bank of India (RBI) has decided to ex...
The first monetary policy committee (MPC) was constituted on which of the following year?
Which of the following are instruments that facilitate purchase of goods and services, conduct of financial services, enable remittance facilities, etc....
Where are the headquarters of Zomato?
Urjit Patel has been appointed as VP of AIIB for which of the following region?
All India Bank Employees Association (AIBEA) is the oldest and largest national trade union of bank employees in India, was founded in?