CURRENT AFFAIRS

Detailed explanation-1: -Gujarat chief minister Bhupendra Patel unveils new biotechnology policy.

Detailed explanation-2: -The policy aims at providing capital expenditure (CAPEX) and operation expenses (OPEX) assistance to special projects, with upto 25 per cent of the total capital expenditure up to a maximum of Rs 200 crore and up to 15 per cent of the total operating cost up to a maximum of Rs 25 crore per annum.

Detailed explanation-3: -Gujarat Chief Minister Bhupendra Patel has announced New Biotechnology Policy for the year 2022-27. This policy is aimed to achieve Aatmanirbhar Bharat, the vision of Prime Minister Narendra Modi. Under this policy, the strategic projects and mega and large projects are eligible for special packages.

Detailed explanation-4: -National Biotechnology Development Strategy 2015-2020. The National Biotechnology Development Strategy-2015-2020 was unveiled by the Union Minister for Science & Technology and Earth Sciences, Dr. Harsh Vardhan in New Delhi today. The Strategy aims to establish India as a world-class bio-manufacturing hub.