CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which institution has launched the research initiative called ‘Fund for Industrial Research Engagement (FIRE)’?
A
ISRO
B
DRDO
C
SERB
D
RBI
Explanation: 

Detailed explanation-1: -The correct answer is Science and Engineering Research Board. A first-of-its-kind research initiative called ‘Fund for Industrial Research Engagement (FIRE)’ was launched on 29 June 2021. It was launched by Science and Engineering Research Board (SERB) in collaboration with Intel India.

Detailed explanation-2: -The funding is provided normally for a period of three years. The research grant is provided for equipment, manpower, consumables, travel and contingency. “Overheads” is also be provided to the implementing institution as per prevailing norms of SERB.

Detailed explanation-3: -The FIRE program is a joint government and industry initiative. Launched by Science and Engineering Research Board p(SERB) in collaboration with Intel India.

Detailed explanation-4: -Established through an Act of Parliament : SERB Act 2008, Department of Science & Technology, Government of India.

There is 1 question to complete.