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2011 March 26 to 27 Current Affairs

Pollution trade and cap scheme launched

With the World Bank loosening its purse strings to the tune of $0.5 million, India launched its first pollution cap and trade scheme.

The pilot scheme will cover air pollution caused by 1,000 industries in Tamil Nadu, Maharashtra and Gujarat, and could have a significant impact on public health.

Central Government to allocate Rs.2,500 crore to TUFS for MSMEs

The Central Government would create a Rs.2,500-crore corpus for technology modernisation of the micro, small and medium units by next year.

At present, only textiles sector is availing these benefits under the Technology Upgradation Fund Scheme (TUFS) wherein the units get 5 per cent subsidy on loans, for upgrading technology, from the government.

Young Scientist Award for 11

Eleven scientists, including two from the Bangalore-based Indian Institute of Science (IISc), have been given the prestigious NASI-Scopus Young Scientist Award for 2010.

T. T. Ashok to head CII Southern Region

T. T. Ashok, Managing Director, Taylor Rubber Pvt. Ltd, Chennai, has been elected Chairman of Confederation of Indian Industry, Southern Region, for the year 2011-12

Foreign exchange reserves rise $1.67 billion to $303.51 billion

India's foreign exchange reserves rose by $1.67 billion to $303.51 billion during the week ended March 17, helped by a healthy increase in foreign currency assets.

Manmohan to chair meeting to clear draft manufacturing policy

Prime Minister Manmohan Singh would chair a high-level committee meeting to discuss and clear the draft of the new mega ‘Manufacturing Policy' which is likely to be unveiled before March 31.

Free trade pact with four European nations this year

India and the Europe Free Trade Association (EFTA) are likely to conclude a free trade agreement (FTA) entailing a comprehensive bilateral trade and investment agreement by this year after fast-tracking of the negotiations between the two groups.

“The EFTA comprising Switzerland, Iceland, Norway and Liechtenstein are likely to firm up an FTA this year.



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