27 June 2014 Current Affairs
National Industrial Classification Upgraded To More Investor Friendly, Internationally-Attuned System
Union Ministry of Commerce and Industry on 27 June upgraded the National Industrial Classification -1987 (NIC-1987) to National Industrial Classification-2008 (NIC-2008). The upgradation decision, with immediate effect, to NIC-2008 will assist new businesses, being more investor friendly and internationally-attuned, as compared to the previous version of NIC Code. The NIC-2008 is an improved version over NIC-1987 which provides a more contemporary industrial classification system in the light of changes in the structure and composition of the economy, changing user requirements and compatibility with international standards.
Tamil Nadu Govt Launched Amma Pharmacy
Tamil Nadu Chief Minister Jayalalitha launched Amma Pharmacy (Amma Marundhagam) to sell quality medicines at a lower price. These pharmacies will enable people to avail medicines at a low price as the medicines will be sold at a discount of 10 percent to the maximum retail price.