GS3

SPIKE IN RAW MATERIAL PRICES HITS PHARMA

A steep price increase of over 100% from prepandemic levels of certain raw materials for essential drugs — called active pharmaceutical ingredients (API) — has raised eyebrows in the industry. Interestingly, the sharp hike — which should have corrected by now with the improvement in supply chain and logistics — …

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INDIGENOUS PROJECTS to boost desi defence

Two major indigenous defence projects — the acquisition of 70 basic trainer aircraft for the IAF and three cadet training ships for the Navy — worth almost ₹10,000 crore were cleared by the cabinet committee on security. The 70 Hindustan Turbo Trainer-40 (HTT-40) aircraft will be supplied by defence PSU …

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‘EASE OF LIVING USING TECHNOLOGY’

It is the fifth of a series of 12 post-budget webinars organized by the government to seek ideas and suggestions for the effective implementation of the initiatives announced in the Union Budget 2023. Addressing the gathering, the Prime Minister said that India of the 21st century is constantly empowering its …

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‘ORGAN ON A CHIP’

Last year, the U.S. government passed the Food and Drug Administration Modernization Act 2.0. The move is expected to boost the research and development of ‘organ chips’ — small devices containing human cells that are used to mimic the environment in human organs, including blood flow and breathing movements, serving …

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BANK CREDIT GROWTH SLOWED TO 16.8% IN THIRD QUARTER

Bank credit growth slowed down to 16.8% in the October-December 2022 period from a year earlier, RBI data showed. This compares with 17.2% seen in the previous quarter, according to the quarterly statistics on bank deposits and credit, released by the Reserve Bank of India. A year earlier, credit growth …

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UNPACKING THE NEW SET OF E-WASTE RULES

The burgeoning problem of managing e-waste is a cross cutting and persisting challenge in an era of rapid urbanisation, digitalisation and population growth. The first set of e-waste Rules was notified in 2011 and came into effect in 2012. An important component of the Rules (2011) was the introduction of …

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MARITIME SECURITY: (IFC-IOR)

In order to further the existing cooperation in the realm of maritime safety and security, IFC-IOR signed an MoU on 21 Feb 2023 with Regional Coordination Operations Centre (RCOC), Seychelles. IFC-IOR, hosted by the Indian Navy, was established by the Government of India at Gurugram on 22 Dec 2018 to …

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IMPORTANCE OF MULTILATERALISM IN SUSTAINABLE DEVELOPMENT

The Foundational Literacy and Numeracy report was released by Dr Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM). The report was released at #TheIndiaDialog organised by Institute for Competitiveness and US-Asia Technology Management Center, Stanford University, on February 23 & 24, 2023. The second edition of the State of …

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