PCI Extends Application Deadline for 2024-2025 Academic Session
Stakeholders from across the pharmaceutical education sector had expressed concerns and requested additional time for the submission of applications. Acknowledging these appeals, the PCI has now granted an extension, setting the new deadline for application submission on January 30, 2024.
Ministry of Agriculture & Farmers Welfare Harnesses AI for Growth
Setting a precedent for the integration of advanced technologies to address challenges faced by farmers, the Ministry is championing the India Digital Ecosystem Architecture (InDEA) 2.0’s network approach, designed by the Ministry of Electronics & IT, Government of India
India Strengthens International Cooperation in Medical Product Regulation
The Union Cabinet has been apprised of Memorandums of Intent (MoIs) and Understanding (MoUs) signed between the Central Drugs Standard Control Organization (CDSCO) and regulatory bodies from the Netherlands, the Dominican Republic and the Republic of Ecuador. These agreements focus on cooperation in the field of Medical Products Regulation.
Stage-III of GRAP Revoked In Delhi As Air Quality Improves
Taking into account the disruptive nature of restrictions under Stage-III of GRAP, impacting a large number of stakeholders and the public, and considering the significant improvement in Delhi’s average AQI, the Sub-Committee unanimously decided to revoke Stage-III of GRAP in the entire National Capital Region (NCR) with immediate effect.
SEBI has issued a Consultation paper on proposal to enhance trust in the Alternative Investment Funds (‘AIF’) ecosystem to facilitate Ease of Doing Business measures
The consultation paper provides that Every Alternative Investment Fund, Manager of the Alternative Investment Fund and Key Management Personnel of the Manager and the Alternative Investment Fund, shall carry out specific due diligence, as may be specified by SEBI from time to time, with respect to their investors and investments, before each investment, to prevent facilitation of circumvention of extant regulations administered by any financial sector regulator.
Operational guidelines and SOP on Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)
NSE has issued Operational guidelines and SOP on Upstreaming of clients’ funds by Stock Brokers (SBs) Clearing Members (CMs) to Clearing Corporations (CCs).
Call for Pre-proposals for setting T-Hubs launched under National Quantum Mission
The pre-proposals should demonstrate the quantum technologies to advance the application of quantum science and technology.
Revised process for obtaining, extending and executing mineral exploration license
Mineral (Auction) Amendment Rules, 2024 provides that a bidder shall submit only one bid in an auction of a mineral block and no affiliate of a bidder shall submit a bid in the same auction where such bidder has submitted bid. “Affiliate” with respect to a bidder shall mean a person who, (a) controls such bidder, (b) is controlled by such bidder, (c) is under common control with such bidder, (d) is an associate company of the bidder, or (e) is a subsidiary company of such bidder.
Minerals (Evidence of Mineral Contents) Amendment Rules, 2024
The amendment provides that respect of any mineral specified in Part D of the First Schedule to the Act, in order to identify mineral potentiality of a block based on the available geoscience data where resources are yet to be established, including in any block proposed by any person, the Central Government shall place it before a committee.
Biological Diversity (Amendment) Act, 2023 shall commence by 01.04.2024
The amendment provides that any person or entity applying for an intellectual property right, by whatever name called, for any invention based on any research or information on a biological resource which is accessed from India, including those deposited in repositories outside India, or traditional knowledge associated thereto, shall obtain prior
approval of the National Biodiversity Authority before grant of such intellectual property rights.
