Introduction: The Ministry of Electronics and Information Technology in India is set to undertake a review of tariffs on inputs and sub-components used in the production of electronics goods. This move aims to rationalize import duties and make local manufacturing more competitive. With a focus on scaling up the production of finished goods, the government intends to support the transition from domestic demand to a manufacturing-for-global-demand model.   Tariff Reform to Drive Export Competitiveness: Minister […]

Introduction: In a significant development for the Indian pharmaceutical industry, the union health ministry is considering a proposed amendment that will make good manufacturing practice (GMP) mandatory for all drug firms in the country. This move comes in response to recent scandals involving Indian-made drugs causing harm to children in foreign countries. By implementing these new regulations, the government aims to enhance manufacturing practices, ensure product quality, and regain trust in Indian-made medications.   Addressing […]

POLICY DEVELOPMENTS IN INDIAN SECURITIES MARKET Transactions in Corporate Bonds Through Request for Quote Platform by Stock Brokers SEBI has taken steps to increase the liquidity on Request for Quote (RFQ) platform of stock exchanges to enhance transparency and disclosure pertaining to trading in secondary market in corporate bonds. Certain stipulations were made for transactions on RFQ platform by mutual funds, portfolio management services and alternate investment funds. To increase liquidity of corporate bonds (CBs) […]

Gujarat International Finance Tec-City Company Limited (GIFTCL) has established “GIFT SEZ Limited” to develop Gandhinagar Multi-Service SEZ with a primary emphasis on the growth of IFSC and related SEZ businesses. To have IFSC status (International Financial Services Centre), local finance centers, and the linked social infrastructure.   By setting up an International Financial Services base, the goal is to build a world-class smart city that will serve as a global financial base. The government is also […]

INDIA FOOD SAFETY AND STANDARDS AUTHORITY – New Notification Notification F.No. STD/SP-20/T New Delhi, May 17, 2022 (Recycledplastics-N). — The draught regulations to amend the Food Safety and Standards (Packaging) Regulations, 2018, which the Food Safety and Standards Authority of India proposes to make with prior approval of the Central Government, in exercise of the powers conferred by sub-section (2) of section 92 read with section 23 of the Food Safety and Standards Act, 2006 […]