Published on: June 10, 2024
Snippets : 10 JUNE 2024
Snippets : 10 JUNE 2024
- World No. 2 Shi Yu Qi clinched his first Indonesia Open badminton singles title in final at Jakarta. In the women’s singles final, Olympic champion and World No. 2 Chen Yu Fei of China won
- The European Commission (EC) has removed Tanzania from the list of countries eligible for its 18 million Euro conservation grant to be launched in East Africa as part of its NaturAfrica initiative. The NaturAfrica initiative is a European Union (EU) program aimed at supporting biodiversity conservation in Africa through a people-centred approach.It identifies key landscapes for conservation and development, focusing on creating jobs, improving security, and sustainable livelihoods while preserving ecosystems and wildlife
- Demise of Ramoji Film City founder, Shri Ramoji Rao. Ramoji Rao was a visionary who revolutionized Indian media
- The Duty Drawback Scheme, initiated by the Central Board of Indirect Taxes and Customs (CBIC), aims to promote exports and economic growth by providing rebates on Customs and Central Excise duties for imported and excisable materials used in export goods. The scheme, outlined in the Customs Act, 1962, ensures zero-rating of exports, making them tax-free to enhance competitiveness. Eligibility includes goods imported into India and then exported, used domestically before export, or manufactured from imported or local materials. To claim, the exporter must legally own the goods at export, and customs duty must have been paid. CBIC, operating under the Ministry of Finance, oversees indirect tax policies, customs and excise duties collection, and smuggling prevention through its various subordinate organizations.
- The Solar Energy Corporation of India’s (SECI) recent Request for Selection (RfS) for Green Ammonia Producers is a pivotal step in India’s National Green Hydrogen Mission (NGHM) under the Ministry of New & Renewable Energy (MNRE). This initiative aims to select Green Ammonia Producers via competitive bidding for a total capacity of 5.39 lakh Metric Tonnes (MT) per annum, targeting supply to fertilizer companies. The selection process involves online e-bidding and e-Reverse Auction to ensure cost-effectiveness. The SIGHT Programme, a subcomponent of NGHM, supports this effort by incentivizing domestic electrolyser manufacturing and green hydrogen production. Launched on January 4, 2023, with a budget of Rs. 19,744 crores, the NGHM strives to reduce carbon emissions, achieve energy independence, and establish India as a global leader in Green Hydrogen technology
- The Health Ministry and the Insurance Regulatory and Development Authority of India (IRDAI) are collaborating to launch the National Health Claim Exchange (NHCX) to improve the current manual and non-standardized claim processing system in India. This platform aims to facilitate seamless, interoperable, and standardized health claim information exchange among all stakeholders, enhancing efficiency, transparency, and reducing administrative burdens. The NHCX will use open standards and offer financial incentives to hospitals, aiming to standardize healthcare pricing and reduce out-of-pocket expenses for patients.
- The Biopharmaceutical Alliance was launched to address drug supply shortages highlighted by the Covid-19 pandemic and aims to build a resilient supply chain in the biopharmaceutical sector. The alliance includes South Korea, India, the United States, Japan, and the European Union (EU). The inaugural meeting was held during the Bio International Convention 2024 in San Diego. The alliance seeks to coordinate bio policies, regulations, and R&D support among member countries, and emphasizes the importance of a reliable and sustainable supply chain. Key agreements include creating a pharmaceutical supply chain map and acknowledging the concentration of essential raw materials in a few countries. The alliance aims to enhance global collaboration, preparedness, and innovation in the biopharmaceutical sector.
