Search Result for : Minister Of State For Finance Jayant Sinha

Govt plans mini-labs at ports, airports to monitor drug quality

The Dollar Business Bureau The government has announced it will soon set up mini drug-testing laboratories at ports and airports to check quality and authenticity of imported drugs. The Health and Family Welfare Ministry has given nod to setting up mini-labs at ports and airports to monitor drugs that are imported into the country. Minister of State for Civil Aviation Jayant Sinha said in a written reply to the Lok Sabha that the decision has been taken to prevent illegal and substandard drug and strengthen the country’s drug regulatory structures. "Necessary sanction has been issued by the Ministry of Health and Family Welfare to set up these labs," Sinha said. He was responding to a question on whether the government would set up six small ...

'Government to take final view on Financial Code after consultation'

Source: PTI The government will consult stakeholders including the Reserve Bank before firming its views on a draft bill that seeks to limit the central bank's authority in setting interest rates. Finance Minister Arun Jaitley said the government will take a view on the revised draft of the Indian Financial Code -- which favours creation of an interest rate-setting panel where a majority (out of its 7 members) is nominated by government -- only after receiving comments from stakeholders. The Chief Economic Adviser Arvind Subramanian has already dubbed the IFC draft as merely a FSLRC report, not reflecting government views. "FSLRC has made its recommendations, which have been made public for comments. After the comments are received, it is only then that ...