Action Covid-19 Team launched in India: First of its kind in the world

The Action COVID Team was launched by top fund mangers of private sector and blue-chip venture capital firm. Significance The Team gained its popularity lately as Rs 1 crore was bagged by the Mylab  from the fund set up by the team. Mylab is the first Indian firm to get permission to make and sell ..

Month: Current Affairs - April, 2020

Category: India Nation & States Current Affairs

Topics: Corona virus • COVID-19 • Funds • G20 • IMF • Make in India • Union Minister for Commerce and Industries

GoI extends Foreign Trade Policy

On April 1, 2020, the Government of India notified that the export schemes such as Export Promotion Capital Goods and Duty-Free Import authorization are to be extended by one year. Also, GoI has planned to extend Foreign Trade Policy 2015-20 by another one year till 2021. Objective of the policy The policy aims at making ..

Month: Current Affairs - April, 2020

Category: Government Schemes Current Affairs

Topics: Digital India • export promotion • Foreign Trade • Foreign Trade Policy • Make in India • MEIS

First “Made in India” COVID-19 Test Kit gets commercial approval from CDSCO

A Pune based testing services MyLab has become the first Indian company to get an commercial approval from CDSCO for the sales of COVID-19 testing kits sale. About the Kit The kit was developed by MyLab testing services. The testing time of COVID-19 in current lab testing services is 4 hours. However, MyLAb’s testing time ..

Month: Current Affairs - March, 2020

Category: India Nation & States Current Affairs

Topics: CDSCO • Corona virus • COVID-19 • COVID-19 testing • diagnostic kits • Make in India • NIV

Made-in-India COVID-19 Test Kit

The COVID-19 test kit developed by Mylab Discovery Solution Pvt Ltd has become the first Made-in-India kit to receive commercial approval. About the Kit The Mylab PathoDetect COVID-19 Qualitative PCR kit was developed by Pune based by Mylab Discovery Solution Pvt Ltd- a firm specialising in development of molecular diagnostic kits. It was developed in a ..

Topics: CDSCO • COVID-19 • Make in India • PCR • Testing

Incentive Scheme for Large Scale Electronics Manufacturing approved by Cabinet

On March 21, 2020, the Union Cabinet under PM Modi approved the Production Incentive Scheme for large scale manufacturing of Electronics. The main aim of the incentivisation is to increase investments in mobile manufacturing. Benefits The scheme aims to create more than 2 lakh jobs. The indirect employment opportunities are expected to be three times ..

Month: Current Affairs - March, 2020

Category: Government Schemes Current Affairs

Topics: 5 Trillion Dollar Economy • Assemble in India • Electronics Sector • GST Council • Make in India • nirmala sitaraman • PM Modi • union budget 2020-21 • Wealth