Daily Economic News - 22 May 2014

Government to double number of drug regulators
The Central Government will be spending over Rs.3, 000 crore in the next three years (under the XII Plan) towards enhancing the capacity of the regulators both at the Centre and State levels.” While the number of regulators would be increased to 1,000 from 500 at the Central level, as many as 3,000 regulators would be deployed at the state levels. The government would set up state-of-the-art testing labs at ports to ensure that the pharmaceuticals and drugs exports shipments met global quality standards.

(Source: The Hindu)

Modi govt might start with Rs 12,000-cr highway projects
The road sector might well be the first to see action from the next central government under Narendra Modi. The road transport and highways ministry has readied plans for Rs 12,000-13,000 crore projects, including the Rs 6,500-crore Delhi-Meerut expressway project to be undertaken with private investment. The road sector was the Bharatiya Janata Party (BJP)'s focus even during its previous term in power at the Centre. Atal Bihari Vajpayee's BJP-led National Democratic Alliance government had in 1999 launched the National Highways Development Project (NHDP), the first phase of which was the Golden Quadrilateral.

(Source: Business Standard)

Thaiindianet. Team

22 May 2014