Quality Upgradation News Today

The Indian government has revamped the Pharmaceuticals Technology Upgradation Assistance Scheme (PTUAS) to support drug companies in upgrading their facilities to produce medicines conforming to global standards. The scheme now extends beyond MSMEs to pharmaceutical manufacturing units with a turnover of less than Rs 500 crore that require technology and quality upgradation. The scheme also introduces more flexible financing options, emphasizing subsidies on reimbursement basis.

The Indian economy is on a roller coaster. Growing consistently post-pandemic, it drew the attention of the United Nations, World Bank, International Monetary Fund (IMF), global rating agencies, NITI Aayog and Reserve Bank of India (RBI) alike and they estimate that India would reach 6.5% growth by March 2024.

Delivering skilled workers Bharat Jhunjhunwala A report by McKinsey Global Institute says that there is a shortage of 8.5 crore skilled workers having higher secondary education and above in the developed countries; while there is an excess of 9.5 crore unskilled workers having primary education in the developed and developing countries. Therefore, we can become suppliers of skilled workers to the world if we can impart the required skills to the large numbers of unskilled workers having primar...