India, Aug. 7 -- The Government of India has issued a release: India's medical device industry is expected to emerge as a global powerhouse with a projected market size of $250 billion by 2047, according to FICCI-DUA Consulting White Paper on 'Service and Maintenance of Medical Equipment in Indian Healthcare - Towards a Safe, Reliable and Sustainable Medical Device Maintenance Ecosystem' The White Paper released during the inaugural session of the 9th edition of 'India Medical Device 2026', o...
India, Aug. 7 -- The Government of India has issued a release: The two-day 9th edition of India Medical Device 2026 kicked off today at Vigyan Bhawan, New Delhi, bringing together policymakers, regulators, industry leaders, innovators and other stakeholders to advance India's medical devices sector and strengthen its position as a global hub for quality medical devices. The conference is being organised by the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of Ind...
India, Aug. 7 -- The Government of India has issued a release: Sl. No. Name of scheme Amount disbursed (Rs. in crore) 1 PLI Scheme for Pharmaceuticals 6,659 2 PLI Scheme for Bulk Drugs 87.70 3 PLI Scheme for Medical Devices 266.64 Till March, 2026 Under the PLI Scheme for Pharmaceuticals, the performance period commenced in FY 2022-23. Out of the total financial outlay of Rs.15,000 crore for this scheme, an incentive amount of Rs.6,659 crore has been disbursed till March 2026. Und...
India, Aug. 7 -- The Government of India has issued a release: S. No. Financial year Sale 1. 2024-25 2022.47 2. 2025-26 2252.19 Sl. No. Name of the district No. of JAKs Bilaspur 4 Chamba 3 Hamirpur 9 Kangra 21 Kinnaur 1 Kullu 2 Lahaul And Spiti 1 Mandi 13 Shimla 6 Sirmaur 4 Solan 5 Una 8 Total 77 (Rs. in crore) Under Pradhan Manri Bhartiya Janaushadhi Pariyojana (PMBJP), total sales at Maximum Retail Price (MRP) amounted to Rs. 4274.66 crore during last tw...
India, Aug. 7 -- The Government of India has issued a release: Prices of drugs are regulated as per the provisions of the Drugs (Prices Control) Order 2013 (DPCO, 2013) which has been promulgated based on the principles of the National Pharmaceutical Pricing Policy, 2012. National Pharmaceutical Pricing Authority (NPPA) fixes ceiling prices of formulations specified in Schedule-I to DPCO, 2013 in accordance with the provisions of DPCO based on market data and retail price of a new drug as defin...
India, Aug. 7 -- The Government of India has issued a release: Name of State No. of projects approved Investment(in crore Rs.) Capacity (in MT) Production Qty.(in MT) Production value(in crore Rs.) Incentive released (in crore Rs.) Committed Actual Committed Installed 2023- 24 2024- 25 2025- 26 2023-24 2024- 25 2025- 26 Andhra Pradesh 10 1,745.7 2,676 24,390 16,468 224.4 1,207.4 5,498.6 63.2 258.4 865.7 31.91 Gujarat 8 330.9 407.3 14,270 13,959 7,028.7 4,17...
India, Aug. 7 -- The Government of India has issued a release: The operational progress of the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) in the State of Bihar during the financial year 2025-26 is as under: Continuous monitoring of stock availability is undertaken, and timely corrective measures are implemented to minimize stock shortages and ensure the uninterrupted availability of essential medicines across the country, including Bihar. In order to address any supply gaps and en...
MUMBAI, India, Aug. 11 -- Reserve Bank of India issued the following speech: Distinguished dignitaries, bankers, captains of industry, friends from the technology sector, fintechs, policymakers, press, academia and colleagues from the RBI, good morning to all of you! It is my pleasure to be back here at the 2026 edition of the FIBAC. It is an important annual conference that brings together the stalwarts of banking and industry to exchange ideas, foster innovation and strengthen collaboration....
MUMBAI, India, Aug. 11 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Wednesday, August 12, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 09:30 AM to 10:00 AM August 13, 2026 (Thursday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release ...
MUMBAI, India, Aug. 11 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(22)-B(W&M)/2018 dated October 08, 2018, (SGB 2018-19 Series-VI-Issue date February 12, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on August 12, 2026....