Cabinet Decision Current Affairs - 2020

Cabinet approves MoU between CDSCO and Saudi FDA

Union Cabinet has given ex-post facto approval to Memorandum of Understanding (MoU) between Central Drugs Standard Control Organization (CDSCO) and Saudi Food and Drug Authority in field of Medical Products Regulation. The MoU was signed on 29 October 2019 during the visit of Prime Minister Narendra Modi to the kingdom of Saudi Arabia.

Highlights of MoU

It would facilitate better understanding of regulatory aspects between two sides and will also enable better coordination in international fora. It will also help in increasing India’s export of medical products to Saudi Arabia.

About Central Drugs Standard Control Organization (CDSCO)

It is Central Drug Authority for discharging functions assigned to Central Government under Drugs and Cosmetics Act. It is the national regulatory body for Indian pharmaceuticals as well as medical devices. It functions under the Union Ministry of Health and Family Welfare.

It serves parallel function to European Union’s European Medicines Agency (EMA), Japan’s PMDA, United State’s Food and Drug Administration (FDA) and Medicines and United Kingdom’s Healthcare products Regulatory Agency.

Major CDSCO Functions: Approval of new drugs and clinical trials; Approval of certain licenses as Central License Approving Authority, Regulatory control over import of drugs; and meetings of Drugs Consultative Committee (DCC) and Drugs Technical Advisory Board (DTAB).

Cabinet approves Indo-Japan pact in Steel Sector

Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing Memorandum of Cooperation (MoC) between Government of India and Government of Japan to constitute ‘India-Japan Steel Dialogue’ to strengthen cooperation in steel sector. MoC will help in capacity building for high grade steel manufacturing in India.

About ‘India-Japan Steel Dialogue’

The Dialogue envisages enhancement of mutual understanding to secure sustainable growth in steel sector. It aims to examine all aspects of cooperation in steel sector including promotion of investment in high grade steel making and finding new avenues of steel usage in India.

Note: Already Japanese companies like Nippon steel are cooperating with other steel makers for development and production of value added steel in India. More such ventures would flow from cooperation in coming years after the MoC.