Is India set to become the new beauty destination for global brands?
The Indian beauty market is estimated to reach $2.27 billion by 2028, with a CAGR of 10.91% during the forecast period (2023-2028).
In a move to create a world class medical education system in the country and ensure high quality of medical professionals, the Union Cabinet on Friday approved a bill to replace the Medical Council of India (MCI) with a National Medical commission, Law and Justice Minister Ravi Shankar Prasad said.
Briefing reporters after the meeting, he said, “The MCI will be replaced and a National Medical Commission Bill has been brought. This is to correct the whole medical ecosystem.”
The National Medical Commission Bill envisages a four-tier structure for the regulation of medical education, with a 20-member National Medical Commission at the top.
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The bill seeks to create a world class medical education system that ensures adequate supply of high quality medical professionals at both undergraduate and postgraduate levels. It would also encourage medical professionals to incorporate the latest medical research in their work and contribute to such research.
According to the bill, there would be objective periodic assessment of medical institutions and it will facilitate the maintenance of a medical register.
Leather sector: The Cabinet also cleared the special package for employment generation in leather and footwear sector with an approved expenditure of Rs 2600 crore over the three financial years from 2017-18 to 2019-20.
The special package has the potential to generate 3.24 laks new jobs in three years and assist in formalisation of two lakh jobs in footwear, leather and accessories sector.
The Cabinet also cleared the continuation of the centrally sponsored scheme of National Ayush Mission (NAM) with an outlay of Rs 2400 crore over a three-year period. The Mission was launched in September 2014.
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