FDCA Gujarat achieved Skoch order of Merit National Award for online Licensing & Mobile Drugs te

FDCA Gujarat achieved Skoch order of Merit National Award for online Licensing & Mobile Drugs te

FDCA Gujarat achieved SKOCH order of Merit National Award under the leadership of Dr. H. G. Koshia, Commissioner, FDCA, Gujarat for online Licensing & Mobile Drugs testing Van at Constitution Club of India, New Delhi. SDI – Dr. M.P. Gadhvi & Dr. V.V. Jambukia received the award. SKOCH Governance award is the highest civilian honour in the country conferred by an independent organisation. It recognizes people, projects and institutions that go the extra mile to make India a better nation.

SKOCH Award, instituted in 2003, is the highest civilian honour in the country conferred by an independent organisation. It recognises people, projects and institutions that go the extra mile to make India a better nation. SKOCH Award comes with a backing of reputation of more than two decades. It is distinctive for its approach of selection of awardees, which is based on nomination, jury evaluation, presentation of shortlisted nominees, focus group discussions, interactions and peer evaluation. The SKOCH Award not only acknowledges exceptional achievers – organisations and individuals – but also spurs institutional guidance and best practices in the industry.

Addressing the possibility of$5 Trillion Economy transformation,Mr. Sameer Kochhar, Chairman, SKOCH Group(India’s topmost development think-tank) at the event said, ”5 Trillion is not just a target for the Indian economy, it has a more significant implication. If we don’t achieve 5 Trillion economy goal we would not be able to banish poverty from the country. No doubt, it is a difficult target to achieve but an attainable one. Facts show that this target is achievable and facts cannot be dismissed. The welcomed tax reduction move by the Honourable Finance Minister is just the beginning of this transformation. With a few more constructive steps we can rapidly progress towards aim that the government has set. Another major step that is required to kick start the economy and put it on the road to transformation is the transmission of reduced interest rates by the banks. Till very recently we had one of the highest rates of interest and income tax, but now corrections have been made in this respect. Though a move in the right direction, due to the tax rate deductions the government is expected to take a loss of approximately 1.75 Lakh Crore. How is this huge gap going to be covered? The answer lies in acceleration of disinvestment in the public sector.”

Mr. Kochhar added, “As we know the Incremental Capital Output Ratio (ICOR) is inversely proportional to growth of the economy. Major steps need to be taken to reduce it from the current ratio of 6. The country needs to achieve more output in less capital. Capital expenditure on the government is a huge cost to the country and there is a lot of scope to reduce it. Many projects in the country have successfully set an example for other by reducing cost still completing projects effectively and efficiently.”