Intellectual Thoughts by Sanjay Panda: Regulation


Showing posts with label Regulation. Show all posts
Showing posts with label Regulation. Show all posts

Indian cabinet allows Lithium's commercial mining to charge up it's EV ambitions


Indian Cabinet approved amendments to the Mines and Minerals (Development and Regulation) Act, 1957, on July 12, allowing for mining of lithium and other minerals, ET reported citing sources.

It was widely reported earlier  that the government was planning to amend the  act to encourage exploration of deep-seated minerals   such  as tellurium, selenium, lead, zinc, cadmium, indium, gold, silver, diamond, rock phosphate, apatite, potash, and elements of the rare earth group.

Critical and strategic minerals such as lithium, cobalt, molybdenum, rhenium, tungsten, graphite, vanadium, nickel, tin, platinum  etc.   Group of elements like  columbite, tantalite, lepidolite, scheelite and cassiterite are also part of the list.

The amendment proposed to insert the provision of an exploration licence in the law which will be granted through auction for undertaking reconnaissance and prospecting operations, according to an official.

Companies will be allowed to suggest areas they want to explore, and eventually mine in India, as per the changes. This is a deviation from the usual practice where blocks or mines are defined by the government to be taken up for auction.

The licence will also be granted only for deep-seated and critical minerals that will be specified in a new schedule to the Act, said the official.

The changes are likely to incentivise private sector participation in all spheres of mineral exploration, with a focus on precious and critical ones. They will allow junior mining companies to get exploration rights on the basis of available baseline survey data. These companies explore the area from the reconnaissance stage and bring it up to the level required for starting mining operations.

Companies will also be allowed to transfer the mineral concession in full or part during the exploration period or at the conclusion of exploration, as per the changes.

 

Source : ET India (Reproduced with edited version)

 

FDA allows emergency use of drug remdesivir for COVID 19


The US Food and Drug Administration on Friday authorized Remdesivir (a nucleoside ribonucleic acid (RNA) polymerase inhibitor) an experimental antiviral drug, for emergency use to treat Covid-19.


The authorization allows the intravenous drug to be distributed to doctors to administer to patients with severe disease.

Many health experts have had high hopes for the drug, which was initially developed by Gilead Sciences to treat Ebola. In past,it was also  used in experiments to treat the coronaviruses SARS and MERS. That early testing gave remdesivir a head start in the race for a treatment to Covid-19.


The NIH trial, called the Adaptive COVID-19 Treatment Trial, included 1,063 patients. The results showed that the median time to recover for patients who randomly received the placebo was 15 days while patients who received remdesivir had a median recovery time of 11 days. Remdesivir also lowered the mortality rate compared to the placebo group, from 11.6 percent to 8 percent.

These results, however, are preliminary. There are at least 19 studies on remdesivir around the world underway or in planning stages, some recruiting thousands of patients. It will be several months before they yield definitive answers, but they will, hopefully, bring the world closer to a working treatment.

Earlier  a randomized trial of the drug in China recently published in the Lancet  found that there was no statistical benefit to taking the drug. The study  was based on a true randomized controlled trial from Wuhan, China, with 237 patients. The study was also peer-reviewed by other scientists. Initially, the authors wanted to include up to 450 patients, but the lockdown imposed in the city meant that patients stopped arriving.

The FDA on 28th March, 2020  had approved  emergency use authorization to a malaria drug, hydroxychloroquine, after President Donald Trump repeatedly promoted it as a possible treatment for COVID-19. 

Here is the link to the announcement.



Mumbai Police sets up Punishing Signal to stop unnecessary honking. (watch the video)



There is a truth universally acknowledged by drivers in India: Honk your horn loud enough and the traffic lights will surely change to green. 

How many times has it happened that you are standing at a traffic signal and people waiting behind you kept honking repeatedly, even when the light was red? 


Fed up of impatient drivers, police in Mumbai have come up with a new system to punish those who cannot wait at traffic lights in silence.


The new system, said the police, was quite simple: “Honk more, wait more.”

Known as “the punishing signal”, Mumbai police installed a rigged traffic light system to tackle the problem of “reckless honkers”, which resets  the red traffic signal to a longer duration,  every time the sound of horns goes above 85 decibels and  one need  to wait more.

Great Idea!!!!! This will surely  bring discipline  and responsibility among the drivers in Mumbai.


Please  see the video  which was released by Mumbai Police.


Dukhi (Unhappy) India drops further on World Happiness Index



India is among the world’s least happy nations, and became even less happy in the last year. India ranked at 122 out of 155 countries in the World Happiness Report 2017, four notches below its previous rank of 118.  
 India was behind the majority of South Asian nations, apart from war-ravaged Afghanistan, that stood at 141. Among the eight South Asia  nations, Pakistan was at 80th position, Nepal stood at 99, Bhutan at 97, Bangladesh at 110 while Sri Lanka was at 120. However, Maldives did not figure in the World Happiness Report.


After ranking fourth for the last two years, Norway emerged at the top, displacing three-time topper Denmark for the first time. Denmark dropped to second place, followed by Iceland, Switzerland, Finland, the Netherlands.

The bottom five countries on the list where people are the unhappiest are Burundi (154), Tanzania (153), Syria (152), Rwanda (151) and the Central African Republic (155).
Studying happiness may seem frivolous, but serious academics have long been calling for more testing about people’s emotional well-being, The entire top ten were wealthier developed nations. Yet money is not the only ingredient in the recipe for happiness, the report said.

In fact, among the wealthier countries the differences in happiness levels had a lot to do with “differences in mental health, physical health and personal relationships: the biggest single source of misery is mental illness. Income differences matter more in poorer countries, but even their mental illness is a major source of misery,”  the report said.

The happiness rankings are based on six factors: GDP per capita, healthy years of life expectancy, social support (as measured by having someone to count on in times of trouble), trust (as measured by a perceived absence of corruption in government and business), perceived freedom to make life decisions, and generosity (as measured by recent donations). 

The United States meanwhile slipped to the number 14 spot due to less social support and greater corruption; those very factors play into why Nordic countries fare better on this scale of smiles. China, making  major economic strides in recent years, but its people are not happier than 25 years ago, it found.