Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit Section 8, Schedule B, Public Sector Enterprise, set up by Department of Biotechnology (DBT), Government of India as an Interface Agency to strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs. Read more at BIRAC.

National Biopharma Mission (NBM) - the programme named Innovate in India (i3) will witness an investment of USD 250 million with USD 125 million as a loan from World Bank. It aspires to create an enabling ecosystem to promote entrepreneurship and indigenous manufacturing in the sector. The aim of the Mission is to “Enable and nurture an ecosystem … Continue reading National Biopharma Mission

SWIFT or the Society for Worldwide Interbank Financial Telecommunication is a global member-owned cooperative that is headquartered in Brussels, Belgium. It was founded in 1973 by a group of 239 banks from 15 countries which formed a co-operative utility to develop a secure electronic messaging service and common standards to facilitate cross-border payments. The SWIFT … Continue reading Society for Worldwide Interbank Financial Telecommunication (SWIFT)

Observer status is a privilege granted by some organizations to non-members to give them an ability to participate in the organization's activities. Observer status is often granted by intergovernmental organizations (IGO) to non-member parties and international nongovernmental organizations (INGO) that have an interest in the IGO's activities. Observers generally have a limited ability to participate in the IGO, lacking the … Continue reading Observer Status to States

The Shanghai Five grouping was created 26 April 1996 with the signing of the Treaty on Deepening Military Trust in Border Regions in Shanghai, China by the heads of states of China, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. Source: Wikipedia.

The Shanghai Cooperation Organisation (SCO) is a permanent intergovernmental international organisation, the creation of which was announced on 15 June 2001 in Shanghai (China) by the Republic of Kazakhstan, the People's Republic of China, the Kyrgyz Republic, the Russian Federation, the Republic of Tajikistan, and the Republic of Uzbekistan. It was preceded by the Shanghai Five mechanism. In the historical meeting of the Heads of State … Continue reading Shanghai Cooperation Organization (SCO)

In response to mounting concern over money laundering, the Financial Action Task Force on Money Laundering (FATF) was established by the G-7 Summit that was held in Paris in 1989. The FATF is an inter-governmental body established by the Ministers of its Member jurisdictions.  The objectives of the FATF are to set standards and promote … Continue reading Financial Action Task Force (FATF)

Central Economic Intelligence Bureau (CEIB) was set up to coordinate and strengthen the intelligence gathering activities related to the enforcement of economic laws. The Bureau was established in July,1985 and is responsible to the Department of Revenue, Ministry of Finance. The CEIB along with Income Tax Department makes economic intelligence, monitoring and fighting economic offences … Continue reading Central Economic Intelligence Bureau (CEIB)

Economic offences often have multiple dimensions which fall under the jurisdiction of various law enforcement agencies. To facilitate coordination amongst the Enforcement Agencies dealing with economic offences, a two-tier system has been established- the Economic Intelligence Council (EIC) chaired by the Finance Minister, and 30 Regional Economic Intelligence Councils (REICs) in different places in India … Continue reading Economic Intelligence Council (EIC)

Financial Intelligence Unit – India (FIU-IND) was set by the Government of India as the central national agency responsible for receiving, processing, analyzing and disseminating information relating to suspect financial transactions. FIU-IND is also responsible for coordinating and strengthening efforts of national and international intelligence, investigation and enforcement agencies in pursuing the global efforts against … Continue reading Financial Intelligence Unit (FIU)