With reference to the Central Drugs Standard Control Organisation (CDSCO), consider the following statements:
1. The Central Drugs Standard Control Organisation (CDSCO) under Directorate General of Health Services, Union Ministry of Health is the National Regulatory Authority (NRA) of India.
2. Under the Drugs & Cosmetics Act, 1990, CDSCO is responsible for approval of Drugs, Conduct of Clinical Trials, laying down the standards for Drugs, control over the quality of imported Drugs in the country.
Which of the statements given above is/are correct?