Explanation:

In a significant step towards affordable medical education, the National Medical Commission (NMC) has notified its first major regulation.

• Titled as “Minimum Requirements For Annual MBBS Admissions Regulations (2020)”, the notification replaces the “Minimum Standard Requirements for Medical Colleges, 1999” of the erstwhile Medical Council of India (MCI).
• The new Regulation shall be applicable to all new medical colleges proposing to be established, and to the established medical colleges proposing to increase their annual MBBS intake from the academic year 2021-22.

The key changes:

• The new Regulation has deleted the quantum of land required for setting up a medical college and its affiliated teaching hospitals.
• A well-equipped “Skills Laboratory” for training students is essential now.
• It also defines a Medical Education Unit for training medical teachers in educational pedagogy.
• the space required for Library and the number of books and journals have been rationalized and reduced.
• Student counselling services has been mandated recognizing the increasing stress observed amongst medical students and residents in recent times.
• the new regulation now mandates the availability of a fully functional 300 bed multi-speciality hospital for at least 2 years at the time of application for establishing a new medical college (the earlier regulations did not specify the period of functionality).
• Over and above the minimum prescribed faculty, provision for “visiting faculty” has been made to enhance quality of training.

Hence both statements are correct.