HEALTHCARE POLICY
Inclusive healthcare: H.E. Dr. Noura Khamis Al Ghaithi on Abu Dhabi’s vision beyond borders
In conversation with H.E. Dr. Noura Khamis Al Ghaithi, Undersecretary of the Department of Health – Abu Dhabi, who outlines the vision of the Abu Dhabi Global Healthcare Week (ADGHW) positioned to serve as an annual platform for inclusive knowledge-sharing and crafting collaborative strategies aimed at delivering positive patient outcomes.
Markets on bullback, no pullback from 80,000 milestone
Sensex hit 80,000, led by TCS, Infosys, and banks like Kotak Mahindra. Nifty reached 24,302.15, driven by pre-budget CapEx expectations. Markets show bull indications, driven by private banks and tech. Confidence from policy consistency, expected social welfare spending, and strong investor sentiment; budget is likely in July.
Former RBI Guv Urjit Patel set to join Britannia Industries board again
Urjit Patel, former RBI governor, joins Britannia Industries board as an independent director. He recommenced after a two-year hiatus following his resignation in 2018. Patel’s diverse experience includes stints in both the private sector and central bank, distinguishing him from his predecessors. As a seasoned professional, he brings a unique perspective to the boardroom, ensuring a blend of regulatory expertise and corporate governance.
Government eases rules for global sourcing of medical gear
Pavan Choudary, chairman, Medical Technology Association of India (MTAI), termed the move a path-breaking effort by the government towards equitable policy making, spanning the crucial last mile which was uncovered so far.
US inflation cools in May, boosting hopes of Fed rate cut
May's stable inflation, influenced by service costs and goods prices, sets the stage for potential Federal Reserve interest rate changes. The report highlights slight consumer spending growth and hints at the Fed's aim for a controlled economic slowdown through core inflation moderation.
As tech grip on medical industry becomes stronger, it creates space for new jobs profiles
Ebenazer Paul highlights the increasing demand for skilled professionals in medical billing and coding, driven by technological advancements and evolving healthcare regulations. The industry offers diverse opportunities for growth and specialization, with a focus on continuous education and certifications to stay competitive.
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Focus on upcoming Budget: Policy in the works on finance, health support for elders
India is considering policy measures for senior care, including expanding healthcare access through Ayushman Bharat, revising pension under the Indira Gandhi scheme, and providing healthcare under NPHCE.
"We should expand our horizon": Bangladesh PM's adviser on economic cooperation with India
Bangladesh Prime Minister Sheikh Hasina's Private Industry and Investment Adviser, Salman F Rehman, emphasized expanding economic cooperation with India to strengthen bilateral ties. During Hasina's two-day state visit to India, Rehman highlighted interest in various sectors including energy, healthcare, FMCG, IT, and agriculture. He also noted the Confederation of Indian Industry's proposal for Bangladeshi businesses to explore opportunities beyond northeastern India. Both nations aim to enhance their economic collaboration, reinforcing the strong bond under Prime Ministers Modi's "Neighbourhood First" policy and Hasina's regional focus.
States hike in healthcare expenditure to help meet India's '2.5% of GDP' target
India's expenditure on health, including clean water and sanitation, is on track to reach the target of 2.5% of GDP by 2024-25. States have surpassed the Centre's allocation to achieve a combined effort of 2.13% of GDP. Despite concerns over declining spending on healthcare systems, increased state allocations may help reach the 2.5% target by 2025.
Union Budget 2024: Key facts and insights you need to know
Union Budget 2024: India's inaugural Budget was announced in pre-independent India on April 7, 1860, by Scottish economist and politician James Wilson of the East India Company, presenting it to the British Crown. Following Independence, India's first post-independence budget was presented on November 26, 1947, by then Finance Minister R K Shanmukham Chetty.
Heatwaves: A reminder to focus on health as part of climate action
Heatwaves are affecting a huge proportion of India’s population with health problems, including heatstroke, dehydration and worsened chronic health conditions. With over 25,000 cases of heat stroke being reported since March, hospitals have witnessed a spike in heat-related illness cases, stretching already strained public health systems.
India becomes the biggest source country for doctors in the US
India is the top source of immigrant doctors and the second-largest source of registered nurses in the US, as per a report by Remitly. Immigrants make up 18% of the US healthcare workforce, with Indians constituting 7%.
Govt may increase emphasis on consumption and job creation: Pramod Gubbi
So, we went into the elections quite strongly positioned for a potential adverse event. But it was not because we expected any adverse event. It is just our style of investing. So, to that extent, there has been almost next to nothing in terms of changes that we have made pre or post elections.
RBI MPC: Experts decode policy impact on markets, sectors
Adhil Shetty, Vikas Garg, and Naveen Kulkarni opine on the RBI MPC policy, and how it would affect market sentiment, and pave the way for economic growth.
ETMarkets Smart Talk: There will be political stability; healthcare could turn out to be the dark horse in FY25: Aditya Khemka
Global investors haven't got much choice but to remain invested in India and perhaps increase allocations despite the political uncertainty.
Rural demand theme blooms
Investor money is shifting to defensive shares like FMCG, healthcare, and information technology following the lower-than-anticipated seats for the BJP in recent elections. Marico, Godrej Consumer, Nestle India, ITC, Britannia, HUL, and Dabur saw significant gains. The Nifty and NSE FMCG Index also rose.
Expect 13-15% earnings growth in FY-25 driven by topline growth, margin expansion: Venugopal Garre
Remember, we have not even yet seen a rate cycle decline as well, so those are the levers which come through late in the year from a support point of view for macro.
10 years of Modi: 670 small & midcaps zoom up to 48,000%; will the counters repeat show?
Small and midcap stocks witnessed massive surge under the Narendra Modi government in the last 10 years, with over 670 BSE-listed stocks turning multibaggers.
India Inc exits FY24 on a strong note, clocks double-digit profit growth in Q4
Corporate India saw double-digit growth in net profit and single-digit revenue increase in the March 2024 quarter. Expectations are for healthy growth in the current fiscal year due to peaking interest rates and government policy continuity.
Welfare schemes, policies in India not oriented towards poor: P Chidambaram
Senior Congress leader P Chidambaram criticized the current welfare schemes in India, stating they aren't effectively targeted towards the poor. Speaking at an event, he emphasized the need for policies to be oriented towards marginalized sections like SCs, STs, and the poor to achieve an egalitarian society. Chidambaram advocated for universal and free healthcare and education as essential components of such a society, citing examples from European nations.
Initiatives on track to increase women’s participation across levels, say 54% Indian employers – much above global average of 46%
Internal leadership development programmes, followed by flexible working policies, most effective in helping retain and secure diverse talent, finds ManpowerGroup Diversity Outlook Survey
JV Ventures forays into healthcare-dedicated infrastructure platform; plans to open 75 centres in next 5 years
JV Ventures diversifies into healthcare infrastructure with The Medical Centre (TMC), investing $600 million for 75 centers. Raja Jain appointed CEO. Vishal Goel and Jasmeet Singh Chhabra express optimism. TMC to offer specialized services in major Indian cities.
European stocks dip as rate uncertainty weighs
European stocks slipped 0.3% as U.S. Federal Reserve officials cautioned on interest rate cuts. The STOXX 600 index saw gains in healthcare stocks offset by losses in banks and utilities.
New study challenges benefits of healthcare privatisation
A study published in The Lancet Public Health journal highlights the negative effects of healthcare privatisation, particularly in high-income countries like the US, Germany, Canada, and South Korea. The research, led by the University of Oxford, suggests that privatisation seldom improves the quality of care but is associated with higher profits. It challenges the notion that market competition and flexibility in privately-owned healthcare systems lead to better outcomes.
Diminishing healthcare quality, worsening patient health outcome: Lancet study decries healthcare privatisation
Study in The Lancet magazine reveals that healthcare privatization globally lowers quality of care and worsens patient outcomes. Based on extensive research across high-income nations, it highlights the negative impact of converting public hospitals to private entities and outsourcing services. Concerns raised amid Supreme Court scrutiny over healthcare cost discrepancies
Empowering healthcare innovations: Dr. Noura Khamis Al Ghaithi on ADGHW's role in global healthcare collaboration
H.E. Dr. Noura Khamis Al Ghaithi discusses ADGHW as a platform for global healthcare collaboration, focusing on innovations and partnerships with Indian healthcare providers. The event aims to develop precision health initiatives, strengthen life sciences research, attract medical tourism, and support a growing startup ecosystem.
Razorpay revamps health insurance policy, provides coverage for vital medical treatments
Razorpay unveils new employee health insurance policy covering vital treatments like HIV/AIDS and conditions such as polycystic ovary syndrome. Employees can customize plans to include siblings, LGBTQIA+ partners, and enhanced maternity benefits. The move aligns with the trend of personalized, comprehensive healthcare offerings in India.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 39%
Last week’s movement of the market has brought back some memories of what happened in March 2024. Given the event risk in terms of election results, we might see higher volatility as some profit booking takes place. If one is not a trader and knows how to hedge, it would be better to be cautious before investing. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Health insurance for your ageing parents is now possible as IRDAI scraps age limit
The Insurance Regulatory and Development Authority of India (IRDAI) has eliminated the age limit of 65 years for purchasing health insurance policies, aiming to broaden the market and offer comprehensive coverage. This change, effective from April 1, makes health insurance more inclusive and accessible to individuals of all ages. Insurers are now required to offer policies to all age groups and cover pre-existing medical conditions.
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