MEDICAL INFLATION
Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
In June, inflation in the eurozone fell slightly to 2.5%, above the European Central Bank's target. The ECB remains cautious about adding more rate cuts after a recent reduction. Inflation is expected to remain between 2% and 3%. ECB President Lagarde emphasizes the need to control inflation before further rate cuts. The economy faces challenges with high rates impacting credit-sensitive sectors like real estate.
NEET 2024 Rank: NEET-UG re-test exam's revised rank list announced; Check your new ranking here
NEET 2024 Revised Rank: The NTA has announced the revised rank list for NEET-UG 2024 after a Supreme Court-mandated retest. The re-exam, held on June 23, was conducted for 1,563 candidates affected by initial exam delays. Less than half of these candidates opted for the retest. The NEET UG re-exam results will be available today, June 30, on exams.nta.ac.in, with the counselling process commencing on July 6.
NEET Retest: NTA declares retest result, revised rank list for medical entrance exam
NEET-UG Retest Results: The National Testing Agency (NTA) on Monday released revised results for the NEET-UG retest held on June 23. This retest involved 1,563 students and followed controversy over the awarding of grace marks. Alongside the results, the NEET-UG 2024 rank list has also been updated. NTA confirmed that revised scorecards are now available on their website.
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.
Central govt employees seek rationalised income tax slabs and old pension scheme from Budget
Central government employees are advocating for key reforms in the Union Budget 2024-25. Their demands include rationalization of income tax slabs, the restoration of the old pension scheme, the establishment of the eighth central pay commission, improved home loan recovery terms, enhanced medical facilities, and income tax exemptions for pensioners.
NEET-UG retest: 1,563 candidates to appear at 7 centres; NTA, education ministry official to be present
The NEET-UG retest for 1,563 candidates will occur on Sunday under the supervision of National Testing Agency (NTA) and officials from the Union education ministry. This retest was prompted by the withdrawal of grace marks initially given to compensate for delays at exam centers in Meghalaya, Haryana, Chhattisgarh, Gujarat, and Chandigarh. The controversy escalated when six students scored a perfect 720, alongside 61 others, raising suspicions of inflated marks.
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Medical care for elderly becomes exploitative when it drops all other rationale, hinges only on the ability to spend money
The care for the elderly becomes an exploitative market when it drops all other rationale and hinges only on the ability and willingness to spend money. Even as we argue that we cannot turn our faces away for a few rupees, we fail to see that we support this market for invasive, prolonged, exploitative medical care because we are fine to spend the money it takes.
Scrap NEET, allow states to conduct entrance tests: Karnataka Deputy CM Shivakumar
The NTA has come under criticism amid allegations of irregularities and inflation of marks in the medical entrance exam. To a question regarding city civic body Bruhat Bengaluru Mahanagara Palike (BBMP) polls, Shivakumar, who is also the state Congress chief said elections will be announced soon and there is a need to prepare the party for that.
63 cases of use of unfair means, but no paper leak; NEET-UG sanctity not compromised: NTA officials
Sixty-three cases of students using unfair means were reported in NEET-UG out of whom 23 have been debarred for varying periods, NTA officials said Wednesday, but reiterated there has been no paper leak and the sanctity of the medical entrance exam hasn't been compromised. The result of the remaining 40 candidates who were found using unfair means have been withheld, NTA DG Subodh Kumar Singh told PTI.
I am a retired person; I have a health insurance cover of Rs 5 lakh. Should I get a super top-up health insurance plan?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Star Health & Allied Insurance plans 15% price hike for two products
Star Health & Allied Insurance in Chennai may raise prices by up to 15% for Senior Citizens Red Carpet Health Insurance Policy and Young Star Health Policy due to medical inflation and healthcare costs.
NEET exam row: Rahul Gandhi's 'NEET' take on Modi, vows to be voice of students in Parliament
Congress leader Rahul Gandhi criticised Prime Minister-designate Narendra Modi for alleged irregularities in the NEET-UG medical entrance exam, affecting 24 lakh students. Gandhi pledged to advocate for students in Parliament and address issues impacting their future. The National Testing Agency denied irregularities, attributing higher marks to changes in textbooks and grace marks. Other parties have called for a high-level investigation into the NEET exam.
NEET-UG row: Education ministry sets up 4-member panel to review grace marks to over 1500 candidates
The NEET-UG medical entrance exam faced allegations of mark inflation, prompting the NTA to form a panel to review grace marks for over 1,500 candidates. Political parties, including AAP and Congress, raised concerns about irregularities, with demands for a re-exam and probes. The NTA denied any wrongdoing, attributing higher scores to textbook changes and grace marks for time lost at exam centers. Calls for a re-exam persist.
ECB jumps ahead of Fed, cuts interest rate by 25 bps for first time since 2019
ECB raises inflation forecast for 2024, 2025. Analysts say the quarter-point cut on Thursday would likely not usher in a swift series of further cuts as the bank waits to make sure inflation is under control while easing credit to help the economy. While inflation at an annual rate of 2.6% in May is well down from the peak of 10.6% in October 2022, the decline has slowed in recent months and inflation even ticked up slighly from 2.4% in April.
I received Rs 70 lakh after retirement. Where should I invest this amount for good return?
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Macro policy choices unclear, but work cut out on reforms agenda
In FY24, nominal GDP grew 9.6%, CPI inflation recorded 5.4%, and real GDP growth was estimated at 8.2%.
Free ration leaving people with more food than they can consume: Rajnath Singh
Defence Minister Rajnath Singh, during an election rally in Karakat, Bihar, claimed that under the free ration scheme, people are receiving more foodgrains than they can consume, often selling the surplus. He emphasized that food inflation in India is the lowest globally at 2.91%, compared to higher rates in other countries like the US and France. Singh challenged opposition parties to counter his claims, expressing his commitment to honesty in politics.
Charting the global economy: US inflation eases; rescue package for China property crisis
Soft retail sales, manufacturing signal cooling demand. As Biden hiked tariffs, China's economic recovery shifted to manufacturing.
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
"Will deposit Rs 8500 in women's accounts every month from July," says Priyanka Gandhi
Priyanka Gandhi emphasised that a share of government jobs will strengthen women's power. "The Centre's contribution to the honorarium of the Asha, Anganwadi and Cook sisters will be doubled. An insurance scheme of Rs 25 lakh will take you out of the quagmire of medical expenses. The situation will change," she assured.
Biden sharply hikes US tariffs on Chinese chips, cars & other items worth billions
President Joe Biden announced a significant increase in tariffs on various Chinese imports, including electric vehicles and medical products, to address what the White House deems unfair trade practices. The move aims to bolster U.S. economic security but risks straining relations with Beijing ahead of the upcoming election.
Stocks rise, dollar drifts ahead of US inflation report
Data overnight showed U.S. producer prices increased more than expected in April, indicating that inflation remained stubbornly high early in the second quarter.
Dollar droops ahead of crucial CPI test; yen under pressure
The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency.
Health insurance premium shot up over 25% last year for 52% policyholders, finds survey; here's how the impact can be reduced
Health insurance: Premiums of health insurance policies went up by more than 25% for 52% policyholders in India over the last 12 months. In this article we tell you how this will impact senior citizens and others and how you can take steps to reduce its impact if you are a new health insurance policy buyer.
Health insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums
In a major reform, Insurance Regulatory and Development Authority of India (IRDAI) has removed the ceiling of 65 years for a person to buy a health insurance policy. Additionally, the waiting period for pre-existing conditions has been reduced from four to three years. Both these rules have been effective from April 1, 2024. Will these new rules help uninsured senior citizens get health coverage? How easy is it now to buy a health insurance policy for the first time at the age of, say, 70? Find out here
Medical devices companies to soon have 'unique' pricing model
At present there is no separate pricing framework followed for medical devices. The government has been using the same framework which was created for drugs in case they want to regulate the price of any medical device. Earlier, it had regulated the prices of stents and knee implants under the Drug Price Control Order.
More companies offer IVF coverage even as they rationalise costs
Rising IVF coverage in corporate health insurance renewals with sub-limits managing premiums. Firms add cosmetic benefits amid medical inflation. Growth attributed to health and wellness benefits.
SC pulls up Centre over rising disparity in pvt-govt medical expenses, says "act or we will implement CGHS rates"
The Supreme Court criticized the Indian government for the stark contrast in medical costs between public and private facilities, citing citizens' fundamental right to healthcare. The court urged the Centre to implement 14-year-old rules establishing standard rates for treatments in consultation with states. If a resolution isn't found, the court warned of considering the petitioner's plea to enforce CGHS-prescribed standardized rates.
Unveiling Underinsurance: Not just portfolio but insurance coverage matters in house, motor and health
We are not wired to see risks, which makes us undermine various risks we are exposed to. So, people often think that if I don’t raise a claim at some point in time, then what is the use of insurance?
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