by Anurag KumarHealth spending is largely viewed as a cost. This is true of Governments and individuals alike. Finance Ministries thinks of health as a social sector expenditure. Individuals avoid paying for health till it becomes absolutely necessary and unavoidable.It would be wise for both, Governments, and individuals to consider health as an investment instead. Individual ‘investment’ in self-care and preventive health yield returns by lowering need for, and spending on curative care. Government investment in health has a strong multiplier effect throughout the economy in addition to enhancing the population’s well-being.The 2021 budget presents an opportunity to mark a departure from the chronic, low public spending on health. Policymakers should take the Covid-19 pandemic as a cue to move health expenditure to a higher orbit. Beyond the immediate need to fund Covid-19 vaccination, it is also a critical juncture where the role and impact of public health funding … [Read more...] about Investing in health is good economics
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I’m all ears for suggestions that would benefit gaon, garib, kisan: Modi
"I have asked all parties for their suggestions to bring contentment and security to our farmers. I want to assure our farmers that this Government will never be found wanting in doing whatever is needed for their welfare," he said. … [Read more...] about I’m all ears for suggestions that would benefit gaon, garib, kisan: Modi
Economic Watch: Zooming into China’s economy in 2020 beneath headline growth
The coronavirus outbreak in Q1 2020 had brought China's industrial activity to a halt. But as soon as the virus spread was largely contained, China gradually and cautiously reopened factories and resumed production, enabling the industrial sector to become the first to stage a rebound. … [Read more...] about Economic Watch: Zooming into China’s economy in 2020 beneath headline growth
Celebrations at Dalal Street; Sensex crosses 50k mark for the first time
The BSE barometer of top 30 firms, S&P BSE Sensex, reached the 50,000-mark for the first time on Thursday, hitting a record high of 50,140 in opening deals. The market capitalisation of listed firms on the BSE, too, touched a record high of Rs 199 trillion.Sensex’s journey from 45,000 to 50,000 currently is the fastest 5,000-point rally in the history of Dalal Street’s oldest equities index and was completed in just 48 days. It’s run from 40,000 to 45,000 levels took 561 days to accomplish.According to experts, Foreign Portfolio Investors have been the main driver behind the market rally in India. After the initial bout of selling in the earlier part of 2020, FPIs have been consistently buying Indian equities so far. As per the data available with the NSE, In the year 2020, FPI made a net equity investment of Rs 1.5 lakh crore into the Indian market.Vijay Chandok - MD & CEO, ICICI Securities said- "Sensex crossing the important milestone of 50,000 is a telling … [Read more...] about Celebrations at Dalal Street; Sensex crosses 50k mark for the first time
Turkey seeks to enhance ties with ASEAN amid COVID-19 economic woes
"Through the activities of this group, we aim to create the perception of being a direct partner, not a sectoral dialogue partner, for the ASEAN countries and increase the effectiveness of the Turkish business world in the region," Olpak said on Tuesday in an online meeting with journalists. … [Read more...] about Turkey seeks to enhance ties with ASEAN amid COVID-19 economic woes
