The New Year began with very good news about the Indian economy. During the last five years, 2004 to 2009, India’s most backward states have shown remarkable growth. Bihar, which grew at 4.5 per cent a year between 2001 and 2005, showed a growth rate of 11.3 per cent between 2005 and 2009. Similarly, Odisha increased its growth performance from 4.94 to 8.74 per cent between these two periods; Jharkhand...
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Costly healthcare pushes 39m into poverty by Rema Nagarajan
In India, private spending on health is 4.2% of GDP. More than 70% of all Health Expenditure in India is paid for by people from their own pockets and this expenditure has been rising, especially for the poorest with increasing privatization of healthcare. According to a Planning Commission paper of May 2009, several studies conducted in villages showed that healthcare expense was responsible for over half of all the cases...
More »'We don't want MNCs to patent Indian traditional knowledge'
Multinational companies will now find it very difficult to patent products made by using Indian traditional knowledge of science. The Indian government has digitized all traditional knowledge of medicine available in India and has shared it with the US President and United States patents office so that nobody benefits unduly by using Indian knowledge and files for patents on such products. "We call it traditional knowledge in a digital library," said Minister...
More »The lives of the poor have no value? by Mahesh Vijapurkar
Beware. If you are poor, go to a municipal or government hospital and seek medical help, chances are that anything can be done to you and if it affects your life or livelihood, there is nothing can be done to secure protection even if it is a case of medical negligence. Because, when you do not pay, you are getting things "not for a consideration" and when that consideration -- fees...
More »Indians spend 25% of income on food, 1.5% on health, 1.4% on EMIs
Of Indian households’ total annual income, 0.22 per cent is spent on buying newspapers — that is, if total national household annual income was Rs 100, 22 paise would be set aside for newspapers. Paying off bank loans (expenditure under equated monthly instalments) takes up 1.4 per cent of total household annual income. The share of Health Expenditure is 1.5 per cent, and that of education expenditure, 3.21 per cent....
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