-The Economic Times NEW DELHI: Getting better is getting cheaper. The new drug price policy, the first after 18 years and expected to fully come into effect over the next six months, will reduce average middle class household spend on medicines by over 20%. For some crucial medicines, savings could be as much as 50% or more. The drug price regulator is crunching numbers to measure the impact of the new pricing...
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Pulling manufacturing out of the rut-Arun Maira
-The Hindu It is the only sector that can create jobs and prevent the economic crisis from deepening In the last two decades, the Indian economy has witnessed a transformational change to emerge as one of the fastest growing economies in the world. Economic reforms unveiled in 1991 have brought about a structural shift enabling the private sector to assume a much larger role in the economy. GDP growth has largely been...
More »Lifestyle diseases to cost India $6 trillion, study estimates -Durgesh Nandan Jha
-The Times of India NEW DELHI: India's march towards being an economically stable nation is threatened not just by global financial issues. Poor health indicators pose an equally big threat. The Harvard School of Public Health has, in a study on economic losses due to non-communicable diseases (NCDs), estimated that the economic burden of these ailments for India will be close to $6.2 trillion for the period 2012-30, a figure that is...
More »Economists on the Wrong Foot: a critique of Jagdish Bhagwati and Amartya Sen-Ashish Kothari and Aseem Shrivastava
-IndiaResists.com The ongoing debate between two stalwart economists, Amartya Sen and Jagdish Bhagwati, must be joined by those who understand contemporary realities and challenges in terms altogether different from those of mainstream economists. In a recent (July 27) article in Times of India, Bhagwati's co-author Arvind Panagariya characterizes the differences between the two in the following terms. Sen favours education and health measures as being the first steps to tackle poverty...
More »UN report cites advertising ban as powerful tool in reducing tobacco use
-The United Nations One in three people is now covered by at least one life-saving measure to limit tobacco use, according to a United Nations report which highlights the progress over the past five years of reducing potential smokers through advertising bans and awareness campaigns. According to the report on the Global Tobacco Epidemic 2013, the number of people covered by bans on tobacco advertising, promotion and sponsorship increased by almost 400...
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