-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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Aadhaar, fingerprint scan enough to open bank account-Mayur Shetty
-The Times of India MUMBAI: A few weeks after RBI governor Raghuram Rajan stressed on building credit histories of individuals based on the Aadhaar number, one bank has introduced unique identity-based eKYC for opening loan and Savings Accounts. Axis Bank, which is using payment company Visa's network to access Aadhaar database , will introduce the eKYC facility in around 25 branches next week. The branches will open loan and deposit accounts based...
More »Rajan panel wasn't unanimous in framing underdevelopment index
-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former chief economic advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...
More »Banking Facilities Inaccessible, Tribal Woman Suffers
-Outlook Gadchiroli: A poor tribal woman has been running from pillar to post for the last 15 days to open a bank account. In absence of a bank account, Sarika Sanjay Madavi, who has a two-month-old child, is unable to avail benefit of a financial assistance scheme of the Maharashtra Government. The 25-year-old resides with her husband and mother- in-law in village Chatgaon under Dhanora taluka of this Eastern Maharashtra district, which is...
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...
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