The creation of new jobs is essential for a healthy economy. However, the lack of reliable data on jobs is currently a much debated issue and key concern in the country today.
Domestic medical device industry hails government’s move to rationalise and cap trade margins in medical devices to achieve the overall goal of affordable healthcare for all by making all critical and lifesaving medical devices available at affordable prices. However, we suggest that the government should tread the fine line carefully between affordability and boosting domestic manufacturing or suffocating domestic medical device industry and allowing importers to create artificial inflation.
Local communities have for long believed that they own the right to life and occupation. When land is sold at cheap prices by the government, people often relocate, because where they are born, may not provide them with optimum chances of survival. It is because of this, that whole villages in Palakkad and Wayanad emerge as fully formed entities, with the same layout of streets, shops and residences as the hamlets the people originally come from. The settlers represent a new aristocracy, bringing with them the cultural ensemble of their previous homes and villages.
It was the best of times, it was the worst of times…” said Charles Dickens about the dichotomies in 18th century Europe in his book, A Tale of Two Cities.
The announcement of president Trump last week expressing his willingness to hold a summit with Iran with ‘no preconditions’, after a chain of threatening exchanges between him and president Rouhani, for a new model of US-Iran Nuclear deal indicates yet another flip flop in US policies. It is unlikely to be taken seriously so easily, after witnessing US withdrawal from the Joint Comprehensive Plan of Action (JCPoA) of 2015 with Iran (Commonly known as Iran Nuclear Deal) even at the cost of differing with its allies and strategic partners, who have critical trade relations with Iran.
Last fortnight’s visit to Brussels, London and Helsinki by the US President Donald Trump has opened up the deep fissures in the Western alliance even though that had for almost eight decades maintained a hegemonic presence on international politics. While it would be easy to see this in light of larger schema of an overall acknowledgement that the locus of international politics is shifting from its Eurocentric location to an entirely new kind of ‘Concert of Asia’ with China, India and on account of its Eurasian land mass, Russia.
Today’s generation is being universally felicitated for its ambitious, go-getter attitude and its courage at not letting financial constraints stand in the way of career goals. New enterprises and entrepreneurs are a vital sign of an economy’s health. No longer is seeking funds for a smart business idea whose time has arrived, a preserve of the well connected or well placed. There are many ways to get your plans across to a huge audience of investors.
Indian e-commerce has seen a growth in the past few years. From the pioneering days of IndiaPlaza and Flipkart, which had to create the ecosystem from the ground up, to Walmart’s acquisition of Flipkart at a heady $16 billion valuation, India as a market has evolved tremendously.
Agriculture growth in India is not only stagnating but also declining. Out of the three pillars of Indian economy —agriculture, industry and services — agriculture growth is likely to be slowest at 2.1 per cent (as per the Economic Survey 2018). What is a significant worrying factor is that the percentage of agricultural workers in total work force would drop to about 26 per cent by 2050 from 58 per cent in the beginning of this century. Obviously for these data points necessitate quick action by the stakeholders to arrest the drop in numbers.
While India has several healthcare achievements to its credit, including the eradication of small pox in 1977, the triumph over polio in 2014, maternal and neonatal tetanus in 2015 and YAWS in 2016, its 1.3 billion strong population continues to suffer from one of the world’s worst burdens of disease. There is a perceptible rise in non-communicable diseases with ischemic heart stroke leading the list of directly attributable causes at 12 per cent of the population.