The Central and State governments have introduced several innovations in the healthcare sector in recent times, in line with India’s relentless pursuit of reforms. However, while the government’s goal is to increase public health spending to 2.5% of GDP, health spending is only 1.15-1.5% of GDP. To reach its target, …
Read More »Monthly Archives: February 2019
Kidneys grown in rats could pave way for human transplant
Scientists said on Wednesday that they have successfully used mice stem cells to grow kidneys in rat embryos, using a technique that could one day help grow human kidneys for transplant. But the researchers cautioned that their success was only a first step and that “serious technical barriers and complex …
Read More »Crows can identify ‘tool-making stem’
The birds use leaves and plant parts to create the right hooks for hunting New Caledonian crows can identify the best plants for fashioning hunting hooks from among myriad shrubs in the forest undergrowth, researchers said on Wednesday. The birds use leaves and plant stems to create an array of …
Read More »RBI unlikely to transfer contingency fund to govt.
The Reserve Bank of India (RBI) is unlikely to give in to the government’s demand of transferring funds that was set aside for contingency reserves in 2016-17 and 2017-18, according to sources.A total of Rs. 27,330 crore — Rs. 13,140 crore in FY17 and Rs. 14,190 crore in FY18 — …
Read More »Strong export growth boosts Wheels India net
Leading steel wheels manufacturer Wheels India Ltd. has posted an 18.28% rise in net profit for the third quarter ended December 2018 to Rs. 15.27 crore compared to Rs. 12.91 crore registered in the corresponding year-earlier period. Revenues rose 32.77% to Rs. 786 crore, from Rs. 592 crore. “There was …
Read More »Cabinet approves unified regulator for IFSCs
The Cabinet has approved the setting up of a unified authority that would regulate all the financial services in International Financial Services Centres (IFSC), such as the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. This is to be done through the International Financial Services Centres Authority Bill, 2019. An IFSC …
Read More »‘Members’ fiduciary responsibility with RBI’
The fiduciary responsibility of the RBI’s board members lies with the central bank, its Governor Shaktikanta Das is learnt to have said. Mr. Das, who took charge in December, had made the remark while interacting with other board members during the farewell of his predecessor Urjit Patel in a South …
Read More »Trump calls for bipartisanship, but holds on to divisive themes
In the State of the Union address, President presses hishard line on immigration, says he will get the wall built Speaking words of bipartisanship, U.S. President Donald Trump delivered a State of the Union (SOTU) address that suggested he would continue to pursue policies that have most deeply divided the …
Read More »Heavy snowfall in J&K freezes connectivity
Road and air traffic between Jammu and Kashmir and the rest of the country was suspended on Wednesday due to heavy snowfall across the Valley, officials said. Of the 27 flights scheduled to arrive at the Srinagar Airport, 15 have been cancelled due to low visibility and incessant snowfall, an …
Read More »Hiking MSPs distorts agri market: official
A senior Finance Ministry official has slammed a key plank of the government’s agriculture policy, saying that raising minimum support prices (MSP) for major crops causes distortions in the agriculture market. This leads to a vicious cycle of oversupply of such crops and a crash in market prices, said the …
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