Financial Express (India)’s Post

The rollback of freebies by Himachal Pradesh government in the wake of severe financial crisis should become a case study of the possible hazards of politically motivated public welfare policies without any financial forecasting. If one remembers, Himachal Pradesh was one of the first states to go back to the Old Pension Scheme as well in spite of repeated flags raised by no less than the RBI governer himself, among others. Piling on the debt burden of a state to offer unsustainable welfare should be discouraged at the highest level especially when we as a nation are trying to reduce the fiscal deficit and becoming more self reliant. The public coffers don’t just fill by themselves and a lot of aspiring political leaders fail to understand this. Governance should be as much about generation of revenues as it is about equitable distribution of resources.

The government and the stakeholders foresee the #MedicalDevices industry attaining $50 billion by 2030, with a projected 15% CAGR over 9 years. This growth is traced in the #ASSOCHAM & Avalon Consulting combined report on ‘From Vision to Action: Building a Globally Competitive Medical Devices Industry in India,’ which promises transformative impacts across industries. 🔗 To read more, click: https://bit.ly/4a5CcBL Ministry of Health and Family Welfare, Government of India

Here are the domestic market and import trends in the last few years of India's #MedicalDevices Market. Dive into the report on ‘From Vision to Action: Building a Globally Competitive Medical Devices Industry in India, jointly prepared by #ASSOCHAM & Avalon Consulting, to learn more about the subject. https://bit.ly/4a5CcBL Ministry of Health and Family Welfare, Government of India

Key differences in COVID-19 management between the U.S. and Europe include: Public Health Systems: European countries generally have universal healthcare systems, which provided better access to care and testing, while the U.S. faced challenges due to its fragmented healthcare system. Government Response: Europe implemented stricter lockdowns and social distancing measures earlier than the U.S. The U.S. response varied significantly by state, leading to inconsistent containment efforts. Economic Support: Europe used extensive social welfare systems to support workers, such as Kurzarbeit schemes, while the U.S. focused on stimulus checks and unemployment benefits.

Breaking News: The latest data from the Australian Institute of Health and Welfare reveals a concerning trend: In January 2024, Medicare coverage of GP fees dropped to 83% – the lowest on record. For more information please visit: https://lnkd.in/gvrKFr2p #AustralianHealth #Medicare #GPfees #HealthData #January2024

Overall, the Union Budget 2024-25 presents a balanced approach, combining fiscal discipline with targeted investments to stimulate economic growth, enhance infrastructure, and promote social welfare. It aims to lay a strong foundation for India's journey towards becoming a $10 trillion economy by 2047.

Paper: Economic Dynamic and Demographic Problematic of the Welfare State in Europe. By Dr. Salam Al Rabadi. The 7th Annual Conference on Political Economy, Associação Portuguesa de Economia Política, Lisbon School of Economics and Management (ISEG) . Portugal.  As a result of declining demographic growth, rising aging, and widening social, economic and political inequality, Europe's welfare state is in question. It is clear that the future of the welfare state in Europe stands on unstable economic ground. Which will have fateful implications at all levels. Consequently, these changes will result in a number of challenges that are likely to be of great importance in the coming decades. Where Europe is expected to face a decline in the number of working-age population and a possible decline in the size of the labor force. Inevitably, this reality will raise strategic questions about the available European options and alternatives, especially at the level of the dialectical relationship between demographic growth, the welfare state. Therefore, this reality requires raising many question marks related to the following problematic: Can protect the welfare state and continue economic growth under the weight of a declining fertility rate and a high aging rate? Is there a current model (European or global) that confirms this? See: https://lnkd.in/g-gf5i4E

Advancing India’s #MedicalDevices Sector with 3 key drivers and 4 enabling factors. A collaborative effort between industry and government has ignited transformative growth, positioning #India on the path of global competitiveness. Check out the insights from the #ASSOCHAM & Avalon Consulting report on ‘From Vision to Action: Building a Globally Competitive Medical Devices Industry in India.’ https://bit.ly/4a5CcBL Ministry of Health and Family Welfare, Government of India

Recently, there has been a great deal in the news regarding welfare reforms planned by Prime Minister Rishi Sunak, aimed at the so-called “sick note culture” that is said to exist in the UK. In a new Big Issue article Katy Wright, Big Issue Recruit Director, gives her opinion on what this means for people facing barriers to work and what a sustainable solution looks like. Read the full article here ▶ https://lnkd.in/e6YhFPN8 #BigIssueRecruit #Employment #Work #Solutions

#NewIndia facilitates 100% #FDI through the automatic route in the #healthcare sector, boosting the medical economy and solidifying its status as a premier investment destination. Learn more: https://lnkd.in/fAYd69Y #InvestIndia #InvestInIndia Ministry of Health and Family Welfare, Government of India Ministry of Commerce and Industry, Government of India Department for Promotion of Industry and Internal Trade NITI Aayog