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India’s demonetization makes low-deposit accounts ‘parking lots for black money’
Jan Dhan accounts, integral to the Modi government’s plan for financial inclusion and direct benefit transfer, were meant to have a transformational role in the uplift of the underprivileged, but, ironically, demonetisation has made them a parking lot for black money. Official sources told FE that these accounts saw transactions of R19,250 crore in the 10 days to November 19; over R15,000 crore was deposited and some R4,250 crore was withdrawn.
- Categories
- Uncategorized
- Region
- South Asia
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China may open its Pharma industry to India for mutual gain
India's pharmaceuticals sector which is "slightly outperforming" that of China can benefit from the vast Chinese market for generic drugs and the acquisition of Gland Pharma by a Chinese company could prompt Beijing to open its pharma industry to Indian firms, the official media said.
- Categories
- Health Care
- Region
- South Asia
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Note Ban May Exacerbate India’s Public Health Crisis
A spate of deaths due to hospitals refusing to accept invalid currency notes has come to attention after Prime Minister Narendra Modi’s announcement invalidating 86% of India’s currency on November 8.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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India’s earnings from medical tourism could exceed US $8 billion by 2020
Apollo Hospitals, a pioneer in the Indian healthcare industry, has just opened its 66th hospital. In an exclusive chat with International Business Times, Dr. Prathap C. Reddy, Chairman - Apollo Hospitals Groups, discusses healthcare needs in India, medical tourism and more.
- Categories
- Health Care
- Region
- South Asia
- Tags
- public health
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Indian healthcare groups find a cure for higher growth
Cash-rich Indian hospital groups such as recently listed Narayana Hrudayalaya Ltd. are setting up operations in Africa to tap a growing stream of middle-class patients from the continent seeking quality health care.
- Categories
- Health Care, Investing
- Region
- South Asia
- Tags
- impact investing
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Indian healthcare groups find a cure for higher growth
Cash-rich Indian hospital groups such as recently listed Narayana Hrudayalaya Ltd. are setting up operations in Africa to tap a growing stream of middle-class patients from the continent seeking quality health care.
- Categories
- Health Care
- Region
- South Asia
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The State of Impact Investing in India
If there is one thing the government’s ongoing demonetisation drive has amplified, it’s the yawning gap that exists in India between the privileged and the underserved. In that context, it seems appropriate that the country hosted its first convention on impact investing this week. Put together by the Impact Investors Council in partnership with the ministry of external affairs, the convention saw 175 limited partners and fund managers from the impact investing universe converge in New Delhi.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
- Tags
- impact investing
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Indian government asks Paytm, Oxigen wallet to digitize rural cash
The government has dialled Paytm and Oxigen Wallet to help digitise cash transactions in rural India. The rural development ministry wants to rope in digital wallet firms to make the Rs 40,000 crore turnover of women’s self-help groups (SHGs) cashless and broaden financial inclusion.
- Categories
- Technology
- Region
- South Asia
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