A Strong Parallel Between Health Care And Housing For “All”

My colleague Alex Berezow at the American Council on Science and Health (ACSH) has a skill for writing efficiently about complex issues like COVID-19 and health care. In one of his latest posts at ACSH he points out the deep flaw in the notion of “universal health care” in a way that, with some minor edits, could be repurposed to criticize the notion of “housing as a human right.” Simply put, when anything is made universal it almost certainly isn’t unless there is an absolute equilibrium between supply and demand,…

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PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore.  “Loans worth over Rs 6.45 lakh crore were sanctioned…

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Should you go for investment products that come with lock-in?

Uncertain financial situation and the market dynamics coupled with a bleak economic scenario are prompting people to take a hard look at their investment options. Investors are especially concerned about products with long lock-in periods, say five, 10 or 15 years. Many are wondering whether it is the right time to lock funds for the long term. Read more to know what you should do if you are in a similar situation. Enhance your liquidity position Considering job losses and pay cuts in the wake of the covid-19 pandemic, financial…

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BANKS PRESSURE HEALTH CARE FIRMS TO RAISE PRICES ON CRITICAL DRUGS, MEDICAL SUPPLIES FOR CORONAVIRUS

IN RECENT WEEKS, investment bankers have pressed health care companies on the front lines of fighting the novel coronavirus, including drug firms developing experimental treatments and medical supply firms, to consider ways that they can profit from the crisis. The media has mostly focused on individuals who have taken advantage of the market for now-scarce medical and hygiene supplies to hoard masks and hand sanitizer and resell them at higher prices. But the largest voices in the health care industry stand to gain from billions of dollars in emergency spending on the pandemic, as do…

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Do recurring investment for yearly goal

I retired at the age of 65. Now there is no contribution to my Employees’ Provident Fund (EPF) account. Will my account continue to earn interest as declared from time to time? —R.K. Gupta Employees typically rely on EPF to build their retirement corpus. With years of contribution both by the employer and the employee and along with the interest, and the benefit of compounding which works in favour of the investor, a sizeable corpus is built. On top of that, the tax-free status given to EPF makes it an…

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Better than physical Gold investment! Women may explore these options for safety, high returns

Check gold investment alternative options in India. Gold investment risks and options in India: Being the second-largest consumer of gold, investing in gold and gold jewellery has always been a favourite option in India, especially among women. Although physical gold can be bought in different forms, such as bars, coins, and even jewellery, this comes at a cost and brings in the risk of storage, risk of being stolen, as well as concerns around purity. So, is there a way to get rid of these risks while investing in Gold? Harsh…

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