India’s drug prices regulator calls for better oversight of private hospitals

India’s drug prices regulator calls for better oversight of private hospitals

India’s drug pricing authority called for better regulation of the country’s massive private healthcare industry on Friday to ensure government efforts to cut prices benefit patients. To cut the cost of procedures such as angioplasty and knee surgery, India’s National Pharmaceutical Pricing Authority (NPPA) has dramatically reduced prices of knee implants and cardiac stents in recent months. The move has been hailed as a major effort by Indian Prime Minister Narendra Modi to make healthcare affordable, but it has been met with stiff resistance from healthcare providers. Several hospitals across…

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Education reforms: Rating by private bodies, 3-tier autonomy for institutions

Education reforms: Rating by private bodies, 3-tier autonomy for institutions

In a major reform, the government plans to outsource assessment and accreditation of the higher education institutions to private bodies and give full autonomy — academic, financial and administrative — to the top ranked institutions, Niti Aayog vice-chairman Arvind Panagariya told HT. This is part of the higher education reform package being finalised by the National Institution for Transforming India (Niti) Aayog and the HRD ministry. The Prime Minister’s Office in March had asked them to prepare a blueprint for higher education reform that breeds academic excellence in top institutions…

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Singapore’s OCBC Bank eyes ultra rich in Indonesia with set up of new private wealth business

Singapore’s OCBC Bank eyes ultra rich in Indonesia with set up of new private wealth business

Nicky Loh | Bloomberg | Getty Images Singapore’s second largest lender Oversea-Chinese Banking Corporation (OCBC) on Monday launched an Indonesian private banking unit as the bank expands its wealth management presence in the region. The new onshore unit will be run by OCBC NISP, the Indonesian subsidiary that is 85 percent owned by OCBC Bank. Its target clients are Indonesians with assets under management of more than $1 million. OCBC, citing Capgemini’s Asia Pacific Wealth Report 2016, said in a statement there are 48,000 high net worth individuals in Indonesia…

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Most Indians Dependent on Private Healthcare: Study

Most Indians Dependent on Private Healthcare: Study

Households across India still overwhelmingly depend on private providers for healthcare services over public healthcare, a recent study has found. Senior Fellow at Brookings India, Shamika Ravi, found in her study “Health and Morbidity in India: 2004-2014” that as much as 75 per cent of outpatient (OPD) care in India was exclusively private in 2014. Around 55 per cent of inpatient (IPD) care is from private hospitals, it added. Ravi, however, noted that dependence on private healthcare is declining. “Indian households’ dependence on public care has risen by 6 per…

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