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. The number of doctors at primary health centres (PHCs) in rural India has improved remarkably over the last five years, but the acute crisis of specialists in community health centres (CHCs) persists across the country, show government data. There were 26,464 doctors in rural PHCs in 2015-16. This number grew to 31,716 in 2020-21, marking a rise of 20 percent. However, during the same period, the number of specialists at CHCs in rural areas grew from 4,192 to 4,405, an improvement of just about 5 percent. The latest numbers come from the Rural Health Statistics 2020-21, which was released last week. The report highlighted that as of March 2021, there were just 4,405 specialists at rural CHCs against the requirement of 21,924. In other words, there is a shortfall of 17,519 specialists or a whopping 80 percent. Close These numbers suggest that owing to the gradual rise of medical colleges in the country there may be more MBBS doctors now available to serve … [Read more...] about Specialist doctor crisis persists in rural India; no change in last five years despite rising seats in medical colleges

The governance scores of family firms in the ESG (Environment, Social and Governance) rating, as per Reuters and Sustainalytics data, were found to be lower than those of other firms. (Photo by Akil Mazumder/Pexels) SOUGATA RAY, NUPUR PAVAN BANG & NAVNEET BHATNAGAR The debate whether companies should be governed with the sole objective of maximising shareholder value (shareholder capitalism as reflected in the shareholder primacy model advocated by Prof. Milton Friedman) or balancing the interests of multiple stakeholders (stakeholder capitalism as reflected in stakeholder primacy model advocated by Prof. R. Edward Freeman), including shareholders, has been raging for several decades. Climate disasters, rapidly rising inequalities and COVID-19 have perhaps put to rest the shareholder vs. stakeholder primacy debate and tilted the balance firmly in favour of the latter. Modern corporations, irrespective of ownership, have an obligation to act in the interests of … [Read more...] about Shareholder capitalism to stakeholder capitalism: Are Indian family firms prepared?

Big shocks to the global economy, such as Russia's invasion of Ukraine, understandably capture the most attention. But a new worldwide pattern of "little fires everywhere" may be equally consequential for longer-term economic well-being. Over time, these small fires can coalesce into one that is just as threatening as the initial large fire that acted as the catalyst. In addition to causing widespread death and destruction, and displacing millions of people, the Ukraine war continues to stoke strong stagflationary winds throughout the global economy. The resulting damage -- whether in the form of higher food and energy prices or new supply-chain disruptions -- cannot be easily or rapidly countered by domestic policy adjustments. For most countries, the war's immediate economic consequences include higher inflation (which erodes purchasing power), lower growth, increased inequality and greater financial instability. The multilateral system, meanwhile, now faces greater obstacles to … [Read more...] about Beware a global economy with many little fires