Diberdayakan oleh Blogger.

Popular Posts Today

Gold erases gains from Fed expectations and falls on pricing data

Written By Unknown on Sabtu, 12 April 2014 | 08.10

Investing.com - Investing.com - Gold prices erased recent gains stemming from expectations for U.S. monetary policy to stay loose and fell on Friday after U.S. wholesale pricing data beat market expectations

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at $1,318.60 a troy ounce during U.S. trading, down 0.14%, up from a session low of $1,314.40 and off a high of $1,324.20.

The June contract settled up 1.12% at $1,320.50 on Thursday.

Futures were likely to find support at $1,295.90 a troy ounce, Monday's low, and resistance at $1,324.90, Thursday's high.

Gold prices shot up this week after language out of the Federal Reserve suggested that interest rates will remain low for some time due to soft inflation rates and a slack labor market.

On Friday, prices got a shot in the arm after U.S. wholesale prices came in stronger than expected for March.

Official data released earlier showed that the U.S. producer price index rose 0.5% in March, exceeding expectations for a 0.1% gain, after a 0.1% fall the previous month.

Core producer price inflation, which is stripped of volatile food, energy and trade items, rose 0.6% in March, beating expectations for a 0.2% rise after a 0.2% decline in February.

Elsewhere, the preliminary Thomson Reuters/University of Michigan consumer sentiment index came to 82.6 in April, beating expectations for a 81.0 reading.

Still, growing market consensus that the Federal Reserve is nowhere close to tightening policy cushioned gold's losses.

Meanwhile, silver for May delivery was down 0.66% at US$19.958 a troy ounce, while copper futures for May delivery were down 0.11% at US$3.042 a pound.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!


08.10 | 0 komentar | Read More

Dollar gains on upbeat U.S. producer price index

Investing.com - Investing.com - The dollar traded mixed to higher against most major currencies on Friday after U.S. consumer sentiment and wholesale pricing reports beat expectations.

In U.S. trading on Friday, EUR/USD was down 0.03% at 1.3883.

Upbeat U.S. indicators supported the greenback on Friday.

The preliminary Thomson Reuters/University of Michigan consumer sentiment index came to 82.6 in April, beating expectations for a 81.0 reading.

Separately, official data showed that the U.S. producer price index rose 0.5% in March, exceeding expectations for a 0.1% gain, after a 0.1% fall the previous month.

Core producer price inflation, which is stripped of volatile food, energy and trade items, rose 0.6% in March, beating expectations for a 0.2% rise after a 0.2% decline in February.

Still, growing market consensus that the Federal Reserve is nowhere close to tightening policy watered down the greenback's gains.

Meanwhile across the Atlantic, the euro saw some support after Greece made a successful return to the financial markets on Thursday, raising €3 billion in its first bond auction since 2010, when Athens sought its first bailout.

The dollar was up against the yen, with USD/JPY up 0.07% at 101.61, and down against the Swiss franc, with USD/CHF down 0.10% at 0.8757.

The greenback was up against the pound, with GBP/USD down 0.28% at 1.6737.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.35% at 1.0974, AUD/USD down 0.18% at 0.9397 and NZD/USD up 0.10% at 0.8689.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.09% at 79.55.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!


08.10 | 0 komentar | Read More

Dollar dips on Fed minutes, shrugs off solid jobless claims report

Written By Unknown on Jumat, 11 April 2014 | 08.10

Investing.com - Investing.com - The dollar weakened against most major currencies on Thursday as investors continued to avoid the greenback after the minutes from the Federal Reserve's March policy meeting revealed monetary authorities are concerned with soft consumer prices.

In U.S. trading on Thursday, EUR/USD was up 0.27% at 1.3893.

The Federal Reserve Board of Governors unanimously voted to scrap a threshold that would hike interest rates once the unemployment rate hits 6.5%, according to the minutes of the Fed's March policy meeting released on Wednesday, a sign monetary authorities are growing concerned over low inflation rates.

In the past, the Fed had indicated rates were set to rise when the unemployment rate hits 6.5% provided that figure accompanied a 2.5% inflation rate.

Today, the headline unemployment rate stands at 6.7%, not far from the previous threshold, though labor markets remain slack and inflation remains well below 2.5%.

The Federal Reserve's decision to do away with its rate-hike threshold left markets convinced that interest rates will remain low for some time to come, even after the U.S. central bank winds down monetary stimulus programs.

Low borrowing costs weaken the dollar.

The minutes also indicated general concerns among monetary authorities over persistently low inflation rates.

"In light of their concerns about the possible persistence of low inflation, members agreed that inflation developments should be monitored carefully," the Fed minutes said.

Elsewhere on Thursday, the Labor Department reported that the number of individuals filing for initial jobless benefits in the week ending April 4 fell by 30,000 to 300,000, the lowest since May of 2007, from the previous week's upwardly revised total of 332,000.

Analysts had expected jobless claims to decline to 320,000, though the numbers did little to boost the dollar.

Meanwhile in the euro zone, Greece made a successful return to the financial markets on Thursday, raising €3 billion in its first bond auction since 2010, when Athens sought its first bailout.

The dollar was down against the yen, with USD/JPYY down 0.55% at 101.43, and down against the Swiss franc, with USD/CHF down 0.43% at 0.8758.

The greenback was up against the pound, with GBP/USD down 0.02% at 1.6790.

The Bank of England left the benchmark interest rate unchanged at 0.50% earlier Thursday, in a widely anticipated move.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.39% at 1.0923, AUD/USD up 0.37% at 0.9425 and NZD/USD down 0.20% at 0.8697.

The Aussie rise official data released earlier revealed that the number of employed people in Australia rose by 18,100 in March, exceeding expectations for a 5,000 rise.

Australia's unemployment rate ticked down to 5.8% last month, from 6.1% in February.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.20% at 79.44.

On Friday, the U.S. is to round up the week with data on producer price inflation and the preliminary report on the University of Michigan's consumer sentiment index.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!


08.10 | 0 komentar | Read More

U.S. stocks hammered by tech selloff; Dow plummets 1.62%

Investing.com - Investing.com - U.S. stocks plunged on Thursday fueled by a sell-off in the technology and biotechnology sectors, as investors viewed valuations have grown too lofty.

At the close of U.S. trading, the Dow 30 fell 1.62%, the S&P 500 index fell 2.09%, while the Nasdaq fell 3.10%.

Biotech, Internet and other tech companies, bigt beneficiaries of a five-year bull market fueled in part by loose monetary policies, took a pounding on Thursday on sentiments valuations have grown too high.

Facebook shares plunged 5.21%, search-engine giant Google fell 3.59% while Apple shares fell 1.29%.

Defensive plays did see some demand, as investors shifted their focus away from momentum stocks and more towards safer plays that will produce stable earnings and cash flow as the underlying economy improves without Fed support.

Since the 2008 financial crisis, the Federal Reserve has bought trillions of dollars in bonds in an effort to suppress borrowing costs to spur recovery, with stocks being one of the biggest beneficiaries.

Leading Dow Jones Industrial Average performers included McDonald's Corporation (NYSE:MCD), up 1.10%, AT&T Inc (NYSE:T), up 0.59%, and Coca-Cola Company (NYSE:KO), down 0.24%.

The Dow Jones Industrial Average's worst performers included American Express Company (NYSE:AXP), down 3.77%, Walt Disney Company (NYSE:DIS), down 3.68%, and J P Morgan Chase & Co (NYSE:JPM), down 3.16%.

European indices, meanwhile, finished largely lower.

After the close of European trade, the DJ Euro Stoxx 50 fell 0.98%, France's CAC 40 fell 0.66%, while Germany's DAX fell 0.54%. Meanwhile, in the U.K. the FTSE 100 rose 0.10%.

On Friday, the U.S. is to round up the week with data on producer price inflation and the preliminary report on the University of Michigan's consumer sentiment index.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!


08.10 | 0 komentar | Read More

RCL Retail - Outcome of Board Meeting

Written By Unknown on Kamis, 10 April 2014 | 08.10

RCL Retail at its meeting held on April 05, 2014, has decided and approved the resolution u/s 180 of Companies Act, 2013 and other applicable provisions of the Act, subject to approval of the members through postal ballot process.

RCL Retail Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 05, 2014, inter alia, has decided the following:1. Approved the resolution u/s 180 of Companies Act, 2013 and other applicable provisions of the Act, subject to approval of the members through postal ballot process.2. Appointed Mr. Balu Sridhar of M/s. A. K. Jain & Associates, Company Secretaries, as Scrutinizer for carrying out the postal ballot process.Source : BSE

Read all announcements in RCL Retail


08.10 | 0 komentar | Read More

Incon Engineers' re-appointment of compliance officer

Incon Engineers has informed that Mr. Sreedhar Chowdhury, Managing Director of the Company has been re-appointed as a Compliance Officer for the year 2014-2015.

Incon Engineers Ltd has informed BSE that Mr. Sreedhar Chowdhury, Managing Director of the Company has been re-appointed as a Compliance Officer for the year 2014-2015.Source : BSE

Read all announcements in Incon Engineers


08.10 | 0 komentar | Read More

Crude gains as Ukraine crisis heats up anew

Written By Unknown on Rabu, 09 April 2014 | 08.10

Investing.com - Investing.com - Crude futures shot up on Tuesday on fears the Russian standoff in Ukraine may escalate, which could disrupt supply from oil-rich Russia.

On the New York Mercantile Exchange, West Texas Intermediate crude oil for delivery in May traded at $102.30 a barrel during U.S. trading, up 1.85%. New York-traded oil futures hit a session low of $100.67 a barrel and a high of $102.49 a barrel.

The May contract settled down 0.69% at $100.44 a barrel on Monday.

Nymex oil futures were likely to find support at $99.95 a barrel, Monday's low, and resistance at $102.89 a barrel, the high from March 7.

Oil prices firmed after pro-Russian activists in Ukraine's industrial center of Donetsk declared their independence from Kiev, a move Ukrainian leaders described as part of a Russian-orchestrated plan to justify an invasion.

U.S. Secretary of State John Kerry said earlier that Russian agents were encouraging unrest in eastern Ukraine and said Moscow was preparing military action in the region.

Capping gains, however, were expectations for Libyan crude exports to normalize.

Libyan government officials and rebels reached an agreement over the weekend to re-open Zueitina and Hariga ports, which normally export a combined total of 200,000 barrels a day, mostly to Europe.

The news sent oil prices falling, as the end to the standoff will increase global supply.

Elsewhere, on the ICE Futures Exchange in London, Brent oil futures for May delivery were up 1.74%, trading at US$107.67 a barrel, while the spread between the Brent and U.S. crude contracts stood at US$5.37 a barrel.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!


08.10 | 0 komentar | Read More

Dollar edges lower on Fed uncertainty, Ukraine unrest

Investing.com - Investing.com - The dollar traded lower against most major currencies on Monday on concerns that the minutes from the Federal Reserve's March policy meeting due for release on Wednesday will reveal a less-than-stellar take on U.S. recovery.

Escalating Ukraine unrest softened the greenback as well.

In U.S. trading on Tuesday, EUR/USD was up 0.38% at 1.3795.

The dollar weakened as investors avoided the U.S. currency ahead of Wednesday's minutes of the Fed's March meeting, which should provide fresh insight as to the direction of monetary policy.

Last week's U.S. payrolls report came in slightly below expectations, which unraveled investors, as Fed Chair Janet Yellen has said slack labor markets will call for accommodative policies to stay in place for some time.

Demand for the euro remained firm after European Central Bank officials on Monday stressed that while fresh easing measures may be needed to steer the euro zone away from deflationary pressures, implementation of such tools is not imminent.

Last week the ECB left the door open to further stimulus measures, saying that unconventional monetary policy instruments may be necessary to avert the risk of ongoing low inflation in the euro zone.

Elsewhere, emerging-market currencies rose across the board on sentiments that even though the Federal Reserve will continue to unwind its bond-purchasing program this year, policy will remain loose for some time to come and make higher-yielding currencies more attractive.

Escalating tensions in Ukraine chipped away at the dollar as well.

Pro-Russian activists in Ukraine's industrial center of Donetsk declared their independence from Kiev, a move Ukrainian leaders described as part of a Russian-orchestrated plan to justify an invasion.

U.S. Secretary of State John Kerry said earlier that Russian agents were encouraging unrest in eastern Ukraine and said Moscow was preparing military action in the region.

The dollar was down against the yen, with USD/JPY down 1.35% at 101.70, and down against the Swiss franc, with USD/CHF down 0.50% at 0.8835.

The yen rose against the dollar and most currencies after BoJ Governor Haruhiko Kuroda indicated that the bank was unlikely to implement further stimulus measures at present. He added that growth and inflation were likely to continue to pick up in the coming months despite a sales tax increase in April.

Earlier Tuesday, the BoJ voted to keep its key policy target of increasing base money unchanged at an annual pace of ¥60 trillion to ¥70 trillion after ending its two-day policy meeting.

The greenback was down against the pound, with GBP/USD up 0.83% at 1.6746.

The dollar was down against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.46% at 1.0922, AUD/USD up 0.94% at 0.9357 and NZD/USD up 0.84% at 0.8671.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.62% at 79.84.

On Tuesday, the dollar will move as markets digest the minutes of the Federal Reserve's March policy meeting.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!


08.10 | 0 komentar | Read More

U.S. stocks fall as tech-led selloff extends; Dow down 1.02%

Written By Unknown on Selasa, 08 April 2014 | 08.10

Investing.com - Investing.com - U.S. stocks carried last week's selloff into Monday as investors continued to ditch technology shares on sentiments prices rose too high over the past year's bull market.

At the close of U.S. trading, the Dow 30 ended the session down 1.02%, the S&P 500 fell 1.08%, while the Nasdaq fell 1.16%.

Investors continued to ditch technology stocks for a third consecutive session and jumped to the sidelines to await first-quarter earnings, which brought down broader stock indices.

Weak employment figures released on Friday bruised stocks as well.

The Department of Labor reported Friday that the U.S. economy added 192,000 jobs in March, missing expectations for a 200,000 increase. February's figure was revised up to 197,000 from 175,000, while January's figure rose to 144,000 from 129,000.

The private sector added 192,000 jobs last month, below expectations for a 195,000 rise, while February's figure was revised up to 188,000 jobs added from a previously estimated 162,000 increase.

The report also showed that the U.S. unemployment rate remained unchanged at 6.7% last month compared to expectations for a 6.6% reading.

While the numbers still depict an economy that is improving, the figures were not strong enough to steer investors' attention away from tech stocks.

Still, some tech stocks closed in positive territory after bottom fishers jumped in and snapped up nicely priced shares late in the trading session.

Leading Dow Jones Industrial Average performers included International Business Machines (NYSE:IBM), up 1.42%, Intel Corporation (NASDAQ:INTC), up 1.24%, and Coca-Cola Enterprises Inc (NYSE:CCE), up 1.06%.

The Dow Jones Industrial Average's worst performers included Pfizer Inc (NYSE:PFE), down 2.97%, Goldman Sachs Group Inc (NYSE:GS), down 2.89%, and American Express Company (NYSE:AXP), down 2.87%.

European indices, meanwhile, finished lower.

After the close of European trade, the DJ Euro Stoxx 50 fell 1.34%, France's CAC 40 fell 1.08%, while Germany's DAX fell 1.91%. Meanwhile, in the U.K. the FTSE 100 fell 1.09%.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!


08.10 | 0 komentar | Read More

Dollar edges lower as markets brace for Fed minutes

Investing.com - Investing.com - The dollar traded lower on Monday on concerns that a lukewarm March jobs report will mean dovish comments will arise in the minutes of the Federal Reserve's March policy meeting due for release on Wednesday.

In U.S. trading on Monday, EUR/USD was up 0.27% at 1.3740.

The dollar weakened as markets prepped for Wednesday's minutes of the Fed's March meeting.

On Friday, data revealed that the U.S. economy added 192,000 jobs in March, below expectations for jobs growth of 200,000.

The U.S. unemployment rate remained unchanged at 6.7%, compared to expectations for a downtick to 6.6%.

The numbers sparked expectations that even though the Federal Reserve will continue to dismantle its monthly bond-buying program, the pace at which it closes the program remains up in the air.

Fed asset purchases, which currently stand at $55 billion a month, aim to drive recovery by suppressing long-term borrowing costs, weakening the dollar as a side effect.

The euro, meanwhile, received a shot in the arm after ECB policymaker Yves Mersch said earlier that while monetary authorities are working on plans to purchase assets to steer the euro zone away from deflationary purchases, such a program is not required yet, while Governing Council member Ewald Nowotny made similar comments.

Separately, Bundesbank President Jens Weidmann said that monetary policy cannot solve the financial crisis, and urged euro zone political leaders to enact fiscal and other reforms.

The comments came after ECB President Mario Draghi said last week that unconventional monetary policy instruments may be necessary to avert the risk of ongoing low inflation becoming entrenched in the euro zone.

The dollar was down against the yen, with USD/JPY down 0.16% at 103.11, and down against the Swiss franc, with USD/CHF down 0.40% at 0.8880.

The greenback was down against the pound, with GBP/USD down 0.20% at 1.6608.

The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.09% at 1.0970, AUD/USD down 0.24% at 0.9270 and NZD/USD up 0.10% at 0.8608.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.26% at 80.35.

Investing.com
Investing.com offers an extensive set of professional tools for the financial markets.
Read more News on Investing.com and download the new Investing.com Stocks & Forex App for Android!


08.10 | 0 komentar | Read More

US singer-songwriter Aloe Blacc tops UK music chart

Written By Unknown on Senin, 07 April 2014 | 08.10

LONDON (Reuters) - U.S. singer-songwriter Aloe Blacc claimed his first solo UK number one on Sunday when his track "The Man" topped the British singles chart, the Official Charts Company said.

The track by 35-year-old Blacc, whose real name is Egbert Nathaniel Dawkins III, pays homage to the chorus melody of Elton John's first UK top 10 single "Your Song".

Blacc made his UK charts debut in 2011 with "I Need Dollar", which peaked at number two, and last summer provided guest vocals for Avicii's chart-topping track "Wake Me Up", the Official Charts Company said.

John Legend's "All Of Me" climbed three places to take the number two spot, while Duke Dumont's "I Got U" featuring Jax Jones was down one in third place.

In the album chart, the Kaiser Chiefs went straight in at number one with their fifth album "Education, Education, Education & War", knocking winner of reality show The X Factor Sam Bailey's "The Power Of Love" into second place.

George Michael's former number one album "Symphonica" slipped one place to number three, the Official Charts Company said.

(Reporting by Kylie MacLellan; Editing by Gareth Jones)


08.10 | 0 komentar | Read More

Federer fires Swiss to Davis Cup win, Italy edge Britain

REUTERS - Roger Federer sealed Switzerland's place in the Davis Cup semi-finals when he completed a comeback win over Kazakhstan on Sunday but Britain's last-four hopes were trampled into Italian clay in Naples.

France are also in the last four despite looking dead and buried on Friday when they lost the opening two singles matches against a weakened Germany line-up.

Jo Wilfried-Tsonga earned France a 3-2 victory in Nancy, winning the decisive singles rubber against Tobias Kamke to set up a semi-final against holders Czech Republic who breezed past Japan in Tokyo.

Federer, winner of a record 17 grand slam singles crowns, has never won the Davis Cup but has targeted it this year alongside team mate Stanislas Wawrinka.

Australian Open winner Wawrinka, who struggled badly for most of the tie, finally found some form to beat Mikhail Kukushkin 6-7(4) 6-4 6-4 6-4 to level the tie at 2-2 on Sunday before Federer swept past Andrey Golubev 7-6(0) 6-2 6-3 in front of a partisan crowd in Geneva.

Britain began on Sunday with a 2-1 lead against Italy, needing just one of Sunday's two singles to reach the last four for the first time since 1981.

However, Wimbledon champion Andy Murray proved no match for a fired-up Fabio Fognini who won 6-3 6-3 6-4 before Andreas Seppi overcame some early nerves to outclass James Ward 6-4 6-3 6-4 and put Italy in the semis for the first time since 1998.

"We have waited for a long time to go into the semi-finals," Italy captain Corrado Barazzutti said.

"We are very satisfied for that. This is really a great victory. We started the day with two difficult matches. My players played two great matches. It's difficult to believe that we won six sets."

(Reporting by Martyn Herman; editing by Toby Davis)


08.10 | 0 komentar | Read More

Rain likely in Northwest India during the next 24 to 48 hours

Written By Unknown on Minggu, 06 April 2014 | 08.10

A fresh Western Disturbance that lies over north Pakistan along with its associated cyclonic circulation over central Pakistan and adjoining parts of Punjab, will move eastwards to arrive over Northwest India possibly tomorrow, post noon. According to the latest weather update by Skymet Meteorology Division in India, these systems will cause rain in northwest plains as well as in the hills during the next 24 to 48 hours. The areas that are expected to receive showers are parts of Punjab, Rajasthan, Haryana, west Uttar Pradesh, Jammu & Kashmir, Himachal Pradesh and Uttarakhand.

Due to rain and clouds, temperatures in northern parts of northwest plains will continue to remain below normal during the next 48 hours. According to this weather update, Jammu, Amritsar, Ludhiana and Chandigarh recorded below normal maximums on Friday and it is expected that the day temperature will not cross the 30 degrees mark in this period. Meanwhile, southern parts, where day temperatures could shoot up beyond above normal on Saturday and Sunday, will get a reprieve as temperatures will fall on Monday due to clouds and rain.

Weather in Central and South India will again be very hot as temperatures will be in latter thirties and early forties over Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu. According to the latest weather update, a wind discontinuity extending from Odisha to Karnataka across Chhattisgarh and Maharashtra will bring some clouds and rain but it will not bring the temperatures down as most of the activities would take places post noon.

Rain is likely to continue in east India over sub-Himalayan West Bengal and Sikkim in East India and Assam, Arunachal Pradesh and Meghalaya during the next 48 hours. The remnants of a passing Western Disturbance will be working with a trough that extends from northeast region to the Bay of Bengal to perpetuate rainfall in these areas.

By: Skymetweather.com


08.10 | 0 komentar | Read More

Dependency on private healthcare in India- a boon or a bane

During political debates in print and television media we often come across hue and cry raised over corruption and development but healthcare is something that is constantly missing or simply ignored.

In a country where weather related diseases, rising air pollution, availability of safe drinking water and sanitation are an issue, more than 5 million children of less than 5 years of age die every year. Another half a million die within a month after coming into this world. According to estimates by UNICEF less than 45 per cent of the India's population has access to safe drinking water.

Recently Nobel laureate Amartya Sen, while addressing the 11th Kolkata Group workshop, organised by Pratichi (India) Trust, Harvard Global Equity Initiative and UNICEF India, said that India`s health sector is in a dismal condition. He also cautioned against over-reliance on the private health sector in a country where basic health services are minimal. He believes that this situation is causing exploitation of vulnerable and under-privileged patients.

More so because health care is not supported by economic growth but it is vice versa and India has been following commercial principles in this sector very strictly. Health experts, policy makers and activists believe that private healthcare should exist but not at the cost of public healthcare. For the matter of fact, no country around the globe could bring a drastic health care transition without the help of its government.

The need of the hour seems to be financial allocations which are inadequate at present. Primary health care should also be integrated with specialised services for substantial reforms. India could very well take inspiration from developed nations as well as other Asian countries like Thailand, China and Bangladesh.

Indian health sector vs the world

Unlike in developed countries (with an exception of United States of America), India's healthcare sector is dominated by private players with a ratio of 80:20 in favour of the later. The industry is expected to be around 170 billion dollars in another 5-6 years. India spends only 4.1 per cent of the GDP on healthcare while 9.1 per cent is the worldwide average. Considering this void, there is a lot of potential for healthcare spending in India and with summer speedily approaching, we hope the new government pays heed to issue.

picture courtesy- New Zealand Medical Student`s Association

By: Skymetweather.com


08.10 | 0 komentar | Read More
techieblogger.com Techie Blogger Techie Blogger