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INDUSTRIAL ECONOMIST
Cover

Healthcare: Chennai emerging the health care hub of India. Over 7000 heart surgeries are performed in Chennai every year, the highest for any city in India.
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Sankara Netralaya: Chennai is surely the eyecare capital!
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Frontier Lifeline Medivillage: India’s first healthcare SEZ.
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Tackling chronic kidney disease: Treatment of kidney-related diseases involve painful surgery, regular dialysis, trans- plant, lifelong medication.
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Interview: It will take time to provide health for all - Dr Shah Nawaz Khan
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SRH & SRU are true mouments to the uncommon deeds of a common man.
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Stanley Medical College & Hospital: The hospital that gave birth to such specialists!
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Inklings

Welcome focus on
medical research:
Mercifully not all sectors are affected by the economic slow down. Education, healthcare and the food sectors belong to this category.
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Editor's Notes

It is the fortieth year of the founding of the Madras Press Club. It is a matter of satisfaction that it has survived long and could move into a new, more solid premises of its own.
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Banking - Analysis

Andamans make a mark on the banking map: The Reserve Bank of India held the first ever meeting of its Central Board of Directors at Port Blair in 2006.
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Management

Profit with honour: At the entrance to a defence services building are inscribed the words ‘ service with honour.’
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Report

BHEL - Ranipet: Boom in the power equipment sector is best exemplified by the leader BHEL.
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Comment

G-20 Summit: The London Summit decided on a set of measures including the trebling of IMF’s resources to 750 billion dollars to assist countries hit hard by the global crisis.
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Economy

India would need to consolidate its domestic strengths and employ fiscal policy and exchange rate tools to promote better the objective of rebalanced growth.
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Macro Economics

Accounting policy & economics: Micro economic developments at the level of a firm or industry invariably provide signals about the efficacy and appropriateness of the macro economic policy setting.
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Insurance & Annuities: Financial markets volatility can aid selling annuities.
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Markets & Stability: India should produce more financial markets stability.
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Consumer Corner

Adulteration of petroleum products: Government has been hit very hard by an organized mafia indulging in counterfeiting of petroleum, oil lubricant (POL) products.
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Commentary

Mutual Funds: Are fund managers accountable?
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City Corner

Sanmar Group firm achieves financial closure for Egypt project
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Cover Story: Healthcare - Interview - Dr Shah Nawaz Khan


It will take time to provide health for all

IE: Is Chennai evolving as the healthcare capital of India?
Shah Nawaz Khan (SNK): In Chennai quality healthcare is accessible. There are well-trained super-specialties manned by experts in several large hospitals. Even patients from the Gulf and African countries get treated in Chennai.
In the past two decades there has been a large addition of private hospitals. These are equipped with state-of-the-art equipment. Diagnosis and treatment have improved. Both the government and the Medical Council of India have allowed increase in the capacity of medical seats in colleges, both public and private. Yes, the city has credentials to be called the healthcare capital of India.
While the upper strata of society are looked after by the private hospitals, the government has been left to cater to the lower strata. The pressure of taking care of all the sections has eased. This has enabled the penetration of healthcare into rural areas.

IE: Has the entry of corporate hospitals resulted in higher cost of medicare?
SNK: Modern hospitals are equipped with state-of-the-art equipment which are expensive.

IE: While many of these non-invasive equipments are effective, there is the perception of indiscriminate use of these. How will you ensure optimal use of these?
SNK:
I can’t agree that the use of many of these non-invasive techniques is indiscriminate. Precaution necessitates the use of these to detect abnormalities. Current times are such that the doctor can be taken to court because a particular test available was not done. Thus it becomes vital that the doctor adheres to procedures based on such tests.

IE: The health-for-all concept is much talked about. The expenditure on public health has been increasing. Do you notice tangible improvements in public healthcare?
SNK:
Though this concept is much talked about, it has been seen in action mostly in developed countries like the US. It will take more time to implement this in India.

IE: Concepts like wellness and preventive medicare are better understood today. But this is restricted to small sections of the population. How to expand awareness on these?
SNK:
Preventive medicare is a very broad term. It encompasses vaccines, medicine, water, sanitation... Even the very water that you drink should be so pure that you don’t fall sick. This term is well-understood today.

IE: Medical education has increased massively in quantity. There is the perception that the high cost involved limits access to the very few and contributes to dilution of quality and a rush towards a quick payback. Your views on tackling this.
SNK:
I do not agree that the quality has fallen. Whether private or government, education is standardised. Australia has many colleges in just one city but it has not impacted on quality in a negative way.


SRH & SRU are true mouments to the uncommon deeds of a common man. more...

Stanley
Medical College & Hospital: The hospital that gave birth to such specialists! more...


 
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