IMA opposes draft National Medical Commission bill

Agencies
December 17, 2017

The IMA has strongly opposed the draft Bill that seeks to replace the Medical Council of India with a new body, claiming it will cripple the medical profession.

The draft National Medical Commission bill was yesterday approved by the Cabinet.

It provides for the constitution of four autonomous boards entrusted with conducting undergraduate and postgraduate education, assessment and accreditation of medical institutions and registration of practitioners under the National Medical Commission.

Indian Medical Association president Dr K K Agarwal appealed to the prime minister to revise the draft bill in the larger interest of the medical profession.

According to the IMA, the NMC will "cripple" the functioning of the medical profession by making it completely answerable to the bureaucracy and non-medical administrators.

"Regulators need to have autonomy and be independent of the administrators. The National Medical Commission will be a regulator appointed by the administrators under their direct control," Aggarwal said.

It abolishes the Medical Council of India and "possibly" the section 15 of IMC Act, which says that the basic qualification to practise modern medicine is MBBS, he claimed.

"It takes away the voting right of every doctor in India to elect their medical council. Medical Council of India is a representative body of the medical profession in India. Any registered medical practitioner in the country can contest the election and every qualified doctor can vote.

"Abolishing a democratic institution and replacing it by a body in which majority are nominated by the government is certainly a retrograde step," Aggarwal said.

He further said that the draft Bill in its current form allows the private medical colleges to charge at will, nullifying whatever solace the NEET brought.

The government can fix the fee for only 40 per cent of the seats in private medical colleges, Aggarwal said.

Also, it inducts non-medical people into the highest body of medical governance changing its perspective and character forever and introduces schedule IV to allow AYUSH graduates to get registration in modern medicine.

"IMA appeals to the prime minister to recall the Bill and rectify these anomalies. Parliament has a larger role to protect the interest of the medical profession of the country," he said.

According to the draft bill, the commission will have government nominated chairman and members, and the board members will be selected by a search committee under the Cabinet Secretary.

There will five elected and 12 ex-officio members in the commission.

The draft bill also proposes a common entrance exam and licentiate exam which all medical graduates will have to clear to get practising licences, the official said.

As per the provisions of the draft bill, no permission would be needed to add new seats or to start postgraduate courses. PTI PLB DIP

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News Network
March 5,2020

New Delhi, Mar 5: Retirement fund body EPFO on Thursday lowered interest rate on provident fund deposits to 8.5 per cent for the current financial year, said Labour Minister Santosh Gangwar on Thursday.

The EPFO had provided 8.65 per cent rate of interest on EPF for 2018-19 to its around six crore subscribers. The decision was taken at a meeting of the the Employees' Provident Fund Organisation's (EPFO) apex decision making body -- the Central Board of Trustee.

"The EPFO has decided to provide 8.5 per cent interest rate on EPF deposits for 2019-20 in the Central Board of Trustees (CBT) meeting today," Gangwar told reporters after the meeting here.

Now, the labour ministry requires the finance ministry's concurrence on the matter. Since the Government of India is the guarantor, the finance ministry has to vet the proposal for EPF interest rate to avoid any liability on account of shortfall in the EPFO income for a fiscal.

The finance ministry has been nudging the labour ministry for aligning the EPF interest rate with other small saving schemes run by the government like the public provident fund and post office saving schemes.

The EPFO had provided 8.65 per cent rate of interest to its subscribers for 2016-17 and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16.

It had given 8.75 per cent rate of interest in 2013-14 as well as 2014-15, higher than 8.5 per cent for 2012-13.

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News Network
July 1,2020

Jul 1: Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal.

Local gold futures hit an all-time high of Rs 48,871 ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

However, this dampened the retail demand for gold in India, the world's second-largest consumer of the precious metal.

"Retail demand is negligible. Buyers are postponing purchases anticipating a correction in prices," said a Mumbai-based bank dealer with a bullion importing bank.

In thin trade, dealers were offering a discount of up to $22 an ounce over official domestic prices on Wednesday afternoon, up from the last week's $18. The domestic price includes a 12.5% import tax and 3% sales tax.

The country's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus.

In overseas market, spot gold firmed near an eight-year peak on Wednesday, as a spike in coronavirus cases in the United and States and many other countries has cast a shadow on hopes for a quicker global economic recovery, driving inflows into safe-haven assets.

According to a latest Reuters tally, the coronavirus has infected more than 10.48 million people worldwide so far.

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News Network
March 4,2020

Mar 4: Twenty-one Italian tourists and three Indian tour operators have been sent to an ITBP quarantine facility in Delhi on Tuesday for suspected coronavirus exposure, official sources said.

Health Ministry sources said these foreigners, 13 women and eight men, were in the same group of which an Italian and his wife have tested positive in Rajasthan capital Jaipur.

“His (Italian in Jaipur) condition is stable,” a source said.

Three Indians, who were accompanying this Italian group as tour operators, have also been sent to the ITBP facility in Chhawla area of south-west Delhi, they said.

All these people, staying at a five-star hotel in south Delhi, have been put in “preventive isolation” at the ITBP camp and their samples will be taken on Wednesday, sources said.

The centre already has 112 people, 76 Indians and 36 foreigners, since February 27 after they were evacuated by an IAF plane from Wuhan in China, the epicentre of the coronavirus.

The first samples of these 112 people had tested negative when reports came in last week.

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