Patients bear brunt as doctors continue stir in WB

Agencies
June 16, 2019

Kolkata, Jun 16: Patients have been facing the heat of junior doctors' protest in West Bengal as services remained affected in state-run hospitals and colleges for the sixth day on Sunday.

At SSKM hospital in Kolkata, Raiganj-resident Samuel Haque, who was admitted with a cardiac problem, said he was uncertain about his treatment.

His brother said, "We came to Kolkata last Sunday when everything was normal and the outpatient department was functioning. We admitted him on an emergency basis, with doctors giving date on Tuesday for check-up, following which the date of surgery was to be decided."

But now no doctor is attending to Haque, he said.

Senior doctors say they don't have enough hands to conduct tests, he said.

"His condition is deteriorating. We cannot take him home because it is very difficult for my brother to travel long distance in trains. We will wait till Monday."

Services in emergency wards, outdoor facilities and pathological units of many hospitals have been hit. The doctor's strike began after two of their colleagues were assaulted at the NRS Medical College and Hospital by family members of a patient, who died on Monday night.

They demand adequate security.

Hundreds of doctors have resigned en masse in support of their colleagues. Chief Minister Mamata Banerjee has urged the junior doctors to return to work and said her government had accepted their demands.

But the doctors have demanded a dialogue with the government before ending their stir.

The strike has caused immense trouble for patients.

Joydeb Roy, a resident of Barishat in North 24 Parganas district, was admitted to R G Kar hospital in Kolkata with an injured leg.

A relative said he was referred to a government hospital, where he had to undergo surgery to place a metallic plate in his leg on an emergency-basis. He is waiting for the surgery.

"The senior doctors are saying they need help of junior doctors to conduct the surgery. My husband is lying in the department (ward) waiting for treatment," Roy's wife said.

Junior doctors are the mainstay of any state-run college-hospital.

Mokhtar Hussain's family members are planning to return home in Basirhat. They have been waiting for two days at the Calcutta National Medical College and Hospital for treatment to resume for Hussain, a cancer patient.

"I am suffering from high fever for seven days. I cannot bear the pain. But there is no doctor to carry out check-up. The OPD has been shut for two days and I cannot go anywhere else as things are the same there as well. I don't know what to do. I cannot spend this much money to stay here in Kolkata. I will go back home," he said.

Family members of the four-year-old Romita Dhar, a thalassaemia patient, too face a similar dilemma.

When Dhar's family took her to Chittaranjan National Medical College and Hospital for check-up on Friday, they were told to come on Saturday.

"It is very difficult to travel with a child who is suffering from thalassaemia. I'll again come next week," her mother Arundhaty Roy said.

The patients admitted in government hospitals are also facing problems with pathological units not functioning as usual.

"We don't have much money to afford treatment at private hospitals. I appeal to the chief minister to find a solution to this problem.

"Why cannot our chief minister come for a meeting with the doctors... They (junior doctors) have been saying they will end the stir if she comes to the NRS hospital for a meeting," mother of Bastab Dasgupta, who suffers from neurological problem and is admitted at NRS Medical College and Hospital, said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
May 12,2020

New Delhi, May 13: Prime Minister Narendra on Tuesday announced Rs 20 lakh crore special economic package for the country to be 'self-reliant' and deal with COVID-19.

"I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan.' The announcements made by the government over COVID, decisions of RBI and today's package totals to Rs 20 lakh crore. This is 10 per cent of India's GDP," said Prime Minister Modi in his address to the nation. The Prime Minister said that humanity would not accept defeat from the coronavirus but the people have to stay safe and move forward.

"We had never seen or heard about such a crisis ever before. This is definitely unimaginable for mankind. It is unprecedented. But humanity will not accept defeat from this virus. We have to not only protect ourselves but also move forward," he said.

Talking about the gravity of the virus, Modi said: "It has been four months the world is fighting COVID-19. More than 42 lakh people from different countries have been infected by COVID-19. More than 2.75 lakh people have lost their lives due to the virus. In India too many families have lost their dear ones, I express my condolences to them."

"Today when the entire world is in crisis, we will have to further firm our resolve," he added.

The Prime Minister on Monday held a video conference meeting with Chief Ministers of all states to discuss the road ahead in India's fight against COVID-19 and noted that he was of the firm view that measures needed during the third phase of lockdown will not be needed in the fourth phase.

Prime Minister Modi had said the need was to reduce the transmission rate of the disease and to increase public activity gradually while adhering to all the guidelines and efforts to be made towards achieving both these objectives.

The phase three of the lockdown is coming to an end on May 17.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.