Pune hospital to treat acid, burn victims for free

January 2, 2015

Pune, Jan 2: A hospital here founded by the doctor-son of a daily labourer and which celebrates the birth of every girl child will now set up a one-of-a-kind burns centre that will treat all women victims of acid attacks or burns free of charge.

acid-attack

"Women who are targets of acid attacks or dowry and torture burns shall be given completely free treatment at this centre. However, if there are male victims, they will be charged as usual," Ganesh Rakh, doctor and founder-owner of Medicare Hospital of Hadapsar, a suburb of Pune, said.

The idea came to Rakh a couple of months ago when a 22-year-old newly-married woman became a victim of dowry harassment. She was allegedly set ablaze by her in-laws and was brought to his hospital

"We don't have the specialised treatment for such cases and the sole private hospital in Pune quoted Rs.30,000 per day for treatment for an indefinite period," Rakh said.

When he informed the woman's family, they said if they had that kind of money, they would have agreed to the dowry demands and their daughter would have escaped her current fate.

Rakh was moved by the woman's plight and decided to do something about it.

After consultations with colleagues and experts, he decided to set up a burns centre that offers free treatment to women victims from any part of the country.

Rakh's "Save the Girl Child" campaign, launched Jan 3, 2012, has already earned him a huge fan following as it celebrates its third anniversary this Saturday.

In the past three years, the 50-bed maternity hospital has conducted 314 free deliveries of female infants, natural or through Caesarian section.

In August 2014, Rakh took another step of opening a 15-bed Neonatal Intensive Care Unit (NICU) at a cost of Rs.2 million.

The unit offers free treatment and care to all premature female newborns till they are fit to go home.

"In our modest way, we have tackled the issue of female births, taking care of them and now we shall pay attention to their future," Rakh said, explaining the philosophy behind the burns centre.

He plans to use the excess income from the maternity hospital (where male child birth is charged normal rates) and the NICU (ditto for male child) in the burns centre.

"It will be the most modern centre of its kind in India and will cost around Rs.10 million. I have sought a bank loan, but in case there are delays, a private firm has assured us all the required equipment on a hire-purchase basis," Rakh said.

The facility will be inaugurated in April, he said.

Rakh said that even 68 years after independence, many girls become victims of acid attacks, are slashed by blades, and married women are burnt for not meeting dowry demands.

"Anything happens to them and they are disfigured and shattered for life. The tragedy is that a vast majority are unable to afford the expensive treatment. There are government hospitals, but the facilities there are basic and mostly intended to save the victim's life.

"But what about preparing the victim to face society and living a normal life again, as nobody looks at them, socialises or employs them and all avoid them," he said.

The burns centre will have a care department, a sophisticated operation theatre, a burns ICU, plus plastic surgery and other post-operative requirements.

"It will be a one-stop burns centre. The victims who come here will step out with a new look to face life confidently," Rakh assured.

Given the financial constraints, at least a dozen plastic surgeons and burns care specialists from Pune and other parts of Maharashtra have already committed to offer free services to patients.

Quoting current figures, Rakh said a victim with just 40 percent burns would need to spend a minimum of Rs.1.5-2.5 million for complete treatment -- which will be done for free at the Medicare Burns Centre.

He said the hospital will also arrange for the lodging of the victim's relatives so that they are not compelled to live in miserable conditions outside.

When he started the hospital in 2007, after begging for loans from friends and relatives, most people ridiculed his plans.

"If you don't charge for female child's deliveries, how will you repay your Rs.1 crore loan?" aghast lenders demanded.

The son of a daily labourer Adinath (now 68 years old), and domestic worker Sindu (now 61), Rakh who qualified as a doctor in 2001, set up a roaring private practice, simultaneously completed his gynaecology specialisation and went ahead with his pet plans from day one.

Hailing from a very poor family in Solapur, his parents migrated to Pune in search of work. As Rakh was good in academics, he secured scholarships in school and college till his medical degree. "It's now my turn to repay society," Rakh said.

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News Network
July 9,2020

U.S. electric vehicle maker Tesla Inc is "very close" to achieving level 5 autonomous driving technology, Chief Executive Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input.

"I'm extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly," Musk said in remarks made via a video message at the opening of Shanghai's annual World Artificial Intelligence Conference (WAIC).

"I remain confident that we will have the basic functionality for level 5 autonomy complete this year."

Automakers and tech companies including Alphabet Inc Waymo and Uber Technologies are investing billions in the autonomous driving industry.

However industry insiders have said it would take time for the technology to get ready and public to trust autonomous vehicles fully.

The California-based automaker currently builds cars with an Autopilot driver-assistance system.

Tesla is also developing new heat-projection or cooling systems to enable more advanced computers in cars, Musk said.

Industry data showed Tesla sold nearly 15,000 China-made Model 3 sedans last month.

Tesla has become the highest-valued automaker as its shares surged to record highs and its market capitalisation overtook that of former front-runner Toyota Motors Corp.

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Agencies
March 10,2020

New Delhi, Mar 10: Crisis-hit Yes Bank on Tuesday said that it has enabled inward IMPS and NEFT services.

The move allows people to send money from other bank accounts to their Yes Bank account through IMPS (Immediate Payment Service) and NEFT (National Electronic Funds Transfer) mode.

In a tweet, the bank also said that Yes Bank customers can pay their credit card dues and loan obligations from other bank accounts.

"Inward IMPS/NEFT services have now been enabled. You can make payments towards YES BANK Credit Card dues and loan obligations from other bank accounts. Thank you for your co-operation. @RBIA @FinMinIndia," said tweet.

Last week Yes Bank was placed under moratorium and a withdrawal cap of Rs 50,000 was imposed till April 3.

The administrator of Yes Bank, Prashant Kumar and Rajnish Kumar, the Chairman of the State Bank of India are hopeful that moratorium would be lifted within a week.

As per the Reserve Bank of India (RBI) draft reconstruction scheme for the crisis-hit private lender, the SBI will take up 49 per cent in the bank by investing Rs 2,450 crore.

The new board of directors will stand constituted from the appointed date. It will comprise a CEO and MD, non-executive chairman and non-executive directors. The SBI will have nominee directors appointed on the board of the reconstructed bank.

The RBI may appoint additional directors to the board, who shall continue in office for one year, or until an alternate board is constituted by Yes Bank.

The SBI will not reduce its holding below 26 per cent before completion of three years from the date of infusion of the capital.

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Agencies
July 6,2020

The Covid-19 pandemic has made an unprecedented impact on the Indian businesses, particularly small and medium enterprises (SMEs) and startups. According to a joint survey by FICCI and Indian Angel Network (IAN), the pandemic has hit the businesses of around 70% startups.

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, it says.

In a nationwide survey on the 'Impact of Covid-19 on Indian Startups' involving 250 startups, 70% participants said their businesses had been impacted by Covid-19 and around 12% had shut operations.

The survey shows only 22% startups have cash reserves to meet the fixed cost expenses over the next 3-6 months, and 68% are reducing operational and administrative expenses.

Around 30% of the companies said they would retrench employees if the lockdown was extended too long. The 43% startups have already started 20-40% salary cuts over April-June.

Over 33% startups said investors had put the investment decision on hold and 10% said the deals had been scrapped. Only 8% startups had received funds as per the deals signed before Covid-19 outbreak, the survey revealed.

The reduced funding has forced startups to put a hold on business development and manufacturing activities, which has resulted in loss of projected orders.

The survey highlights the need of an urgent relief package for startups, including possible purchase orders from the government, tax relief and swifter tax refunds, and immediate fiscal support measures, including grants, soft loans and payroll grants.

Besides 250 startups, 61 incubators and investors also participated in the survey.

While 96% of investors accepted that their investments in startups had been impacted by Covid-19, 92% said their investments in startups would continue to be low over the next six months.

Around 59% investors said they would prefer to work with the existing portfolio firms in the coming months. Only 41% said they would consider new deals.

"A comparison of priority investment sectors before and during Covid-19 shows 35% investors are now looking at investments in healthcare startups, followed by EdTech, AI/Deep Tech, FinTech and Agri," said the survey.

Around 44% incubators surveyed said their day-to-day operations had been considerably hit by Covid-19. Most incubators are now supporting their portfolio firms by providing them virtual platforms to interact with mentors, investors and industries.

Dilip Chenoy, FICCI Secretary General, said, "The startup sector is stressed for survival at the moment. The investment sentiment is also subdued and is expected to remain so in the coming months. Lack of working capital and cash flows may lead to major layoffs over the next 3-6 months."

Indian startups needed an enabling ecosystem and flow of funds to continue operations, the survey said.

Padmaja Ruparel, President, Indian Angel Network & Co-Chair of FICCI Startup Committee, said, "In these uncertain times, as investors, we must play an important role to provide the Indian startups funding, mentoring and hand-holding support to stay afloat and come out at the other end of this crisis."

To that end, IAN recently announced a debt fund to help IAN portfolio companies raise working capital and ensure business continuity by partnering with debt providers.

This must be replicated on a wider scale, so a larger number of startups are provided the capital support to make it during these tough times, Ruparel said.

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