Cost of Democracy in India and The Support Price
April 7, 2021
The current situation of the Indian economy and gigantic mismatch of fiscal decisions in contrast to the apex bank portrays a similar situation and are thus costing efficiency and seeping sluggishness.
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With new InsurTech players in the market like Acko, Digit and PolicyBazaar disrupting the insurance industry, traditional insurers must prioritize digital transformation to keep pace.
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In sum, revenue contraction, expenditure-side stimulus measures, and low denominator GDP – these three factors have collectively contributed to the high fiscal deficit in 2020-21 RE.
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Excluding half of the world’s population (World Bank, 2019) from equal opportunities not only violates a fundamental human right but is a form of widespread injustice.
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The IPR waiver would allow all countries to choose to neither grant nor enforce patents and other IPRs related to COVID-19 drugs, vaccines, diagnostics and other technologies for the duration of the pandemic until global herd immunity is achieved. This move harkens back 20 years to the HIV/AIDS epidemic, when affordable generic HIV drugs, made in countries where patents did not block production, began saving millions of people’s lives.
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As our country is at crossroads today, more than the pandemic it is an unequal socio-economic structure which has accelerated the problems of the pandemic
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Democracies need to evolve both to cater to the needs of citizens and meet demands of the new generations. In this regard, India has been debating over the issue of Proportional Representation (PR) versus First – Past – The – Post (FPTP) for decades.
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Though I am sceptic regarding the path of recovery, whether it would be V, W or K-shaped, but if this way of dealing the situation continues, my vote goes for the letter O
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‘basic’ should be interpreted as those significant cognitive and psycho-social skills that are necessary to interact with and interpret the world.
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The challenge in India is to deliver a high volume of quality medical services at affordable low costs requiring breakthrough in healthcare delivery.
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