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PM Modi Says Public Health Spending To Increase To 2.5 Percent Of GDP

Thursday, December 13, 2018, 10:30 AM

India is set to increase its public health spending to 2.5% of its GDP by 2025, PM Narendra Modi said, asserting that women, children and the youth will continue to remain at the heart of every policy, programme and initiative of the government. The Pradhan Mantri Jan Arogya Yojana provides cashless health insurance cover up to Rs.5L/family per year, covering 500-million poor citizens.
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Nearly half of corporate CFOs are expecting a US recession by the end of 2019

Thursday, December 13, 2018, 8:54 AM

Chief financial officers at companies are pessimistic heading into 2019, with nearly half expecting a recession by the end of that year, according to a survey released. Duke University's look at where 212 CFOs stand showed that 48.6% think the next negative growth period is less than 12 months away. The results come amid best-year for GDP growth since the recovery began in mid-2009.
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Opinion | Sovereign rating is not just about finance

Wednesday, December 5, 2018, 8:21 AM

A sovereign rating exercise is not just about assessing a country's financial soundness. Non-economic fundamentals are equally important in determining a sovereign rating. It's the combination of the country's institutional and economic profile that is relevant for achieving a superior rating. Rating agencies conduct analysis on non fiscal aspects such as effectiveness of policy making and strength, and stability of its civil institutions.

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