August 7, 2024
Special Employment Guarantee Scheme
Context– The Ministry of Rural Development has implemented a range of strategies aimed at enhancing the economic well-being of rural populations. About Special Employment Guarantee Scheme (SEGS) Need of this Special Employment Guarantee Scheme Special Employment Guarantee Schemes (SEGS) are created to tackle specific employment issues experienced by different groups in society. These issues may include high unemployment rates, underemployment, or obstacles faced by marginalized communities in accessing job opportunities. Government Schemes/ Programme Indian Govt. and It’s all ministries implementing a number of targeted programmes/ schemes aiming to enhance the standard of living in rural areas by creating employment and livelihood opportunities. MNREGA (Mahatma Gandhi National Rural Employment Guarantee Act.) Deen Dayal Upadhyaya Grameen Kausal Yojna (DDU-GKY) and Rural Self Employment Training Institutes (RSETI), which focus on improving employability through wage or self-employment, particularly for SCs/STs/OBCs/Minority communities. These initiatives contribute to the economic and social development of rural youth. The Ministry of Social Justice and Empowerment’s Pradhan Mantri Dakshta Aur Kushalta Sampan Hitgrahi (PM-DAKSH) Yojana, aims to enhance skills among marginalized youth, including SCs, OBCs, De-notified Tribes, and Economically Backward Classes. The program offers both long-term and short-term training to boost skill levels and facilitate wage or self-employment, promoting empowerment and economic development. The Ministry of Skill Development and Entrepreneurship’s PMKVY offers skill training to youth, including SC/ST and economically weaker sections, through Short Term Training (STT) and Recognition of Prior Learning (RPL). The Ministry of Micro, Small & Medium Enterprises’ PMEGP provides credit-linked subsidies to foster self-employment by supporting micro-enterprises and aiding traditional artisans and unemployed youth. Conclusion–
A Rising Power in Cost-Effective Healthcare and Global Pharma Leadership
16th edition of Global MedTech Summit 2024 organized by Confederation of Indian Industry (CII) on August 6th, 2024, in Delhi. Focus points of Global MedTech Summit-2024 The Global MedTech Summit 2024 is a prominent international conference focused on the medical technology (MedTech) industry. The summit aims to explore and discuss the latest trends, innovations, and advancements in medical technology, including emerging technologies, digital health, and new medical devices. It provides a platform for professionals from the MedTech industry, including manufacturers, researchers, healthcare providers, and policymakers, to network and collaborate. Discussions often cover global regulatory standards, compliance issues, and how different regions adapt to new MedTech developments. The summit may also highlight investment opportunities in the MedTech sector, showcasing new startups and innovations seeking funding. India’s healthcare achievements Transformation in healthcare brought about the recent times- India’s emergence as a world-class, cost-effective healthcare destination and a global pharmaceutical leader can be understood through several key factors and trends: Cost-Effective Healthcare provider India is among the top 6 Bio-manufacturers of the world and one of the most cost-effective and efficacy-based Bio-manufacturing as well as cost-effective healthcare destinations. BIRAC-Biotechnology Industry Research Assistance Council as one platform for industry linkage and research. India provides high-quality medical services at a significantly lower cost compared to Western countries. This is due to lower operational costs, including salaries for medical professionals, which makes treatments and surgeries more affordable. The combination of quality and affordability has made India a hub for medical tourism. Patients from around the world visit India for various medical treatments, including complex surgeries, cosmetic procedures, and specialized care. Leader as Global Pharmaceutical India is one of the world’s largest producers of generic drugs, which are more affordable alternatives to branded medications. Indian pharmaceutical companies have established a strong presence in international markets by providing cost-effective, high-quality generic drug. India exports a significant portion of its pharmaceutical products to countries across the globe. The country’s pharmaceutical exports include both generic drugs and active pharmaceutical ingredients (APIs). Indian pharmaceutical companies comply with stringent international regulations and standards, including those of the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA). This ensures the quality and safety of the drugs produced and sold internationally. Many Indian pharmaceutical companies engage in global collaborations and partnerships for research, which enhances their ability to innovate and develop cutting-edge treatments. Indian pharmaceutical products are subject to rigorous quality control measures and are often manufactured in facilities that meet international Good Manufacturing Practice (GMP) standards. Government initiatives for Healthcare sector- The Indian government supports the healthcare and pharmaceutical sectors through various policies and initiatives, including investments in healthcare infrastructure, incentives for research and development, and support for medical tourism. Healthcare Vision :- Govt. aims for a healthy India by eliminating communicable diseases, preventing non-communicable diseases, improving health indices and commitment to accessible. This reaffirms the Govt firmly believes that accessible healthcare is a right of every citizen. Preventive healthcare is a national priority to achieve the vision India @ 2047. Preventive Healthcare:- Govt. Emphasis on addressing metabolic disorders and age-related morbidities like Type 2 Diabetes and heart disease, which pose significant challenges to the nation’s health and productivity. Space and Bio-technology Success – Success in the space and biotechnology sectors exemplifies integrated partnership. India opened the space sector led to over Rs 1,000 crore in private investment and a rise in start-ups from 1 in 2022 to over 200, some with global potential. Department of Biotechnology for its role in advancing translational health sciences, with bio-manufacturing and bio-foundry growing from $10 billion in 2014 to $130 billion in 2024. Medical Devices The medical devices sector is seen as a key growth area, with efforts underway to make India a manufacturing hub. This includes creating benchmarks and action plans. Technology Integration Technology plays a crucial role in ensuring equitable access to healthcare. Technology is revolutionizing the healthcare sector. Conclusion- India’s emergence as a world-class, cost-effective healthcare destination and a global pharmaceutical leader is marked by its significant advancements and strategic growth. The country’s ability to deliver high-quality medical services at lower costs has attracted international attention, while its pharmaceutical sector has become a major player on the global stage, known for its innovation and large-scale production capabilities. This dual success not only enhances India’s reputation as a hub for affordable and advanced healthcare solutions but also solidifies its position as a pivotal contributor to global health and pharmaceutical markets.
32nd International Conference of Agricultural Economists Inaugurated by PM”
GS-PAPER- III/ Economy THE INTERNATIONAL ASSOCIATION OF AGRICULTURAL ECONOMISTS (IAAE) The IAAE is a worldwide professional membership association of agricultural economists, whose mission is to promote the common business interests of economists having as a major focus of their work the study of the economics of agriculture. IAAE is a growing network of agricultural economics professionals and practitioners from around the world. 32nd International Conference of Agricultural Economists (ICAE 2024) The 32nd International Conference of Agricultural Economists (ICAE), from 2-7 August 2024 in New Delhi, India. After the previous ICAE in 2021 had to be held virtually due to the COVID pandemic. Main point about ICAE 2024- About International Conference of Agricultural Economists Key highlights of the International Conference of Agricultural Economists Prime Minister’s Address Significance of International Conference of Agricultural Economists- India’s Achievements in the field of Agriculture: Agricultural production: Technological integration: Focus on Nutrition and Sustainability: India’s Global Welfare Commitment: Conclusion- The International Conference of Agricultural Economists in India was pivotal for advancing agricultural dialogue and cooperation. It showcased India’s use of its agricultural diversity and technology to address global food security and sustainability. The event facilitated valuable exchanges among experts, researchers, and policymakers, promoting collaborative efforts to enhance agricultural practices and policies. Source- PIB
