Pvt. sector role in medicare stressed

A major industry initiative to explore and identify areas for investment in the medical sector in the coming years got underway at the first Health Summit yesterday, with three chief ministers and a governor expressing their candid views on the urgent need to improve medicare facilities in the country. Claimed to be the first such venture by the organisers, the Confederation of Indian Industry (CII), northern region and the Escorts Heart Research Foundation, the three-day summit is expected to give a fillip to private industries to start medicare in a big way.

Go global, entrepreneurs told

Only those who go in for global-scale operations will survive in the present liberalised environment, according to Mr P Chidambaram, MP. In his valedictory address (at a) convention…organised by the Bangalore Management Association today, he said…an effective manager was one who faced competition and stayed ahead of it. The paradigm that the government could lead the economy in growth, prosperity and development was no longer valid and it should be questioned.

ONGC to sell 10 p.c. equity abroad

The Government is proposing to offload 10 per cent of its stake in the Oil and Natural Gas Corporation Ltd in the international market. If this happens, it will be the first time that a public sector company will be directly disinvesting abroad. Another 10 per cent will be disinvested in India. This is being resorted to fulfil the conditionality imposed by the Asian Development Bank (ADB) for granting the $250 million loan for development of the hydrocarbon sector.

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