This is a Students’ blog. It is a platform for us, the Students of School of Health Systems Studies (SHSS) to express our ideas; but please note the word “IDEA”. An idea, a product of human mind...there is no guarantee of it being right but that doesn’t mean that we cannot express it! The blog is not a peer-reviewed journal or a sponsored publication. That does mean something…it means that information here is the product of our brain which is under evolution at SHSS and it is UNPROOFED and UNREVISED.
The opinions expressed by the SHSS Student Bloggers and those providing comments are theirs alone, and do not reflect the opinions of the School of Health Systems Studies or any employee thereof. School of Health Systems Studies and Tata Institute of Social Sciences is not responsible for the accuracy of any of the information supplied by the Student Bloggers.
Saturday, December 28, 2013
Friday, November 29, 2013
Tuesday, October 15, 2013
Though broadly speaking the impact of the new companies bill on sectors like manufacturing, retail, the services sector in general are usually discussed, the ramifications of this law on the healthcare and hospital sector in particular also would be worthy to take look at.
Spending on Corporate Social Responsibility:-
The new companies’ law also stipulate that there must be at least one woman on the board of directors. The healthcare industry in India is also no exception to the “glass ceiling” phenomenon that is seen in other sectors. This is evident from the fact that tough there are a sizeable number of women in the both junior executive positions and clinical roles; the number becomes a handful when it comes to the CXO and directorial positions. At least till a point where this virtual ceiling is broken a statutory requirement would ensure that budding woman mangers wouldn't be demotivated by the inbuilt incongruities of the system.
Tighter statutory Control:-
The most direct impact of the above is going to be to the insurance sector. Insurance sector in India has been very keen to tap into a very large market primarily through their participations in the government schemes like the RSBY. In a way insurance is poised today is akin to the IT sector in India and the financial services growth in the USA and the pattern of development is indicative of a Damocles sword hanging, some of the evidence of which can be seen in the recent allegations against a major insurance company of having the government to cough up crores as premium for ghost beneficiaries. It is the right time to bring in such regulations to nip some of these nefarious tendencies in the bud.
One of the new features of this law that would be of interest for the upcoming entrepreneurs is that it allows for a one person company. This is a welcome move for the fact that healthcare has become one of the hotbeds for spurt in entrepreneurial activities using various IT platforms and solutions which essentially opens up the possibilities of one person companies to a greater extent than ever before.
Though the complete ramification of the new law can only be fully understood after the rules are framed and it is executed, but in a nutshell we can surely say that the new companies bill is a right step in fortifying the functioning of the corporates and making them more grounded into the society in which they are. But as with all the laws in India, the execution is where it falters, let us hope that this new law provides a framework for improvement of our corporate ecosystem and it gets adapted in both letter and spirit.