Day: March 23, 2020

Notes from National Health Profile (NHP) of 2019

AshishLeave a comment

India releases reports on our National Health Profile, the latest of which came out in the year 2019.

Some notes from that report:

  • 8.5% of our population is above the age group of 60:

    Age group-wise distribution of population of the country projected for 2015 and 2016 are given at Table No. 1.1.4(a) and Table No. 1.1.4(b) respectively. Accordingly to Table No. 1.1.4 (b), 27% of the total estimated population of 2016 were below the age of 14 years and majority (64.7%) of the population were in the age group of 15-59 years i.e. economically active population and 8.5% population were in the age group of 60 to 85+ years.

  • Here is the death rate by age group. The chart doesn’t mention this clearly, but this should be per ‘000 people.
  • I got to learn about the Integrated Disease Surveillance Project (page 128 and 129 on the National Health Profile report)

  • Public expenditure on health as a percentage of GDP was 1.02% in 2015-16. There is no significant change in expenditure since 2009-10. (Table 4.1.2)

  • The Centre-State share in total public expenditure on health was 31:69 in 2015-16. (Figure 4.1.1)

  • Around 48 crore individuals were covered under any health insurance in the year 2017-18. This amounts to 37.2% of the total population of India. 78% of them were covered by public insurance companies. (Table 4.3.5)

  • Overall, 80% of all persons covered with insurance fall under Government sponsored schemes. (Table 4.3.5)

  • Our spending on health as a % of GDP vis-a-vis other countries:
  • And a more specific comparison:

  • Number of Registered allopathic doctors possessing recognized medical qualifications (under MCI Act) and registered with state medical council for the years 2017 and 2018 were 43,581 and 41,371 respectively. At present average population served by Government Allopathic Doctor is 10,926 number of persons served per allopathic doctor. (Table 5.1 and 5.3)

  • There are 20,48,979 Registered Nurses and Registered Midwives (RN & RM) and 56,469 Lady Health Visitors serving in the country as on 31.12.2017

  • Medical education infrastructures in the country have shown rapid growth over the past few years. The country has 529 medical colleges, 313 Dental Colleges for BDS & 253 Dental Colleges for MDS. The total number of admissions for academic year 2018-19 in Medical Colleges is 58756.

  • There are 4035 hospitals and 27951 dispensaries to provide Medical care facilities under AYUSH by management as on 1.4.2018.

  • Health-care is the right of every individual. 60% of population lives in rural India. To cater the health needs of these rural populations there are 158417 Sub Centers, 25743 Primary Health Centers and 5624 Community Health Centers in India as on 31st March 2018

  • There are 43 government mental hospitals in this country. Table 6.2.7, on page 273 of the report

 

If there are other government reports that you know of that you think people should know about, please comment or email them in. I’ll share ’em here.

India’s National Disaster Management Planning

AshishLeave a comment

Sharing some links that I have been able to find online. If anybody has better resources, more up to date information, please let me know, I will update this page.

  1. NDMP, as of May 2016. Pages 96-97 especially relevant.
  2. The document about India that is available with the UNDP. Pages 49, 97 and 112. Almost certainly out of date, please help with the latest link if you have it.

 

Clear communication matters, and we need to know the details of the top down approach.

For those of you who wish to study this in greater detail, chapters 7,9 and 10 of this document might be worthy of a more in-depth read.

Ajinkya Jadhav’s List of Recommendations

AshishLeave a comment

(Important Note: if you have any suggestions/tips/recommendations that students can benefit from in these times, please keep ’em coming. I promise to share the helpful ones here.)

Ajinkya Jadhav was a student of mine at SCMHRD some years ago. After reading yesterday’s blog post, he very kindly took the time to prepare some recommendations of his own. I’m posting them below verbatim.

(Quick note about how the note begins: I beg and plead everybody I teach/work with to call me Ashish, not Ashish Sir. Why? Here’s the answer)

His message below:

Hi Ashish (taking cue from your last request to get onto a first name basis. I must admit I’ll take time getting used to this :p), very informative post on EFE.
Some further add-ons to these which have helped me through the first few years below (Very basic, ignore if read / covered by the student already)

Books (Acad)
1. Day to day economics (Satish Deodhar)
2. Finance for Non-Finance (Vishal Thakkar)
3. Principles of Corporate Finance (Brealey Myers, the single most important finance acad book I’ve read)
4. Damodaran on Valuation (people start finding some glitches in his theories once they gain some edge in finance / valuation, but until then, devour anything with Damodaran written on it)
5. The Intelligent Investor (Ben Graham) – Duh !

Books (Non-Acad)
I am myself a work-in-progress but some books which helped me
1. Why I left Goldman Sachs (supposed to make you repel finance and GS, but by the end of first half, a bulge bracket was all you want to work for)
2. All of Nassim Taleb’s Incerto series
3. Thinking Fast and Slow (Dan Kanheman)

Courses
1. NCFM (used to be a decent starting point)
2. CFA Level 1 (important sections like Equity, FRA, Corporate Finance, Fixed Income, Eco to be covered if not attempting the exam)
3. BIWS. Learnt a lot of my early modelling here (Pricey but worth it)

Blogs / Newspaper
1. ET / Mint daily
2. Musings on market (Damodaran)
3. Imagine you had access to the thought process of top 100 investors in the market today. Free of cost. For many years – Both Twitter and LinkedIn have the potential to be that feed for you. Lot of value can be extracted.
4. Wall Street Oasis – I used to just keep flaneuring around on this forum. huge learning. One of the best for budding finance / banking professionals
5. https://ajuniorvc.com/ – If you love reading about startups. This is your go-to blog if you can let go of watching Virat Kohli bat for learning how Nykaa / Dream11 / Bounce and the likes became disruptors in their respective sectors
6. https://www.profgalloway.com/

Websites
1. Macabacus
2. Investopedia
3. https://www.wallstreetmojo.com/

Also, don’t hesitate to search on Youtube if you don’t understand any concept. You’ll definitely get multiple explanations for any and every difficult concept

Lastly, someone wise once suggested my class to have an aggregator for all news feed subscriptions. And yes, do not forget to make notes of everything you learn on a OneNote /Evernote or whichever note taking app you have. The eventual goal is to have a repository (of everything you’ve learnt over the years) which can rival Tim Ferris’ Tools of Titans 🙂

Tim Ferriss’ Tool of Titans is a separate recommendation in its own right, by the way.

Ajinkya wasn’t done! He followed up with this set:

Though I’ll make the recommendation list complete.
Few more additions below
1. http://errclub.blogspot.com/ (Easily the most resourceful Analyst research community on markets. Free to join. Create a new mail id for the reports, for you ll receive over 200 research reports every single day from brokerages. You ll have to learn to let go of reading a lot of articles and reports here)
2. Fundoo professor blog [by prof. Bakshi] – Treat every word written by Bakshi sir as gold. Especially go through this blog post of his https://fundooprofessor.wordpress.com/2011/04/24/vantage_point/ [Imho, the single most important and simple blog on financial analysis for interview prep]

Movies
1. Margin Call – Zachary Quinto is who you are aiming to be
2. Inside Job & Too Big to Fail – To give you an edge on any locker room conversation around most discussed topic between finance analysts guys ever – The GFC
3. Wall Street and Wall Street: Money never sleeps – you will watch this movie multiple times and recite verses with you peers. Yes, its the Andaz Apna Apna equivalent of finance movies
4. Boiler Room
5. The Big Short

TV Series
1. Billions

Podcasts
Download Stitcher or Castbox, type finance in the search bar and see for yourself what podcasts float your boat. Start listening while travelling / running errands. Podcasts are very underrated

Ad-hoc concepts / topics / events
These are what will actually give you that little extra over your peers in any conversation (has helped me a lot during company meetings). These topics / concepts might not be covered in any single book (to my knowledge) and are easily forgotten once you enter corporate life. Non-exhaustive list includes concepts like Nash Equilibrium, Market for Lemons, Mundell Fleming Trilemma, Minsky Hypothesis and events like Jasmine Revolution, Black Monday (’87), Black Wednesday (Soros), LTCM downfall, Bernie Madoff etc

“You are the avg of the 5 people you hangout with” this phrase is most applicable to someone who wants to make it deep in finance. Keep talking concepts, news, market disruptions with friends / peers to develop yourself.
Have a few more things to add but this should be good for the first couple of years of so. And no pride of ownership here so please feel free to omit if you think anything is unnecessary 🙂

Forget omitting something – I’ll go in the opposite direction. Ajinkya, or anybody else reading this blog – if you have any suggestions/tips/recommendations that students can benefit form in these times, please keep ’em coming. I promise to share the helpful ones here.

Thanks, Ajinkya: beer, or your beverage of choice, is on me whenever we meet next!