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[ad_1] The NITI Aayog’s health index, which ranks states across the three broad categories—health outcomes, governance and information, and key inputs/processes—is an useful tool to identify areas of concern in health and public healthcare. There is, of course, scope to make the index more comprehensive; The Wire quotes experts to highlight that the report doesn’t assess states on mental health and non-communicable diseases, both of which should be top concerns for policymakers. Moreover, the grouping of states with disparate demographic and endemic epidemiological realities has been flagged as a major problem in the comparison. That said, there are key takeaways from the index, especially in terms of government spending on health and bolstering health workforce. While Kerala coming in at the top is no surprise, poll-bound Uttar Pradesh, which is at the bottom of the list, has registered the biggest incremental improvement over 2018-19, albeit over a low base. To illustrate how the base influences the ranks, Bihar recorded the highest fall in neonatal morality rate (NMR), from 28 to 25, in the reference period over the base period; Kerala, where the NMR remained unchanged at 0, ranks 13th in this list.Given the index covers the year before the Covid-19 pandemic broke out, a caveat about changed realities, because of how the pandemic has spurred governments to beef up healthcare, is necessary. Nevertheless, the index should reflect the momentum on which each state would have mounted further efforts. A key metric is efficiency on health spending. The NITI indicator of the average number of days taken for transfer of National Health Mission funds from state treasury to the implementing agency can be seen as a proxy for this. Eight of the larger states had managed to reduce delays between the base period and the reference period while for the remaining the time taken to transfer had increased; Punjab clocked the sharpest reduction in the time to transfer, from 342 days to 134 days, while Himachal Pradesh, at the bottom, recorded a worsening from 34 days to 186 days. A long gestation for central funds to translate into meaningful on-ground spending is important in the context of the Centre’s recent concern over states having collectively used a mere 17% of the Rs 23,000 crore available to them under the Emergency Covid Response Package II.Also concerning is the fact that 15 of the 19 large states, including Kerala, had deficiencies in the strength of healthcare providers in public healthcare that, as a proportion of the requirement, ran into double-digits. In the case of a Bihar, this was as high as 41.27 the year before the pandemic, although down from 48% the year earlier. The pandemic, of course, brought this significant deficiency to the fore at the national level. However, given how such large deficiencies will also make it difficult to push up desired outcomes for non-Covid diseases, the states need to address the gaps on a war footing. The Centre, as this newspaper has pointed out earlier citing experts such as Dr K Srinath Reddy of PHFI and Dr Devi Shetty of Narayana Hrudayalaya, also has a role to play, in terms of relooking policies that constrain meaningful addition to the healthcare workforce, taking a cue from jurisidictions globally that have managed to meet and better the WHO-recommended standards. The index also gives us a picture of how far most of our states are from the desired levels of health and healthcare. Nine large states are below the mid-point mark, with only the southern states (except Karnatka) above or close to the 70-point mark. The pandemic is likely to have gotten administrations to shed inertia, even so, getting healthcare to perform optimally remains an uphill task. [ad_2] Source link

[ad_1] Building wealth and achieving financial independence is fairly straight forward. You need to make more than you spend and invest the difference. It’s the simple advice most people don’t want to hear. They want the latest “money hack” that is guaranteed to make them a millionaire over night. Steve Adcock understands this. And if you read over his Twitter feed you quickly get a sense for his no BS advice to help others achieve financial independence. As far as what makes Steve the expert on this? How about retiring from his job at 35 and now he gets do what the heck he wants whenever he wants to. That’s what. I recently got a chance to hang out with Steve on the Good Financial Cents podcast and it was a great conversation. You can listen to the entire interview here: Or you can read the edited transcript below. Tell us a little bit about what you’re excited about, what your mission is right now, and why you have a squat rack over your right shoulder. Well, let’s see, I live out in the middle of the Arizona desert. Which means I don’t exactly have a gym right next door that I can go to. But fitness has always been a huge part of my life because I want to do things while I can, and fitness is my way of being proactive with my health. As much as I can to make sure that I can continue doing things as long as possible, doing physical things, getting out and hiking or whatever. The squat rack behind me is how I maintain my health to a large degree. I also have a cable machine. I have all kinds of dumbbells. My home gym is where I spend a lot of my time. That also happens to be where my office is. I can just say that we’ve converted our garage into my office and my gym. You could be sure I spend a whole heck of a lot of time out here. Obviously personal finance, investing, and financial independence are very important to you. What makes you so passionate about these today? For me, personal finance is primarily a means to an end. And that end is being able to control 100% of my time and not have to work for eight to 10 hours a day, five days a week. The minute I graduated from college and set foot into an office, I was like, this is it? This is what I have to look forward to for the next 50 years? There’s no way I’m going to do this. I’d luckily chose a high paying career field, information technology. And at the time I didn’t necessarily know about financial independence. I didn’t know that early retirement was really all that possible. I just kind of figured that you had to be super rich in order to quit your job early. And yes, you do have to have some money, but you don’t have to be super rich. A few years down the road, I was like, well this kind of sucks, but I mean, this is what you got to do. This is what people do. They work, they earn, they spend, they work, they earn, they spend, repeat, repeat, repeat, repeat. So that’s kind of what I did for the first 10 years of my life. Until I finally started to put those pieces into place regarding my future and what I thought that was going to look like, especially after I met my wife. And then we started to collectively talk about what we wanted to do in our future. And those talks never seem to revolve around going to work. It was always travel and experiencing the world and doing fun things, not just spending eight to 10 hours a day in an office. That’s really where all this started, my distaste, or just the fact that working doesn’t really work for me. At least any very structured way where I have a boss looking down my shoulder for all those hours. Wasn’t going to work for me and it didn’t work for me. I have a job, like this can’t be the end solution, but yet, so many people stay stuck. You’re having these conversations with your wife. At what point did that conclusion come? No, I’m not going to settle for this. I want to do something different. Before we got married, we had a choice to make. I was going to move in with her and sell my house. We only have one house to maintain and one house to pay for. But she also worked in information technology. She’s actually a rocket scientist, an actual rocket scientist. I definitely married up, believe me. We had all this money now. Probably combined, I want to say $220,000 to $230,000 a year combined. That’s a good amount of money. So what do we do with that? We can either live the high life, we can get the vacation home or go on expensive vacations, get new cars, new cell phones, just basically live like we are “rich”, or the other side of that is we could also live as frugally as we possibly can for the next three, four, five, six years, whatever that happens to look like. For us, it was about four years I think. Save as much as we possibly can, as quickly as we can, then quit and pursue a life of travel and adventure. Before we got married, what we wanted to do was sell everything, buy an Airstream and go travel the country for a living. I’m getting a little bit ahead of myself here, but that is what we did. That’s what our passion was at the time. It was that fork in the road where we have all this money coming in. We can either live like we’re rich or live like we’re not

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[ad_1] Lack of competition in U.S. meat industry amounts to 'exploitation,' says Biden [ad_2] Source link

[ad_1] As I want to invest Rs 20,000 every month in a systematic investment plan (SIP), should I invest in three SIP accounts to diversify the portfolio?—Raminder SinghYou would need to register the SIPs separately for investing into different funds. It is advisable to diversify investments across 2-3 funds to mitigate concentration to a particular AMC or fund manager’s style/bets. Is there any mutual fund scheme where the money automatically moves to equity when the markets rise and moves to debt for some time when markets fall?—Jitendra Kumar‘Dynamic Asset Allocation / Balanced Advantage funds’ allow a fund manager the flexibility to move between equity and fixed income based on their perception of market valuations. Most schemes in this category have the flexibility to maintain equity exposure in the range of 65 to 100% in equities (rest in fixed-income), while a few schemes have the flexibility to move out entirely from equities into fixed-income.  However, to maintain the favourable equity taxation, fund managers do not go below 65% in equities. Typically such funds invest a portion into equity arbitrage strategies which are market neutral in case the manager doesn’t have a positive market view or due to valuations to meet the 65% requirement.  ‘Hybrid funds’ is another classof funds which can take asset allocation calls based on their valuation expectations. However, the equity exposure in such funds is restricted to a much narrower range relative to dynamic asset allocation funds. How can I withdraw money from my SIP as I am facing a cash crunch now?—R S JoshiYou can withdraw your investments periodically unless they are under the lock-in period. You can withdraw via the SWP (systematic withdrawal plan) route by redeeming a fixed amount at a given frequency. You may also withdraw a lumpsum amount via a redemption request. Funds usually have minimum withdrawal amounts specified in their disclosure documents. Be sure that the units being withdrawn are not under the exit load period. The writer is director, Investment Advisory, Morningstar Investment Adviser (India). Send your queries to fepersonalfinance@expressindia.com [ad_2] Source link

[ad_1] The post Why You Need an Abundance Mindset for Financial Independence appeared first on Millennial Money. There are two basic mindsets: an abundance mindset and a scarcity mindset. Which one you choose to adopt will help determine your chance of success — especially on your journey to financial independence. While people with abundance mindsets envision limitless possibilities, those with a scarcity mindset think about the world in terms of limited options. It’s obvious which mindset can help you get ahead in life, business, and money. In this article, you’ll learn how to adopt an abundance mindset and find out the skills you need to avoid falling into the trap of negative thinking. But first, let’s break down some of the key differences between these two mindsets. What is an abundance mindset? An abundance mindset is a way of thinking about the world that keeps you open to possibilities. Someone with an abundance mindset believes that there’s enough to go around — enough time, enough money, enough energy. And they spend their lives looking for the next big thing.  That means abundance mindset people give big. They’re willing to give their time, energy, and money to projects and causes they care about. And they know that resources are infinite and that more will come to them.  What is a scarcity mindset? In contrast, someone with a scarcity mindset believes there will never be enough of something. This mindset has a nasty habit of compounding. Instead of looking at the future and seeing the possibility of growth, someone with a scarcity mindset tends to hoard their resources and stress about the current problems in their life.  This mindset can severely affect your ability to reach for new opportunities. Long ago, scarcity mindsets were evolutionarily beneficial because they helped us survive when resources were slim. However, they have served their purpose. It’s time to move on. Abundance mindsets vs. scarcity mindsets An abundance mindset allows you to open yourself to new opportunities and possibilities, while a scarcity mindset leaves you trapped in your current position.  For example, if someone with an abundance mindset sees that they’re up for a promotion at work, they’ll throw everything they have into setting themselves up for success. And they’ll be unafraid to march into their boss’s office and ask for what they want. Chances are, they’ll get it, too. But someone with a scarcity mindset won’t see the benefit of even trying to get that better position. They’ll talk themselves out of it by asking, “What if I’m not good at that role and get fired?”  They’ll be so focused on maintaining what they already have that they won’t be willing to look ahead and see the possibilities.  Why is having a scarcity mindset bad? All too many people fail at work, in building wealth, and at their relationships because they operate from a scarcity mindset. This kind of mindset focuses on what you lack and what you can’t achieve. It uses self-talk like “I could never do that” or “I don’t deserve it.”  This mindset is harmful in the long run, especially in the workplace. If you have a scarcity mindset, you won’t be able to celebrate someone else’s success. Instead, their success will be perceived as a threat to your job. You won’t see coworkers as a team because you’ll view them as competition.  Furthermore, you won’t be able to think ahead to find innovative solutions to problems. Instead, you’ll spend your time doing things by the book and grumbling when the status quo is disrupted. Your scarcity mindset will actually inhibit you from earning those promotions you so desperately want.  And from a financial perspective, when you have a scarcity mindset, you can become obsessed with the idea of your money running out. You won’t be able to enjoy your life and plan for the future. This inhibits your money-making potential. Having a scarcity mindset can make you miserable. But many people don’t get out of this mindset because having a scarcity mindset is easy. Developing an abundance or growth mentality requires hard work and shifting your values. Not everyone wants to do that. How to develop an abundance mindset In order to adopt abundance thinking, you must work on cultivating a forward-thinking attitude that shoots for the best-case scenario.  Stephen Covey, author of The 7 Habits of Highly Effective People, calls it a “Win/Win attitude.” The goal is to find a solution that works for everyone.  With an abundance mindset, you choose to believe that there’s enough for everyone and that everyone can share a piece of the pie. Simple things like celebrating your coworkers’ success at work or passing around freelance leads as they come to you are ways you can work on adopting an abundance mentality.  Challenge your scarcity mindset  The first thing you need to do to develop a growth mindset is to interact with your scarcity mentality. Ask yourself which resources you consider scarce or in which aspects of your life you feel there’s competition. Finding these trigger points allows you to start asking yourself why you think this way. You’ll be able to break down a negative thought and replace it with one that aligns with an abundant mindset. Through this, you can bring more happiness and gratitude into your life. Say you’re jealous of Susan because she just got promoted at work. Susan is a good worker, and she deserved to be promoted. But you just can’t find it in your heart to be happy for her.  Ask yourself why. Maybe you’re jealous and thought you should have gotten the promotion. Maybe you think Susan’s promotion will affect your boss’ answer when you ask for a raise.  Whatever the reason, offer a counterpoint that is couched in an abundance mindset. Remind yourself that you’re good enough for a promotion and ask yourself what you can do to show this to your boss.  With this new, more positive attitude, you’ll have the confidence to go into

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[ad_1] Online food delivery platforms have gotten expensive starting this year and while this might dampen the home food delivery segment in the days to come, the two food-delivery apps, Swiggy and Zomato had a blast of a new year. According to a finance ministry circular, starting January 1, all food delivery apps will be liable to pay a 5 per cent GST not just for supply from registered but also unregistered restaurants. Also, they will not get input tax credit (ITC). And this new charge may or may not be offloaded to the users of the apps. Before this, this tax was being paid by the restaurants. Even as the possible effect of this on the platforms, on restaurants and on the consumers, are not ascertained as of now, the two online food delivery apps ensured that it was a happy end of the year after an eventful 2021. During the year 2021, Zomato got listed on the public markets and Swiggy doubled down on its grocery service Instamart. Rewind to the NYE Most people across the country stayed back indoors this new year due to the omicron scare and also night curfews and restrictions imposed across many states, Swiggy and Zomato registered ‘unexpected’ number of orders. While Swiggy received over 9000 orders per minute, Zomato touched a high of 7100 orders per minute. “Swiggy crossed the 2 million total orders mark by 9 pm itself. We broke our own record of 5500 food orders per minute from Dec 31, 2020 and ended the night with an order peak of 9500 orders per minute for food alone. This is the highest ever for food delivery in India,” the food delivery aggregator Swiggy informed Financial Express Online. Also, its grocery delivery platform recorded 63 per cent more orders and 74 per cent increase in gross merchandise value (GMV) compared to the rest of the month, beating its own previous Christmas day peak. “The order intensity peaked closer to dinner, with 17662 being placed in 30 minutes alone,” it confirmed. Zomato, meanwhile, clocked over Rs 100 crore in GMV as compared to Rs 75 crore it had registered last year on December 31. The food delivery platform had touched 2.5 million orders by 11:15 pm. What were the most ordered items? Users mostly ordered Biryani, Butter Naan, Masala Dosa, Paneer Butter Masala and Chicken Fried Rice, from Swiggy and Swiggy Instamart saw mostly breakfast items being ordered from the app, “15,458 cartons of egg, 35,177 bags of tomatoes, 27,574 bags of onions and 7822 bread packets”, to be precise. “Instamart saw a 30x growth from last year,” Swiggy told Financial Express Online. Zomato’s founder & CEO Deepinder Goyal, meanwhile, tweeted about the items being ordered on Blinkit, the online grocery delivery service backed by Zomato. He tweeted, “An update from @letsblinkit – 7,000 packs of nachos have been ordered already. And 43,000 cans of aerated drinks. Not going to share the stats on condoms.” Blinkit registered orders of 130,154 liters of Soda, 11,943 ice packs, 4,884 jars of dips, 6,712 tubs of ice creams, 28,240 packs of instant popcorn, on the NYE. What cities/ towns placed the most orders? Opposed to what many may think, at Swiggy, tier-II and -III cities saw a 68 per cent increase in delivered orders while metros saw a 58 per cent increase and among the non-metro cities, Vizag registered the highest number of orders per minute at 190. Also, cities like Rourkela and Palakkad witnessed a 300 per cent growth in orders. “The new users on our platform increased by 80 per cent showing that there was a strong intent for customers to order online. Cities like Mangaluru, Patna, Ludhiana and Surat saw the highest new users,” Swiggy maintained. The preparedness that went behind it all Interestingly, both restaurants and food delivery aggregators had prepared themselves ahead of the new year which resulted in smooth delivery of food till late night and “low restaurant driven cancellations even during the peak hours”. Earlier, a Zomato spokesperson had said, “This year, we have Zomans (our employees) volunteering to deliver orders and helping the customer support across chat, email and social media. This is beyond their regular work profile. Besides, we have always had emergency SOS services for our delivery partners in case of SOS support and road side assistance. We are also working with the authorities to ensure our delivery partners are equipped with the right road safety and Covid gear.” Swiggy too had its delivery army ready for the month. “We ran a month-long celebration for our partners by putting in place various schemes and incentives that have made December the highest-earning month for them. Additionally, top-performing delivery partners were felicitated with badges and gift hampers throughout the month. To aptly compensate them for their efforts on Dec 31 and Jan 1, special incentives were in place. We’re happy our delivery partners, along with our operations and support staff, ensured a great customer experience for lakhs of users,” Swiggy told Financial Express Online. [ad_2] Source link