Citizens' Issues
Allegations against CBI director has 'some credibility' says SC

Supreme Court observed that seemingly the allegations made by Centre for Public Interest Litigation against CBI Director Ranjit Sinha had 'some credibility'


Ticking off the Central Bureau of Investigation (CBI), the Supreme Court on Thursday observed that apparently 'all is not well' and seemingly the allegations made by Centre for Public Interest Litigation, the non-government organisation (NGO) against CBI Director Ranjit Sinha has 'some credibility'.


"For us, it appears that all is not well and prima facie it seems that allegations made in the application by NGO has some credibility," the apex court said while hearing the case related to allegations by the NGO that Sinha might have tried to save some accused in 2G spectrum scam.


On Wednesday Sinha had told the apex court that DIG-rank CBI officer Santosh Rastogi was a 'mole' who passed on certain file notings and documents to the NGO on the basis of which baseless and false case was filed against him.


Special Public Prosecutor Anand Grover Thursday said that Sinha had interfered in the 2G case which is completely inconsistent with the agency’s stand.


"Our case in 2G could have been demolished, if Sinha's stand was accepted," Grover told the highest court.


The SC also said that shifting Rastogi from 2G probe was overreach of its order.


The Apex court also expressed displeasure over the presence of a number of CBI officers in the court room.


Around eight CBI officers were present in the court room, all of whom left after the SC's observation.



Kotak Mahindra Bank acquires ING Vysya Bank
Shares of both Kotak Mahindra Bank and ING Vysya Bank hit their 52-week high on Thursday following news reports about the possible merger between the two lenders. The acquisition was later confirmed by Uday Kotak via Twitter
Private lender Kotak Mahindra Bank Ltd Thursday said it acquired ING Vysya Bank Ltd. No financial details were immediately available.
Uday Kotak, executive vice chairman and managing director of Kotak Mahindra Bank, tweeted "Kotak Mah Bank & ING Vysya Bk Merger Subject To Approvals. Will Work To Create Stakeholder Value".
Earlier, shares of Kotak Mahindra Bank and ING Vysya Bank hit their 52-week high on Thursday following media reports about possible merger between the two lenders. Before the annoucement, Kotak Mahindra Bank closed 7.28% up at Rs1,157 while ING Vysya ended the day 7.15% higher at Rs814.2 on the BSE. Both the scrips hit their 52-week high today. The 30-share benchmark Sensex closed Thursday flat at 28,067.
According to a report from Economic Times, Kotak Mahindra Bank was in the final stages of acquiring ING Vysya Bank. The news article indicated a merger ratio of two shares of Kotak Bank for every 2.5 shares of ING Vysya, implying a market cap of Rs165 billion for ING Vysya.
Both BSE and National Stock Exchanges have sought clarification from the lenders about the news report. In its reply to BSE, ING Vysya Bank had said, "We are aware of the Company's disclosure obligations under Clause 36 of the Listing Agreement. The Company will abide by its obligations to make appropriate disclosures as and when such disclosures are necessitated by decisions taken by the Company."
In a research note, Nomura said, the merger between Kotak Mahindra Bank and ING Vysya would be a 'happy marriage' as it could fill many gaps for Kotak Mahindra Bank. "Our Neutral rating for Kotak has been more valuation-driven, currently 3.25x September 2016 book. An acquisition of ING Vysya strategically would make sense, and if it happens at valuations which are about 10% EPS/ book accretive, then we would be incrementally positive on Kotak Bank," it said.
Here are a few points mentioned by Nomura in its report on the possible merger between the two lenders...
Low geographical overlap: An acquisition will increase Kotak’s number of branches about 2x (from 600 branches in FY14 to ~1,200 branches). Except for some metro locations, branch overlap will be very low with ING Vysya having 66% of its branches in South India and Kotak having 68% of its branches in West and North India.
Access to business banking/SME platform: Kotak is still largely an urban retail platform (50% of loans), while ING Vysya’s key strength is in SME/business banking (about 38% of loans) – this closes the vital product gap for Kotak as currently SME is just 8% of its loans.
Liability mix very similar: CASA ratios for Kotak and ING Vysya at 32-33% are very similar, but since SME banking is CASA-heavy, liability franchise in the long run would benefit.
Value-accretive way of diluting promoter stake: With the acquisition, promoter holding in Kotak will come off from about 40% to 33.5% and help partially comply with RBI’s deadline on promoter stake reduction.



MG Warrier

2 years ago

Financial sector, in which banks are major players, is facing several challenges. Private –public sector divide, or old-new differentiation or even size may not cover up the inadequacy of a national policy guidance for conduct of business in this sector. Now, problems, of bad management, of stress arising from weaknesses in regulation and supervision and most importantly-and this affects public sector banks more- external pressure are being handles on a crisis management basis as and when they crop up. There need to be conscious effort from Reserve Bank of India to address structural and policy issues with a holistic approach viewing the financial sector as one entity and its health as something which cannot be compromised for ‘popular’ or ‘business’ interests of government and corporates.

Life Exclusive
Can hospitals be more transparent by showing patient survival data?
The time is ripe to make data of patient survival rates transparent as the UK has just done
The health department of UK has just launched ‘My National Health Service (MyNHS)’, which has brought in increased transparency including patients’ right to be provided data on health care services including survival rates for cancer and other ailments. This also has opened up a huge possibility for India, which has the second strongest transparency law in the world.
Quoting the UK health secretary, The Telegraph newspaper states that all hospital (in UK) have been ordered to publish their cancer survival rates ‘as part of plans to give patients a legal right to information comparing standards across the country’. The report adds that the new transparency drive of ‘online publication of GP practices, individual surgeons, and hospitals, will mean the NHS publishes more comparative information for patients than any country in the world.” 
Indian patients and their families go though a lot of agony because they are kept in the dark regarding treatment. Only a few have used RTI Act to procure information which is so hard to get, although it is the patients’ right to get such information. The UK set up a Committee to go into the issue of death of patients and other criteria of patient care, following which has launched a formal campaign on Wednesday.
The website link has all the information the public needs to know how the MyNHS campaign is going to empower them, as patients, from today. The press statement says, “This is a new site on NHS Choices where people can compare the performance of their local NHS hospital, their care services and their local authority with up-to-date information. The launch comes 1 year after the government’s response to the Francis Inquiry on Mid Staffordshire. It is the first time such a wide range of performance indicators has been made available to the public in this way.
As per the website, from early December, patients would be able to see the Care Quality Commission’s individual risk rating for GP practices. And thereafter, details of one year and five year cancer survival rates would also be made available, online. MyNHS also includes simple, searchable data on: food quality; staffing; patient safety; mental health along with many other areas of care, the uploading of which has begun from September.
UK’s first tryst with medical transparency began a decade ago when noted heart specialist, Sir Bruce Keogh and heart surgery colleagues achieved dramatic improvements in performance, not through new targets, but by publishing results for individual cardiac surgeons for the first time. The press note by the health secretary states, “Transparency is about patient outcomes not process targets. It uses the power of a learning culture and of peer review, not blame. The NHS is now blazing a trail across the world as the first major health economy to adopt this kind of culture.”
The committee’s findings and recommendations are available on this link:
There is an urgent need for the present government to get its health department into launching a similar campaign. While the RTI Act is in place for the government to begin the move, it should appoint a committee to submit a study and recommendation report. Do give your feedback on this vital issue.
(Vinita Deshmukh is consulting editor of Moneylife, an RTI activist and convener of the Pune Metro Jagruti Abhiyaan. She is the recipient of prestigious awards like the Statesman Award for Rural Reporting which she won twice in 1998 and 2005 and the Chameli Devi Jain award for outstanding media person for her investigation series on Dow Chemicals. She co-authored the book “To The Last Bullet - The Inspiring Story of A Braveheart - Ashok Kamte” with Vinita Kamte and is the author of “The Mighty Fall”.)




2 years ago

Hoping against hope is good. But let us also not forget the Indian realities. There is not even a powerful statutory regulator to vouch for the Health services given to the patients in hospitals and nursing homes. In spite of the Professional regulating body MCI making regulations for registered Hospitals and Nursing Homes to be transparent and display on board the various procedures and charges for services ,including Consultation fee etc. none is bothered to implement. Only a few brand hospitals do have some disclosures on website and not on the premises. In such a dismal scenario, the patient even can not use his right to CHOOSE.
And unfair practices in Nursing homes galore, to an extent of charging different charges for different people. No standardization of services too. Consultants do not say what will be the second visit charge or no charge if done within a specified time . None of the private Consultants provide any receipt unless demanded.
Let these basics come first in our health service providers.

Parul Aggarwal

2 years ago

Great read on Health !!
Vinita - I have read your artcicle on Chameli Devi Award book
it was also very eye opening !!

This new move in UK is going to improve thier healthcare beyond doubt .
India needs much more than 7 star private hospitals .

And this publication of results will be a solid tool for evaluating the hospital care.
But the sad part is Medical council is highly corrupt .

Ralph Rau

2 years ago

This looks like a good idea BUT...

There are already doctors in Mumbai who say they will not touch a patient if their "numbers" will be adversely affected.

Specifically this means that a high risk patient will find that no doctor wants to touch them especially in an emergency ICU type life and death situation.

Maybe only non-emergency elective surgery statistics need to be published ?


Parul Aggarwal

In Reply to Ralph Rau 2 years ago

No a comprhensive stats with Weightage marking on
index based on real factors associated with each patient can be recorded .
This will also help in medical profession .
The right process applied by the doctor or not is the most important thing bcoz outcome depends on many vital factors like
Blood pressure
Brain working
Cell mutation in case of cancer .

Sunil Shah

2 years ago

India's hospitals & health care institutions have been classified as commercialized & opaque. Predatory pricing (overcharges to patients & charges of procedures and tests that are unnecessary) have been well known. It certainly would be a good idea to establish a rating system for hospitals (like hotels) through a comprehensive criteria.
Patient survival rates would be helpful (to avoid reckless treatments and force ethics upon the whole medical & nursing fraternity) and can be a criteria in developing a ranking system.

- Sunil Shah - Consultant (Governance & Public Policy) - Nairobi, Kenya

Babubhai Vaghela

2 years ago

(1) Excellent Suggestion as Pretty Useful to Patients & Family Members to take Prudent Decision. (2) One more Suggestion that is linked to cost of having health services is that the Doctors & Hospitals should display consultation & various treatment charges. (3) Further, having availed prime land at concessional rates from Govt, the data on mandatory treatment provided to needy poor patients should also be displayed & published by the concerned private hospitals.

M S Prabhakar

2 years ago

A great piece of suggestion and model for adoption! Medicine and healthcare have come a long way from "experience-based" to "evidence-based" during the last two decades. I think the turning point was 1996 when the former Intel CEO Andy Grove published a self-written article in Fortune magazine on how he used hard evidence on outcomes-based research to evaluate treatment options for his prostate cancer. Nothing exemplifies "informed consent" as this case. This is a classic piece and every person should read this article (see ).

I can't help quote the best piece of his advice:

"...The whole thing reminds me of the uncomfortable feeling I experienced when I first sought out investment advice. After a while, it dawned on me that financial advisers, well intentioned and competent as they might have been, were all favoring their own financial instruments. I concluded that I had to undertake the generalist's job myself; I had to take the high-level management of my investments into my own hands. Similarly, given the structure of the medical practice associated with prostate cancer, that's the only viable choice any patient has. If you look after your investments, I think you should look after your life as well. Investigate things, come to your own conclusions, don't take any one recommendation as gospel..."

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