Showing posts with label Japan. Show all posts
Showing posts with label Japan. Show all posts

Saturday, April 27, 2013

Death to the life giver?

The unregulated surrogacy industry is leading to the exploitation of several poor women

Sample this: An industry worth $500 million in 2002 stands as a $2.3 billion industry in 2012. An industry serving its clients with only 350 odd centres in 2002 has grown and crossed the mark of 1000 plus centres. And in spite of this impressive trend, this particular industry still remains highly unorganised and unregulated, and its growth has actually led us towards serious social issues. Welcome to the surrogacy industry of India!

Surrogacy generally refers to the carrying and delivering of another couple’s child by a woman. It’s a solution for couples where the female partner is not able to carry the child for whatever reason. India has become one of the most preferred fertility tourism destinations across the globe, and has become a ‘baby factory’ of sorts with respect to IVF and surrogate births due to long waiting times in other developed nations owing to various reasons, including shortage of eggs and sperm, lack of donor anonymity, overregulation, high costs and poor experiences of treatment.

Surrogacy hasn’t enjoyed legal sanction in a number of countries. Several developed countries such as Japan, France, Italy and UK have even banned or restricted, in one form or the other, commercial surrogacy, where the carrying woman gets paid for being the surrogate mother. Surrogacy is illegal in several states of America too. The legal issues coupled with the high prices of commercial surrogacy have made it quite expensive (with rates as high as $30,000) around the world, while Indian clinics, which are often running without government regulation (which helps them to also avoid heavy taxation) offer their services for one tenth of the costs internationally.

A decade back, the Indian government’s earnest efforts to promote medical tourism provided an unprecedented boost to surrogacy. Ironically, India made commercial surrogacy legal back then, but there are no laws yet that protect the rights of surrogate mothers. The recent death of surrogate Premila Vaghela, who was eight months pregnant, has brought to light the paucities in the guidelines governing the industry in India.

Not surprisingly, the growth has also led to exploitation of many poor women who were willing to lend their wombs to feed their families. The Indian Council for Medical research (ICMR) has tried to regulate commercial surrogacy since 2005, but guidelines issued by ICMR are not legally binding and are ambiguous on various issues like the surrogate’s rights, issues of informed consent and adoption requirements. The Assisted Reproductive Technologies Regulation Bill 2010, which is an updated and improved version of the ICMR guidelines, is still pending with the government and has not yet been even presented to the Parliament.

Although several doctors and clinics have claimed that they strictly follow the guidelines provided by ICMR and properly compensate surrogate mothers, the reality is starkly different. In some studies, it has been shown that there have been cases of even minor girls taking up this option due to the lure of quick money!


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
 

Saturday, April 13, 2013

B&E Indicators

Asian liquidity remains solid

Liquidity remains solid for non-financial, speculative-grade companies in Asia. The region’s Liquidity Stress Index was 12.3% in June, unchanged from May, and far below the 37% high it hit during Q4 2008 amid the global economic recession. In fact, the Asian Liquidity Stress Index has remained near its current level since the start of 2011 and is at its lowest levels in three years.

A low probability of default in the region

The high level of corporate liquidity in Asia suggests a low probability of default for the region’s speculative-grade companies. In fact, there were no defaults during the first half of 2011. Even the Asia-Pacific (ex Japan) trailing-12 month speculative-grade default rate has remained at 1.7% since the beginning of 2011. This situation, coupled with manageable refinancing needs, indicates that the default rate will continue to stay low for the rest of the year as well.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Monday, October 29, 2012

Nuclear attacks that almost wiped

Millions of civilians were the hapless victims of the nuclear attacks that almost wiped two cities off the map… Today, most Americans believe that Uncle Sam did right in bombing Japan!

Major General (Retd.) Rajbir Gill feels, “It’s a never-ending debate and it can be argued endlessly whether it was the right decision or not. The war was on for close to three years and in order to avoid further misery, the US bombarded Japan. In order to be sure of their weapon and the reaction of Japan, the US overdid the damage, and could have refrained from bombing Nagasaki.” Since then it has been a standard belief that whatever was done, was done for the better. And it holds true to the famous saying by Dr. Joseph Goebbels, propaganda minister of the Third Reich, “Repeat a lie a thousand times and it becomes the truth.” In the present peace loving times, where all nat

ions preach humanity and love, a feeling of grief and guilt should fill the hearts of one and all. Technical advancement with respect to nuclear energy was not aimed to equip nations with mass destructive bombs such as Fat Man and Little Boy. Little did they know then that the side effects of these radiations would damage the victims’ gene-pool, and that their impact would be felt for generations to come. These attacks triggered the race amongst all the ambitious and powerful nations of the world to quickly gain the nuclear powered status. Thereafter, in order to ensure world peace, it also led to various sanctions and treaties to curtail the possibility of such enormous power from falling into the hands of the evil-minded. One should learn a lesson from history, and pray that the only arms the world uses are the ones we need for giving each other a hug!


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

 
IIPM : The B-School with a Human Face