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IMF says, Getting more women into formal workforce is priority for India

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Ken Kang
Ken Kang. IANS
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India must focus as a priority on ensuring that more women work in the formal sector as it continues with labour reforms, according to Ken Kang, the deputy director in International Monetary Fund (IMF) Asia Pacific Department.

While “in recent years India has made very impressive progress in reforms,” he said that “looking ahead there are important policy priorities” and listed three among them.

“One, is to continue improvements in product and labour market reforms with a focus on increasing formal female labour participation to improve the business environment, and reduce complex regulations, but also to address supply bottlenecks, particularly in the agricultural sector and distribution networks,” Kang said at a news conference on Friday in Washington.

As one of India’s major reform achievements, he mentioned the “introduction of flexible inflation targeting and of a statutory monetary policy which has helped to strengthen the monetary policy framework.”

Working woman
Working woman. Pixabay

The Reserve Bank of India Act was amended in 2016, to provide for a Monetary Policy Committee that decides on the interest rate required for achieving the inflation target set by the government in consultation with the bank.

The other achievements include the Goods and Services Tax (GST) and the “major recapitalisation plan for the public-sector banks in order to accelerate the work out of nonperforming loans, as well as made some important legal improvements through a new insolvency and bankruptcy law,” Kang said.

“We expect and hope that the reform momentum continues,” he added.

Also Read: Newly Developed Tool to Battle HIV in Women

“We are not saying that India’s structural reform speed will slow down because of elections,” Changyong Rhee, the IMF director of the Asia Pacific Department said.

“What we are saying is that the growth momentum and the structural reform momentum should continue despite the election period. So there is something misquoted,” he added.

On Thursday, IMF Managing Director Christine Lagarde had said at a news conference on Thursday, according to the IMF transcript: “We have seen and we are seeing — I am not sure that we will be seeing in the next few months given the elections that are coming up — major reforms that we had recommended and advocated for a long time.”  IANS

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Diabetic Women at Greater Risk of Developing Cancer Than Men, According to a New Study

Overall, it was calculated that women with diabetes were six per cent more likely to develop any form of cancer than men with diabetes

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The researchers found that women with diabetes were 27 per cent more likely to develop cancer than women without diabetes but for men the risk was 19 per cent higher.
The researchers found that women with diabetes were 27 per cent more likely to develop cancer than women without diabetes but for men the risk was 19 per cent higher. Pixabay

Women suffering from diabetes may be at a higher risk of developing cancer than men, a new study has found.

The findings suggested that among the study participants, women with diabetes (Type 1 and Type 2) were at higher risks for developing kidney cancer (11 per cent), oral cancer (13 per cent), stomach cancer (14 per cent) and leukaemia (15 per cent) compared to men with the similar condition.

Diabetes affects more than 415 million people worldwide, with five million deaths every year.

According to the researchers, it is believed that heightened blood glucose may have cancer-causing effects by leading to DNA damage.

“The link between diabetes and the risk of developing cancer is now firmly established,” said lead author Toshiaki Ohkuma from The George Institute for Global Health in Australia.

They also found that diabetes was a risk factor for the majority of cancers of specific parts of the body for both men and women.
They also found that diabetes was a risk factor for the majority of cancers of specific parts of the body for both men and women. Pixabay

“The number of people with diabetes has doubled globally in the last 30 years but we still have much to learn about the condition,” Ohkuma added.

For the study, published in the journal Diabetologia, the researchers examined data on all-site cancer events (incident or fatal only) from 121 cohorts that included 19,239,302 individuals.

The researchers found that women with diabetes were 27 per cent more likely to develop cancer than women without diabetes but for men the risk was 19 per cent higher.

Also Read: Eating Dinner Early May Lower Risk of Breast, Prostate Cancer

They also found that diabetes was a risk factor for the majority of cancers of specific parts of the body for both men and women.

Overall, it was calculated that women with diabetes were six per cent more likely to develop any form of cancer than men with diabetes.

“It’s vital that we undertake more research into discovering what is driving this, and for both people with diabetes and the medical community to be aware of the heightened cancer risk for women and men with diabetes,” Ohkuma noted. (IANS)