Nmc News

Shetty's 55-page complaint to the probe agencies also includes the names of Bank of Baroda and Federal BankA spokesman for the two former CEOs says the complain is 'a clumsy attempt to distract attention away from the skills and real value added by them to the success of NMC, Finablr'

In his 55-page complaint, Shetty has accused 10 individuals and institutions of financial fraud

According to the charges, Shetty’s firms NMC (UK-listed firm) and Finablr borrowed to the tune of $6.6 billion, including $360 million via convertible bonds and $400 million through Shariah-compliant Sukuk bondsThere are allegations that 60% of these borrowings were not reported by the firm

Shetty, who quit as chairman last month, may sell all or part of Neopharma and use the proceeds to repay loans

For selecting members of the commission, that replaces the Medical Council of India (MCI), health ministry held a draw of lotsThe draw of lot was held from the nominations sent by the state governments, union territories and state medical councils

These seats will be part of the 75 new government medical colleges that were announced last monthThe scheme on establishment of new medical colleges would lead to addition of at least 15,700 MBBS seats in the country

There is reason to believe the NMC will put an end to the existing rigid regulationThe reason for introducing an exit test was to shift towards outcome-oriented regulation

The NMC Act 2019 contemplates a national exit test (NEXT), which would be serving the purpose of NEET

The provision is an interim arrangement till the doctor population is scaled up to the required level in IndiaAccording to Clause 32 of the NMC Bill, there is a provision to issue limited licence to practice at mid-level as community health provider

Health minister Harsh Vardhan meets the striking doctors at his residenceVardhan reiterates that NMC Bill is a big change in the field of medical education which will prove to be a blessing in better health services to 130 crore people