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Speculation is rife that he is also seriously considering other most valuable dramatic and unusual reform measures including possibly abolishing income tax and replacing it with a banking transaction tax. More from the FT: India plans to seize portion of black money deposits “The long-term question is whether [demonetisation] represents a willing shift from conventional economic ta policy,” Rajeev Malik, senior economist at CLSA. “After this particular step, I can’t rule out anything. However, Excessive Or Harsh Exfoliation Can Cause Damage To Your Skin; So You Need To Balance It Out. | Love Lincoln ThompsonThe [ February] budget will pretty much tell us whether this is a starting point for something more unconventional.” Mr Modi has said nothing publicly about the origin of the idea of demonetisation a measure virtually without parallel in contemporary economic history but few believe New Delhi’s official narrative that it was simply acting on the central bank’s advice. Instead, the measure appears to be the brainchild of a little known Pune-based organisation, called Arthakranti, which loosely translates as economic revolution. This group is seeking radical changes to India’s revenue-collecting mechanism. Its volunteers founded and led by former small businessman Anil current events about health Bokil have lobbied politicians for years, and their quest brought them into contact with Mr Modi back when he was still chief minister of Gujarat. Arthakranti advocates restricting cash use and replacing all of India’s taxes with a single, banking transaction tax of 2 per cent on every transaction through the financial system. The recent removal of vast amounts of cash from the economy could, some analysts think, be the start of a sustained effort to realise Arthakranti’s vision. “It seems to appeal to a lot of very radical thinkers,” says Saurabh Mukherjea, chief executive of Ambit Capital. “By reducing cash, you force everybody into the banking system, and every transaction gets taxed.
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If there were two such events during a six-hour time period, the risk of yet another occurrence went up by about 53 percent. Risks were slightly higher when the initial critical illness events occurred at night. Cardiac arrests, urgent ICU transfers or patient deaths were also associated with delayed discharge from the hospital for the other patients on the same unit. “This should serve as a wake-up call for hospital-based physicians,” said study author Matthew Churpek, MD, MPH, PhD, assistant professor of medicine at the University of Chicago. “Our data suggests that after caring for a patient who becomes critically ill on the hospital wards, we should routinely check to see how the other patients on the unit are doing,” Churpek said. “Following these high-intensity events, our to-do list should include a thorough assessment of the other patients on the unit, to make sure none of them are at risk of slipping through the cracks.” Luckily, such events were relatively rare. Nearly 84,000 adult patients were admitted to non-ICU beds at the University of Chicago Medicine from 2009 to 2013. About five percent of those patients were subsequently transferred to an intensive-care unit (4,107) or experienced an in-hospital cardiac arrest (179). Patients who had a cardiac arrest or required ICU transfer tended to be a few years older and male. They had been in the hospital, on average, for 13 days, four times longer than patients who did not have a critical-illness event. “We suspected this phenomenon based on our own anecdotal experience,” said co-author Samuel Volchenboum, MD, PhD, associate professor of pediatrics at the University of Chicago and director of the University’s Center Nice sentiments for Research Informatics.
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