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Some Things Never Change?


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The Economics Of A Medical Degree


This is from the Hyderabad edition of today’s TOI

The reality behind rising number of women medicos in Andhra Pradesh

Bushra Baseerat, TNN | Jul 15, 2012

wealthymatters.comHYDERABAD: If the price tags of management quota seats in medicine are skyrocketing in Andhra Pradesh today it is not simply because the good old sentiment behind taking the Hippocratic oath to serve society remains a compelling call for the educated. An estimated 70% of management quota seats in medical colleges have been cornered by the fairer sex but this heartening trend masks a disturbing reality – a medical degree is coming in handy these days for those looking to snag a good match in the marriage market.

College managements state that a doctor’s certificate often masks the not-so-palatable truth that an MBBS degree fetches girls a “good match” – a key reason why parents shell out big bucks for a medical seat for their daughters. Also responsible for the prevailing management quota seat rates of Rs 50 lakh to Rs 1 crore is the increasing wealth of the state’s elite over the last couple of decades and the post-liberalisation anthem of ‘have money, will buy’ that applies to education as well. Read more of this post

India And Gold


wealthymatters.comThe picture on the right might be what comes first to mind when a lot of people think about India and gold–A bride decked out in gold ornaments.

Here interesting facts about Indians and gold:

India is the world’s largest buyer of gold, accounted for 32% of the global demand in 2010.

India’s annual consumption demand has risen from an average of 300-400 tonnes (1998-2004) to about 900-1,000 tonnes in the last three years (2008-2010).

India’s demand for gold rose by 106% Y-o-Y,in 2010, substantially higher than the 60% recorded by the second-fastest growing market- China.

Indians invest over 11% of the gross savings in gold, against less than 2% by the Chinese. Read more of this post

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