Tag: Outline

Emirates Oncology Society hosted a panel discussion to outline guidelines for diagnosis and treatment of prostate cancer

Dubai, UAE: Around 4,500 cases of cancer are reported in a year in the UAE and the country aims to bring down cancer fatalities to nearly 18 per cent by 2021. Reducing the number of deaths due to prostate cancer is one of the key performance indicators of the pillar of world-class health care of the UAE National Agenda. This was a key topic at a recently held panel discussion that focused on management of prostate cancer patients held by Emirates Urological Society.

The panel discussion witnessed the presence of several key experts. Moderating the panel discussion was Dr Humaid Al Shamsi, President of Emirates Oncology Society (EOS). He was joined by other experts including Dr Neal Shone, Dr Jawaher Ali Ansari and Dr Yasser Farhat.

“Early detection is key to managing prostate cancer. When the disease is in its initial stages (0-II), less aggressive treatment is needed, and the survival rate is almost 100 percent. However, if left undetected and allowed to progress to other areas in the body, the five-year survival rate drops significantly to 30 percent,” said Dr Shamsi.

Elaborating on the need to increase awareness about this cancer that affects men, he said, “Every male above the age of 45 must take a prostate-specific antigen (PSA) test. A PSA test is a simple blood test which is used to screen for prostate cancer, helping with early detection.”

At the panel discussion, panellists were offered an opportunity to hear directly from patients of prostate cancers. The summit focused on the often-overlooked emotional burden of the disease, with the aim of allowing the parties to establish a needs-based support programme to address ways of improving cancer patients’ day-to-day quality of life.

In addition, the discussion also highlighted UAE’s efforts in introducing advanced technology to treat cancer, as well as brought to focus latest trends, enhanced facilities and deployment of experts by the UAE which has been a key force in aiding patients with the right treatment.

Symptoms of prostate cancer usually appear during the late stages of the disease, as such experts at the panel encouraged a screening via genetic testing for men with a strong family history of cancer – such as prostate, breast, pancreatic or colon cancer – in order to better understand their risk.

-Ends-

© Press Release 2020

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Top India Court Asks Government to Outline Interest Waiver Plans

(Bloomberg) — India’s top court asked the government and banks how they plan to waive deferred interest on loans for small borrowers and whether similar relief measures could be provided to other sectors.



a large clock tower towering over a city at night: A metro train travels along an elevated track as residential buildings stand in the background at night in the outskirts of New Delhi, India, on Sunday, July 7, 2019. India's new Finance Minister Nirmala Sitharaman resisted calls for a fiscal boost to spur a weakening economy, sticking instead to a plan to narrow the budget deficit over time by keeping spending in check.


© Bloomberg
A metro train travels along an elevated track as residential buildings stand in the background at night in the outskirts of New Delhi, India, on Sunday, July 7, 2019. India’s new Finance Minister Nirmala Sitharaman resisted calls for a fiscal boost to spur a weakening economy, sticking instead to a plan to narrow the budget deficit over time by keeping spending in check.

The Supreme Court on Monday asked lawyers from the government and Reserve Bank of India to submit information on the measures they plan to take on waiving some of the interest and recasting loans for stressed borrowers. The court will listen to this feedback on Oct. 13.

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Prime Minister Narendra Modi’s government will pay the “interest on interest” on loans of as much as 20 million rupees ($273,000) for the duration of the Reserve Bank of India-authorized repayment holiday that ended on Aug. 31, according to an affidavit filed by the Ministry of Finance in the Supreme Court on Friday.

Groups of borrowers, including industry bodies for real estate and power producers, have approached the top court seeking a waiver on compounded interest and an extension of the repayment holiday.

Banks and home finance companies have been imposing charges on both the principal and the interest, which translated into repayment periods being extended by more than six months.

Relief Measures

The waiver comes after the Supreme Court asked the Modi administration to assess the impact of the coronavirus pandemic on the economy and come up with proposals for relief measures.

The Reserve Bank of India has taken a number of unprecedented steps to help borrowers facing a cash crunch after the world’s strictest lockdown shuttered businesses and left millions jobless. The moratorium, however, allowed lenders to impose additional interest over the repayment holiday. Subsequently, the RBI allowed banks to restructure loans without having to classify them as non-performing for the next two years.

Read about debt relief panel adding to uncertainty bad loans

India’s main banking gauge was trading up 1.5% at 12:55 p.m. in Mumbai on Monday.

‘Hanging Sword’

The government’s decision to pay the compounded interest “comes as a relief,” said Abhimanyu Sofat, head of research at Mumbai-based IIFL Securities Ltd. The uncertainty on the issue was like a “hanging sword for lenders.”

Read: End of Loan Holiday Threatens Pain, Defaults for Indian Business

Banks will have to forgo 6 trillion rupees if interest on all loans are waived off, according to the government’s affidavit. That will wipe out a substantial part of lenders’ net worth and could raise questions on their survival, it said.

India’s banks — already weakened by a two-year-old shadow lending crisis — are seeking more guidance from the regulator on how to battle one of the world’s worst bad loan ratios.

Read: India’s

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