Latest news with #BSD
Fashion Value Chain
6 days ago
- Health
- Fashion Value Chain
Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune, conferred with the 'Best BSD Award' and 'Best Organ Transplant Coordinator Award'
Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune has been honored with the 'Best Brain Stem Death (BSD) Team in Maharashtra' and 'Best Organ Transplant Coordinator Award' for its remarkable contribution in the field of organ donation and transplantation. (L to R): Dr. Vrushali Patil, Dr. H.H. Chavan, Dr. Yashraj Patil, Dr. Eknath Pawar and Mr. Prakashrao Abitkar The awards were presented at a special felicitation ceremony organized by ROTTO-SOTTO (Regional cum State Organ and Tissue Transplant Organization – Western Region & Maharashtra) on the occasion of Indian Organ Donation Day. Hon'ble Mr. Prakashrao Abitkar, Minister of Public Health & Family Welfare, Government of Maharashtra presented the award to Dr. Yashraj Patil, Trustee & Treasurer, Dr. D. Y. Patil Vidyapeeth, Pimpri, Pune. Also present on the occasion were Dr. H.H. Chavan, Medical Superintendent and Dr. Vrushali Patil, Director, Organ Donation & Transplant Department of Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune. In the same event, Vasanti Musalde and Alishiba Wakde from the hospital were felicitated with the Best Organ Transplant Coordinator Award for their outstanding efforts. The ceremony was graced by Hon'ble Mr. Prakashrao Abitkar, Minister of Public Health & Family Welfare, Government of Maharashtra; Dr. Akash Shukla, Director, ROTTO-SOTTO; Dr. Sangeeta Rawat, Dean, Seth G.S. Medical College & KEM Hospital; and Deans of various medical colleges. 'To accelerate the organ donation movement, every individual must come forward. We must highlight the possibility of a healthy and fulfilling life post-transplant. Creating public awareness about organ donation is crucial,' said Mr. Prakashrao Abitkar. He added, 'It's encouraging to see many social organizations and hospitals bringing about a positive shift in public mindset through awareness campaigns.' He congratulated all the award recipients. Dr. P. D. Patil, Chancellor, Dr. D. Y. Patil Vidyapeeth, Pimpri, Pune, expressed, 'This award further strengthens our organ donation and transplant mission. We will continue this initiative with dedication. The recognition by ROTTO-SOTTO and the government has taken our efforts to greater heights.' He congratulated the entire team for this achievement. Dr. Bhagyashree Patil, Pro-Chancellor, Dr. D. Y. Patil Vidyapeeth, Pimpri, Pune, stated, 'Our hospital's work in organ donation and transplantation is proving to be life-saving for many patients. The brave decisions taken by donor families are giving strength to this mission. With world-class facilities, experienced doctors and dedicated counsellors, our campaign is gaining momentum. This award is a testament to our consistent efforts.' Dr. Yashraj Patil, Trustee and Treasurer, Dr. D. Y. Patil Vidyapeeth, Pimpri, Pune, said, 'This recognition brings with it greater responsibility. In the future, we aim to make significant advancements in transplant surgeries involving the liver, kidneys, pancreas, eyes, heart and lungs. Our goal is to save more lives through organ donation awareness campaigns. Being recognized as Maharashtra's Best Brain Stem Death (BSD) Team is a moment of great pride for us. This achievement is a symbol of the tireless efforts and dedicated teamwork of all our doctors, nurses and staff.' The award ceremony was held at the Dr. Sen and Dr. Kinare Auditorium, Seth G.S. Medical College & KEM Hospital, Parel, Mumbai. About Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune follows international benchmarks that are performance-driven as well as patient-centric, strongly backed by evidence-based medical expertise. We are NABH and NABL accredited and have been certified as a Green Hospital by the Association of Healthcare Providers India (AHPI). Additionally, we hold the 11th rank in the National Institutional Ranking Framework (NIRF). The university has been awarded A++ status by the National Assessment and Accreditation Council (NAAC) and is an ISO 2015 certified organization (ISO 9001: 2015). For more information visit Facebook: Dr D Y Patil Medical College, Hospital and Research Centre Instagram:
USA Today
05-08-2025
- Sport
- USA Today
Renato Moicano: 'Not any chance' Mauricio Ruffy loses to Benoit Saint Denis
Renato Moicano thinks Mauricio Ruffy will make quick work of Benoit Saint Denis. Rising lightweight contenders Ruffy (12-1 MMA, 3-0 UFC) and Saint Denis (14-3 MMA, 6-3 UFC) square off on Sept. 6 at UFC Fight Night 258 from Accor Arena in Paris. Moicano's most recent win came in a beatdown of Saint Denis in the UFC Fight Night 243 headliner last September. He was asked about the potential of facing Ruffy should he lose to Saint Denis, but Moicano doesn't even see that as a possibility. "I don't think that card is on the table. I don't think Ruffy is losing to BSD," Moicano said on "The Ariel Helwani Show." "Not any chance. I think he will knock BSD out in the first round. I think Ruffy, he is the future of the lightweight division. He's pretty good. I know he was not tested but because a lot of stuff was going on. Bobby Green isn't an easy guy to knock out like that, and he did it in the first round. Of course, Bobby Green is a little bit older right now, but I think Ruffy is the real deal." The Fighting Nerds' Ruffy is coming off a spinning wheel kick knockout of King Green at UFC 313 in March. Meanwhile, after his stoppage loss to Moicano, Saint Denis rebounded with a submission of short-notice replacement Kyle Prepolec at UFC 315 in May.
Time of India
04-08-2025
- Health
- Time of India
PGIMER Chandigarh clinches National Award for Best ROTTO once again
Reinforcing its national leadership in the field of cadaver organ donation, PGIMER Chandigarh has once again clinched the Best ROTTO Award for the second consecutive year marking its third national win since the inception of the award in 2019 . The accolade was presented at the 15th Indian Organ Donation Day celebrations at the iconic Dr. B.R. Ambedkar International Centre, New Delhi , under the aegis of the National Organ & Tissue Transplant Organisation (NOTTO). Union Minister of Health & Family Welfare and Minister of Chemicals & Fertilizers, Jagat Prakash Nadda, was the chief guest. The award was received by the delegation from PGIMER, led by Prof. Vivek Lal, Director, PGIMER, accompanied by Pankaj Rai , Deputy Director (Administration), Prof (Dr) Vipin Koushal, Medical Superintendent and Nodal Officer, ROTTO PGIMER, and Saryu D. Madra, Consultant (IEC/Media). The high-profile national celebration drew participation from across the country, including , secretaries from various states, heads of major institutions, civil society organizations, NGOs, and transplant coordinators—making it a momentous gathering of India's most committed voices in organ donation advocacy. Also present were senior officers from the Ministry of Health & Family Welfare, including Nivedita Gupta, Secretary, Dr. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like M3M Great Freedom Sale – The Biggest Property Sale in India M3M India Book Now Undo Sunita Gaur, Director General of Health Services (DGHS), and Vivek Nehra, Joint Secretary. PGIMER Chandigarh was also honoured with the award for the Best Brain Stem Death (BSD) Declaration Team, recognizing the institute's unwavering adherence to transparent, timely, and ethically sound donor identification and management protocols. The award was received by a distinguished team led by Prof Vivek Lal, and comprising Prof. Vipin Koushal, Prof Kajal Jain, Prof Rajesh Chhabra, Prof Ashish Sharma, Dr. Rajeev Chauhan, Dr. Hemant Bhagat, and Dr Shanky Singh. Prof. Vivek Lal, Director, PGIMER, said, 'This recognition is not just a reflection of our achievements, but also of our commitment to a cause that saves lives. It reaffirms the trust placed in PGIMER's ROTTO North by donor families, transplant teams, and the government alike. Our mission is rooted in service, and awards like these inspire us to aim higher every year.' Added, Prof. Vipin Koushal, Superintendent cum Nodal Officer, ROTTO PGIMER, 'This award is a collective victory—for our teams, for the donor families, and for the countless recipients whose lives have been transformed. It's a powerful reminder that organ donation is not just a medical act, but a profound act of humanity.' An emotional moment was the felicitation of a heart recipient, along with his parents, whose presence served as a compelling human testimony to the life-changing potential of organ donation and brought into sharp focus the reason behind every effort made in this domain. With this, ROTTO PGIMER Chandigarh has now won the Best ROTTO Award thrice—in 2019, 2024, and 2025.
Business Times
04-08-2025
- Business
- Business Times
Stamp duty takings up 9.5% to S$6.4 billion in FY2024 after two years of decline
[SINGAPORE] Stamp duty revenue collected in the government's financial year ended March 2025 rose 9.5 per cent to S$6.4 billion, increasing after two straight years of falling takings as transaction volume and value rose. The FY2024 total, based on revised unaudited estimates from the Accountant-General's Department, is 12 per cent higher than an earlier projection of S$5.7 billion for the period April 2024 to March 2025. It also comes close to the all-time high of S$6.76 billion collected in FY2021. The government's stamp duty takings include buyer's stamp duty (BSD) collected on all property purchases and leasing transactions, and additional buyer's stamp duty (ABSD) charged on residential property purchases by individuals and entities as well as developers' purchases of land for housing development. Data compiled by property agency Huttons for The Business Times indicate that overall property transactions rose 16.2 per cent to 59,766 units in FY2024, from 51,433 units in the previous year. The total includes private properties, executive condominiums (ECs), resale HDB flats as well as commercial and industrial units. Rental transactions, meanwhile, inched up 1.3 per cent to 166,246, from 164,124 in FY2023. Stamp duty revenue is on the rise after two years of shrinking takings. Transaction volume fell in FY2023 and FY2022 after higher ABSD rates were implemented in two rounds of market cooling measures – first in December 2021, then raised sharply in April 2023. The higher stamp duty takings in FY2024 may have been driven by robust new launch sales, said Wong Xian Yang, research head for Singapore and South-east Asia at Cushman & Wakefield. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Christine Sun, chief researcher & strategist of the Realion Group, said 8,680 new homes (excluding ECs) were sold in FY2024, a 37.1 per cent increase from the 6,329 sold in FY2023. More resale homes were also sold, with 14,929 units sold between April 2024 and March 2025, a 31 per cent increase from the year ago period. Overall, there were 24,981 private residential units sold in FY2024, a 30.4 per cent increase from 19,153 homes sold in FY2023, Lee Sze Teck, senior director of data analytics at real estate agency Huttons Asia said. 'A shift in market sentiment due to cuts in interest rates boosted sales in Q4 2024 and Q1 2025,' he added. Moreover, home prices continued to rise in 2024, and increasing transaction values would have resulted in higher stamp duties collected, Sun said. Data from the Urban Redevelopment Authority (URA) showed private home prices rose 3.9 per cent for the full year in 2024, after rising 6.8 per cent in 2023 and 8.6 per cent in 2022. Transaction values across the private residential market (including ECs) in 2024 amounted to S$54.7 billion, about 15 per cent higher than the S$47.2 billion recorded in 2023, said Chua Yang Liang, JLL's head of research and consultancy for South-east Asia. While steep hikes in ABSD rates applying to foreigners led to a plunge in foreign buying, more purchases by Singapore citizens and permanent residents 'may have more than offset the decline in stamp duties collected from foreigners', said Huttons' Lee. Only 1 per cent of private homes (including ECs) purchased in FY2024 were bought by foreigners, down from 1.8 per cent in FY2023, Huttons data showed. PRs accounted for 13.8 per cent of the purchases were by permanent residents, a smaller share from the 15.2 per cent in the year before. 'The poor sales in the Central Business District and prime properties indicate that repeated increases in ABSD have led to structural shifts in the residential market, primarily the moderation in foreigner demand, and investment demand for properties that rely on rental yields,' said Tricia Song, CBRE's head of research for South-east Asia. However, the higher value of government land sales (GLS) transacted in FY2024 could have contributed to an increase in stamp duty collected for FY2024, she said. Developers pay an upfront non-remissable ABSD component of 5 per cent on land purchases. The value of GLS sites sold in the FY2024 period totalled around S$10.3 billion, 13.3 per cent higher than the S$9.1 billion sold in FY2023, according to CBRE Research. For the current financial year FY2025, the government has estimated that stamp duty collection will fall 7 per cent to S$5.9 billion. Stamp duty collection could be slightly lower this year, as the number of private resale transactions may fall, said Realion's Sun. She estimates that 12,000 to 14,000 resale homes could be sold in 2025, fewer than the 14,053 resale homes (excluding ECs) transacted in 2024. 'This is because fewer condos were completed over the past year, which may have resulted in fewer available units being listed for sale.' Realion anticipates that HDB resale volume may dip slightly as well, from 28,986 units in 2024 to an estimated 27,000 to 28,000 units this year. PropertyGuru's Lee noted that Singapore's economy is expected to grow at a slower pace amid evolving global uncertainties, leading to more cautious buyer sentiment. 'However, the strong take-up observed in recent new launches suggests that many buyers have begun to normalise the uncertainty and recalibrate their expectations accordingly,' added Lee. This year, the Core Central Region (CCR) will also see the largest number of units launched since 2021, said Huttons' Lee. The higher prices of prime location properties 'may pull up the overall quantum of transactions subject to stamp duties'. Property tax revenue rises Meanwhile, the government is estimated to have collected S$6.7 billion in property tax in FY2024, a 12.9 per cent increase from S$5.9 billion in FY2023. The tally is just a shade above the budgeted estimate of S$6.67 billion for the year. Property tax is charged based on the annual value (AV) of the property, which is assessed based on the estimated annual rent if the property was rented out. In January 2024, the property tax rate for owner-occupied homes with AVs in excess of S$30,000 was increased to between 6 per cent and 32 per cent. In 2023, the rates were between 5 per cent and 23 per cent. For non-owner-occupied properties, including investment properties, property tax was raised to between 12 per cent and 36 per cent in 2024 from 11 per cent to 27 per cent in 2023. The rise in property tax revenue could be attributed to the higher rates and rising valuations, said Dr Lee Nai Jia, head of real estate intelligence at PropertyGuru. The AVs of HDB flats have also been increased with effect from January 2024 to reflect a rise in market rents, said Realion's Sun. After surging 29.7 per cent in 2022 and rising another 8.7 per cent in 2023, private residential rents fell by 1.9 per cent in the 2024. There were 89,355 private residential units rented in FY2024, a 6.3 per cent increase from the 84,037 units rented in FY2023, Cushman's Wong said. In the HDB market, the number of flats rented out dipped 5 per cent to 36,937 from 38,879 in the year before. Some 27,499 commercial units were leased, a slight decrease from 28,579 units before. There were 12,455 industrial units rented in FY2024, down 1.4 per cent from 12,629 in FY2023. For the current financial year (from April 2025 to March 2026), property tax collection is likely to remain stable or see a moderate increase, supported by a relatively resilient rental market that appears to have reached equilibrium, said PropertyGuru's Lee. Realion's Sun projects market rents in 2025 to rise modestly by up to 2 per cent for both the HDB and private home markets. The Ministry of Finance has set a budgeted estimate of S$6.9 billion for property tax revenue for FY2025, which is 3 per cent higher than FY2024's revised estimates. In total, the government is expected to collect S$104.7 billion in tax revenue for FY2024, 11 per cent higher than the S$94.3 billion collected in FY2023. Total tax revenue is estimated to reach S$110 billion in the current fiscal year.
Business Times
03-08-2025
- Business
- Business Times
Property stamp duty takings up 9.5% at S$6.4 billion in FY2024 after two years of declines
[SINGAPORE] Property stamp duty revenue collected in the government's financial year ended March 2025 rose 9.5 per cent to S$6.4 billion, increasing after two straight years of falling takings as transaction volume and value rose. The FY2024 total, based on revised unaudited estimates from the Accountant-General's Department, is 12 per cent higher than an earlier projection of S$5.7 billion for the period April 2024 to March 2025. It also comes close to the all-time high of S$6.76 billion collected in FY2021. The government's stamp duty takings include buyer's stamp duty (BSD) collected on all property purchases and leasing transactions, and additional buyer's stamp duty (ABSD) charged on residential property purchases by individuals and entities as well as developers' purchases of land for housing development. Data compiled by property agency Huttons for The Business Times indicate that overall property transactions rose 16.2 per cent to 59,766 units in FY2024, from 51,433 units in the previous year. The total includes private properties, executive condominiums (ECs), resale HDB flats as well as commercial and industrial units. Rental transactions, meanwhile, inched up 1.3 per cent to 166,246, from 164,124 in FY2023. Stamp duty revenue is on the rise after two years of shrinking takings. Transaction volume fell in FY2023 and FY2022 after higher ABSD rates were implemented in two rounds of market cooling measures – first in December 2021, then raised sharply in April 2023. The higher stamp duty takings in FY2024 may have been driven by robust new launch sales, said Wong Xian Yang, research head for Singapore and South-east Asia at Cushman & Wakefield. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Christine Sun, chief researcher & strategist of the Realion Group, said that 8,680 new homes (excluding ECs) were sold in FY2024, a 37.1 per cent increase from the 6,329 sold in FY2023. More resale homes were also sold, with 14,929 units sold between April 2024 and March 2025, a 31 per cent increase from the year ago period. Overall, there were 24,981 private residential units sold in FY2024, a 30.4 per cent increase from 19,153 homes sold in FY2023, Lee Sze Teck, senior director of data analytics at real estate agency Huttons Asia, said. 'A shift in market sentiment due to cuts in interest rates boosted sales in Q4 2024 and Q1 2025,' he added. Moreover, home prices continued to rise in 2024, and increasing transaction values would have resulted in higher stamp duties collected, Sun said. Data from the Urban Redevelopment Authority (URA) showed private home prices rose 3.9 per cent for the full year in 2024, after rising 6.8 per cent in 2023 and 8.6 per cent in 2022. Transaction values across the private residential market (including ECs) in 2024 amounted to S$54.7 billion, about 15 per cent higher than the S$47.2 billion recorded in 2023, said Chua Yang Liang, JLL's head of research and consultancy for South-east Asia. While steep hikes in ABSD rates applying to foreigners led to a plunge in foreign buying, more purchases by Singapore citizens and permanent residents (PRs) 'may have more than offset the decline in stamp duties collected from foreigners', said Huttons' Lee. Only 1 per cent of private homes (including ECs) purchased in FY2024 were bought by foreigners, down from 1.8 per cent in FY2023, Huttons data showed. PRs accounted for 13.8 per cent of the purchases were by permanent residents, a smaller share from the 15.2 per cent in the year before. 'The poor sales in the Central Business District and prime properties indicate that repeated increases in ABSD have led to structural shifts in the residential market, primarily the moderation in foreigner demand, and investment demand for properties that rely on rental yields,' said Tricia Song, CBRE's head of research for South-east Asia. However, the higher value of government land sales (GLS) transacted in FY2024 could have contributed to an increase in stamp duty collected for FY2024, she added. Developers pay an upfront non-remissable ABSD component of 5 per cent on land purchases. The value of GLS sites sold in the FY2024 period totalled around S$10.3 billion, 13.3 per cent higher than the S$9.1 billion sold in FY2023, according to CBRE Research. For the current financial year FY2025, the government has estimated that stamp duty collection will fall 7 per cent to S$5.9 billion. Stamp duty collection could be slightly lower this year, as the number of private resale transactions may fall, said Realion's Sun. She estimates that 12,000 to 14,000 resale homes could be sold in 2025, fewer than the 14,053 resale homes (excluding ECs) transacted in 2024. 'This is because fewer condos were completed over the past year, which may have resulted in fewer available units being listed for sale.' Realion anticipates that HDB resale volume may dip slightly as well, from 28,986 units in 2024 to an estimated 27,000 to 28,000 units this year. PropertyGuru's Lee noted that Singapore's economy is expected to grow at a slower pace amid evolving global uncertainties, leading to more cautious buyer sentiment. 'However, the strong take-up observed in recent new launches suggests that many buyers have begun to normalise the uncertainty and recalibrate their expectations accordingly,' added Lee. This year, the Core Central Region (CCR) will also see the largest number of units launched since 2021, said Huttons' Lee. The higher prices of prime location properties 'may pull up the overall quantum of transactions subject to stamp duties'. Property tax revenue rises Meanwhile, the government is estimated to have collected S$6.7 billion in property tax in FY2024, a 12.9 per cent increase from S$5.9 billion in FY2023. The tally is just a shade above the budgeted estimate of S$6.67 billion for the year. Property tax is charged based on the annual value (AV) of the property, which is assessed based on the estimated annual rent if the property was rented out. In January 2024, the property tax rate for owner-occupied homes with AVs in excess of S$30,000 was increased to between 6 per cent and 32 per cent. In 2023, the rates were between 5 per cent and 23 per cent. For non-owner-occupied properties, including investment properties, property tax was raised to between 12 per cent and 36 per cent in 2024 from 11 per cent to 27 per cent in 2023. The rise in property tax revenue could be attributed to the higher rates and rising valuations, said Dr Lee Nai Jia, head of real estate intelligence at PropertyGuru. The AVs of HDB flats have also been increased with effect from January 2024 to reflect a rise in market rents, said Realion's Sun. After surging 29.7 per cent in 2022 and rising another 8.7 per cent in 2023, private residential rents fell by 1.9 per cent in 2024. There were 89,355 private residential units rented in FY2024, a 6.3 per cent increase from the 84,037 units rented in FY2023, Cushman's Wong said. In the HDB market, the number of flats rented out dipped 5 per cent to 36,937 from 38,879 in the year before. Some 27,499 commercial units were leased, a slight decrease from 28,579 units before. There were 12,455 industrial units rented in FY2024, down 1.4 per cent from 12,629 in FY2023. For the current financial year (from April 2025 to March 2026), property tax collection is likely to remain stable or see a moderate increase, supported by a relatively resilient rental market that appears to have reached equilibrium, said PropertyGuru's Lee. Realion's Sun projects market rents in 2025 to rise modestly by up to 2 per cent for both the HDB and private home markets. The Ministry of Finance has set a budgeted estimate of S$6.9 billion for property tax revenue for FY2025, which is 3 per cent higher than FY2024's revised estimates. In total, the government is expected to collect S$104.7 billion in tax revenue for FY2024, 11 per cent higher than the S$94.3 billion collected in FY2023. Total tax revenue is estimated to reach S$110 billion in the current fiscal year.
