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You think money cannot buy happiness? Science disagrees and reveals the opposite

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People turn happier as they earn more, according to a new study which overturns the dominant thinking that money cannot buy happiness.

The study published in Proceedings of the National Academy of Sciences paper, shows that, on average, larger incomes are associated with ever-increasing levels of happiness.

Two prominent researchers, Daniel Kahneman from Princeton University and Matthew Killingsworth from the University of Pennsylvania, surveyed 33,391 adults aged between 18 and 65 who live in the US, are employed and report a household income of at least $10,000 a year.

For the least happy group, happiness rose with income until $100,000, then showed no further increase as income grew. For those in the middle range of emotional well-being, happiness increases linearly with income, and for the happiest group the association actually accelerates above $100,000.

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“In the simplest terms, this suggests that for most people larger incomes are associated with greater happiness,” said lead author Killingsworth.

“The exception is people who are financially well-off but unhappy. For instance, if you`re rich and miserable, more money won`t help. For everyone else, more money was associated with higher happiness to somewhat varying degrees,” he added.

The researchers said that the study shows both a happy majority and an unhappy minority exist.

For the former, happiness keeps rising as more money comes in; the latter`s happiness improves as income rises but only up to a certain income threshold, after which it progresses no further.

These findings also have real-world implications, according to Killingsworth.

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For one, they could inform thinking about tax rates or how to compensate employees. And, of course, they matter to individuals as they navigate career choices or weigh a larger income against other priorities in life, Killingsworth said.

However, he adds that for emotional well-being money isn`t all. “Money is just one of the many determinants of happiness,” he says. “Money is not the secret to happiness, but it can probably help a bit.”

Also Read: Experts share 5 ways to pursue happiness

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

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Health 360° Partners With Ap In Healthcare, Health News, ET HealthWorld

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Health 360° partners with AP in healthcare

Visakhapatnam: Health 360°, the healthcare division of Australia-based humanitarian group of companies Global 360°, has signed an investment agreement with public entity Andhra Pradesh Medtech Zone Limited (AMTZ). The strategic partnership will help build and develop healthcare facilities in Vizag which will be equipped with world-class facilities and life-saving medical equipment, to be provided by AMTZ.

The first in a series of healthcare projects in the pipeline is a 200-bed greenfield hospital built in two stages with each stage having 100 beds. It is scheduled for completion in mid-2023. The hospital will provide a wide and diverse range of medical specialties and procedures. Health 360° CEO, Dr Guru Yajaman, said: “We are honoured to have AMTZ onboard for this collaboration as we see a valued partner in them. They are one of the leading medical technology manufacturers in the world. This is a massive initiative that is very close to our hearts and consistent with our mission to deliver seamless healthcare experience to the people of India.”

Dr Jitendra Sharma, MD and CEO of AMTZ, said: “We are thrilled to announce that AMTZ is committed to working with Health 360° to revolutionise the healthcare industry. This partnership marks the beginning of a new era in the democratisation of medical technology. This would be the first hospital in India to be operated using only ‘Made in India’ medical equipment.”

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C3 Introduces Innovative Menstrual Hygiene Kit to Empower Young School Girls, Health News, ET HealthWorld

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C3 Introduces Innovative Menstrual Hygiene Kit to Empower Young School Girls

Pataudi, Haryana: To help young girls navigate puberty – which is often a time of significant physical and emotional upheaval – C3 has been working in five schools of Pataudi district, Haryana. The initiative is supported by Open Text, and has been equipping over 1000 adolescent girls with life skills, digital and financial literacy, and information on menstrual health and hygiene.

C3 introduced an unique, first-of-its-kind resource – Navya Kits – to the girls under this intervention. A collection of products and information that would help these young girls understand and manage their periods and dispel myths and taboos surrounding menstruation, these Navya Kits are a cornerstone for adolescent menstrual hygiene. The kits contain six reusable pads (that would last up to 2 years), a hot water bottle for menstrual pain management, a diary with interactive information on menstrual hygiene and taboos, and a detergent bottle that will help the girls wash and re-use their pads. To further supplement wider usage and safe disposal of sanitary napkins, C3 has also begun setting up incinerators in all of the five schools in which the initiative has been running.The Navya kits are also an essential tool for future advocacy around menstrual hygiene, and is something C3 will aim to disseminate through its other adolescent health initiatives as well.

At the launch event, Vandana Nair, Lead, Adolescent and Young People Program at C3, further emphasized the importance of educating young girls about menstrual hygiene, stating that “Menstruation is a natural bodily process that they will likely experience for several decades. By providing them with accurate information and resources, we can help them understand and manage their menstrual cycle and dispel any myths or taboos surrounding menstruation.”

Dr Tanaya Narendra, popularly known as Dr Cuterus, an Instagram influencer with over a million followers and author, was also present at the launch, and interacted directly with the young girls to answer their pressing concerns, to encourage them to have open conversations around menstruation, and providing valuable insights on how young girls can maintain their menstrual health. According to Dr. Cuterus, “this initiative by Centre for Catalyzing Change (C3) is absolutely unique, fun, and important for all the adolescent girls between the ages of 11-13. The products in the Navya kit will help young girls be prepared for their first period and also give them the right information in an engaging manner.

Ms. Pushpanjali Saikia, CSR Lead India from Micro Focus now Open Text, reasserted the need to provide girls with all the necessary information to help them achieve both better health and future success. This includes digital literacy, larger emotional and physical wellbeing, and the confidence to seek out better opportunities and better life choices in today’s increasingly digitized world.

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Government hikes duty on X-ray machine imports to 15 pc from Apr 1, Health News, ET HealthWorld

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Government hikes duty on X-ray machine imports to 15 pc from Apr 1

The government has hiked customs duty on import of X-ray machines and non-portable X-ray generators to 15 per cent with effect from April 1. Currently, portable X-ray machines and non-portable X-ray generators and apparatus attract 10 per cent import duty.

The changes in the customs duty rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday.

The new rates would be effective from April 1, 2023, the amendment said.

AMRG & Associates Senior Partner Rajat Mohan said this is intended to improve barriers to manufacturing in India. “This will encourage ‘Make in India’ to reduce import dependence in the niche sector,” he said.

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