Budget 2025: Healthcare industry wants tax cuts on insurance premiums and increased budget allocation
2 months, 1 week ago

Budget 2025: Healthcare industry wants tax cuts on insurance premiums and increased budget allocation

India TV News  

Budget 2025: As the government is all set to present the Union Budget 2025 on February 1, industry stakeholders are anticipating reforms to drive growth in the healthcare sector. Key demands include increased government funding to tackle critical challenges, enhanced healthcare expenditure, and the expansion of public health initiatives. "For the 2025 budget we are expecting that the government will reduce taxation on health insurance, as premiums are often higher for women due to their higher healthcare costs. "Our expectations from the government are to prioritize policies that not only unlock the immense potential of the healthcare industry but also ensure long-term sustainability, inclusivity, and global recognition," he said.

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History of this topic

Raja Venkatraman reviews top sectors from this Budget and recommends a stock from each sector for today — 3 February
1 month, 3 weeks ago

Raja Venkatraman reviews top sectors from this Budget and recommends a stock from each sector for today — 3 February

Live Mint  

On February 1, the market displayed a fair amount of volatility, with the benchmark indices showing mixed movements. Sectors to watch out for in 2025 Automotive The Union Budget 2025 introduces significant reforms to boost India's auto sector. Overall, the Union Budget 2025 aims to accelerate the transition towards cleaner, more sustainable mobility while supporting domestic manufacturing, innovation, and economic …

Opinion: Union Budget 2025 — 'Modinomics' At Its Best
1 month, 3 weeks ago

Opinion: Union Budget 2025 — 'Modinomics' At Its Best

ABP News  

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on Saturday, is yet another milestone in India’s economic transformation under Prime Minister Narendra Modi. The focus on renewable energy infrastructure, especially green hydrogen and solar power corridors, reaffirms India’s commitment to sustainable growth. It reflects PM Modi’s governance philosophy — build robust infrastructure, empower the middle class, uplift the …

BJP hails Union Budget 2025-26 as ‘Developed India’ Budget
1 month, 3 weeks ago

BJP hails Union Budget 2025-26 as ‘Developed India’ Budget

Deccan Chronicle  

Vijayawada:AP BJP president and Rajahmundry MP Daggubati Purandeswari praised the Union Budget 2025-26, calling it a people-centric budget that will drive economic growth and benefit all sectors, including agriculture, MSMEs, women, and youth. Health Minister Satya Kumar Yadav welcomed the 12.9% budget increase for healthcare and lauded key initiatives like telemedicine, digital diagnostics, AI-based services, and broadband expansion in primary …

Watch: Union Budget 2025 | What’s in it for health sector?
Trending News
1 month, 3 weeks ago

Watch: Union Budget 2025 | What’s in it for health sector?

The Hindu  

The Union Budget 2025-26 has brought several key developments for the health sector. This year’s budget sees an enhanced allocation, a commitment to adding 75,000 medical seats over the next five years, cheaper medicines for cancer, rare diseases, and chronic ailments, as well as the expansion of Ayushman Bharat to include gig workers. One of the most significant highlights is …

Union Budget 2025: A responsive Budget that banks on India
Trending News
1 month, 3 weeks ago

Union Budget 2025: A responsive Budget that banks on India

The Hindu  

The Union Finance Minister has delivered a growth-oriented budget that reaffirms the government’s commitment to attain the larger purpose of ‘Viksit Bharat’, with progressive policies to step up domestic consumption while driving long-term transformation. Union Budget 2025 industry reactions highlights The single most important highlight of this Budget is the increase in income tax exemption to ₹12 lakh, which will …

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways
1 month, 3 weeks ago

Budget 2025: Modi govt's big income tax relief to middle class| Key takeaways

Hindustan Times  

Prime Minister Narendra Modi’s government presented an annual budget to Parliament on Saturday that focused on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing. In her budget speech, Finance Minister Nirmala Sitharaman said the government is focused on boosting private investment to strengthen growth, increasing funding in the agriculture sector and …

Budget 2025: Significant Tax Cuts and Reforms to Empower Middle Class and Boost Economy | ABP NEWS
1 month, 3 weeks ago

Budget 2025: Significant Tax Cuts and Reforms to Empower Middle Class and Boost Economy | ABP NEWS

ABP News  

The recent Indian Union Budget presented by Finance Minister Nirmala Sitharaman brings significant tax relief to the middle class. For those earning between ₹12 lakh and ₹16 lakh, the tax rate will be 15%, and it increases incrementally for higher income brackets, with a maximum of 30% for incomes above ₹24 lakh. Key announcements include opening the atomic energy sector …

Budget 2025: Here Are The 6 Domains Where Reforms Will Be Initiated, As Per FM Nirmala Sitharaman
Top News
1 month, 3 weeks ago

Budget 2025: Here Are The 6 Domains Where Reforms Will Be Initiated, As Per FM Nirmala Sitharaman

ABP News  

Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament today, marking yet another milestone in her notable tenure. The Budget sets a transformative agenda with six key focus areas: taxation, urban development, mining, financial sector, power, and regulatory reforms. Budget 2025: Key Announcements & Reforms Boost for Middle Class: Acknowledging the contribution of the middle class …

Budget 2025: Will government raise basic exemption limit and cut income tax?
1 month, 3 weeks ago

Budget 2025: Will government raise basic exemption limit and cut income tax?

India Today  

Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1, and one of the most awaited announcements will be the tax relief measures for salaried individuals and middle-class taxpayers. Experts believe the budget could bring changes in income tax slabs, raise the basic exemption limit, and deductions under the new tax regime, and deadlines for tax filing, …

Budget 2025: Innovation push, tax sops —here’s what fintech players expect from FM Sitharaman on February 1
2 months ago

Budget 2025: Innovation push, tax sops —here’s what fintech players expect from FM Sitharaman on February 1

Live Mint  

Unless you are living under a rock, you would be aware that Union Finance Minister Nirmala Sitharaman will announce Budget 2025 on February 1. These thousands of young Indian businesses hold great growth potential but need timely and accessible capital infusion,” said Sankarsh Chanda, Founder and CEO of Savart, a firm that provides investment advisory services. “We hope the Budget …

Why Union Budget 2025 can enhance insurance and healthcare access for all
2 months ago

Why Union Budget 2025 can enhance insurance and healthcare access for all

Firstpost  

While we are getting ready for the forthcoming budget, it is the time to address reforms that might make insurance and healthcare more inclusive, reasonably priced, and easily available. Reducing GST rates on health and life insurance premiums will assist to relieve family financial load and provide these important protections within the reach of more households. Further improving access to …

Budget 2025: Healthcare experts hope for less GST on medical insurance, funding for paediatric care and more
2 months ago

Budget 2025: Healthcare experts hope for less GST on medical insurance, funding for paediatric care and more

India TV News  

Union Finance Minister Nirmala Sitharaman is going to present the Union Budget on February 1, 2025. Less GST on medical insurance According to experts, if the government increases the Budget of public health facilities and gives incentives to the private sector to help, then the common man can get better health services. As per Business Today reports, according to the …

Union Budget 2025: StockGro’s Chahat Aggarwal expects a growing pharmaceutical industry
2 months ago

Union Budget 2025: StockGro’s Chahat Aggarwal expects a growing pharmaceutical industry

Live Mint  

The pharmaceutical industry in India holds global relevance, with India exporting products to more than 200 countries. Aggarwal believes that the growth of the Pharmaceutical industry is “driven by increasing healthcare awareness, patent expirations, and government initiatives like the PLI scheme”. Industry experts and pharma companies are anticipating the following parameters in the Union Budget 2025 for the promotion of …

Budget 2025: Measures to improve accessibility, affordability are among 3 key expectations to benefit Diagnostics firms
2 months ago

Budget 2025: Measures to improve accessibility, affordability are among 3 key expectations to benefit Diagnostics firms

Live Mint  

Budget 2025: The Expectations are rising over the steps that will be taken in order to support the diagnostic industry as Finance Minister Nirmala Sitharaman prepares to release the Union Budget for fiscal 2025–2026 on February 1. Targeted investments in these regions, bolstered by public-private partnerships, have the potential to address significant gaps and render quality diagnostics accessible to underserved …

Budget 2025: How can government make healthcare more affordable
2 months, 1 week ago

Budget 2025: How can government make healthcare more affordable

India Today  

All eyes are set on February 1, as the Finance Minister Nirmala Sitharaman is scheduled to unveil the Budget 2025. These challenges hinder the full realisation of a healthier, more resilient population.” He added, “A key step in this direction would be rationalising the GST from the current 18% on health and wellness products, including dietary supplements.” EXPANDING GST EXEMPTIONS …

Budget 2025: How much hike can be expected in defense allocation, and where will the focus lie?
Trending News
2 months, 1 week ago

Budget 2025: How much hike can be expected in defense allocation, and where will the focus lie?

India TV News  

Budget 2025: Finance Minister Nirmala Sitharaman is set to present her 8th Union Budget on February 1, 2025. Continuing its emphasis on modernisation and self-reliance, the government allocated Rs 6.22 lakh crore to defence in FY 2024-25 -- a 4.79% increase over the previous year. In the interim budget of July 2024, the government allocated Rs 1.72 lakh crore for …

Budget 2025: 5 key expectations from India's insurance sector
2 months, 1 week ago

Budget 2025: 5 key expectations from India's insurance sector

India Today  

The Union Budget 2025 is expected to play an important role in shaping India’s insurance sector. This can allow them to focus on product innovation and customer service.” FDI REFORMS The insurance sector hopes for simplified procedures for Foreign Direct Investment, as increasing FDI limits could bring in more capital. "The Union Budget 2025 presents a significant opportunity for growth …

Budget 2025: Why is it crucial to increase India's military spending amid global instabilities? Explained
2 months, 1 week ago

Budget 2025: Why is it crucial to increase India's military spending amid global instabilities? Explained

India TV News  

Budget 2025: As Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget 2025 in the Lok Sabha on February 1, the nation waits with bated breath for measures that address key economic and strategic priorities. In an era marked by geopolitical turbulence -- from the Russia-Ukraine war to the Israel-Hamas conflict and rising tensions near India's borders …

Budget 2025: Higher insurance penetration, Ayushman Bharat among 4 key expectations to benefit Healthcare Industry
2 months, 1 week ago

Budget 2025: Higher insurance penetration, Ayushman Bharat among 4 key expectations to benefit Healthcare Industry

Live Mint  

Budget 2025: Finance Minister Nirmala Sitharaman is set to present the Union Budget for fiscal 2025-26 on February 1. The expectations are building and healthcare industry expects expansion of healthcare schemes such as ayushman Bharat, increased Insurance penetration, emphasis on preventive healthcare, Tax releif for consumables and equipments This year’s budget must take bold steps to prioritize the health and …

Insurers eye tax benefits, incentives in Union Budget
2 months, 1 week ago

Insurers eye tax benefits, incentives in Union Budget

The Hindu  

Insurers are seeking tax benefits for buyers and incentives for selling policies in their wishlist for the upcoming Union Budget as the country is projected to emerge as the G20's fastest-growing insurance market. Balachander Sekhar, co-founder & CEO of RenewBuy, said the Union Budget provides excellent opportunities to pump up the insurance sector, which is hoping for a reduction in …

Healthcare Industry seeks tax cuts on insurance premiums & increased budgetary allocation in Budget 2025
2 months, 1 week ago

Healthcare Industry seeks tax cuts on insurance premiums & increased budgetary allocation in Budget 2025

Live Mint  

New Delhi, January 14 : Ahead to the Union Budget 2025, industry stakeholders are expecting reforms that will propel the healthcare sector. Aman Puri, Founder of Steadfast Nutrition, urged the government to increase healthcare spending to 2.5-3 per cent of GDP, aligning with global averages. Dr. Smeet Patel, Director of Mayflower Women's Hospital in Ahmedabad, emphasized the need for reduced …

Budget 2025 expectations: Will common man get relief from expensive treatment?
2 months, 2 weeks ago

Budget 2025 expectations: Will common man get relief from expensive treatment?

India TV News  

Budget 2025 expectations: Union Finance Minister Nirmala Sitharaman is set to present the Union Budget for the financial year 2025-26 on February 1. Health sector: Demand for better services and increase in budget Private hospitals across the country are seeking relief from GST to boost their earnings while making treatment more affordable. Dr Arora further suggested that the budget allocation …

Budget 2025: Why making insurance affordable should be on agenda
2 months, 2 weeks ago

Budget 2025: Why making insurance affordable should be on agenda

India Today  

The Union Budget 2025 is approaching, and one area that demands urgent attention is the insurance sector. With health insurance premiums expected to remain high, improving affordability and accessibility could make a huge difference to the lives of millions of Indians. "With wages and healthcare expenses exceeding CPI inflation, health insurance pricing is likely to remain elevated," said the regulator. …

Budget 2025: Healthcare Experts Seek Special Focus On Innovation And Accessibility
2 months, 2 weeks ago

Budget 2025: Healthcare Experts Seek Special Focus On Innovation And Accessibility

ABP News  

The healthcare system is one of the most crucial aspects of every country and every government puts a special focus on it. More Focus On Mental Health Manun Thakur, Founder and CEO of Veda Rehabilitation and Wellness, said, “According to a recent report by Deloitte India, “Poor mental health in employees is causing Indian companies a loss of over $14 …

Union Budget 2025: High hopes as dark clouds loom over economy
2 months, 2 weeks ago

Union Budget 2025: High hopes as dark clouds loom over economy

India Today  

Finance Minister Nirmala Sitharaman is set to present the Union Budget on February 1. We also expect the home loan interest exemption to be increased to Rs 8 lakh annually to support first-time buyers, while Section 80C should either exclusively cover housing loan principal deductions or have its limit raised to Rs 5 lakh.” REAL ESTATE AWAITS RELIEF The real …

Union Budget 2025: Healthcare sector seeks tax cuts, funding innovations and rural outreach
2 months, 2 weeks ago

Union Budget 2025: Healthcare sector seeks tax cuts, funding innovations and rural outreach

Firstpost  

As India prepares for the upcoming Union Budget, the healthcare sector is raising critical demands for comprehensive reforms and increased investment. To achieve Universal Health Coverage by 2030, experts are pushing for a significant rise in public healthcare spending, innovative funding models and policies that ensure access to quality care particularly in rural areas. Anup Mehra, DGM Finance at PSRI …

Budget 2025: AI-Driven Diagnostics To R&D Push; Here’s What The Healthcare Sector Expects
2 months, 2 weeks ago

Budget 2025: AI-Driven Diagnostics To R&D Push; Here’s What The Healthcare Sector Expects

ABP News  

Union Finance Minister Nirmala Sitharaman is all set to present the Budget for the financial year 2025-26 in parliament on February 1st, 2025 and leaders across the country are sharing their take on what they are expecting from the upcoming budget. Over the past 15 years, India has made significant improvements in its healthcare sector through policy interventions focused on …

Budget 2025: When was the last major income tax relief given?
Trending News
2 months, 3 weeks ago

Budget 2025: When was the last major income tax relief given?

India Today  

The Union Budget 2025 is scheduled to be presented on February 1, 2025 as expectations are high among salaried individuals for income tax relief. Economists have also called on the government to cut income tax rates and implement reforms to boost savings and economic growth in the Union Budget 2025, as per media reports. PREVIOUS MAJOR INCOME TAX RELIEF Ajinkya …

Union Budget 2024: From Smartphones To Plastic Goods, What Will Become Cheaper & Costlier? Check Out
8 months ago

Union Budget 2024: From Smartphones To Plastic Goods, What Will Become Cheaper & Costlier? Check Out

ABP News  

Union Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget for 2024 on Tuesday, with a focus on affordability and economic inclusivity. Basic customs duties on precious metals such as gold and silver have been reduced to 6 per cent, while the duty on platinum has been adjusted to 6.5 per cent. In addition, customs duties on precious metals …

Budget 2024: Health and Pharma industry eyes increase in GDP
8 months ago

Budget 2024: Health and Pharma industry eyes increase in GDP

Live Mint  

New Delhi: Ahead of the union budget presentation which is scheduled to be presented on 23 July, Tuesday by Union Finance Minister Nirmala Sitharaman, eyes lie on the heath sector with high expectations from the healthcare and pharma sector. Dr. Harsh Mahajan Chair-FICCI Health Services Committee and Founder & Chief Radiologist, Mahajan Imaging & Labs noted that the healthcare industry …

Budget 2024: Tax Benefits On Opening New Hospitals To R&D Push; Here’s What The Healthcare Sector Eyes
8 months, 3 weeks ago

Budget 2024: Tax Benefits On Opening New Hospitals To R&D Push; Here’s What The Healthcare Sector Eyes

ABP News  

Budget 2024 Expectations: Healthcare is one of the most crucial sectors that play a significant role in a country's development. The contribution of the healthcare industry towards economic indicators is significant,” said Dr Gurushankar S, Chairman, Meenakshi Mission Hospital & Research Centre. Achieving this requires the government to offer a tax holiday to encourage doctors and healthcare entrepreneurs to establish …

Union Budget: Healthcare challenges and how the government can navigate them
1 year, 1 month ago

Union Budget: Healthcare challenges and how the government can navigate them

Firstpost  

The healthcare industry has always been the core of any flourishing civilisation. Modern medical challenges Public expenditure on healthcare contributes to only 1.3 per cent of GDP, resulting in compromised healthcare standards. As per some projections, AI utilisation in healthcare resource optimisation could contribute $25 billion to India’s GDP by 2025. Role of government in shaping healthcare The government must …

Interim Budget 2024 Wishlist: Insurance Industry Expects Higher Deductions for Medical Insurance Premiums
1 year, 2 months ago

Interim Budget 2024 Wishlist: Insurance Industry Expects Higher Deductions for Medical Insurance Premiums

News 18  

Written By Ramkumar S & Bijal Khara: The Union Budget 2023 was a bitter pill to swallow in many ways for the insurance sector, stemming from the fact that increased limit under Sections 80C and 80D, separate deduction for home insurance, relook at GST rates, and tax-free status for pension/annuity were not considered in the Budget. This impacted life insurance …

Union Budget: Stimulating pharma and healthcare for Amrit Kaal
1 year, 2 months ago

Union Budget: Stimulating pharma and healthcare for Amrit Kaal

Firstpost  

The Union Budget 2023-24, the first budget of Amrit Kaal, set out a vision and blueprint for an empowered and inclusive economy to lay building blocks for the coming 25 years in the journey to India@100 in 2047. Addressing tax issues about business expenditure Typically, pharmaceutical and healthcare companies incur various marketing and related costs which involve medical practitioners. Input …

Budget 2023 Reactions LIVE: Amit Shah Says Push To Cooperative Sector 'All-inclusive, Visionary'
2 years, 1 month ago

Budget 2023 Reactions LIVE: Amit Shah Says Push To Cooperative Sector 'All-inclusive, Visionary'

ABP News  

Budget 2023: The crucial day is here when Prime Minister Narendra Modi-led NDA government 2.0 will be presenting its last full-fledged budget ahead of the Lok Sabha polls in 2024. Taxpayers are hoping for further exemption in the current taxable income from Rs 2.5 lakh per annum to Rs 5 lakh per annum. Introduced in Budget 2020, the new tax …

Budget 2023: Healthcare sector hopes for increased government spending
2 years, 1 month ago

Budget 2023: Healthcare sector hopes for increased government spending

India TV News  

The healthcare sector is expecting some big announcements from Finance Minister Nirmala Sitharaman in Budget 2023. Budget 2023 is expected to provide a roadmap for the government's plans to improve the overall healthcare system in India. In the upcoming Budget the government might focus on expanding the coverage of healthcare services through the implementation of a universal healthcare coverage system. …

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class
2 years, 2 months ago

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class

News 18  

Budget 2023 Expectations: 'Healthcare Budget For Moving Towards Value-Based Care Model' Apurva Sule, Chief Business Officer, Heaps Health, said, “The National Health Authority, in its most recent announcement, plans to introduce a new system wherein the performance of the hospitals empaneled with the central flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana will be graded on value-based health care …

Budget 2023 expectations: What does THESE leading corporates expect?
2 years, 2 months ago

Budget 2023 expectations: What does THESE leading corporates expect?

Live Mint  

The Union Budget 2023 will be presented by Finance Minister Nirmala Sitharaman on the Parliament on February 1. Prisma AI anticipates that the finance minister will allocate a greater overall budget towards AI and Technology for future ready solutions, which can include face-recognition based entry and ticket systems, ANPR plus GPS based tolls or turnstile activation, body posture estimation systems …

Union Budget 2023: What are the pre-budget expectations for healthcare sector?
2 years, 2 months ago

Union Budget 2023: What are the pre-budget expectations for healthcare sector?

Live Mint  

On February 1, the Union Budget for 2023–24 is scheduled to be presented in Parliament by Finance Minister Nirmala Sitharaman. We have noticed that problems like sexual and reproductive health, diabetes, mental health issues and rural healthcare infrastructure require special attention and should be given special consideration in the budget of 2023. Being a telemedicine company, we strongly recommend improvements …

Union Budget 2023-24: What healthcare sector expects from Finance Minister
2 years, 2 months ago

Union Budget 2023-24: What healthcare sector expects from Finance Minister

Firstpost  

The Parliamentary session of the Union Budget is likely to be held on 31 January, 2023, as per reports. Just like every sector of this country, the healthcare sector also has big expectations from this year’s budget The Union Budget 2023-24 is just around the corner. Just like every sector of this country, the healthcare sector also has big expectations …

Budget 2023: What Insurance Industry Demands to Boost Insurance Penetration in India
2 years, 2 months ago

Budget 2023: What Insurance Industry Demands to Boost Insurance Penetration in India

News 18  

The Union Budget 2023 — the most eagerly awaited financial event of the year — is just around the corner. Since the growth in the insurance sector has the potential to directly aid India’s global aspirations, Budget 2023 could prove to be a catalyst for its reformation. Here are a few expectations the insurance sector has from this year’s Budget: …

Budget 2022: Up to Rs 1 Lakh Income Tax Relief for Insurance Premiums? What Experts Say
3 years, 2 months ago

Budget 2022: Up to Rs 1 Lakh Income Tax Relief for Insurance Premiums? What Experts Say

News 18  

Union Budget 2022: Finance minister Nirmala Sitharaman will present the Union Budget 2022 at the Parliament on February 1, which is a week away. The industry has long pending expectations from the policy makers for incentivizing people to get life insurance by giving a separate deduction limit of minimum INR 1 lakh for insurance premium payment under Section 80C,” said …

Infrastructure, healthcare get biggest boost in Union Budget 2021: Key takeaways
4 years, 1 month ago

Infrastructure, healthcare get biggest boost in Union Budget 2021: Key takeaways

India Today  

The Union Budget 2021 presented by Finance Minister Nirmala Sitharaman was all about prioritizing key issues like creating more jobs, ramping up healthcare spending and boosting economic growth. Having said that, here are key takeaways from the Union Budget 2021: Healthcare and infra get biggest push The funds allocated for infrastructure development and heathcare were the biggest highlights of Budget …

Healthcare likely to get top priority in Budget: Survey
4 years, 1 month ago

Healthcare likely to get top priority in Budget: Survey

India TV News  

Healthcare likely to get top priority in Budget: Survey India's healthcare sector is likely to get the maximum attention of the government in the upcoming Budget to be unveiled on Monday, as it comes in the face of the country braving a once-in-a-century global pandemic, says a survey. India's healthcare sector is likely to get the maximum attention of the …

Budget 2021: MSME sector wants better access to credit, lenient taxation policies
4 years, 2 months ago

Budget 2021: MSME sector wants better access to credit, lenient taxation policies

India TV News  

The Union Budget 2021-22 is just a few days away from now and expectations are riding high from all sectors. They said that the Union Budget should provide some long-term benefits to the sector with better access to credit and lenient taxation policies. "To cope up with this, budget 2021 should focus on enabling the development of MSMEs by providing …

Experts expect tax benefits u/s 80D to increase to ₹1 lakh in Budget 2021
4 years, 2 months ago

Experts expect tax benefits u/s 80D to increase to ₹1 lakh in Budget 2021

Live Mint  

Even prior to the global pandemic, health insurance was a growing sector, however, the pandemic has spotlighted the indispensable nature of having a safety net when it comes to healthcare costs. "Given the global focus on health, we anticipate that this year’s union budget will have larger thrust on health reforms," says Mayank Bathwal, CEO, Aditya Birla Health Insurance. He …

India Inc’s Budget Wish List Takes a Lesson From Covid-19 With Rare Health Spending Demand
4 years, 2 months ago

India Inc’s Budget Wish List Takes a Lesson From Covid-19 With Rare Health Spending Demand

News 18  

India has a dismal ratio of doctors and hospital beds, and the fragility of our healthcare infrastructure was amplified in 2020, when a global pandemic threatened to overwhelm our hospitals and medical centres. Covid-19, the gravest health threat in recent memory, has now pushed the country’s apex business chambers to also emphasise the need for hiking government health spend in …

Budget 2020: A mixed bag for healthcare services, pharma sector; additional duties on medical devices to hike costs for consumers
5 years, 1 month ago

Budget 2020: A mixed bag for healthcare services, pharma sector; additional duties on medical devices to hike costs for consumers

Firstpost  

While one of the key focus areas for this Budget 2020-21 on socio-welfare front is to widen the reach of affordable healthcare services, it also lays emphasis on government policy of ‘Make in India’. The announcements like a scheme to encourage manufacturing of medical devices in India, additional levy on imports on medical equipment, attracting foreign investment through reduction in …

Budget 2020: Policy reforms, additional outlay only way to boost life science, healthcare and pharmaceutical industry
5 years, 1 month ago

Budget 2020: Policy reforms, additional outlay only way to boost life science, healthcare and pharmaceutical industry

Firstpost  

Given the ambition of the government to make India a $5 trillion economy in the next five years, pharmaceutical and life science could be the ‘Target sector’ in Budget 2020 for reforms, Currently, India is the third-largest manufacturer of pharmaceutical products in terms of volume and the largest provider of generic drugs globally. With the government of India trying to …

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