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Finance Minister Nirmala Sitharaman announced the exemption of customs duty on three cancer medications, aimed at easing the financial burden on patients. The Finance Minister has additionally detailed changes in the Basic Customs Duty (BCD) on X-ray tubes and flat...

The medical devices industry hailed various measures announced in the Union Budget 2024-25, including the full exemption of customs duty for some of the X-ray machine components and emphasis on skilling which is expected to support healthcare skilling. SOURCE –...

The Union Finance Minister Nirmala Sitharaman presented the full Union Budget 2024 today before the parliament at 11 am. The Union Budget proposes the reduction of the customs Duty on various medical equipment. As an initiative to provide relief to the medical sector...

Nirmala Sitharaman, Minister of Finance & Corporate Affairs, presented the Union Budget 2024-25 in the Parliament on July 23, 2024. In Priority3, the FM laid emphasis on the healthcare sector. "Ourgovernment is committed to all-round, all pervasive and all...

Experts hope the marginal increase in health sector allocation will translate into higher public spending reducing out-of-pocket expenditure of individuals While out-of-pocket expenditure in India has reduced from 64.2 per cent of the total health expense in 2014 to...

From praise for cancer treatment cost cuts to calls for more R&D incentives, reactions reflect diverse views on fiscal health policies. ( Excerpts from their statements) Jyotsna Govil, Chairperson of the Indian Cancer Society: “Our Finance Minister Nirmala...

Finance Minister proposes changes in the basic customs duty on X-ray tubes and flat panel detectors’ provides ₹2,143 crore as production linked incentives for the pharmaceutical industry The Union government has continued its emphasis on tackling non-communicable...

Allocation for family welfare schemes saw a 35% increase Even as the overall increase in budget allocation in health sector is marginal, family welfare schemes have seen a rise of a whopping 35 per cent indicating the community approach taken by the government....

The health sector was expecting the health budget to be increased to 2.5 per cent of GDP, promotion of medical value tourism and reduction in taxation which were not mentioned in the budget presented by the FM. However the industry welcomed the move of exemption of...