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Health budget will increase in Corona period, possible announcement to increase tax exemption on medical expenses

Health budget will increase in Corona period, possible announcement to increase tax exemption on medical expenses

Budget 2021-22: Finance Minister Nirmala Sitaran will present the budget on February 1 (File)

new Delhi:

In view of the challenges faced by the health sector in one year of Corona, the government can make a big increase in the health budget. At the same time, tax expenditure can be increased in medical expenses, health and life insurance. Experts in pharma and health care sector say that India will emerge as a world pharmacy if research and development and innovation are emphasized.

Preetha Reddy, president of Nathealth and executive vice-chairperson of Apollo Hospitals, said that to increase investment in health care, national programs for skill development and training of health workers, increase number of medical colleges, effective PPP model and creation of medical devices in the country itself Needs to be encouraged. Private companies are hoping that in the Budget-2021, if there is an incentive with tax exemption, then they will be able to open hospitals in second and third tier cities as well.


Ashutosh Raghuvanshi, managing director and CEO of Fortis Healthcare, said that health care is not only important for earning foreign exchange but also in terms of employment. Along with developing health facilities on PPP model, digital health care, health advice system also needs to be developed to improve the ratio of doctor-patients. Sudarshan Jain, general secretary of the Indian Pharmaceutical Alliance (IPA), said that if the pharma industry is focused on R&D, health startups and innovation, India can become a world medical hub.

Dr. Amol Naikwadi, joint managing director of Indus Health Plus, says that government spending should increase for the prevention of infectious and non-infectious diseases. Technology and infrastructure for telemedicine, digital healthcare system, online medicine and treatment facilities should be given attention so that health services can be delivered to remote areas easily.

(This news has not been edited by the NDTV team. It is published directly from the Syndicate feed.)

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