By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Union Budget 2024: Experts hail exemption of customs duty on three cancer drugs – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > National > Union Budget 2024: Experts hail exemption of customs duty on three cancer drugs – World News Network
National

Union Budget 2024: Experts hail exemption of customs duty on three cancer drugs – World News Network

worldnewsnetwork
Last updated: July 23, 2024 12:00 am
worldnewsnetwork 1 year ago
Share
SHARE

New Delhi [India], July 23 (ANI): Industry experts have hailed the Central government’s proposal to exempt three more life-saving cancer medicines from Customs duty.
Union Finance Minister Nirmala Sitharaman on Tuesday proposed to fully exempt three cancer medicines from Customs duty as she presented the Union Budget 2024 in the Lok Sabha.
This move, coupled with the increased allocation of Rs 90,958.63 crore to the Union Health Ministry for the 2024-2025 fiscal year, is seen as a significant step forward in making life-saving treatments more accessible.
Speaking with ANI, Dr Harsh Mahajan, Founder and Chairman of Mahajan Imaging and Labs and Chairman of the FICCI Health Services Committee, said, “This is a budget of continuity and for inclusive growth. The exemption of three life-saving medicines for cancer treatment is a welcome step. Exemption of customs duty on components of X-ray tubes and digital detectors will lead to the spurring of indigenous manufacturing of digital X-ray machines in India. Allocation of funds for innovation and skilling will also help those working in the healthcare sector.”

The Association of Indian Medical Device Industry (AiMeD) also lauded the Union Budget 2024 as visionary and progressive, which will boost the country’s overall economic growth.
In a statement, AiMeD Forum Coordinator, Rajiv Nath said, “The Union Budget 2024 is visionary and progressive. It will give a boost to the country’s overall economic growth. It reflects the determination of Prime Minister Narendra Modi to realize the goal of a $10 trillion economy by 2030 and ‘Viksit Bharat’ by 2047.”
Nath further said, “We are thankful to the Government of India for the reduction in duty on the import of components of X-ray equipment until these get to be produced in India. This enables continuity in investment in efforts to become a manufacturing hub of x-ray equipment globally.”
Dr Ashutosh Raghuvanshi, MD and CEO of Fortis Healthcare Limited, also praised the exemption of cancer drugs from customs duty. “We appreciate the government’s decision to exempt three cancer drugs from customs duty in the FY 2024-25 budget. Cancer treatment often involves a significant financial burden for patients and their families. By exempting these drugs from customs duty, the government has taken a concrete step towards alleviating this burden, making essential medications more affordable for those in need across the country. This decision underscores the government’s commitment to addressing the growing cancer burden in India,” he said.
Dr. Mandeep Singh Malhotra, Director of Surgical Oncology at CK Birla Hospital, stated that the removal of customs duties on medicines will reduce the financial burden. He said, “Exempting these drugs from basic customs duty will lower their import costs, making them more affordable for patients. This can improve access to advanced cancer treatments, reduce the financial burden on patients and their families, and potentially improve treatment outcomes by allowing more patients to benefit from these effective therapies.”
Dr Aashish Chaudhry, Managing Director of Aakash Health Care, said, “The healthcare sector welcomes the Union Budget 2024. The Finance Minister announced a new medical college in Bihar. The Union Health Ministry received Rs 90,958.63 crore, a 12.96 per cent increase from last year, and three more cancer treatment medicines are now customs duty-free.”
He added, “Over Rs 3 lakh crore is allocated for women’s development, and the PMGKAY scheme, which helps 80 crore people, is extended for five more years. Five new schemes will support 4.1 crore youth over the next five years with Rs 2 lakh crore. However, health was not one of the nine main priorities announced by Sitharaman. Some believe the budget could have better addressed broader healthcare challenges with a more comprehensive plan.”
Finance Minister Nirmala Sitharaman, on Tuesday, presented the first Union Budget of the Modi 3.0 government and her seventh consecutive one during the Monsoon Session of Parliament.
The Finance Minister’s seventh consecutive Union Budget for 2024-25 outlined nine key priorities aimed at fostering economic growth and creating ample opportunities.
The budget session of Parliament began on July 22 and is scheduled to end on August 12. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

“Will implement CM’s Morning Breakfast Scheme from next academic year,” says Telangana CM Revanth Reddy in Chennai – World News Network

Telangana: Heavy rain causes waterlogging in Mithila Nagar Colony in Rangareddy – World News Network

“Nothing better than this aircraft”: Group Captain Malik on decommissioning of MiG-21 fighter plane – World News Network

“Trump making decisions for his own country, we have to make for ours”: Ajit Pawar gives ‘Swadeshi’ call – World News Network

Assam: Kaziranga National Park and Tiger Reserve authority opens Bagori Range for tourists – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article Scotland’s Charlie Cassell scripts history, picks best figures on ODI debut – World News Network
Next Article The real journey begins from now: Sana Sultan on her ‘Bigg Boss OTT 3’ eviction – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

“Miss you, brother”: Singer Papon remembers Zubeen Garg with heartfelt message – World News Network
Entertainment 20 hours ago
‘Doctor Who’ actor Noel Clarke arrested in London: Reports – World News Network
Entertainment 20 hours ago
“Good thing was we didn’t fictionalise story of Chamkila”: Imtiaz Ali on ‘Amar Singh Chamkila’ post Emmy nominations 2025 – World News Network
Entertainment 20 hours ago
Durga Puja 2025: Kolkata pandal recasts Satyajit Ray’s fictional dictator as ‘Hirak Rani’ – World News Network
Entertainment 20 hours ago

Sports

Archery Premier League will bring the sport closer to fans, says World & Asian Championship medallist Rishabh Yadav – World News Network
Sports
Shamar Joseph ruled out of India test series due to Injury; Johann Layne named replacement – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

AJIO, HSBC India’s blends fashion with lifestyle privileges in one-of-its-kind collaboration, Tara Sutaria leads the campaign – World News Network
Entertainment
SIT, CID conduct raid at Shyamkanu Mahanta’s residence amid probe into Zubeen Garg’s demise – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?