Friday December 6, 2019

FICCI Recommends Government to Grant Priority Status to Healthcare Sector in Upcoming Budget

On taxes, the Ficci official said that reduction in corporate tax will boost the mood of the corporate sector and support the economy

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ficci, healthcare
File:Assistant Secretary Rivkin Meets With Chairman of the Federation of Indian Chambers of Commerce and Industry (FICCI)'s Intellectual Property Rights Committee Sabharwal in New Delhi. Wikimedia Commons

The Federation of Indian Chambers of Commerce and Industry (Ficci) has recommended to the government to accord priority status to the healthcare sector in the upcoming budget. Sangita Reddy, Senior Vice President, Ficci, said on Thursday that the industry is looking forward to a clear and proactive policy in the upcoming budget including priority status to the health sector.

“Healthcare must receive a priority status so that it enables easier access to funding,” said Reddy, who is also the Joint MD, Apollo Hospitals Enterprise. In a video address on Ficci’s Youtube channel, Reddy noted that India has done a “commendable job towards universal health coverage by undertaking Ayushman Bharat”.

However, she added that private sector participation will be needed to scale up in areas like capability, number of beds, manpower and training. “The industry is also seeking support to get investment towards the new age healthcare and in that, data sharing, digitalisation, electronic health record, personal health records – all are very important buzz points,” she added.

healthcare, ficci
“Healthcare must receive a priority status so that it enables easier access to funding,” said Reddy, who is also the Joint MD, Apollo Hospitals Enterprise. Pixabay

Recommending steps to support startups, Reddy said that angel tax must be removed as it helps in spurring the entrepreneurial spirit, creating and nurturing innovation, and creating startups which can be the unicorns of tomorrow.

Highlighting the importance of the environment and water, she said that some important budget announcements for water conservation and preservation were expected. On taxes, the Ficci official said that reduction in corporate tax will boost the mood of the corporate sector and support the economy.

ALSO READ: Poor Oral Health Associated with Liver Cancer: Study

Also, an upward revision in the individual income tax slabs will further boost consumption and enhance GDP growth. Reddy also said that there are a lot of opportunities for the banking sector. “The banking sector needs further look whether in terms of promoting greater liquidity or innovation in terms of the enablement of more hands having access to low cost funding,” she said.

Reddy stressed on strengthening the education sector. “The education sector and the follow through of what happens to human resources is another very important area which I am sure the budget will focus on,” she said. (IANS)

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In ‘Mann Ki Baat’, Modi stresses on preventive healthcare

Modi also said the government has set a target to free India from tuberculosis by 2025

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Prime Minister Narendra Modi (FILE PHOTO)
  • In his latest ‘Mann Ki Baat’ Modi talks about health care
  • He presented stats of the healthcare sector
  • He talks about public awareness and development strategies

Prime Minister Narendra Modi on Sunday urged the people to be more conscious about preventive health care because prevention was not only beneficial for a person but also for his or her family and society. Modi also said the government has set a target to free India from tuberculosis by 2025 and that the government and insurance companies will jointly provide Rs 5 lakh insurance cover to about 10 crore families per year.

Prime Minister, Narendra Modi stressed on the importance of service to others in his last Mann Ki Baat edition for 2017.
Prime Minister, Narendra Modi stressed on the importance of healthcare in his last Mann Ki Baat edition.

In his monthly radio programme “Mann Ki Baat”, the Prime Minister said: “Preventive healthcare is the least costly and the easiest one as well. As much as we are conscious about preventive healthcare, it will be beneficial for the person, his family and society.” Modi also stressed on the need for sanitisation because “a healthy India is as vital as clean India”.

“I believe that healthy India and clean India are supplementary to each other. The country has moved ahead in the health sector with a conventional approach. Earlier, every health related work was the responsibility of the Union Health Ministry only. But in the current scenario, every department, state governments and other departments are working together for a healthy India.” He said the first necessity for a healthy life is cleanliness.

Also Read: With 100% FDI, Narendra Modi calls Food Sector a Priority in Make in India Programme

“As all of us took up the responsibility, the result is that in the last four years or so, sanitation coverage has almost doubled and risen to around 80 per cent.”

Modi said yoga has attained worldwide recognition as a measure of preventive healthcare and urged people to start a movement right now. “Yoga Day will be celebrated on June 21. Can we start working from now to encourage people for Yoga?”

He said the government had opened over 3,000 ‘Jan Aushadhi Kendras (people’s medicine centre) and was working continuously to open more such centres. More than 800 medicines are being made available at these centres at an affordable price, he said.

will also hold a meeting there with the Indian community. Wikimedia Commons
Narendra Modi presented stats regarding health care system in India. Wikimedia Commons

Citing some key steps of his government for patients, the Prime Minister said: “The cost for heart stent for the patients has been reduced to 85 per cent. Knee implants cost has also been regulated and reduced by 50-70 per cent. “Under ‘Ayushman Bharat Yojana’, the Indian government and insurance companies will jointly provide Rs 5 lakh for treatment to about 10 crore families or say 50 crore citizens per year.”

Also Read: For Modi, Road To 2019 Will Be Steeper

He said MBBS seats in present 479 medical colleges have been increased to about 68,000 and new All India Institute of Medical Sciences (AIIMS) are being opened in various states with a view to provide better treatment to people across the country.

“One new medical college will be set up for every three districts.” The Prime Minister said the government is working to make the country TB-free by 2025. “This is an enormous task. Your cooperation is needed to create public awareness. All of us will need to make united efforts to become TB-free,” Modi added. IANS