December 15, 2025 02:42 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Caught in Thailand! Fugitive Goa nightclub owners detained after deadly fire kills 25 | After Putin’s blockbuster Delhi visit, Modi set to host German Chancellor Friedrich Merz in January | Delhi High Court slams govt, orders swift compensation as IndiGo crisis triggers fare shock and nationwide chaos | Amazon drops a massive $35 billion India bet! AI push, 1 million jobs and big plans revealed at Smbhav Summit | IndiGo’s ‘All OK’ claim falls apart! Govt slaps 10% flight cut after weeklong chaos | Centre finally aligns IndiGo flights with airline's operating ability, cuts its winter schedule by 5% | Odisha's Malkangiri in flames: Tribals rampage Bangladeshi settlers village after beheading horror! | Race against time! Indian Navy sends four more warships to Cyclone Ditwah-hit Sri Lanka | $2 billion mega deal! HD Hyundai to build shipyard in Tamil Nadu — a game changer for India | After 8 years of legal drama, Malayalam actor Dileep acquitted in 2017 rape case — what really happened?

Budget Expectations

| | Feb 25, 2015, at 03:05 am
We hope the Union Budget 2015 will sanction favorable economic policies to foster an innovation driven ecosystem that addresses the unmet medical need in India. Impetus to healthcare and biopharmaceuticals in particular is critical in finding innovative solutions to address the huge disease burden especially in chronic health diseases such as cancer, diabetes, heart diseases and respiratory disorders. We are optimistic the Union Budget 2015 will focus on:

·         Healthcare spend: Increase healthcare spend to at least 2.5% of the GDP in the next two years.

·         Robust research environment: There is an urgent need to create a robust research environment in India. Encourage drug development in the country through measures like increase in R&D spend and transparent process for conduct of clinical trials with tax friendly measures.

·         Increase accessibility: Accessibility needs to be looked at in a holistic manner. Adequate healthcare infrastructure and enabling universal access to healthcare services through increase in penetration of insurance cover is essential. Implementing the promised Universal Health Assurance programme will help to increase access. 

·         Skill Development: Enhance availability of skilled human resources in the Pharma sector by making special investment provisions to set up more number of educational and training facilities such as the National Institute of Pharmaceutical Education and Research (NIPER).
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm