The Union Budget 2025-26 strengthens India's healthcare sector with an allocation of Rs. 99,858.56 crore, marking a 9.78% rise from Rs. 90,958.63 crore in 2024-25
Apart from the above, it was also decided that Basic Customs Duty on import of COVID-19 vaccines be also exempted with immediate effect for a period of 3 months
This is in pursuance to the announcement made in the Union Budget for the year 2024-25 exempting these three anti-cancer medicines from customs duty
The Central government’s decision to exempt three more cancer medicines from customs duty is a commendable step towards making cancer drugs more affordable
It dwells on colocating 157 nursing colleges with medical colleges and eliminating sickle cell anaemia by 2047
Fiscal support in line with what is available in key innovation hubs such as USA and China will drive the next leg of drug discovery in India
Number of approved manufacturing sites of Remdesivir in the country has increased from 22 sites to 60
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