Impact of Union Budget 2015-16 in Healthcare

Mr Abhay Soi, CMD Radiant Life Care

"The Budget has made some enabling provisions for people to spend more on health insurance and that's one of the welcome steps for the healthcare sector. But, there is nothing much for luring more private investment to the sector.

The emphasis on improving the quality of life and public health through Swachh Bharat is also a welcome move. The increase in tax exemption limit for health insurance from Rs 15,000 to Rs 25,000 is a remarkable feature of Finance Minister Arun Jaitley's maiden full-fledged Budget for 2015-16. As pointed out by Finance Minister as well, the move will encourage more and more people to take health insurance. Apart from this the decision to set-up AIIMS in J&K, Punjab, Himachal Pradesh and Assam shows government's commitment to take quality health care services to people's doorsteps.

Also, reduction in corporate tax over next 4 years would make investment climate more attractive and provide impetus to investment in healthcare as well".

Radiant Life Care manages BLK Super Speciality Hospital, Delhi and Nanavati Super Speciality Hospital, Mumbai.

Source : Equity Bulls

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