Budget expectations 2021

Life Sciences and Health Care

Top three asks:

  1. Improved health care through funding: Increasing public spending through subsidised loans, providing land for new hospitals, and encouraging Corporate Social Responsibility (CSR) spend by allowing it as a tax-deductible expense.
  2. Targeted incentives: Tax holidays for new hospitals in rural areas, weighted deductions, and tax holiday regimes for promoting India as a compelling R&D destination.
  3. Increased affordability through reduced GST impact: Categorising life-saving drugs at the lowest rate of GST and “zero-rating” of GST for health care services.
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