After giving a separate entity to Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH) by creating Ministry, the Union Government has allocated a fund of Rs 5,000 crore for its development.
Aiming to provide telemedicine to three local hospitals in Kabul, train officials and offer residency programs to the people, Delhi-based BLK Super Speciality Hospital has signed a special deal with Ministry of Public Health (MoPH), Government of Afghanis
Government is all set to reduce prices of certain medicines required for the treatment of cancer by exempting it from sales tax. The guide wire used to treat heart patients have also become less expensive, announced Cabinet Minister of Finance.
After relaxing FDI policy for medical devices sector, the government is expected to announce an incentive package for medical devices sector, including tax benefits in the forthcoming Budget 2015-16 for domestic manufacturers.
India’s medical device industry, which is estimated at $5 billion is marred by huge reliance on imports. Thereby, the manufacturers urge government to give concession on the import duty in order to boost economic growth of the industry.
In a move to boost Prime Minister Narendra Modi's initiated ‘Make in India’ campaign, the Union Government is planning to allow a 100 per cent Foreign Direct investment (FDI) in medical devices, not on generic drugs.