Government
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Agencies Sep 29 2017 - 1 min readThe Union Government has planned to establish 10 pharma clusters across India in next one year, at an outlay of Rs 120 crore to make the sector globally competitive. Elaborating on the same, Ananth Kumar, Union Chemicals and Fertilisers Minister said, "Already we are thinking of pharma clusters in different parts of the country ...
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Agencies Sep 29 2017 - 2 min readIn his recent budget speech, Union Cabinet Minister of Finance & Planning Sudhir Mungantiwar has made it vocal that certain medicines required for the treatment of cancer will be exempted from sales tax and said that the list of medicines would be notified separately. Significantly, it is estimated to cost the exchequer Rs 15 ...
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WI Bureau Sep 29 2017 - 1 min readIn its pre-budget proposals, the Ministry of Commerce and Industry has suggested Union Finance Minister Arun Jaitley to increase import duty on medical devices product, including syringes and pacemaker. It has recommended that the basic customs duty be hiked from 5 per cent to 10 per cent in the Budget 2015, to be presented ...
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WI Bureau Sep 29 2017 - 1 min readAs Finance Minister Arun Jaitley is all set to unveil Union Budget 2015 on February 28, manufacturers of medical devices have sought import duty concessions from him. The Association of Indian Medical Device Industry (AIMED) has also sought a blanket ban on 100 per cent foreign direct investment (FDI) in brown field projects. "To ...
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Agencies Sep 29 2017 - 1 min readIn a bid to boost its 'Make in India' initiative, Prime Minister Narendra Modi-led NDA government has plans to approve 100 per cent FDI in the medical devices, according to a leading business channel ET Now report. The report says the Union Cabinet is expected to take up the proposal in coming weeks, ...