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Dr Veena Aggarwal, Consultant Womens’ Health, CMD and Editor-in-Chief, IJCP Group & Medtalks Trustee, Dr KK’s Heart Care Foundation of India 02 February 2023
The Union Finance Minister presented the last budget of the second term of the Modi government yesterday.
The Union Budget 2023-24 has a strong focus on healthcare and the environment, which we welcome at Heart Care Foundation of India. We welcome the increased focus on healthcare research, which will enable us to be better prepared to tackle all new and unknown illnesses that we may be threatened by in the future.
One Health was a concept that our founding president Dr KK Aggarwal strongly focused on and the provisions in the budget to help achieve net zero emissions by 2070 through the adoption of more energy-efficient ways of travel and fuel consumption will have a great impact on our overall physical well-being as well.
Promoting nursing education through the setting up of 157 new nursing colleges will help make quality care accessible to a larger population.
We hoped to see more focus on training centers on heart disease and CPR in the budget given the drastic increase in the number of heart attacks among the younger population in India. Metabolic diseases deserve specific attention as well given the pandemic proportions of these diseases due to the high-stress and unhealthy lifestyle that the population at large is now leading. The government campaign to promote millets for their numerous health and environmental benefits will help keep the metabolic disease such as diabetes in check to an extent. The Hyderabad-based Indian Institute of Millet Research (IIMR) will be supported as a centre of excellence to make India the “global hub” for millets.
Mental health has come to the fore with COVID 19 in mammoth proportions and deserved to be given more priority in the budget as well.
We hope that skill development initiatives and multidisciplinary courses for medical devices would promote self-reliance or “atmanirbharta” in medical devices and equipments among other things.
Here are some key health-related highlights of the budget 2023.
The new tax rates
Total income (Rs) | Rate (%) |
Up to 0-3 lakh | Nil |
From 3-6 lakh | 5 |
From 6-9 lakh | 10 |
From 9-12 lakh | 15 |
From 12-15 lakh | 20 |
Above 15 lakh | 30 |
In 2022-23, the expenditure in health sector was 2.1% of the gross domestic product (GDP) as per the Economic Survey 2023. The National Health Policy 2017 has envisaged increasing the governments health expenditure to 2.5% of GDP by 2025. Reaching this target appears elusive.
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