“The Union Budget indeed as assured by the Finance Minister will lead to inspirational India, economic development of our country and a caring society. Through this Budget, the Government has focused on infrastructure, rural growth, and encouraging use of technology and generating employment which in turn will benefit the economy. I firmly believe that the kind of healthcare facilities in a country determine the life expectancy of its citizens. By setting up a viability fund to develop and empanel more hospitals in Tier II and Tier III cities through PPP model under AB-PMJAY and allocating Rs6,000 crore for the same, will allow beneficiaries to access quality medical treatment. Thus, providing a much needed boost to penetration of health insurance. Additionally, by proposing this optional new personal income tax regime, Government will be putting more money in the hands of people which should boost consumption.”

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This entry is part 10 of 21 in the series March 2020 - Insurance Times

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