Budget 2025: SBI urges higher healthcare spending, uniform GST on medical devices and tax exemptions
💨 Abstract
The State Bank of India report suggests the Indian government should focus on revitalizing the insurance and healthcare sectors for Budget 2025. Recommendations include exempting GST and taxes on term and health insurance premiums, increasing healthcare budget to 5% of GDP, and rationalizing GST rates on medical devices.
Courtesy: theprint.in
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