Highlights of Budget 2013

There was little to cheer for the pharmaceuticals and biotechnology industry in India's Budget for 2013-14


The following are the highlights of Union Budget 2013:

  • Ministry of Health and Family Welfare gets a budget allocation of Rs 37,330 crore
  • New National Health Mission to get Rs 21,239 crore
  • Medical education, training and research gets Rs 47,027 crore
  • Increase in budget allocation for Ministry of Agriculture by 22 percent to Rs 27,049 crore
  • Agriculture research gets Rs 3415 crore
  • Government plans to bring "Nutrifarms" to increase new crop varieties
    Rs 200 crore allocated to start pilot for the nutri rich crops like iron rich bajra
  • Setting up of Indian Institute of Biotechnology for Agriculture in Ranchi
  • Setting up of National Institute of Biotic Stress Management to address plant protection issues at Raipur, Chhattisgarh
  • Allocation of Rs 500 crore for crop diversification program and promote technological innovation
  • Rs 1,069 crore to Department of AYUSH
  • Rs 6275 crore allocated to Department of Science and Technology

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