During his recent outing, Arun Jaitley, Finance Minister, Government of India has presented the fourth budget of the Narendra Modi Government. While praising the demonetisation move, Jaitley called this move an ace card rolled out by Prime Minister on November 8, 2016 to bugle his first war on corruption. He also highlighted that clubbing of Railway with the Common Budget has brought multi-model approach which will further enhance the development of the country.
Speaking about the medical sector, Jaitley said that after considering the suggestions made by the companies involved in the business of medical device, the government is planning to form new rules for the devices hence, reducing the cost of these equipment.
"These rules will be internationally harmonised and attract investment into this (medical devices) sector," Minister said.
The government has already brought coronary stents under price control and asked the National Pharmaceutical Pricing Authority to fix its ceiling price. This move has been met with resistance from the makers of medical devices in the country.
The government has also prepared an action plan to eliminate kala-azar and filariasis diseases by 2017-18, leprosy by 2018, and measles by 2020. Elimination of tuberculosis by 2025 has also been targeted. Apart from the aforementioned proposals, Jaitley also pitched for installing two new AIIMS in Gujarat and Jharkhand.
Jaitley highlighted the current prevailing health problem of the country and also spoke about how the government is gearing up to tackle these issues, FM said, "Catastrophic health events are the single most important cause of unforeseen out-of-pocket expenditure which pushes lakhs of households below the poverty line every year. Serious illness of family members causes severe stress on the financial circumstances of poor and economically weak families, shaking the foundation of their economic security. In order to help such families, the Government will launch a new health protection scheme which will provide health cover up to Rs one lakh per family. For senior citizens of age 60 years and above belonging to this category, additional top-up package up to Rs 30,000 will be provided."