Saturday, 15 August 2020

Dr Reddy's on Union Finance Budget 2016

30 November -0001 | News | By BioSpectrum Bureau

Dr Reddy's on Union Finance Budget 2016

(Photo Courtesy: www.laurel-bennett.com)

(Photo Courtesy: www.laurel-bennett.com)

"On the healthcare front," says Mr Satish Reddy, Chairman, Dr Reddy's Laboratories, "the budgetary emphasis on the sector was fairly muted. While certain initiatives such as the new health insurance scheme or the National Dialysis Services program are good, perhaps a more holistic, well rounded thrust would have served the sector better in delivering good health to those in need of it."

He points that the initial outlay of 1,000 crores to fund higher education is simply not enough, given the huge gap and growing need for students to have access to high quality education.

"One hopes that the government will build upon this and expand access to higher education to a much larger section of society," he voices.

The plan to set up the National Board of Skill Development in partnership with industry and academia is definitely a step in the right direction.

Mr Reddy adds, "This move will foster an environment of understanding and collaboration that will ensure skill development is mapped to industry needs, thereby creating more job opportunities in the long run."

The finance minister began his speech by articulating the 9 pillars on which his budget proposals were built, that would have a transformative impact on the economy and people.

The social sector, including healthcare was in the top 5.

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