Overall healthcare cost could increase post GST, Chairman Reddy
The Dollar Business Bureau The cost of overall healthcare could rise after the implementation of Goods and Services Tax (GST) as some of the products and services will be levied with 15-18% tax, while healthcare has been exempted, said Apollo Hospitals Chairman Prathap C Reddy on Tuesday. Reddy said that if there is a surge in the cost of healthcare by up to 2%, hospitals would be able to absorb the increase but any hike beyond that would have to be borne by the patients. “There is no GST for us but there are services and some products with GST rate ranging from 15 to 18% that have fallen on us. So, after GST the cost increase for hospitals will be around 2% ...
Innovations will provide the impetus to Make in India: Pranab Mukherjee
The Dollar Business Bureau The President of India, Pranab Mukherjee, called upon the need for innovation and generating ingenious solutions to overcome poverty, create employment and to ensure overall economic growth prosperity of India. Speaking at the inaugural session of ‘Festival of Innovations(FoI)’ on Saturday, the President said, “India’s knowledge system offers tremendous scope for research involving land-to-lab investigation and lab-to-land transfer of technology,” adding that the process of innovation converts knowledge into social good and economic wealth. Stating that as a part of innovation, there is a need to build viable linkages between all formal and informal sectors, the President expressed hope that the FoI initiative would bring different stakeholders across the country together on a single platform ...
