Union Budget expectation 2017 – Suresh Ramu, CEO & Co-Founder, Cytecare Hospitals

Bangalore, January 31, 2017: “In this year’s budget, we expect the government to accord National Priority status to enable the companies building hospitals to obtain greater access to funds for capital expenditure. The government should also give tax holiday for at least 10 years for companies that set up set up private hospitals in Tier III towns and the taluka headquarters. It would ease out functioning of other hospitals if the VAT is removed on consumables, implants, etc. that are used in the course of treatment in the hospital. Lifestyle disorders such as heart disease, high blood pressure, diabetes and cancer should be given special emphasis. Expenses for preventive healthcare schemes should be tax-deductible up to Rs 20,000 instead of the current limit of Rs 5,000 to promote the regular healthcare check-ups. Once these issues are addressed, we can expect that the rural and semi-urban population along with the urban population can have access to better healthcare.”

Corporate Comm India(CCI Newswire)