Navigation Links
Annual Budget 2006: Health And Education Sector Receive A Boost

The main focus of the annual budget that was presented by India’s finance Minster P. Chidambaram would be targeted at achievement of a 10% growth rate//. If this were to be accomplished, it would help in the alleviation of poverty, which is omnipresent accross the entire country. The industrial sector had enabled the country achieve an 8.1% economic growth. Attempts would be made to reduce the financial deficit from the current 4.1% to 3.8% next year.

The provision of incentives to encourage research and development activities, more specifically in the R&D intensive sectors such as drug and pharmaceutical, information technology through appropriate financial and other measures formed an important part of the prebudget discussions.

The provision of seed fund for R&D activities on an annual basis, the extension of weighted deduction benefit to a period of 10 years, the increase in weight from the current 150% to 200% to widen the scope in the drug and pharmaceutical industry, ban on price control imposition and dividend distribution tax on this competitive industry, reduction of the excise duty from 16% to 8% were amongst the other topics discussed.

The Government had promised increased spending on healthcare and education. Consistent with the promise, a corresponding 31% and 22% increase in spending on education and health was sanctioned by the Union Minister. The announcement of this enhancement for these service-oriented sectors is believed to result in the much-sought social development. The total amount of financial resources allocated to these sectors has been fixed at Rs.24, 115 crore (education) and Rs.12, 546 crore (health).

An increased funding for the National Rural Health Mission from the current Rs 6553 crore to Rs 8207 crore has been sanctioned. This would ensure the extension of health care facilities in over 100, 000 blocks in the rural India.

The finance minister has allocated more funding for the National Rural Health Mission with the budgetary provision being increased from Rs 6,553 crore to Rs 8,207 crore in next fiscal. This would extend the health care facilities to 100,000 blocks in rural areas.

Other highlights of the annual budget include enhanced spending on rural infrastructure ($4.2bn), increased spending on defence sector ($20bn) and increase in old age pension. It has also been planned to construct five mega-power projects for which contracts would signed by December.

From the time of Independence, we have indeed come a long way in increasing life expectancy, reducing of infant mortality rate by as much as 50%, the provision of essential immunization to nearly 42% of children in the rural and urban areas. Although this represents an accelerated growth of the health care industry, there are several areas such as public-private health care partnerships, control of infectious diseases and respiratory infections that need a facelift.

The service and industry sector has contributed to a 7% growth of the Indian economy over the past 4 years. Let us hope that this increased spending on the education and health sector would add momentum to socio economic growth and development of the country.


'"/>




Related medicine news :

1. Annual PSA screening reduces risk of prostate cancer deaths
2. UK Spends £7.3 Billion Annually On Malnutrition Cost
3. Annual Dental Checkups in Children Lagging Behind
4. Brazil & Kenya Seek Support For A New Resolution At WHO’s Annual Mee
5. Medical Tourism can Fetch Rs.100 bn Annually by 2012
6. Annual Conference Of Plastic Surgeons In US To Focus On The Future Of Plastic Surgery
7. Jamaica Sees 1000 New Cases of HIV Annually
8. More Indians Die of Rabies Annually
9. Childrens Hospital Boston Presents at the Society for Adolescent Medicine Annual Meeting
10. National Neurosurgery Awareness Week Kicks Off During Annual Meeting of the AANS
11. 500,000 Chinese Die of Hepatitis B Annually
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:4/25/2017)... ... April 25, 2017 , ... ProRehab Physical ... be the preferred physical therapy provider for Derby City CrossFit, effective immediately. , ... CrossFit as quickly and effectively as possible, ProRehab’s sports physical therapists will work ...
(Date:4/25/2017)... ... April 25, 2017 , ... ... to compare student test score performance for the 2015-16 school year across Wisconsin’s ... voucher programs. Though it highlights important patterns in student test score performance, the ...
(Date:4/25/2017)... Switzerland (PRWEB) , ... April 25, 2017 , ... ... innovation targets, they rely on contracted partners to help with process innovation in ... of combined drug formulation experience along with state-of-the-art analytical equipment in support of ...
(Date:4/25/2017)... (PRWEB) , ... April 25, 2017 , ... Saad B. Chaudhary, MD is committed to ... of acute or chronic problems, I focus on preventative care with all my patients to ... have any questions, always feel free to contact my office and my trained staff will ...
(Date:4/25/2017)... ... , ... Vetoquinol USA® , a world-class developer of ... the EQUISTRO line, at this week’s Rolex Kentucky Three-Day Event in Lexington. Flexadin ... , The scientifically-developed Flexadin UCII supports the body’s normal repair of cartilage and ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... DALLAS , April 19, 2017 /PRNewswire/ ... that the first patients in Nashville ... in the Lower Esophageal Sphincter Stimulation for GERD (LESS ... device designed to provide long-term reflux control by restoring ... GERD affects nearly 65 million people in ...
(Date:4/19/2017)...  New research provides evidence that an old drug may ... study released today that will be presented at the ... Boston , April 22 to 28, 2017. ... disease, the oral drug levodopa has long been considered the ... the disease progresses, the effects of the medication can partially ...
(Date:4/18/2017)... Cogentix Medical, Inc. (NASDAQ: CGNT), a global medical device ... markets with innovative and proprietary products, will release financial ... after the market close on Tuesday, May 2, 2017. ... call and webcast to discuss its financial results the ... p.m. Eastern Time (3:30 p.m. Central Time). Darin ...
Breaking Medicine Technology: