New Delhi: The Finance Minister, Nirmala Sitharaman, is expected to unveil the Union Budget 2024 amid the monsoon session around the third week of July. Though there’s no official word yet on the exac
New Delhi: The Finance Minister, Nirmala Sitharaman, is expected to unveil the Union Budget 2024 amid the monsoon session around the third week of July. Though there’s no official word yet on the exact dates, it is expected that the Annual Financial Statement will be presented by 23rd or 24th July. Here’s what can be expected from the finance minister on the issue of hospital bills.
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What’s Expected On Hospital Bills
Hospital bills continue to be a worrisome factor for many. Earlier in May, the Supreme Court was disappointed with the government’s lackadaisical approach in defining a pricing structure for the various medical treatments offered by private hospitals and clinics. Consequently, to bring about standardization and transparency in health care costs, the Bureau of Indian Standards has begun devising plans and mechanisms.
“As we look ahead to the new fiscal year, we are not anticipating any significant increase in hospital admission costs, thanks to the proactive approach by the government for affordable and inclusive healthcare. To minimise out-of-pocket expenses and financial risks, we strongly recommend population in securing reliable health insurance. Health insurance provides a safety net, ensuring that individuals are not burdened by unexpected medical expenses,” Dr Gyani, Founder Director, Association of Healthcare Providers (AHPI) was quoted saying in a report by Financial Express.com.
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President Murmu Expresses Optimism For Budget
The first budget of the newly-formed NDA government next month will take “many historic steps” as well as accelerate the pace of economic reforms and lay a roadmap for ‘far-reaching policies’ and ‘futuristic vision’ of the government to make India the world’s third largest economy, President Droupadi Murmu said on Thursday.
In her first address to the joint sitting of Parliament since the constitution of the 18th Lok Sabha, she outlined the economic vision of the NDA government as well as highlighted achievements in the past decade under Prime Minister Narendra Modi.
A stable government with clear majority is “a mandate that the work of making India a developed nation continues uninterrupted and India attains its goals”, she said.
The new government under Modi is to present a full Budget for the fiscal year 2024-25 (April 2024 to March 2025) next month which is likely to lay down priorities in matters of taxation and policy as well as reform agenda for the near term.
“This budget will be an effective document of the government’s far-reaching policies and futuristic vision,” she said.
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“Along with major economic and social decisions, many historic steps will also be seen in this budget,” she said without elaborating.
“The pace of reforms will be further accelerated in tune with the aspirations of people of India for rapid development,” she said.
With the National Democratic Alliance (NDA) retaining power for a third consecutive term, analysts are expecting broad policy continuity, with the government continuing to prioritise infrastructure capex, improvements to the business environment, and gradual fiscal consolidation.
