Budget 2025: SBI urges higher healthcare spending, uniform GST on medical devices and tax exemptions

The Union Government's Budget 2025 should focus on revitalizing the insurance and healthcare sectors. Suggestions include exempting GST and taxes on term and health insurance premiums, increasing the healthcare budget to 5% of GDP, and rationalizing GST rates on medical devices. These measures aim to enhance insurance penetration and bolster healthcare infrastructure.

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