In an enormous aid to the well being sector, Finance Minister Nirmala Sitharaman introduced an exemption from fundamental customs obligation for 36 life-saving medicine. These embody medicine for most cancers and different uncommon and power illnesses. As per Sitharaman, 36 life-saving medicine could have full exemption from duties and tax. The FM additionally mentioned that six life-saving medicine could have a 5% obligation.
Addressing the Lok Sabha on Union Finances 2025, Sitharaman additional mentioned, “Our financial system is the quickest rising amongst all main economies. Our improvement observe document for the previous 10 years and structural reforms have drawn international consideration. Confidence in India’s functionality and potential has solely grown on this interval. We see the following 5 years as a singular alternative to grasp sabka vikas, stimulating balanced progress of all areas.”
As Sitharaman offered the Union Finances 2025-26, she outlined the important thing priorities to speed up financial progress, guarantee inclusive improvement, assist industries, and improve family sentiment. The finances additionally emphasised growing spending energy for India’s rising center class.
