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Health Sector to get Rs.62,398 crore, Rs. 6,400 Crore for Ayushman Bharat

Jul 5, 2019

Rs. 249.96 crore has been allocated for setting up Ayushman Bharat Health and Wellness Centres under the National Urban Health Mission to provide comprehensive primary care close to the community, while Rs. 1,349.97 crore has been earmarked for setting up health and wellness centres under the National Rural Health Mission.

FM provides relief for NPS subscribers

Jul 5, 2019

However, Sandip Shrikhande, CEO, Kotak Mahindra Pension Fund , said “From a NPS point of view, the budget has proved to be a bit of a dampener. 14% limit is applicable only to the Central Government’s contributions to its employee’s account. Similarly, 80C exemption on Tier II contributions is available only to Central Government employees. The good thing is that the withdrawal is now completely tax-free.”

Insurers hail “Growth Oriented” Budget 2019-20

Jul 5, 2019

However, Karthik Srinivasan,senior vice president and group head, financial sector ratings,ICRA Ltd, said the absence of any capital infusion plan for the public sector general insurance companies, most of whom require capital to avoid breaching regulatory solvency ratio

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