• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Uncategorized

Union Budget-2024 Will Give A Boost To Overall Economic Growth: AiMeD

OMMCOM NEWS by OMMCOM NEWS
July 23, 2024
in Uncategorized

New Delhi: The Union Budget-2024 is visionary and progressive and will help boost the country’s overall economic growth, said the Association of Indian Medical Device Industry (AiMeD) on Tuesday.

The Union Budget-2024 presented by Finance Minister Nirmala Sitharaman in the Parliament “reflects the determination of Prime Minister Narendra Modi to realise the goal of a $10 trillion economy by 2030 and Viksit Bharat by 2047”, said Rajiv Nath, AiMeD Forum Coordinator, in a statement.

“Nine priorities of the government — productivity and resilience in agriculture; employment and skilling; inclusive human resource and development, and social justice; manufacturing services; urban development; energy security; infrastructure; innovation and research and development; and next-generation reforms – will act as a catalyst for the country’s overall economy,” Nath said.

Nath also thanked the government for “the reduction in duty on the import of components of X-ray equipment until these get to be produced in India”.

He explained that “the imports of medical devices have consistently been over Rs 61,000 crore for the last three years and regretfully this year have increased by 13 per cent to Rs 69,000 crore”.

Nath noted that AiMed had in January in a representation to the Department of Pharmacy (DoP), raised the issue of an increase in customs duty and removal of benefits for the import of X-ray tube and flat panel detectors under the Phased Manufacturing Programme (PMP).

He said that the relief from the government is “appreciable” as the two critical components lack domestic manufacturers.

He pointed out that AiMeD had hoped for a “nominal duty increase on at least those medical devices that India had substantial manufacturing capacity as demonstrated during Covid-19 pandemic times”.

“Removal of nil duty exemption on some of these medical devices would have acted as a further enabler for Make in India drive and enhance our global competitiveness,” Nath said.

 

ShareTweetSendSharePinShareSend
Previous Post

First Budget Of Modi 3.0 Puts India On Path Of Becoming A World Power: Ajit Pawar

Next Post

SCO Members Conduct Joint Counter-Terrorism Live Exercise

Related Posts

Uncategorized

Sena MLA Has Sharper Sense Of Smell, Taunts Saamana Slamming Assault On Canteen Worker

July 11, 2025
Jammu and Kashmir
Uncategorized

Two Intruders Killed As Army Foils Infiltration Bid On J&K LoC, Local ‘Guide’ Caught

June 30, 2025
Breaking News

“Nilachal Is Here In Puri”: Jagadguru Rambhadracharya Questions Digha Temple

June 28, 2025
Sports

FIH Groups Pakistan With India For Junior World Cup Despite Doubts Over Their Participation

June 28, 2025
Nation

The Third Eye: Moving From Information Age To ‘Age Of Intelligence’

June 22, 2025
Business

RBI’s New Rules On Gold Loans May Lead To Changes In Lenders’ Business Models: Report

June 19, 2025
Next Post

SCO Members Conduct Joint Counter-Terrorism Live Exercise

Death Toll In Ethiopia Landslide Rises To 55

Nirmala SItharaman

Budget Focuses On Fostering Stable & Mature Equity Investment Environment

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.