This time the government is considering increasing the health and education cess by two percent for health care expenses. Although it is also being said that the Revenue Department of the Finance Ministry is currently reviewing such a proposal and discussions are still going on, at present, no decision has been taken yet.
The upcoming budget 2021-22 will be presented on 1 February. Before this, the phase of speculation about the budget has started. Everyone is hoping that this time the relief and gifts will be announced from the budget book of the Modi government.
The health sector also has high expectations from the upcoming budget. If sources are to be believed, this time the government is considering increasing the health and education cess by two percent for health care expenses. Although it is also being said that the Revenue Department of the Finance Ministry is currently reviewing such a proposal and discussions are still going on, at present, no decision has been taken yet.
Health insurance cover can be increased
Meanwhile, sources have also informed that the Finance Ministry is in favor of increasing the health insurance cover under Ayushman Bharat. Under the ‘Pradhan Mantri Jan Arogya Yojana’, the government provides an annual health insurance cover of Rs 5 lakh per family.
It is now to see how much more cover can be increased by the government, so that more families can get insurance benefits. For the moment, discussion and assessment is still going on here and it can be finalized in a day or two..
Budget size can cross 30 trillion rupees
Along with this, the government is also likely to make more budget allocation for making more ICU beds in existing hospitals, new hospitals and dispensaries in rural areas. Health and infrastructure will also be an important issue in this budget in view of corona vaccination. Due to this, the size of the budget is likely to cross the current 30 trillion rupees.
Government can adopt sensitive attitude towards vaccination
According to sources, the budget speech of Finance Minister Nirmala Sitharaman is also likely to make a special mention for the health workers and border workers who have done their hard work and their duty to save the lives of millions during the epidemic. At the same time, according to sources, the government is likely to be sensitive to vaccination, which has been introduced in the fight against coronovirus.
Free vaccine design
“The idea is on how to include a scheme of free vaccine for people below the poverty line, the Department of Expenditure is currently assessing the expenses required for such a scheme. The idea here is that should the center alone pay for the free vaccine? Actually, the government is in favor of equal partnership between the states and the Center to pay this scheme.
Nidhi Malviya is fun loving girl. She writes at NoobFeeds about various topics related to Finance, Technology, Business etc.