Budget 2024-25: Should Motivate Corporates to Invest in Public Health!

The Union Budget 2024-25 aims to motivate corporate investment in public health through tax incentives and Corporate Social Responsibility (CSR) initiatives. Key measures include increased funding for healthcare, such as the Ayushman Bharat scheme and new cervical cancer vaccination programs. The budget also highlights the need for public-private partnerships to enhance healthcare infrastructure and innovation. Despite these efforts, India’s health expenditure remains low compared to global standards, necessitating more robust fiscal support to achieve universal health coverage and improve rural healthcare services.

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Should Motivate Corporates to Invest in Public Health:-

1. Tax Incentives: Offering tax breaks and incentives for corporate investments in public health initiatives.
   
   
2. Public-Private Partnerships: Encouraging collaborations between the government and private sector for health infrastructure development.
   
   
3. Corporate Social Responsibility (CSR): Expanding CSR mandates to include specific public health projects.
   
   
4. Innovation Funding: Allocating funds for corporate-led innovations in healthcare technology and services.
   
   
5. Health Programs: Supporting corporate involvement in preventive health programs and community health outreach.
   
   

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