Budget 2024: Pharma, health, med-tech sectors seek tax tweaks
Indian Pharmaceutical Alliance, an association of 23 leading pharma companies, seeks direct and indirect tax benefits from Budget to encourage research and investment in pharma sector
pharma sector
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Budget 2024: Pharma sector seeks quick approval process and tax benefits
Digitising regulatory submissions is expected to accelerate drug approvals, while new tax benefit policies are anticipated to boost R&D
Budget 2024: Will budget allocation for pharma sector increase this year?
The industry expects an enhanced healthcare spend of 2.5% of GDP to boost infrastructure and R&D activities.
Mankind Pharma to launch IPO this month; looks to raise around ₹4,700 cr
The IPO of the country’s fourth largest pharma company by domestic sales comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.
Budget 2023: 'Amrit Kaal' budget fails to give booster dose for pharma & healthcare
Budget allotted ₹89,160 crore for healthcare sector for FY2024, less than 3% increase from previous year. In FY23, spending on healthcare was only 2.1% of GDP.
USFDA inspections to be less disruptive for Indian pharma sector: Report
Indian pharma companies have increasingly de-risked their operations by slowly and steadily increasing sales to non-US markets, says India Ratings and Research.
Budget 2023 may offer Research Linked Incentive scheme for Indian pharma
RLI is expected to provide an extra financial cushion, in addition to the existing R&D sops available to pharmaceutical and biotech companies operating in India.
Surprise! Despite Covid-19 sales, Indian pharma an underperformer
A majority of pharma stocks reported double digit negative returns, while the overall market (BSE Sensex) delivered a 9% plus return.
Sluggish exports to hit pharma revenue growth: CRISIL
The domestic formulations market is expected to grow 7-9% this fiscal.
