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Tax cut won’t mitigate high prices for cancer, rare diseases medicines, say patient advocacy groups

Photo used for illustration purpose only. | Photo Credit: Getty Images/iStockphoto The recent Union Budget announcement provided custom duty waiver to 36 exorbitantly priced cancer and rare diseases drugs, but patient advocacy groups highlight that the tax cut doesn’t tackle the underlying problem of high prices due to patent monopolies that block local production and offer very little to ease…

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Cancer drugs, critical minerals get duty relief; lithium ion battery production to get a boost

For the manufacturing industries and MSMEs, cobalt powder and waste, scrap of lithium ion batteries, lead, zinc, and 12 more critical minerals will be added to the list announced in the Budget last July for complete BCD exemption. | Photo Credit: Getty Images/iStockphoto Union Finance Minister Nirmala Sitharaman announced measures in the Budget to rationalise…

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