17 May, 2021

Modicare: Insurance Policy 2019

Jaitley promises succour, belatedly, to aggrieved sectors. But is it too thin a supply of oxygen for India’s distressed?

Modicare: Insurance Policy 2019

Vox Pupuli

A pro-poor, pro-farmer language dominates. Even if the the middle class, the BJP’s core constituency, is alienated.

  • New National Health Protection Scheme to provide health insurance cover of Rs 5 lakh to 10 cr poor families
  • 24 new medical colleges and hospitals, at least one in each state
  • Rs 3,794 cr allocated for MSME sector as credit support, capital and interest subsidy on innovation
  • Corporate tax on MSMEs with turnover of up to Rs 250 cr reduced from 30 per cent to 25 per cent
  • Compulsory EPF contribution for women reduced from 12 per cent to 8 per cent for first three years
  • Disinvestment target for 2018-19 set at Rs 80,000 cr
  • No change in income tax. Standard deduction of Rs 40,000 to be reintroduced; medical, travel benefits to go
  • Tax exemption on interest income, medical insurance, up to Rs 50,000 to benefit senior citizens
  • Long-term capital gains tax on...

More from Lola Nayar

Latest Magazine

May 24, 2021

other articles from the issue

articles from the previous issue

Other magazine section