Author: City Today News (City today.media)

BUDGET Reaction 2020

Post Budget Comment from Dr. Somesh Mittal, Managing Director & CEO, Vikram Hospital Bengaluru

“We are happy that the Government has announced Rs 69,000 crore for the healthcare sector of which PM Jan Arogya Yojana will get Rs 6,400 crore. This will go a long way towards ensuring better healthcare and treatment. 20,000 empanelled hospitals under Ayushman Bharat will help lakhs of poor and middle class people and this initiative of the government is a welcome move. PPP mode hospitals planned to be set up in 112 districts will further empower the poor and under privileged to avail medical services. Overall, a good budget from the healthcare sector perspective.”

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Post budget quote on Ed Tech by Mr Manit Parikh, Country Head India, ELSA Corp  (English Language Speech Assistant Corporation), “For India to have a $5 trillion economy, the youth have a key role to play in enabling this goal. The advantage of the ‘youth dividend’ needs to be channelised and enabled to put the country on the global map. There is a huge demand for individuals in various industries ccountries internationally as well. However, the skills do not match in accordance to demand by employers. So, by the government proposal of Rs 3,000 crore it allows the country to create quality skill development which will be available at affordable cost, focusing on 5 key components that are Visual, Reading, Listening, Speaking and Thinking among others are very important, especially via the use of emerging technologies such as Artificial Intelligence (AI), Augmented Reality (AR) / Virtual Reality (VR) and more. There have been many Ed Tech companies in India like BYJUs, ELSA Speak and more who are at the forefront of this by engaging with both youth and adults in Tier 1 cities and beyond to empower and uplift them to have jobs and move away from ones which may soon become obsolete.”

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post budget comment from Mr. Akhil Jain, Executive Director, Madame, a Retail brand:

‘’National Technical Textile Mission with an outlay of Rs 1,480 crore is a great move by Finance Minister. The bigger chunk of this investment must be utilised for skill development, tech and automation to get higher efficiency for faster and cost effective produce. We are really happy about the personal income tax reduction in the budget, which should add positive sentiments overall and spur the consumer towards spending that was on hold in the previous 2-3 years’’ says Akhil Jain, Executive Director, Madame, a Retail brand.

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Post Budget comment from Rashie Jain, CEO & CO-founder of Onco.com.

““The allocation of 69,000 crores in the budget towards better healthcare for tier 2 and 3 towns, is a welcome move. Extending Jan Arogya Yojana to bring more underprivileged within the insurance ambit will go a long way towards ensuring better healthcare and treatment options. We are positive about the measures taken in the budget to make healthcare for all a priority.”

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