investments – Herald Post

Union Budget 2025: Boosting Health-Tech Innovation, Investments, and ‘Make in India’ for MedTech

Sat, 22 Feb 2025 13:58:41 +0000

By Amit Gandhi
Founder and CEO – The Insight Tribe

The healthcare technology sector anticipates that the Union Budget 2025 will introduce measures to attract investments and foster innovation. Establishing dedicated healthcare technology parks and incubators will provide startups with opportunities to collaborate with research institutions, driving advancements in the sector. Offering tax incentives to investors supporting early-stage health-tech firms can further boost venture capital inflows. Additionally, reducing import tariffs on advanced biomedical devices will ensure that Indian healthcare professionals have access to the latest diagnostic and therapeutic tools, improving patient care outcomes.

A key expectation from the upcoming budget is the reinforcement of the ‘Make in India’ initiative for the MedTech sector. Encouraging domestic manufacturing of medical devices is crucial to reducing reliance on imports and building a self-sufficient ecosystem. By offering incentives and streamlining regulatory approvals, the government can support local production and innovation, creating employment opportunities and positioning India as a global hub for cost-effective, high-quality healthcare solutions. Strengthening supplier collaborations and fostering a robust ecosystem will further enhance efficiency and scalability, making Indian healthcare technology more competitive on a global scale.

Investment in research and development (R&D) is another critical area requiring attention. Increased funding for healthcare R&D, incentives for private sector participation, and public-private partnerships can drive innovation. Policies that promote AI-driven healthcare applications will accelerate advancements in diagnostics, personalized medicine, and operational efficiencies. Additionally, as digital health expands, safeguarding patient data must remain a priority, necessitating government investment in strong security frameworks and technologies such as blockchain to enhance transparency and interoperability.

Finally, expanding the Ayushman Bharat Digital Mission and integrating health-tech solutions within public health services will be vital in strengthening India’s healthcare infrastructure and making quality care more accessible to all.

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SBI and Union Bank Increase FD Rates for Better Returns, Senior Citizens Benefit

Thu, 28 Dec 2023 05:50:08 +0000

State Bank of India (SBI) and Union Bank have hiked interest rates on fixed deposits (FDs) of less than two crore rupees by up to 0.50%. The increased rates on select tenure FDs have come into effect from December 27 for both banks. SBI stated that FDs ranging from seven days to 45 days will now yield an additional interest of 0.50%, resulting in a total of 3.50% interest. FDs ranging from 46 days to 179 days will offer an extra 0.25% interest, totaling 4.75%. The highest interest of seven percent will be provided on FDs with durations of two to three years.

This move is aimed at providing senior citizens with higher returns on their investments. Union Bank of India announced an increase of up to 0.25% on FD interest rates. According to the bank, deposits held for seven to 14 days will now accrue three percent interest. Meanwhile, deposits ranging from 121 days to 180 days will earn an interest of 4.4%, and those held for a year will yield 6.30%. The bank has further declared that its customers will receive seven percent interest on deposits held for 399 days, while FDs with tenures spanning five to ten years will yield 6.70% interest. Both SBI and Union Bank of India have confirmed that senior citizens will receive an additional 0.50% interest on FDs.

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Empowering Couples: Joint Financial Decisions for a Secure Future in Times of Inflation

Sat, 17 Jun 2023 15:48:56 +0000

In view of the increasing inflation, now that time has gone when there was only one earner in the house. Nowadays women are also running the family like men.

Hence, earning and investing for both husband and wife after marriage can be a powerful way to secure their financial future. When it comes to financial management together, there are certain rules that both husband and wife must follow to ensure transparency, cooperation and mutual trust.

Joint financial decisions help you save for future investments, expenses and retirement. Today we will tell you some guidelines which you can keep in mind while taking joint financial decisions.

Keep A Budget

Together, husband and wife should create a budget that reflects their financial goals and priorities, track their income and expenses, allocate money for essential expenses, and save. Make your budget according to the need and keep in mind that both agree with that budget.

Set General Financial Goals

When you want to spend life together, it is very important that both of you have the same financial goals so that there is no problem in budgeting. For this, it is very important that both of you identify each other’s financial goals and work together. Home EMI, retirement planning, loan repayment, etc. can be included in these expenses.

Review Regularly

Check the goals you have made at regular intervals and make changes as per the need. Keep in mind here that any change in the goal should be with the consent of both.

Support Each Other’s Decisions

In taking financial goals, it is very important that you understand and support each other. Celebrate achievements together and be there for each other during challenging times.

Get Expert Advice

We sometimes don’t understand certain things in making financial decisions, so always seek expert advice when it comes to money.

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Empowering Financial Partnership: Guidelines for Couples in Managing Joint Finances

Sat, 17 Jun 2023 15:48:47 +0000