IIHMR Delhi

In India many types of tax systems were prevailing in the past, and during British period, there were significant changes in the taxation system. There after many changes took place time to time. To make the Indian Tax system more uniform, Goods and Services Tax has been introduced in India form 1 st July 2017.  What is Goods and Services Tax (GST) GST is hailed as the biggest tax reform since independence. Parties on both sides of the political divide say it is a good initiative but may disagree on preparedness to implement and the rates on various goods. It will include all taxes at various stages of value addition inproduction process of goods and servicesi.e. buying raw material, manufacturing of components and final product, warehousing, and transportation and final sale to customer. These taxes were levied by multiple authorities such as local (municipalities), state and central governments. The final customer will pay GST while purchasing from the last dealer. T

Indians have provided substantial inputs to digital revolution across the world. However within India we have only recently started efforts to harvest the benefits for the Indian population. The recently launched ‘Digital India’ strategy in 2014, has made many  government services available online cutting down delays, red tapism and corruptions. The ‘Make in India’ launched in 2014, encourages Indian and multinational companies to manufacture technology and medical devices in India. Bharat Net’s aim is to connect India’s 250,000 Panchayats at an estimated cost of $ 18 billion.Health and education have been identified as priority areas to benefit from this connectivity. The Digital India, National Skill Development Corporation,Swachh Bharat Abhiyan and Kayakalp Awards, creating ‘Smart Cities’ are some more opportunities to mention. Ministry of Health & family Welfare promotes innovation in public health Considering the tremendous potential in technology to compliment, accel

The billion dollar industry of global healthcare  is experiencing a huge expansion across almost all of its segments. The exponential growth of the sector and its sub-segments have been stirred by various factors and government initiatives over time, given the right resources. Amid all the impressive progress, several segments of the industry are emerging as a prominent game changer. At present, the Indian healthcare sector is becoming the leading destination for high-end diagnostic services and medical tourism in catering to the needs of the greater population. The stakeholders are laboratory market players, laboratory equipments, companies involved in research and development and the new entrants and venture capitalists who wish to invest in diagnostic markets in future. Today’s increasing technological advancements and growing need for preventive treatments have facilitated the demand for advanced diagnostics and pathology. As a result, the Indian diagnostic market t