Big Relief: 17 Cancer, Diabetes & Rare Disease Drugs to Get Cheaper After Import Duty Exemption
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News18•01-02-2026, 15:08
Big Relief: 17 Cancer, Diabetes & Rare Disease Drugs to Get Cheaper After Import Duty Exemption
- •Union Finance Minister Nirmala Sitharaman announced import duty exemption for 17 cancer drugs and 7 drugs for rare diseases.
- •This move is expected to significantly reduce the prices of these essential medicines, lowering treatment costs for patients.
- •The budget also allocates 10,000 crore rupees to the biopharma project and 40,000 crore rupees for 'Semiconductor Mission 2.0'.
- •Focus areas include tax, agriculture, health, education, and technology, aiming to improve the quality of life for common people.
- •Additionally, 'Khelo India' mission and Make-in-India initiative are set to make sports equipment and mobile phones cheaper.
Why It Matters: Import duty exemption on 17 cancer and 7 rare disease drugs will make them cheaper, providing major relief.
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