Cancer, Diabetes Treatment Cheaper: Finance Minister Announces Major Relief
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News18•01-02-2026, 12:46
Cancer, Diabetes Treatment Cheaper: Finance Minister Announces Major Relief
- •Finance Minister Nirmala Sitharaman announced significant reductions in customs duty and taxes on medicines for cancer, diabetes, and autoimmune diseases.
- •Customs duty will be abolished on 36 life-saving drugs for cancer and rare diseases, easing financial burden on patients.
- •Six additional life-saving drugs will receive a concessional customs duty of 5 percent, extending affordability.
- •The government plans to establish 200 day-care cancer centers in district hospitals over the next three years, starting with 2025-26.
- •This initiative aims to make advanced cancer treatment accessible locally, reducing the need for patients to travel to major cities.
Why It Matters: Life-saving drugs for cancer, diabetes, and autoimmune diseases will become significantly cheaper and more accessible.
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