Budget Rating -7
 
 Budget Vision  – This year’s budget will give a boost to the infrastructure,  education, health, social sector and agriculture sectors as funds  allocation to these industries have been increased substantially. For a  primarily agrarian economy like India such measures can only bode well.
 
 Health Insurance Industry  – We were hopeful of some incentives/ positive stimulus for the health  insurance industry from the Finance Minister. In our opinion steps like  incentives, besides tax savings, for people buying health insurance and  allocation of resources for public private partnership to increase  health insurance penetration would have been a positive move for the  sector.
 
 What’s in it for the Common Man-  This year’s budget has kept the interests of the common man in mind.  Increasing of the Income Tax Exemption limit from 1.6 lacs to 1.8 lacs,  special concessions to Senior citizens on taxation, increase in fund  allocation for the infrastructure, education and health sectors, no  increase in service tax and central excise duty along with a thrust of  58,000cr.
 
 The author is Dr Damien Marmion, Chief Executive, Max Bupa Health Insurance.
                                                                                                                                                                                                          
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