ESIC eyes pan-India expansion with healthcare facilities

October 20, 2016 by · Leave a Comment
Filed under: Events & Updates, Healthcare 

ESIC eyes pan-India expansion with healthcare facilities

The Employees’ State Insurance Corporation (ESIC) is likely to expand its services to over 650 districts nationwide as part of its second generation reforms. The corporation has decided to take in its fold all construction workers, ESI Insurance Commissioner Arun Kumar was quoted as saying at a PHDCCI seminar on ESIC.

ESIC is likely to propose charging financial contribution from the employers of construction workers to give them ESI benefits, which would be drawn from the various welfare boards in which the construction companies deposit their construction cess, he added.

He added that the proposal is being discussed at the higher level of bureaucracy within the Labour Ministry.

Elaborating on the issue of second generation reforms in ESIC, Kumar said ESIC now has its healthcare and hospital facilities around 300 districts where workers avail medical and healthcare facilities. These will be extended to all districts of India and the process will begin in March 2017.

(source : Business Line)

Apollo Group of Hospitals plans to raise Rs.450 crore for expanding the network of clinics

October 20, 2016 by · Leave a Comment
Filed under: Events & Updates, Healthcare 

Apollo Group of Hospitals plans to raise Rs.450 crore for expanding the network of clinics

A player in the healthcare industry will pick up equity in the group’s arm to infuse the funds.

The subsidiary will utilise the proceeds on expanding the number of clinics to 150 from the present 78.

Sangita Reddy, Joint Managing Director, Apollo Hospitals Enterprise Ltd (AHEL), however, has refused to divulge the quantum of equity that it is going to dilute.

“We are going to complete the fund raising process this financial year,” she said.

Apollo Clinics, which runs multi-speciality clinics, is part of the Apollo Health and Lifestyle Ltd (AHLL), a wholly-owned subsidiary of AHEL. “After consolidating the network in top tier cities, we will fan out the concept to tier-II and III cities such as Vijawayada and Visakhapatnam,” she said.

The group, which has just completed a Rs.1,800-crore expansion project, will be crossing the 10,000-bed mark next month with the opening of the 600-bedded Mumbai facility.

The group will be holding international conferences in Chennai this week.

The seventh edition of Transforming Healthcare with IT and the sixth International Patient Safety Congress-2016 will be held on October 21 and 22.
The Patient Safety conference will come out a set of recommendations to the government.

(This article was published on October 18, 2016 Business Line)

CII Healthcare Forum Meeting on 14th October 2016 between 4 to 6 pm – Theme – Trust Deficit in Healthcare…. The Void

October 12, 2016 by · Leave a Comment
Filed under: Events & Updates, Health Insurance, Healthcare 

CII E-mailer Final

Govt notifies tax rebate for 7 districts in Andhra Pradesh

Government has announced Tax Incentives for the following Seven Districts in Andhra Pradesh to boost the Industrial activities.

  • Anantapur
  • Chittoor
  • Cuddapah
  • Kurnool
  • Srikakulam
  • Vishakhapatnam
  • Vizianagaram.

The Central Board of Direct Taxes (CBDT) has notified these seven districts of the State of Andhra Pradesh as backward areas under section 32(1)(iia) and section 32AD of the Income-tax Act, to avail the tax benefits.

“Accordingly, any manufacturing undertaking set up during the period from April 1, 2015 to March 31, 2020 in these districts of Andhra Pradesh is eligible for 15 per cent of higher additional depreciation and 15 per cent of investment allowance on the cost of plant and machinery acquired by it during the said period”.

The aforesaid incentives are in addition to other tax benefits available under the Income-tax Act.

Please click here for CBDT Government notification

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