Ministry Of AYUSH for Rs.2,700 Crore Budgetary Allocation in 2015-16

cashMinistry of AYUSH has asked the finance ministry to hike the budgetary allocation for propagation and promotion of AYUSH to an extent of Rs.2,700 crore for fiscal 2015-16 from present level of Rs.400 crore, its Minister of State (IC) Mr. Shripad Yesso Naik said.

The drug controller for AYUSH would be provided with sufficient teeth to regulate the AYUSH as per new policy prescription, who would also be provided with a mandate to issue the certificate of pharmaceutical products (COPP) for exports of AYUSH products, said the minister pointing out that manufacturers of AYUSH would not be required to run from pillar to post to obtain it from the current arrangements.

He indicated that budgetary allocations for AYUSH until now were meager at about Rs.400 crore for fiscal 2014-15 which need to be multiplied in view of the emerging importance of evolving AYUSH and the ministry has already proposed to the finance ministry to take it to the level of Rs.2,700 crore for the next fiscal, beginning April 2015. [Source]

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