India on Saturday cut taxes on medical equipment such as oxygen concentrators and drugs used to treat COVID-19 infections, after widespread criticism over healthcare costs during a devastating second wave of the virus in April and May. The government cut taxes on medical grade oxygen, ventilators, the remdesivir antiviral drug, diagnostic kits, pulse oximeters and hand sanitizers to 5% from 12-18% with immediate effect. The new levies will be in place until the end of September, Finance Minister Nirmala Sitharaman said, adding it would include taxes on electric furnaces in crematoriums and ambulances.
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