Apollo Hospitals expects tax exemption on forex earnings in the Budget

Commenting on plans to reduce promoter pledged shares, Reddy said that while they would be brought down to around 28 per cent by the end of the current quarter

Apollo Hospitals Group is expecting the Union Budget 2020 to bring in tax exemption for foreign exchange earnings, which may help medical tourism, and a return of the 150 per cent weighted depreciation scheme under the ambit of income tax, in some form.

Speaking to Business Standarad on the sidelines of announcing a tie up with Bajaj Finance for a first-of-its kind Health EMI Card, Suneeta Reddy, managing director of Apollo Hospitals Group said, "We expect that there will be something for infrastructure spent. We hope the government will consider tax exemption for foreign exchange earning, because now it is about