Indian Budget 2010-2011 - Pharmaceuticals and Life Sciences Snapshot

The Indian Finance Minister presented the Union Budget for 2010-2011 in Parliament on February 26, 2010. The Budget is a continuation of the Government's measured and balanced response to the global economic crisis. The changes, except for certain procedural amendments which will be effective on various dates, will be effective from April 1, 2010, once the proposals are passed by both Houses of Parliament and receive Presidential assent.

From a Pharmaceutical point of view, there are a number of specific proposed amendments with implications for both direct and indirect taxes.