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Coronavirus

India cuts taxes on medicines and equipment to treat COVID-19

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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.

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The government cut taxes on medical grade oxygen, ventilators, the remdesivir antiviral drug, diagnostic kits, pulse oximeters and hand sanitizers to 5 percent from 12-18 percent with immediate effect.

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