Chennai, Sept. 4 -- Apollo Hospitals today welcomed the rationalization of GSTannounced by union Finance Minister Ms Nirmala Sitharaman and said it comesas a corollary to the tax cuts and 100 per cnet FDI in insurance announced in theUnion Budget.

In a statement here, Ms. Suneeta Reddy, Managing Director, Apollo Hospitals,said "We welcome the rationalization of GST, which comes as a corollary to thetax cuts and 100% FDI in insurance announced in the union Budget earlier thisyear.""Together, this provides a valuable platform to make healthcare more accessibleand affordable", she said.

"The reduction in GST rates of life-saving and other drugs, and the standardizationof GST for consumables are very positive steps both for the patient and fo...