Union Government allocates Rs 5000 cr for development of AYUSH

Union Government has allocated 5,000 crore rupees for the growth of Department of AYUSH, that comprises Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy.
It was announced by Union Minister of State (MoS) for AYUSH Sripad Naik at a function in Mumbai, Maharashtra.
The allocation of additional funds to Department of AYUSH will help it to create awareness about Ayurveda and promote traditional ayurvedic medicines at international level.
India and China are two prominent players in the field of traditional medicines at international level. However, traditional Chinese medicines have seen easy acceptance across the globe, but the Indian Ayurvedic medicines are yet to gain global acceptance.
In the last ten years, Indian traditional medicines have seen a 25 per cent rise in sales at the international level. Union Government also focusing to address the issues in order to compete at international level.
Department of AYUSH also has launched an independent National AYUSH Mission aimed at capacity building for the sector. It is also planning to observe Ayurveda Day for creating awareness about Ayurveda.

Month: Current Affairs - May, 2015