Proposal to Have Drug Price Monitoring Cells Across the Country

Image
Capital Market
Last Updated : Feb 25 2015 | 9:15 AM IST
The Government proposes to set up drug price monitoring cells across the country to keep a close watch on price movements, collections, monitoring of availability of drugs etc. A proposal has been received by the Ministry of Chemicals & Fertilizers from National Pharmaceutical Pricing Authority (NPPA) in which NPPA has proposed for revision/modification of the existing Plan Scheme of Consumer Awareness and Publicity through Print, Electronic and Other Media.

The proposal, inter-alia, has a component for Setting up Consumer Awareness, Price Monitoring and Resource Units at the States / Union Territories with the objective of forging better linkages with the State Drug Controllers. The Units are expected to provide necessary technical assistance to the State Drug Controllers and NPPA towards monitoring the notified prices of medicines, price movement of scheduled / non-scheduled medicines, collection and compilation of market based data of scheduled / non-scheduled medicines, conducting training, seminars and workshops at the State and District levels for consumer awareness and publicity covering aspects relating to availability of scheduled and non-scheduled medicines at reasonable prices, care to be taken while purchasing the medicines from the chemists / retailers, availability of alternative cheaper medicines, role and function of NPPA, etc. Most of the State Drug Controllers have in-principle supported the proposal for setting up the units at the States / UTs level. The proposal is yet to be placed before the appropriate Committee for approval.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 25 2015 | 1:36 AM IST

Next Story