Medicine prices have reduced: Ananth Kumar

Image
IANS New Delhi
Last Updated : Dec 18 2014 | 2:15 PM IST

The government Thursday insisted that the prices of medicines had come down under the Narendra Modi government over the last six months and said that it was committed to encourage the use of generic drugs.

"In the last six months, no prices of medicines have been hiked. There is no question of sky-rocketing medicine prices," Chemicals and Fertilizers Minister Ananth Kumar said while replying to a calling attention motion in the Lok Sabha.

"In fact, the prices of drugs have come down under the Modi government," he said.

The minister said that the government has set up an integrated pharmaceutical database system and price monitoring resource units for drugs in each state.

"The Modi government's aim will be to provide good quality affordable medicines to people," he added.

He said that 3,000 outlets for generic medicines will be set up across the country.

Health Minister J.P. Nadda, who was asked to intervene, said in order to check spurious drugs, there was a need to increase the quality and manpower in laboratories across the country.

Participating in the debate, Congress MP Ranjit Ranjan said the government needs a law to ensure that only generic medicines are subscribed by doctors.

"We need a regulatory body to protect patients, and keep a watch on doctors," she added.

Another Congress MP Sushmita Dev said the National Pharmaceutical Pricing Authority has been rendered virtually defunct by the current government.

*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: Dec 18 2014 | 2:08 PM IST

Next Story