Drugs more accessible to poor after price capping

Image
Press Trust of India New Delhi
Last Updated : Dec 04 2015 | 4:13 PM IST
Accessibility to essential medicines by poor people has been improved after capping prices of 530 drugs under the price monitoring mechanism, the Rajya Sabha was informed today.
Government had notified Drugs (Price Control) Order, 2013 on May 15 of the same year. All the medicines specified in the National List of Essential Medicines (NLEM) 2011 have been brought under price control.
"Consequent to the price fixation of drugs under this order, the accessibility to the poor has improved. Out of the total 680 NLEM medicines under scheduled category of DPCO 2013, NPPA (National Pharmaceutical Pricing Authority) fixed the ceiling prices in respect of 530 medicines", Minister of State for Chemicals and Fertilisers Hansraj Gangaram Ahir said in a written reply to the Rajya Sabha.
In addition, maximum retail price has been capped in respect of 106 non scheduled medicines, out of which 84 are used for treatment of cardiovascular diseases and 22 for diabetes, under Para 19 of the DPCO, 2013, the minister said.
Further, NPPA fixed the retail prices of 247 new drugs under Para 5 of the DPCO.
NPPA regularly monitors the prices of scheduled and non scheduled formulations under DPCO 2013, the Minister said.
He further added that no change in Schedule I to DPCO, 2013 has been made by the 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 04 2015 | 4:13 PM IST

Next Story