SME Times is powered by   
Search News
Just in:   • Biden administration forgives $4.7 billion loans to Ukraine  • Women entrepreneurs driving innovation, growth in gem & jewellery sector: Smriti Irani  • India’s export outlook brighter as manufactured goods gain share: RBI  • India’s consumer durable makers to log 11-12 pc growth in FY25  • SEBI’s proposal on SME IPOs: striking a delicate balance 
Last updated: 31 Jul, 2024  

RamVilasPaswan.THMB.jpg India to reduce medicine prices

RamVilasPaswan.jpg
After excise duty reduction, all drug companies should reduce prices of their medicines by 4.58 percent: Ram Vilas Paswan
   Top Stories
» India’s export outlook brighter as manufactured goods gain share: RBI
» Private consumption driving growth in Q3 with rural India taking lead: RBI
» Indian MSMEs create about 10 crore jobs in 15 months
» Indian prefer Q-commerce for daily essentials, physical stores for high-value buying
» Embedded finance to unlock $25 bn revenue opportunity for India’s platforms by 2030
Staff Reporter | 24 Apr, 2008
India will reduce prices of all drugs by nearly five percent and develop injections for combating life threatening infections, the pharmaceutical advisory forum said here Wednesday.

"As a result of reduction in excise duty from 16 percent to 8 percent, all drug companies should reduce prices of their medicines by 4.58 percent," said Minister for Chemicals and Fertilisers Ram Vilas Paswan, who heads the forum.

The forum concluded a two-day meet here Wednesday. State health ministers, drug controllers and representatives from industry, trade, NGOs and consumer organisations participated.

“The National Pharmaceutical Pricing Authority will start a 24-hour call centre for registering complaints on medicine prices. The call centre will also guide the caller on the complaints lodged by them,” Paswan said.

Naming a few drugs, the minister said generic drugs of Cetrizine, Omeperazole and Nimusilide will be brought under price control.

About new drugs, he said the government-run Indian Drugs and Pharmaceuticals Ltd (IDPL) will launch an over-the-counter oral contraceptive pill for women and a new oral rehydration salt.

New injections for combating life threatening infections would also be launched under the trade name of Halpen, he said.

The minister said that state governments would issue directions to doctors in government hospitals to prescribe mainly generic drugs. To make this effective, one generic drug store would initially be opened in each district. Drugs from public sector pharma companies will be supplied to them, Paswan said.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter