Navigation Links
MRP of drug to include local tax – Paswa

Shillong, June 4 From October two, the printed Maximum Retail Price on any drug would also include local tax and buyers would not have to pay any additional price over it//, Union Chemcial and Fertilisers Minister Ram Vilas Paswan said today.

What happended now was the sellers added local taxes over and above the MRP printed on the drugs, thus forcing a buyer to pay more, Paswan told reporters here asserting that practice would be stopped.

The ministry, which controlled the price of 74 medicines, was formulating a policy, Paswan said.

It decided to bring all the 354 'essential' drugs under its control to check arbitrary pricing by the manufacturers.

The manufacturers were given time from July one to October two to dispose of the existing stock and the new practice would start from October two next, the union minister said.

The ministry also asked the manufacturers to start printing the MRP in Hindi apart from English from October two this year.

Paswan said the turnover of the market was Rs 25,000 crore and there was always a tendency of some manipulation on price.

(Source:PTI News)
'"/>




Page: 1

Related medicine news :

1. Food labels to include information on trans fats in US
2. Immunisation programme to include vaccine against Pneumococcal disease
3. Region in the brain in-charge of face recognition includes object recognition as well.
Post Your Comments:
*Name:
*Comment:
*Email:


(Date:3/22/2017)... ... 2017 , ... Soriant recognizes that identifying savings opportunities can ... facilities across the country are always forced to focus on costs and budgets. ... country, an efficient and quick way to estimate savings potential within specific support ...
(Date:3/22/2017)... ... March 22, 2017 , ... In ... and print media enterprise focused on cancer patients, cancer centers and advocacy groups, ... special 12-part educational video series, “No Ifs, Ands, or Butts,” that focuses on ...
(Date:3/22/2017)... ... March 22, 2017 , ... ... that its digital marketing solutions have enabled Children’s Hospital of The King’s Daughters ... , Recognizing the value of a digital marketing approach, the 206-bed pediatric ...
(Date:3/22/2017)... ... 2017 , ... An intensive search of the medical literature has revealed no ... PhD. He says investigating this possibility, is important because Miami-Dade in 2016 ... infections with HIV. , His findings appear on Analizir.com. . Dr. ...
(Date:3/22/2017)... ... March 22, 2017 , ... University Orthopedics (UOI) today ... Division of Hand, Upper Extremity and Microvascular Surgery at Newport Hospital. Dr. Bragdon ... both Orthopedics and Hand Surgery. , As the leader of comprehensive orthopedic ...
Breaking Medicine News(10 mins):
(Date:3/22/2017)... MarketNewsUpdates.com News Commentary  ... As ... oil continues to rise in popularity with consumers, Cannabis ... enhancing production through acquiring innovative assets and other plant ... include: Future Farm Technologies Inc (OTC: FFRMF) (CSE: FFT.CN), mCig, ...
(Date:3/22/2017)... 2017 Biosensors International Group, Ltd. ("Biosensors" or the ... the enrollment of the first American patient in LEADERS FREE II, its ... will include sites in the United States , ... Italy , and the United Kingdom . ... The BioFreedom drug-coated stent (DCS) ...
(Date:3/22/2017)... SAN DIEGO , March 22, 2017 /PRNewswire/ ... company, announced today that it has entered into ... direct placement of 1,312,000 shares of common stock ... aggregate gross proceeds of $3,148,800.  The offering is ... 2017, subject to satisfaction of customary closing conditions. ...
Breaking Medicine Technology: