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:7/24/2017)... PA (PRWEB) , ... July 24, 2017 , ... Summer ... rain storms wreak havoc across communities and often result in massive tree damage requiring ... actions homeowners can take now including tree trimming, tree cabling and hazardous tree removal. ...
(Date:7/24/2017)... Falls Church, VA (PRWEB) , ... July 24, ... ... is figuring out how to change manufacturers future. , The agency is hammering ... Century Cures Act, one of the farthest-ranging laws ever to affect FDA-regulated firms. ...
(Date:7/24/2017)... ... July 24, 2017 , ... Advanced Dermatology, ... Bellmore, New York, (516) 784-5858. The office opened earlier this summer and is ... Friedman and Fruma Leah Wiederman. , Advanced Dermatology, P.C. founder and medical ...
(Date:7/24/2017)... ... 24, 2017 , ... “Nana Nana Boo Boo”: a delightful tale of a ... “Nana Nana Boo Boo” is the creation of published author Michael Rush, a Deputy ... Faith Publishing, Michael Rush’s new book presents the importance of manners in a way ...
(Date:7/24/2017)... ... ... “Journey to the Light: The Quest for Happiness and Love. . . ... finding herself. “Journey to the Light: The Quest for Happiness and Love. . ... of newsletters, manuals, and articles, who has recently decided to expand her literary horizons ...
Breaking Medicine News(10 mins):
(Date:7/5/2017)... Pace Analytical, a company of over 2,000 employees and a leader in environmental ... Sciences, further solidifying their position as the top American owned and operated environmental ... ... Analytical ... Mt Juliet, TN , enhances Pace Analytical,s capability as an innovative full ...
(Date:6/30/2017)... June 30, 2017 In vitro diagnostics market ... of May, at least ten diagnostic companies have successfully ... public offerings and a loan facility.  The size of ... $80 million.  Kalorama Information provides a monthly IVD ... Diagnostics Knowledge Center. ...
(Date:6/27/2017)... June 27, 2017  Therapix Biosciences Ltd. (Nasdaq: ... specializing in the development of cannabinoid-based drugs, today announced ... Opening Bell in New York, NY ... its initial public offering (IPO) of American Depository Shares ... 2017. Dr. Elran Haber, Ph.D., Chief Executive ...
Breaking Medicine Technology: