The government has reduced the prices of 886 medicines
by paring both wholesale and retail margins.
According to the new guidelines, wholesale dealers will
get 15 per cent margin while retailers will get 35 per
cent over the cost of manufacturing of generic medicines,
minister of chemicals and fertilisers Ram Vilas Paswan
government order covers anti-diabetic drugs, antibiotics,
cough syrups, painkillers as well as those used during
surgical operations for the cure of infectious diseases
and for the treatment of hypertension.
said the factoring of all local taxes in the MRP of medicines
has already taken into effect from 2 October, adding,
"medicines manufactured on or after October 2 may
take four-six weeks to reach the retail counters."
current list of 886 medicines is the first in the series
and the government would extend margin rules to more such
medicines, he said .
'national pharmaceutical pricing authority' would continue
to fix the price of formulations without local taxes and
manufacturers would have to add the element of local taxes
to arrive at the MRP, Paswan said.
said the government proposes to enact a Drugs (Prices
Regulation and Control) Act to have effective control
on prices, production, distribution and supply of medicines.