Times News
Rupali Mukherjee New Delhi
The rate of antibiotics, anti-allergic, malaria and vitamin-C drugs is going to increase. The central government has approved a 50 percent increase in the ceiling price of 21 important drugs. Drug price regulator NPAA said on Friday that the ceiling price of 21 important drugs can be increased by 50 percent. The price is determined by the government, the price of medicines is determined by the company on the basis of the market.
Forma sector has long been seeking to revise price from NPPA . They said that the raw component used to make medicine has become expensive, so allow the price to be increased once. Many components are manufactured in China from medicine and prices have risen by almost 200% due to trade war.
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According to the rule, the price of medicines is decided on the basis of the market. Its price is not decided on the basis of costing. However, the government has made special regulations for essential medicines. Its availability is everywhere and they are very cheap.
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