Millennium Post

No increase in prices of essential medicines: Govt

Refuting Opposition's contention, the government on Friday said there had been no increase in the prices of essential drugs in the last six months.

Prices of 44 drugs and 108 formulations have actually come down during the period, Chemicals and Fertiliser Minister Ananth Kumar said in Rajya Sabha.

He refuted suggestions that price of some drugs used to treat tuberculosis, AIDS, diabetes and heart ailments were on the rise following decontrolling of these drugs.

National Pharmaceutical Pricing Authority (NPPA), he said, through a notification in July had capped the maximum retail price of 108 non-scheduled single ingredient drug formulations related to treatment for diabetes and cardiovascular diseases.

"Out of 108 medicines, only two notifications were withdrawn because they were already covered as scheduled medicines. A large number of manufacturers have already implemented the price reduction," he said.
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