Union Government caps prices of 24 essential drugs

Posted on:02 Aug 2016 18:31:48

Union Government caps prices of 24 essential drugs
02 August 2016 Current Affairs: The Union Government has capped the prices of 24 essential drugs used for treatment of cancer, HIV, bacterial infections, anxiety and cardiac conditions. In this regard, the Drug pricing regulator National Pharmaceutical Pricing Authority (NPPA) has issued an order. It revised ceiling prices of 24 scheduled formulations of schedule-I under Drugs (Price Control) Amendment Order, 2016. 

With this cost of these 24 essential drugs has been reduced by an average of around 25 per cent. Besides, NPPA also capped the retail price of 31 formulations under Drug Prices Control Order (DPCO), 2013.

National Pharmaceutical Pricing Authority (NPPA) :  NPPA is nodal government regulatory agency that controls the prices of pharmaceutical drugs in India. It functions under the aegis of Union Ministry of Chemical and Fertiliser. It advices Union Government in matters relate to drug policies and pricing. Besides, it also renders advice to the Union Government on changes/ revisions in the drug policy.

Essential medicines :  Essential medicines are those that satisfy the priority health care needs of the country’s population. They are listed with reference to the levels of healthcare namely primary, secondary and tertiary. 

They are generally based on the country’s disease burden, priority health concerns, affordability concerns etc. In India National List of Essential Medicines (NLEM) formed in 2011 decides the essential medicines. The list is prepared by the Union Ministry of Health and Family Welfare. The NLEM is a dynamic list and is reviewed every 3 years to include or exclude drugs as relevant to the newest medical innovations and aligned to the current market competition.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs August 2017

18 AUGUST
NEWS
17 AUGUST
NEWS
16 AUGUST
NEWS
14 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS