Consumers are in for a relief as prices of drugs in the National List of Essential Medicines (NLEM) will remain flat, in line with the change in the wholesale price index (WPI) this year.
In a notification issued on Wednesday, the National Pharmaceutical Pricing Authority (NPPA) said the annual change in WPI worked out to be 0.005 per cent during the calendar year 2023 over 2022. According to Para 16(2) of the Drug Price Control Order (DPCO) 2013, the manufacturers may increase the maximum retail price (MRP) of scheduled drugs on the basis of this WPI, the notification said.
Therefore, effectively, in 2024 the prices of NLEM drugs or scheduled drugs will remain flat. The price hikes allowed (in line with change in WPI) were 12.12 per cent in 2023 and 10.7 per cent in 2022, respectively.
هذه القصة مأخوذة من طبعة March 29, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة March 29, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Hey, Siri! Let's Talk About How Apple Is Giving You An AI Makeover
Each June, Apple unveils its newest software features for the iPhone at its futuristic Silicon Valley campus. But at its annual developer conference on Monday, the company will shine a spotlight on a feature that isn't new: Siri, its talking assistant, which has been around for more than a decade.
Moratorium reduced for health policy but full disclosure crucial
Use 30-day free-look period mandated by Irdai master circular to assess the policy's coverage
Indian GCCs: Captives to e-twins
Global capability centres (GCCs) in India have come a long way from the early 1990s when they were referred to as 'captives' of their global headquarters (HQs) to today, when they are emerging as the 'digital twins\" of their HQs, replicating the work done at their parent organisations and adding more value than ever before.
MONETISING 5G
Is fixed wireless access the answer to the monetisation prayers of Reliance Jio and Airtel?
Politics, exit polls, market and retail investors
Are retail investors reading the market better than institutional investors? Are they getting smarter?
Smart meters power change in business
Devices help electricity firms in preventing leakages and improving revenue by providing real-time data
Pharma companies up their dose of tech
Industry is using AI and digital tools to improve processes and help patients
Flooded with data? Insights industry will help you now
Anticipating change is a strong weapon in an uncertain world.
CHAOS CASHOUT: RETAIL INVESTORS SPIN TO WIN... ...AS THEY RIDE THE ELECTION CAROUSEL TO RICHES
Market crash? No problem. Retail investors snap up shares worth nearly $21,200 cr
Hero MotoCorp's growth mileage: Rural recovery to power market share ride
To fuel its engine with rural focus, electric innovation, new product cycle
