National Pharmaceutical Pricing Authority
About NPPA
- The National Pharmaceutical Pricing Authority (NPPA), was established in 1997 as an independent body of experts to regulate the pricing of drugs.
- It has been constituted as an attached office of the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.
- The Authority has been entrusted with the task of
- Fixation/revision of prices of pharmaceutical products (bulk drugs and formulations),
- Enforcement of provisions of the Drugs (Prices Control) Order (DPCO).
- Monitoring of the prices of controlled and decontrolled drugs in the country.
- The NPPA currently fixes prices of drugs placed in the National List of Essential Medicines (NLEM) under Schedule-I of the DPCO.
- Non-scheduled drugs are allowed an increase of up to 10 per cent in prices every year, which is monitored by the NPPA.
- NPPA can also fix the price for non-scheduled drugs by invoking extraordinary powers in public interest, under the Drugs (Prices Control) Order, 2013.
Why in News?
- Prices of N-95 Masks are being reduced by the Importers/Manufacturers/Suppliers of N-95 Masks after an Advisory issued by NPPA.
News in Detail:
- The Government has notified N-95 Masks as an essential commodity under the Essential Commodities Act, 1955.
- Hoarding and black-marketing of the essential commodity is a punishable offence under the Act.
- To keep a check on the hoarding and black-marketing of the essential commodity, the NPPA had directed all States/UT Governments to ensure sufficient availability of surgical and protective Masks, Hand Sanitizers and Gloves at prices not exceeding the Maximum Retail Price printed on the pack size.
Essential Commodities Act, 1955
|
Subscribe
Login
1 Comment
Oldest