In a bid to make people available medicines in cheaper rates, the Government has capped price of 1032 essential medicines, the Minister of State for Chemicals and Fertilisers Mansukhlal Mandavia said.
While answering to a set of questions in Rajya Sabha on Friday, the Upper House, the minister said the move has benefitted poor people.
The government is attempting to provide 700 medicines in Jan Aushadi Stores and a total of 20 truck loads of medicines are being supplied to such stores per day for providing medicines at cheaper rates to the poor, he informed the House.
Trade margins of 42 medicines relating to cancer and other diseases have also been fixed, which in turn helped bring down their price by 90 per cent, he said.
“A total of 526 formulations are now available at 90 per cent less rates than the market, after the government has taken this initiative of fixing trade margins,” the minister said.
When prodded to answer about any checks on pharma producers selling such medicines at higher rates, the minister said,
With an aim to dissuade pharma producers selling medicines at higher rates, the National Pharma Pricing Authority has been set up by the government, he said.