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Pharma cos told to cough out Rs38.15 cr from overcharging

Pharma cos told to cough out Rs38.15 cr from overcharging
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First Published: Mon, Feb 26 2007. 06 45 PM IST
Updated: Mon, Feb 26 2007. 06 45 PM IST
PTI
NEW DELHI: The government has asked pharmaceutical companies to give up Rs38.15 crore they had made from overcharging for drugs under the price control, of which Rs99.99 crore has been recovered.
“National Pharmaceutical Pricing Authority (NPPA) has raised a total of Rs738.15 crore in 397 cases since August 1997, pertaining to overcharged amount on various drugs, of which it had recovered Rs99.99 crore till December 2006,” Minister of State for Chemicals and Fertilisers B. K. Handique informed the Lok Sabha on 26 February.
“NPPA continues to take appropriate action regularly for recovery of the overcharged amount. In some cases the recovery is affected due to the High Court and Supreme Court orders and cases presently subjudice in other courts,” Handique said.
Replying to another question, Handique said the government has no proposals to set up a new drug manufacturing plant in the country during the 11th plan period.
He informed the House that the Chemicals Ministry had submitted the proposed National Pharmaceutical Policy after incorporating recommendations of a joint parliamentary committee to the Cabinet.
The Cabinet had further referred the policy to a Group of Ministers headed by Agriculture Minister Sharad Pawar, he added.
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First Published: Mon, Feb 26 2007. 06 45 PM IST
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