Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Politics / News/  355 life saving drugs may come under price control: Paswan
BackBack

355 life saving drugs may come under price control: Paswan

355 life saving drugs may come under price control: Paswan

Premium

New Delhi: Government is actively considering bringing 355 life saving drugs under price control and take a few additional measures for the benefit of the poor and below poverty line (BPL) families, once the Union Cabinet approves National Pharmaceutical Policy.

“The government is committed to ensure the availability of life saving drugs at reasonable prices. The National Pharmaceutical Pricing Authority has taken a number of measures to this effect," said Union minister of chemicals and fertilizers Ram Vilas Paswan today in the Rajya Sabha.

He said that the Pharmaceutical Policy is under consideration of the Cabinet after it has been vetted by a Group of Ministers headed by Union agriculture minister Sharad Pawar.

Responding to the demand of members to enumerate the suggestions of the GoM, Paswan said, “I cannot divulge the details of the GoM till Cabinet clears it."

The minister informed the House that 74 bulk drugs specified in the first schedule of the Drugs (Price) Control Order 1995 and the formulations based thereon are under price control and their prices are fixed/revised by NPPA in accordance with the provisions of DPCO.

“It is under active consideration to bring 355 additional life saving drugs under price control," said Paswan.

He also informed that the government has recently approved a Health Insurance Scheme The “Rashtriya Swasthya Bima Yojana", which is expected to cover all the BPL families in the unorganized sector in the next five years.

The total sum insured would be Rs30,000 per family per annum to cover hospitalisation expenses, he said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 30 Nov 2007, 04:45 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App