Active Stocks
Sat May 18 2024 12:49:03
  1. Tata Motors share price
  2. 952.95 0.76%
  1. Power Grid Corporation Of India share price
  2. 316.85 1.12%
  1. Tata Steel share price
  2. 167.90 0.39%
  1. ITC share price
  2. 436.50 -0.02%
  1. State Bank Of India share price
  2. 821.30 0.42%
Business News/ Politics / Policy/  Supreme Court refuses to hear challenge on NPPA decision
BackBack

Supreme Court refuses to hear challenge on NPPA decision

The petition challenged NPPA's decision of withdrawing its internal guideline to set prices of non-essential drugs

A bench headed by chief justice H.L. Dattu asked lawyer M.L. Sharma to withdraw his petition and approach the central government with a representation, as it was government policy. Photo: MintPremium
A bench headed by chief justice H.L. Dattu asked lawyer M.L. Sharma to withdraw his petition and approach the central government with a representation, as it was government policy. Photo: Mint

New Delhi: The Supreme Court on Monday refused to entertain a petition challenging a decision by the country’s drug price regulator to withdraw its internal guideline to set prices of non-essential drugs.

Earlier this year, the National Pharmaceutical Pricing Authority (NPPA) issued a guideline empowering itself to cap the prices of 108 non-essential drugs, attracting criticism from the industry. It was withdrawn on 22 September, after a directive by the government’s department of pharmaceuticals. Lawyer M.L. Sharma had filed a public interest litigation against the withdrawal, saying the decision could lead to a rise in the prices of certain drugs as it would allow “pharmaceuticals companies to raise price as per their choice to secure windfall gain".

A bench headed by chief justice H.L. Dattu, however, asked Sharma to withdraw his petition and approach the central government with a representation, as it was government policy.

The petition was filed in earlier this month when the apex court had said it would hear the case “as early as possible".

A similar petition was also filed before the Delhi high court by the All India Drug Action Network (AIDAN).

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: 27 Oct 2014, 01:30 PM IST
Next Story footLogo
Recommended For You