New Delhi: The Minister for Chemicals & Fertilizers, Shri. D.V. Sadananda Gowda informed the Lok Sabha today In written replies that fixation of prices has resulted in a total saving of Rs. 12,447 crores per annum to the public after implementation of the DPCO, 2013.
National Pharmaceutical Pricing Authority (NPPA) fixes the ceiling price of scheduled formulations adopted from National List of Essential Medicines (NLEM) and new drugs as per the provisions of para 4, 5 and 6 of the Drugs (Prices Control) Order, 2013 (DPCO, 2013). Further, the prices of non-scheduled formulation are monitored so that their MRP is not increased by more than 10% of MRP during preceding twelve months.
The Minister elaborated steps taken by NPPA for making medicines available at affordable price as below :
NPPA fixed the ceiling prices of 530 scheduled formulations under NLEM, 2011. The details of reduction in prices of scheduled formulations effected under the DPCO, 2013 as compared to the highest price prevailed prior to the price fixation is as below: