Page 37 - Essential Commodities Act News Today

Centre caps prices of oxygen concentrators ANI | Updated: Jun 04, 2021 14:07 IST New Delhi [India], June 4 (ANI): The National Pharmaceutical Pricing Authority (NPPA) has capped the trade margin for oxygen concentrators at 70 per cent, the Ministry of Chemicals and Fertilizers said on Friday. "NPPA has capped the trade Margin up to 70 per cent on price to distributor (PTD) level on oxygen concentrators," the ministry said. The order will be applicable up to...

India News: The National Pharmaceutical Pricing Authority (NPPA) has capped the trade margin for oxygen concentrators at 70 per cent, the Ministry of Chemicals an

The Federal Breather for patients: Pharma regulator caps trade margin on oxygen concentrators Limits margin at 70% in bid to curb hoarding and over-pricing of the critical equipment following numerous complaints in recent weeks, particularly in Delhi COMMENTS At the peak of the COVID second wave, oxygen concentrators were being sold in the black market at five times their import prices. To prevent hoarding and black marketing of oxygen concentrators, the Centre has decided to ca...

As per information collected by the government, margin on the oxygen concentrators at the distributor level currently ranges up to 198 per cent.

In view of the extraordinary circumstances arising due to the COVID pandemic that has resulted in recent volatility in maximum retail prices (MRP) of oxygen concentrators, the Government has decided to step in to regulate the price of oxygen concentrators. 

In an official release, the Chemicals and Fertilisers Ministry said the decision has been taken in view of the extraordinary circumstances arising due to the pandemic which has resulted in volatility in Maximum Retail Prices (MRP) of oxygen concentrators.

NPPA welcomes the move, to inform revised MRPs within a week

The order dated June 1 directs traders, dealers and stockists of raw jute to liquidate their holdings by June 10

Pulses association demands clarification on stock monitoring under EC Act; claims it may hamper trade SECTIONS Share Synopsis Indian Pulses and Grains Association has claimed that traders are hesitant to import or procure pulses in the domestic market for fear of government action. PTI India plans to import 2.5 million tonnes of pulses this fiscal. Importers of pulses are worried about the use of the Essential Commodities Act by the government to monitor stocks being held by value-chain partic...

Mumbai (Maharashtra) [India], June 3 (ANI/Hunk Golden and Media): India Pulses and Grains Association (IPGA), the nodal body for the pulses trade and industry in India, today held a press conference to draw the attention of the Government towards the effects on the trade following the instructions issued by the Ministry of Consumer Affairs, Food and Public Distribution.