Page 6 - Prices Control News Today

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.

Centre caps trade margin on oxygen concentrators 70% to curb black-marketing, high prices NPPA has instructed manufacturers to report revised MRP in 3 days, and revised rates will be made public in a week. Every retailer, dealer, hospital and institution will display a price list as furnished by manufacturer in a manner so its easily accessible to any person wishing to consult it BusinessToday.In | June 4, 2021 | Updated 20:45 IST SDCs will monitor compliance to ensure no manufacturer, distrib...

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

India News: NEW DELHI: A Delhi court on Saturday granted bail to businessman Navneet Karla in an alleged case of black marketing of oxygen concentrators, saying h.

Doc held for black marketing of drug Doc held for black marketing of drug ByGunwanti ParasteGunwanti Paraste / Updated: May 19, 2021, 06:00 IST Sells remdesivir meant for his two hospitals The Wakad police on Tuesday arrested Bachelor of Ayurvedic Medicine and Surgery (BAMS) doctor Sachin Raghunath Panchal who owns Onyx Hospital and remdesivir injections in Pimpri-Chinchwad. It may be noted that a week ago, the Wakad police had arrested three men identified as Shashikant Panchal, Krishana ...

Kerala HC refuses to stay Government order reducing the RT-PCR test May 07, 2021 Court also asks the Centre on the availability of vaccines ordered by the State The Kerala High Court on Friday declined to stay the government order reducing the charge of RT-PCR test to ₹500 from ₹1,700 in private laboratories. Justice N Nagaresh observed that prima facie it appeared that the government had arrived at the rate of RT-PCR test after conducting a market survey through the Kerala Medical Servic...

HC directive to the Centre on vaccine availability Updated: Updated: May 07, 2021 19:02 IST It wants to be informed when vaccines ordered by the State government could be made available Share Article AAA It wants to be informed when vaccines ordered by the State government could be made available A Division Bench of the Kerala High Court on Friday directed the Centre to inform the court when a meaningful solution to anti-COVID vaccine scarcity could be found and also when the vaccines ordered ...