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This has been done under the provisions of Drugs (Prices Control) Order, 2013, with an aim to put in place a regulatory framework for pricing of drugs to ensure availability of medicines at reasonable prices
The move is set to make these drugs cheaper. Manufacturers failing to comply with the price cap have to return the overcharged amount to the government.
Indian Union Chemicals and Fertilizers Minister Mansukh Mandaviya has assured that there is enough supply of fertilizers in the country for the ongoing kharif season. He also urged states to reduce the excessive use of chemical fertilizers. State agriculture ministers from various states and senior officers attended the meeting.
In 2020, the Narendra Modi government introduced contentious new farm laws. They allowed corporate entities to hoard commodities like rice, wheat and pulses. And also enabled farm commodities to be sold outside the regulated markets, undermining assured floor prices and laid the ground for large-scale corporate contract farming.
Inflation of such magnitude is bad news politically and economically, especially a year before the national election | Latest News India