Financial Daily from THE HINDU group of publications
Friday, Dec 02, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Pharmaceuticals


Centre to unveil pharma policy soon

Our Bureau

The Government is planning to make maximum retail price on drugs to include all the taxes as in the case with other packaged goods. At present, MRP of drugs is exclusive of local taxes.


Mr E.V.K.S. Elangovan, Union Minister of State for Commerce (second from right), greets delegates at an international pharma conference in Hyderabad on Thursday. Mr Amit Mitra, Secretary-General of FICCI (extreme right) and Mr D.B. Mody, Chairman of Pharmexcil (extreme left) are also present. — P.V. Sivakumar

Hyderabad , Dec 1

THE Union Government will come out with a new national comprehensive pharmaceutical policy shortly, according to the Secretary in the Union Ministry of Chemicals and Petrochemicals, Ms Satwant Reddy.

"The policy is currently being drafted and is at an advanced stage of completion. It will be announced either by the month-end or next month," she told newspersons on the sidelines of the two-day International Pharma and Health Conference of India, Africa, ASEAN and Gulf Cooperation Council (GCC) countries here on Thursday.

The conference is being jointly organised by the Union Ministry of Commerce and Industry, Federation of Indian Chambers of Commerce and Industry and the Pharmaceuticals Export Promotion Council with participation from 29 countries in the African, ASEAN and GCC region.

"An important plank of the policy will be introduction of a health insurance scheme for the poor families ," Ms Reddy said. Further, the Government is also proposing to lay down a Special Access Programme for anti-cancer and anti-HIV/AIDS drugs. This will be a public-private-partnership programme aimed at helping in reducing cost of these drugs.

The Government is also considering a proposal to provide interest subsidy for funding implementation of Schedule M for GMP, she said.

In a significant move, the Government is also planning to make maximum retail price (MRP) on drugs to include all the taxes as in the case with other packaged goods. At present, MRP of drugs is exclusive of local taxes, Ms Reddy said. "We are also examining the feasibility of revival of pharma PSUs so as to ensure adequate availability of essential medicines at affordable prices. This will also give the Government the capability of critical intervention at the time of any health emergency.

"Of around Rs 3,000-crore of drugs purchased for supplies to State-owned healthcare centres across the country, the Government intends to procure at least Rs 300-crore worth drugs from the pharma PSUs as a part of their revival scheme," Ms Reddy said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : Pharmaceuticals



Stories in this Section
Cyclone `Baaz' may break out of jam to make landfall


Insurance companies may be allowed pension biz under existing entity
Renewable energy group opens secretariat in Delhi
IOB, Classic Jatropha tie up to promote biofuel
Pre-budget talks: FICCI pitches for corporate tax cut
Centre's fiscal deficit up 48.17 pc in April-Oct
FAPCCI plea to let Customs clearance of goods under ATA Carnet
SAFTA agreement finalised: Minister
`Big scope in Indo-EU agro-food trade'
`Barriers to Indo-US defence trade could be reduced'
Package for curbing spread of AIDS, says Manmohan
Centre to unveil pharma policy soon
Plan for regulatory body to ensure drugs quality
Convert molecules to drugs, says Kalam
AP Govt moves to promote more mini-pharma cities
Agilent compliance tool for pharma cos
NTPC told to buy gas from spot market to tackle shortages
Electricity Act changes cleared
CCEA approves PowerGrid transmission system
ONGC may contest I-T Dept's additional claim of Rs 1,000 cr
Govt working on relaxing labour laws in textile sector: Vaghela
Competition in textile trade gets tougher with dismantling of quotas
Urgent need to optimise availability of groundwater
Zee to telecast Sri Lanka test matches
SEZ model can be replicated in higher education: Nasscom
TN Chamber seeks solatium for small traders
Labour shortage worries Tirupur knitwear exporters
Kotra meet showcases wider collection of fabric samples
Textile machinery imports from Korea on the rise
2nd LCA prototype makes maiden flight
Dainik Jagran publisher files for IPO with SEBI
`First draft of HK ministerial meet of WTO disappointing'
Sourcing exhibition begins in Pune
`Pride of India Expo' in Hyderabad
2-day business meet in Mumbai
Alert us to breaches, Rlys tells public
Kerala Horticultural Corporation distributes vegetable stocks


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line