Pharmaceuticals Purchase Policy approved by the Union Cabinet

Union Cabinet approved Pharmaceuticals Purchase Policy (PPP) for five years.  It has been approved to utilize the capacity of pharma of the CPSEs.

Created On: Oct 31, 2013 11:31 ISTModified On: Oct 31, 2013 11:31 IST

The Union Cabinet on 30 October 2013 approved the five years Pharmaceuticals Purchase Policy (PPP). The PPP renewal has been approved to ensure finest utilization of the installed capacity of pharma of the Central Public Sector Enterprises (CPSEs).  

As per the policy, 103 medicines were validated for five years from the date of the issue of the orders by the Department of Pharmaceuticals. The pricing of the products would be done by the National Pharmaceutical Pricing Authority (NPPA) following the cost based formulae, as per the Drugs Price Control Order. Uniform discount of 16 percent on all products would be available.

The policy extended only to the Central Public Sector Enterprises (CPSEs) under the administrative control of Department of Pharmaceuticals, like the Hindustan Antibiotics, Indian Drugs and Pharmaceuticals, Karnataka Antibiotics and Pharmaceuticals, Rajasthan Drugs and Pharmaceuticals and Bengal Chemicals and Pharmaceuticals along with and their subsidiaries, where Governments holds minimum of 51 percent or more shares.

In the year 2006, the Cabinet approved the same type of policy for 102 medicines which are manufactured by the PSUs that expired in the year 2011.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

Comment ()

Post Comment

0 + 9 =