Pharma purchase policy gets Cabinet nod

The pricing of the products would be done by National Pharmaceutical Pricing Authority NPPA using the cost-based formula,as mentioned in the Drugs Price Control Order,95 and there would be a uniform discount of 16 per cent on all products.

The policy will extend only to CPSEs,which are under the administrative control of Department of Pharmaceuticals,such as Indian Drugs and Pharmaceuticals; Hindustan Antibiotics; Bengal Chemicals and Pharmaceuticals; Karnataka Antibiotics and Pharmaceuticals and Rajasthan Drugs and Pharmaceuticals and their subsidiaries where government owns 51 per cent or above shares.