Ad Here  
November
December
January
February
March
April
 
 
Carrefour’s quick exit Economic, business and social sustainability World labour laws at a glance Applauding enterprise... Chennai will soon get its World Trade Centre Veritas Finance- financing the unfinanced BRICS development bank Towards peace of mind TN budget pragmatic and moderate on fiscal deficit On the ‘milky’ way Tata Steel commence operations at Kalinganagar An American alliance in the chemical industry? Make way for the new and dynamic railways ALL-two launches in a row Brand leaders come forward... SumInfra- corridor based development... AirAsia India infuses funds to fight out competition Strategy war escalates between Hero and Honda Bridging the skill deficit in pharma industry - Sun Edison launches solar pumps Industry-well poised to invest on expansion Airlines wage price war CUB: towards card-less withdrawal Inclusive and forward moving... TCS’ revenues cross Rs 100,000 crore TII’s single largest investment at Thiruthani Creating Tamil Nadu Banana brand OBO Bettermann for better lightning protection STFC raises money Three more leather clusters… TVS Logistics – another acquisition to sharpen the business model Business Briefs Rating of states to be released soon Realty sector takes a break... Innovation that helped Chennai port Nothing to hide... Techies trip to India Durga - India’s largest blast furnace; now operational Downsizing spree... TiE applauds innovative entrepreneurs Big-ticket investments march towards Punjab Secured NCDs from Shriram City A global plastic event in India Hero Motocorp - smooth ride Research needs more funding Dynamic e-commerce scenario Connecting the unconnected LVB gears to become a financial supermarket TOP 10 CEO Compensation ALL to launch electric busses Steel loses its sheen People Flow Day- Safety Need to focus on ease of doing business... Indian Bank – global businesses crosses Rs 3 lakh crore... Indigo stays leader with 40 per cent share Focus on self-certification and third party inspection Striking cords for 25 years… Housing Innovation Challenge, 2015 Apple maps – finding its way Chola MS launches motor app Hyundai excites again Digital retail transactions stabilise at higher level… Scoot offers just Rs.13,500 to ANZ... Smart controls for cooling large multi-zone spaces ... Blue Star plans a new plant in south Reality bytes Celebration time at MS Chola Purdue and IIT-M sign the dotted line Business Breif Schwing Stetter India joins hands with US-based Gomaco Celebrating 180 years of relevance Chola MS net crosses 100 crores ALL – truck industry is recovering from degrowth Auto test tracks launched at GARC Oragadam campus When Centre visits the state Placing the right shoe forward... ISRO's 100th mission Time to fast-pace the logistics sector Nigeria comes nearer The new look- 4s Verna European crisis is a global crisis! Climate change may change the way businesses work... Gem of social service... Chennai Port is at last decongested! Backpack laboratory WABCO’s second Chennai plant ECGC expands operations Murugappa- a year of consolidation Realising double digit growth in Tamil Nadu Waste, a gold mine IFCI to raise NCDs upto Rs 2000 crore More gensets and diesel engines from TAFE Economic issues take a back seat at G20 summit Adding Zest to Scooty Changing dynamics in human resource management Ridley marathon to India An aerospace-defence cluster in Tamil Nadu… Holiday Inn opens in OMR Chennai Investor friendly Japan Automotive Vision Plan II... Curbing steel imports will hurt small business... Flexible labour laws… Four daughters and a proud father TII-challenging year with flat growth Illicit markets a concern to growing economy Well-refined – RIL’s refinery margins zoom Chennai to get a roundabout Metro Pharma market dozes Is Indian telecom industry heading for a monopoly?
 
Pharma market dozes

“The current size of Indian pharma market is more than Rs 100,000 crore of which 60 per cent is domestic market and 40 per cent export,” said C P Singh, Chairman, National Pharmaceutical Pricing Authority. At a seminar on drug pricing organised by Consumer Association of India he pointed to the Indian pharmaceutical market being mature enough in terms of product pricing. The government fixes a ceiling price and the companies can price based on the market. The year-on-year increase has been only about 1.8 per cent to 3 per cent. Singh pointed to companies selling drugs with the same composition and dosage under different brand names but priced variably. A list of these has been made and is available on their website.

The Tamil Nadu Medical Services Corporation (TNMSC) procures and distributes medicines at nominal prices to the government hospitals and primary health care centres. Rajendra Ratnoo, Managing Director, TNMSC, pointed to the quality check methods adopted. From 2009, 75 products have been black listed due to lack in quality. The current budget of Tamil Nadu has allocated Rs 20 crore to expand this service as ‘Amma Marundagams’ where medicines would be sold at minimal rates. 100 new pharmacies are to be opened and the existing 210 medical shops are also to be converted to this format.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com