National Pharmaceutical Pricing Authority (NPPA) has stated that major manufacturers and importers of N-95 masks have reduced their prices significantly up to 47 per cent leading to its availability in the country at affordable prices. The prices were reduced after NPPA issued an advisory to this effect.
Looking to the mismatch in the demand-supply of N-95 masks, NPPA has advised manufacturers, importers and suppliers to bring down the prices voluntarily.
“As reported by the other manufacturers/ importers of N-95 masks, it is expected that other manufacturers/ importers will follow the advice of the Government and roll down the prices in the larger public interest,” NPPA has stated in a release.
NPPA has further stated, the government has notified N-95 masks as an essential commodity under Essential Commodities Act, 1955 via a notification on March 13.
The authority has said that hoarding and black-marketing of the essential commodity is punishable offence under the Act. “To keep check on the hoarding, black-marketing of the essential commodity,under National Disaster Management Act, 2005, it had directed all States and Union Territories to ensure sufficient availability of surgical and protective masks, hand sanitisers and gloves at prices not exceeding the Maximum Retail Price printed on the pack size.
Yet, grievances have been received regarding hoarding, black-marketing and differential higher pricing of N-95 masks in the country. NPPA directed state drug controllers and Food & Drug Administrations of all States and UTs Governments to take appropriate actions. Certain states have conducted raids, NPPA said.
Thank you for being a loyal user of Portfolio.
Portfolio will be a paid section hereon.
Please Subscribe to get access to one of our early bird packs.
Or click on Free Trial to get 14 days free trial.
What You'll Get
-
Web + Mobile
Access exclusive content of the Hindu Businessline across desktops, tablet and mobile device.
-
Exclusive Portfolio and Investment Advice, Banking, Lifestyle and Specials
Get diverse set of perspectives from our trusted experts on Portfolio, Banking, Economy, Environment and others.
-
Ad free experience
Experience cleaner site with zero ads and faster load times.
-
Personalised dashboard
Customize your preference and get a personalized recommendation of stories based on your interest.
Published on
May 25, 2020
A letter from the Editor
Dear Readers,
The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.
Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.
In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.
We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.
But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.
I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.
A little help from you can make a huge difference to the cause of quality journalism!
Sincerely,
Support Quality Journalism