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.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.