Trade Margin for O2 Concentrators has been capped at 70pc

ANI
12 Jun 2021, 04:37 GMT+10

New Delhi [India], June 11 (ANI): The Trade Margin for Oxygen Concentrators has been capped at 70 per cent on the Price to Distributer (PTC) level by the National Pharmaceutical Pricing Authority (NPPA).

As per a statement from the Ministry of Chemicals and Fertilizers, the NPPA had issued a notification on June 3 regarding the same, following which 104 manufacturers and importers of Oxygen Concentrators submitted revised MRP for 252 products/brands.

"Downward revision in price up to 54 per cent has been reported in 70 products/brands, showing reduction in MRP up to Rs 54,337 per unit," the statement said, adding that 58 brands have reported price reduction up to 25 per cent and 11 brands between 26-50 per cent.

Out of 252 products/brands reported, 18 products/brands reported by the domestic manufacturers did not show any decline in prices. Thus, Trade Margin Rationalisation (TMR) for Oxygen Concentrators has resulted in ensuring consumer savings by eliminating unreasonable profit margins in imported products.

The revised MRP effective from June 9, on all the brands and specifications have been shared with the State Drug Controllers for strict monitoring and enforcement. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.

More Information

26 ℃

Light Rain in Kolkata/Bose

International

Section

Covid cases climbing in Africa; countries unprepared, says WHO

NAIROBI, Kenya: COVID-19 cases jumped over 20 percent in the past week in nearly two dozen African countries, according to ...

Critic of Apple, Amazon, Google appointed U.S. FTC chair

WASHINGTON, D.C.: Lina Khan, an antitrust researcher focused on Big Tech's massive power, was sworn in as chair of the ...

Russian law seeks to tighten control over U.S. Internet tech giants

MOSCOW, Russia: In a further tightening of its control over foreign social media platforms, the Russian parliament has passed legislation ...

Study shows 96% of doctors vaccinated against Covid

CHICAGO, Illinois: Greater than 96 percent of America's practicing physicians are fully vaccinated against COVID-19, according to the American Medical ...

Large increase in funding to enforce antitrust enforcement in new bill

WASHINGTON D.C.: With the introduction of a bill by U.S. Senators Michael Shumway Lee and Charles Ernest Grassley on June ...

Restrictions end, offices reopening in California

SACRAMENTO, California: California ended the majority of its Covid restrictions this week, with a few exceptions, such as wearing masks ...

India

Section