Trade Margin for O2 Concentrators has been capped at 70pc

ANI
12 Jun 2021, 00:07 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

null in null

International

Section

Native leaders, activists oppose detention site on Florida wetlands

EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...

Beijing crowds cheer AI-powered robots over real soccer players

BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...

COVID-19 source still unknown, says WHO panel

]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...

Fox faces $787 million lawsuit from Newsom over Trump phone call

DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

Canadian option offered to Harvard graduates facing US visa issues

TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...

India

Section