To implement and enforce the provisions of the Drugs Price Control Order (DPCO), 1995/2013 in accordance with the powers delegated to it
To undertake and/or sponsor relevant studies in respect of pricing of drugs/formulations
To monitor the availability of drugs, identify shortages, if any, and to take remedial steps
To collect/maintain data on production, exports and imports, market share of individual companies, the profitability of companies etc. for bulk drugs and formulations
To deal with all legal matters arising out of the decisions of the Authority
To render advice to the Central Government on changes/revisions in the drug policy
To render assistance to the Central Government in parliamentary matters relating to drug pricing
Significance of NPPA
It is important to fix the prices of certain important drugs so that they can be easily affordable and accessible to every citizen of the county and the National Pharmaceutical Pricing Authority ensures the same.
It mandates that no supplier can sell a drug more than its Maximum Retail Price (MRP).
NPPA played a very crucial role during the pandemic time in the country as many medical suppliers were selling drugs at higher prices which were unaffordable for many.
Thus, this authority fixed the prices so that they could be availed easily.
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