Gazette Information

Gazette Title

The Gazette of India: Extraordinary

Gazette Number

6669 GI/2024

Publication Date

October 14, 2024

Issuing Authority

Ministry of Chemicals and Fertilizers (Department of Pharmaceuticals)

Summary

• The National Pharmaceutical Pricing Authority (NPPA) was established to fix prices and notify changes for bulk drugs and formulations.
• NPPA has received applications for upward price revisions due to increased costs affecting the viability of drug production.
• Recommendations for price increases were made by the Committee on Affordable Medicines and Health Products (CAMHP).
• NPPA has invoked extraordinary powers to revise ceiling prices for certain formulations by 50% to ensure availability of essential drugs.
• Manufacturers must comply with the new ceiling prices and adjust their pricing accordingly.