National Pharmaceutical Pricing Authority NPPA Fixes the prices of Scheduled medicines Decides the p...........

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National Pharmaceutical Pricing Authority (NPPA)

Fixes the prices of Scheduled medicines
Decides the pricing of new drugs introduced in the market
Monitors the prices of medicines fixed by the manufacturers
Issues notices for the violation of fixed medicine prices
Takes action against erring pharmaceutical companies or retailers violating price orders

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1, 3 and 4 only

2, 3 and 4 only

1, 2 and 5 only

1, 2, 3, 4 and 5

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Explanation:

The NPPA fixes the prices of Scheduled medicines and new drugs as per the provisions of Drugs (Prices Control) Order, 2013 (DPCO, 2013). The Minister said that the NPPA monitors the prices of medicines fixed by the manufacturers and issues notices for the violation of the prices. It verifies the prices of medicines randomly from the respective websites of the drug manufacturing companies and wherever any violation is found, action is taken as per the provisions of DPCO, 2013. This is an ongoing process.