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Lok Sabha
The National Pharmaceutical Pricing Authority (NPPA) was set up by the Government in August, 1997. It has been entrusted with the task, inter-alia, to fix prices and notify changes therein, if any, of bulk drugs and formulations, from time to time, under the Drugs (Prices Control) Order, 1995 (DPCO, 95).
Since the inception of the National Pharmaceutical Pricing Authority (NPPA) in August 1997 and until November, 2004, a demand of Rs.593 crore has been raised for overcharging in 246 cases. Of these, roughly 67% i.e., in 165 cases, companies have fully or partly paid the amounts due. Approximately, Rs.80 crore has been recovered so far.
This was stated by the Minister for Chemicals & Fertilizers and Steel, Shri Ram Vilas Paswan in a written reply to a question in the Lok Sabha today.
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