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NITI Aayog-led Committee to monitor pricing of drugs
January 24 , 2019
2049 days
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- The Government has constituted a Standing Committee headed by NITI Aayog to oversee the drug pricing regime.
- It is seen as a move that would curb the powers of the National Pharmaceuticals Pricing Authority (NPPA) when it comes to regulating the prices of medicines in the country.
- The Standing Committee on Affordable Medicines and Health Products will be headed by NITI Aayog Member (Health).
- The committee will be a recommending body to the NPPA regarding prices of drugs and health products.
- It will examine issues Suo-moto or on recommendation of Department of Pharma, NPPA and Department of Health.
- The NPPA was established as an autonomous regulator in 1997.
- Its objective is to oversee and set the prices of drugs and products on the National List of Essential Medicines (NLEM), prepared by the Health Ministry, and set price caps.
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