Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
Drugs (Prices Control) Order, 2013 — the rules that fix and cap medicine prices in India.
Scheduled medicines get ceiling prices; others may raise their maximum retail price by no more than 10% a year.
The order under which the central government controls medicine prices in India, fixing ceiling prices for formulations in the National List of Essential Medicines and capping the annual increase on non-scheduled ones at 10%.
It is why the essential half of an Indian pharmaceutical portfolio behaves nothing like the rest, and why revising the essential medicines list moves products into and out of control without the company doing anything at all. Extraordinary powers to fix prices exist and have been used at short notice.
National List of Essential Medicines — medicines whose ceiling prices are fixed in India.
The National Pharmaceutical Pricing Authority sets ceilings for these under the DPCO and revises them yearly with wholesale inflation.