Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <h1 class="cat-box-title">Massive 145% profiteering exposed in coronavirus rapid test kits sold to ICMR -Rajeev Dubey & Vivek Punj</h1>
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		 Published on</span><span class="text-date"> Apr 27, 2020</span>
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                            <p style="text-align:justify">-Businesstoday.in</p><p style="text-align:justify"><em>Dispute between importer and distributor unravels super profits; Delhi HC strikes down sale price by 33 per cent</em></p><p style="text-align:justify"><em>* The $3 per test SARS CoV-2 Antibody test kits are being imported from China&#39;s Wondfo</em></p><p style="text-align:justify"><em>* Its landed price, including air freight (Rs 20), to importer Matrix Labs is Rs 245 per test</em></p><p style="text-align:justify"><em>* ICMR placed an order to buy 5 lakh kits on March 27, 28 @Rs 600 (plus GST) per test</em></p><p style="text-align:justify"><em>* Importer Matrix Labs sells to distributor Rare Metabolics Life Sciences at Rs 400 per test</em></p><p style="text-align:justify"><em>* Rare Metabolics contracted to ICMR at the government approved rate of @Rs 600 (plus GST)</em></p><p style="text-align:justify"><em>* 2.76 lakh have been delivered to ICMR; remaining 2.24 lakh tests are about to land</em></p><p style="text-align:justify"><em>* Rare Metabolics intends to sell 1 million kits; order was placed with Matrix for 5 lakh kits</em></p><p style="text-align:justify"><em>* Matrix Labs has an order to supply 50,000 kits to Tamil Nadu through dealer Shan Biotech and Diagnostics at Rs 600 per test</em></p><p style="text-align:justify"><em>* Of this, 24,000 have already been supplied; 26,000 more are yet to be delivered</em></p><p style="text-align:justify">A legal dispute in Delhi High Court between the distributor and importer of COVID-19 rapid test kits being shipped from China has unearthed massive profiteering and over-pricing in kits sold to Indian Council of Medical Research (ICMR). Observing that 61 per cent mark-up on such test kits is on the &quot;higher side&quot; but &quot;more than sufficient&quot;, the Delhi High Court single bench of Justice Najmi Waziri disallowed a 145 pc mark-up from landed price of Rs 245 to ICMR&#39;s purchase price of Rs 600 per test. Instead, Justic Waziri slashed price for every kit by 33 per cent from Rs 600 to Rs 400 per test.</p><p style="text-align:justify">Please <a href="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html" title="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html" class="re" target="_blank">Businesstoday.in, 27 April, 2020, https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html</a><div class="clear"></div>
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    <h1 class="cat-box-title">Massive 145% profiteering exposed in coronavirus rapid test kits sold to ICMR -Rajeev Dubey & Vivek Punj</h1>
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                            <p style="text-align:justify">-Businesstoday.in</p><p style="text-align:justify"><em>Dispute between importer and distributor unravels super profits; Delhi HC strikes down sale price by 33 per cent</em></p><p style="text-align:justify"><em>* The $3 per test SARS CoV-2 Antibody test kits are being imported from China&#39;s Wondfo</em></p><p style="text-align:justify"><em>* Its landed price, including air freight (Rs 20), to importer Matrix Labs is Rs 245 per test</em></p><p style="text-align:justify"><em>* ICMR placed an order to buy 5 lakh kits on March 27, 28 @Rs 600 (plus GST) per test</em></p><p style="text-align:justify"><em>* Importer Matrix Labs sells to distributor Rare Metabolics Life Sciences at Rs 400 per test</em></p><p style="text-align:justify"><em>* Rare Metabolics contracted to ICMR at the government approved rate of @Rs 600 (plus GST)</em></p><p style="text-align:justify"><em>* 2.76 lakh have been delivered to ICMR; remaining 2.24 lakh tests are about to land</em></p><p style="text-align:justify"><em>* Rare Metabolics intends to sell 1 million kits; order was placed with Matrix for 5 lakh kits</em></p><p style="text-align:justify"><em>* Matrix Labs has an order to supply 50,000 kits to Tamil Nadu through dealer Shan Biotech and Diagnostics at Rs 600 per test</em></p><p style="text-align:justify"><em>* Of this, 24,000 have already been supplied; 26,000 more are yet to be delivered</em></p><p style="text-align:justify">A legal dispute in Delhi High Court between the distributor and importer of COVID-19 rapid test kits being shipped from China has unearthed massive profiteering and over-pricing in kits sold to Indian Council of Medical Research (ICMR). Observing that 61 per cent mark-up on such test kits is on the &quot;higher side&quot; but &quot;more than sufficient&quot;, the Delhi High Court single bench of Justice Najmi Waziri disallowed a 145 pc mark-up from landed price of Rs 245 to ICMR&#39;s purchase price of Rs 600 per test. Instead, Justic Waziri slashed price for every kit by 33 per cent from Rs 600 to Rs 400 per test.</p><p style="text-align:justify">Please <a href="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html" title="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html" class="re" target="_blank">Businesstoday.in, 27 April, 2020, https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html</a><div class="clear"></div>
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                            <p style="text-align:justify">-Businesstoday.in</p><p style="text-align:justify"><em>Dispute between importer and distributor unravels super profits; Delhi HC strikes down sale price by 33 per cent</em></p><p style="text-align:justify"><em>* The $3 per test SARS CoV-2 Antibody test kits are being imported from China&#39;s Wondfo</em></p><p style="text-align:justify"><em>* Its landed price, including air freight (Rs 20), to importer Matrix Labs is Rs 245 per test</em></p><p style="text-align:justify"><em>* ICMR placed an order to buy 5 lakh kits on March 27, 28 @Rs 600 (plus GST) per test</em></p><p style="text-align:justify"><em>* Importer Matrix Labs sells to distributor Rare Metabolics Life Sciences at Rs 400 per test</em></p><p style="text-align:justify"><em>* Rare Metabolics contracted to ICMR at the government approved rate of @Rs 600 (plus GST)</em></p><p style="text-align:justify"><em>* 2.76 lakh have been delivered to ICMR; remaining 2.24 lakh tests are about to land</em></p><p style="text-align:justify"><em>* Rare Metabolics intends to sell 1 million kits; order was placed with Matrix for 5 lakh kits</em></p><p style="text-align:justify"><em>* Matrix Labs has an order to supply 50,000 kits to Tamil Nadu through dealer Shan Biotech and Diagnostics at Rs 600 per test</em></p><p style="text-align:justify"><em>* Of this, 24,000 have already been supplied; 26,000 more are yet to be delivered</em></p><p style="text-align:justify">A legal dispute in Delhi High Court between the distributor and importer of COVID-19 rapid test kits being shipped from China has unearthed massive profiteering and over-pricing in kits sold to Indian Council of Medical Research (ICMR). Observing that 61 per cent mark-up on such test kits is on the &quot;higher side&quot; but &quot;more than sufficient&quot;, the Delhi High Court single bench of Justice Najmi Waziri disallowed a 145 pc mark-up from landed price of Rs 245 to ICMR&#39;s purchase price of Rs 600 per test. Instead, Justic Waziri slashed price for every kit by 33 per cent from Rs 600 to Rs 400 per test.</p><p style="text-align:justify">Please <a href="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html" title="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html" class="re" target="_blank">Businesstoday.in, 27 April, 2020, https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html</a><div class="clear"></div>
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Home हिन्दी

Massive 145% profiteering exposed in coronavirus rapid test kits sold to ICMR -Rajeev Dubey & Vivek Punj

Published on Apr 27, 2020   Modified on Apr 27, 2020

-Businesstoday.in Dispute between importer and distributor unravels super profits; Delhi HC strikes down sale price by 33 per cent * The $3 per test SARS CoV-2 Antibody test kits are being imported from China's Wondfo * Its landed price, including air freight (Rs 20), to importer Matrix Labs is Rs 245 per test * ICMR placed an order to buy 5 lakh kits on March 27, 28 @Rs 600 (plus GST) per test * Importer Matrix Labs sells to distributor Rare Metabolics Life Sciences at Rs 400 per test * Rare Metabolics contracted to ICMR at the government approved rate of @Rs 600 (plus GST) * 2.76 lakh have been delivered to ICMR; remaining 2.24 lakh tests are about to land * Rare Metabolics intends to sell 1 million kits; order was placed with Matrix for 5 lakh kits * Matrix Labs has an order to supply 50,000 kits to Tamil Nadu through dealer Shan Biotech and Diagnostics at Rs 600 per test * Of this, 24,000 have already been supplied; 26,000 more are yet to be delivered A legal dispute in Delhi High Court between the distributor and importer of COVID-19 rapid test kits being shipped from China has unearthed massive profiteering and over-pricing in kits sold to Indian Council of Medical Research (ICMR). Observing that 61 per cent mark-up on such test kits is on the "higher side" but "more than sufficient", the Delhi High Court single bench of Justice Najmi Waziri disallowed a 145 pc mark-up from landed price of Rs 245 to ICMR's purchase price of Rs 600 per test. Instead, Justic Waziri slashed price for every kit by 33 per cent from Rs 600 to Rs 400 per test. Please click here to read more.

Businesstoday.in, 27 April, 2020, https://www.businesstoday.in/current/economy-politics/massive-145-percent-profiteering-over-charging-exposed-in-coronavirus-rapid-test-kits-sold-to-icmr/story/402066.html

Tagged with: ICMR Indian Council of Medical Research Delhi High Court Covid-19 Coronavirus Testing Kits

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