The Prime Minister's Economic Advisory Council has suggested a complex combination of three pricing models to fix retail prices of 348 essential drugs to balance industry's concerns and public health. The proposal, however, has drawn the ire of drug makers who say it is a watered down version of the health ministry's proposals. The council has proposed that for medicines facing "insufficient competition" or a monopoly-like situation, the retail price should...

-The Hindu Moving towards major reforms, the Centre is in the process of rolling out a universal health coverage package in at least one district in each State on an experimental basis. This would include a clearly defined basket of services to those who come to any public health facility for treatment or free supply of generic drugs, doing away with user charges and upgrading public health infrastructure right from the primary...

-The Telegraph Annual expenses for the government’s food security programme have been estimated at Rs 112,205 crore, which will make it very difficult for the government to fulfill its commitments on checking fiscal deficit. Food and consumers affairs minister K.V. Thomas disclosed the massive bill on the programme today in the Rajya Sabha, though no mention of this was made in Friday’s budget. Finance minister Pranab Mukherjee had just said he would foot...

-PTI Implementation of the National Food Security Bill will entail a subsidy of a whopping Rs 1.12 lakh crore, Food and Consumer Affairs Minister K V Thomas informed the Rajya Sabha today.  Food subsidy as per 1993-94 poverty line and 2000 population census is Rs 88,976 crore and as per the 2011 census it would be Rs 197,096 crore, he said during Question Hour.  Additional food subsidy burden for 2012-13 is estimated at...

Food subsidy allocation in the budget for 2012-13 is way short of what is required for the implementation of the proposed National Food Security Act, despite a categorical assurance by Finance Minister Pranab Mukherjee that the government would “fully provide” food subsidy to administer UPA's flagship legislation. In fact, the regular food subsidy requirement has been cut. While declaring that the government proposed to phase out subsidies in fertilizer and petroleum...