-The Hindu From January 1, 2018, the price of a packaged goods would no longer depend on where you bought it – be it a local kirana store, a mall, a five-star hotel or an airport. The Consumer Affairs ministry has amended the rules that govern packaged commodities to this effect. As per the amended Legal Metrology rules for packaged commodities that will come into effect from the next calendar year, the...
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Govt bans practice of dual MRP at airports, malls -Bella Jaisinghani
-The Times of India MUMBAI: The Union ministry of consumer affairs on Thursday decided to ban the 'dual' MRP policy, a practice through which sellers charge a higher MRP for their products in certain spaces like malls, airports and hotels. As per the order, which comes into force starting January 1, 2018, companies will not be allowed to charge a different price for water, soft drinks or snacks at premium locations. The decision...
More »Flawed drug price rules fleeced patients, helped hospitals -GS Mudur
-The Telegraph New Delhi: India's drug pricing rules allow companies to inflate the maximum retail prices of medicines, including life-saving drugs, costing patients thousands of additional rupees while offering slices of the profits to stockists, chemists, and hospitals. Quotations received by hospitals from drug companies' representatives offering discounts on maximum retail prices (MRPs) of medicines provide what some doctors and patients' rights advocates say is fresh evidence for excessive profiteering in India's...
More »GST from 1 July: Will farmers have to pay higher MRP on old fertiliser stocks worth Rs 9,500 cr?
-FirstPost.com The rollout of the goods and services tax (GST) starting 1 July has created a panic situation for the fertiliser industry mirroring a similar state of affairs a few weeks earlier with the consumer staple and home appliance manufacturers. An estimated 65 lakh tonne (lt) of bagged fertiliser material worth around Rs 9,500 crore already has the existing maximum retail price (MRP) printed on it. With the rise in GST rates,...
More »Central Railways denies 'catering scam', says typos in RTI reply led to miscommunication -Mustafa Shaikh
-India Today Following reports of a catering scam in Central Railways, the department said that the whole case is a mere miscommunication caused by typos in RTI reply. Central Railways on Tuesday issued a clarification on reports of a scam that alleged its catering department had purchased food products at ten times their MRP, saying typing errors in the RTI reply caused the miscommunication. Three inspectors involved in making the RTI reply have...
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