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...

Raj Kumar Agarwal will go down in history for alleged association with the first-ever cancellation of elections to the Rajya Sabha after votes had been cast, following allegations of horse-trading. In his hometown Jamshedpur, he is better known as a “self-made man” from a “humble background” who had links cutting across political lines, and who had lately forged another identity: as supporter of “anti-corruption activists” Anna Hazare and Baba Ramdev. Agarwal,...

The medicine price regulator, the National Pharmaceutical Pricing Authority (NPPA), has found a price fixing mechanism suggested by its parent ministry, Chemicals and fertilisers, has failed to meaningfully lower the prices of key cancer medicines. A group of ministers (GoM) headed by agriculture minister Sharad Pawar is expected to meet soon to finalise a pricing policy on drugs. The NPPA study findings may compel the ministry to seek other effective ways of...

-PTI The Institute of Cost Accountants of India (ICAI) will release the White Paper on Agricultural Costing and Pricing methods on Thursday.  The release, first on the subject by ICAI, will be made at the 3-day 'National Cost Convention' beginning here on March 15, said an official.  "The government has assigned us to come out with improved costing and pricing methods in four areas - agricultural pricing, services (including toll charges), healthcare and...

The myth that Fukushima radiation levels were too low to harm humans persists, a year after the meltdown.  A March 2, 2012 New York Times article quoted Vanderbilt University professor John Boice: “there’s no opportunity for conducting epidemiological studies that have any chance for success – the doses are just too low.”  Wolfgang Weiss of the UN Scientific Committee on the Effects of Atomic Radiation also recently said doses observed...