Ministry of Petroleum & Natural Gas posted Date:- Jul 19, 2021
The entrepreneurs/project proponents are free to set up ethanol plants in any part of the country without seeking any formal approval from the Government of India. However, various statutory clearances from States/ Ministry of Environment Forest and Climate Change (MoEF&CC)/State Pollution Control Boards (SPCBs), etc. are required to be obtained during the course of setting up of the ethanol plant. Besides, DFPD is implementing scheme for extending interest subvention @ 6% p.a. or 50% of the interest charged by the banks whichever is lower, for 5 years including 1 year moratorium period.
The Central Government does not set up ethanol plants on its own in any part of the country. Central Government is however encouraging setting up of Ethanol Plants.
This information was given by the Minister of State for Petroleum and Natural Gas Shri Rameswar Teli in a written reply in the Lok Sabha today.
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman today participated in the Roundtable organized by US India Business Council (USBIC) on “Maximizing India’s Sustainable and Inclusive Growth as Global Destination for U.S. Investment’ through video conferencing which witnessed participation of prominent foreign investors like General Electric, Baxter Healthcare USA, Brambles, Marsh & McLennan Companies, PepsiCo amongst others.
The Roundtable provided the investors with an opportunity to engage with Finance Minister and other senior officials of Government of India. The areas of discussion included Life Sciences, Green Energy, Infrastructure, Insurance, Defence, Security, Manufacturing, Renewable Energy, Power, Pharmaceuticals, Textiles and Hospitality and Digital economy.
Smt. Sitharaman acknowledged the efforts of CEOs of top-40 American companies for creating a global task force to mobilize resources for India during the 2nd COVID wave. She also mentioned that India and the U.S. have also set an ambitious target of achieving $500 billion in two-way trade.
Smt. Sitharaman spoke about stimulus packages announced recently which is tailored to meet the basic requirement of investors. She also informed the investors about India’s consistent and continuous wide-ranging reforms which makes the country an attractive destination for foreign investment and how India continues to rise as a global economic powerhouse. She mentioned about this year’s budget initiative pertaining to International Financial Services Centre (IFSC) at GIFT City, where the Government is committed towards developing it into a globally competitive hub for innovation and financial activities to serve the Indian economy and the region as a whole.
The broad messages conveyed to the investors were:
Strong, calibrated relief and reforms during COVID leading to sharp decline in new COVID infection with ramping up of the vaccination programme.
Continued macro-economic stability and resilience in economic recovery in the recent months.
Strengths/advantages of India as an investment destination
Vision to make India ‘Atma Nirbhar’
Steps taken towards Infrastructure led economic growth
Creating multi-sectoral opportunities for investors.
Strong track record of the Nation towards reform implementation in the last 6 years
In her concluding remarks, Smt. Nirmala Sitharaman spoke about going ahead with an overall vision to build a self-reliant modern India. The Finance Minister stated that the Nation is committed for long term relationship with US Investors. She spoke about:
Consistent and continuous productive reforms that make India investor friendly destination
Vibrant and pulsating Financial Markets
Enormous investments underway in Infrastructure sector
Covid and its aftermath demonstrating Indian economy’s resilience
Tremendous potential of Innovation and R&D
Economic Affairs Secretary, Shri Ajay Seth highlighted India’s progress in areas of policy and taxation. He emphasized upon the e-way bill system which promotes faster and more seamless movement of goods both intra and inter-State. He also spoke about this year’s responsive and responsible budget focusing towards resolving investment and tax assessment issues, asset monetization and privatization of most of the sectors.
About USIBC
The U.S.-India Business Council was formed in 1975 as a business advocacy organization to enlighten and encourage the private sectors of both India and United States to enhance investment flows.The Council helps in making business between the United States and India easier, more efficient, and more profitable. It connects the two largest democracies in the world and inspires sustainable solutions to business challenges – both local and global.
****
Ministry of Finance Press release dated 16 July 2021
Merchandise exports in June 2021 were USD 32.50 Billion, as compared to USD 21.91 Billion in June 2020, exhibiting a positive growth of 48.34 per cent. Indian engineering exports were on their upward journey in June, 2021 following the trend of the last two months. India’s engineering goods exports registered a growth of 52.4% during the month of June 2021 as compared to the same period last year. With reference to June 2019, the growth witnessed (in June 2021) was 41.9%.
Engineering exports which stood at USD 6274.9 Million in June, 2019 and USD 5841.6 in June 2020 rose to USD 8903.5 million in June 2021. Cumulative engineering exports during April-June 2021-22 were to the tune of USD 24772.6 million, witnessing a massive growth of 82% vis-a-vis April-June 2020-21, and growth of 24.8% vis-a-vis April-June 2019-20.
The panels which registered significant growth of exports during April-June 2021 vis-a-vis April-June 2019 were Copper and products (250.4%); Iron and Steel (156.6%); Zinc and products (83.7%); Aluminium and products (69.9%); Tin and products (55.2%); Two and Three wheeler(46.6%); Lead and products (43.4%); Other non- ferrous Metals (33.1%); Industrial Machinery for dairy, food processing, textiles (32%); IC Engines and Parts (22.1%); and Auto components/parts (18.8%). It is observed that, overall, the total exports (in the panels registering positive growth) rose from USD 13.72 Billion in April-June 2019 to USD 19.85 Million April-June 2021 (44.7%).
Among the panels witnessing negative growth during April-June 2021 (vis-a-vis April-June 2019) included industrial machinery like boilers, parts, etc(-37.5%); Nickel and products (-53.3%); Air condition and refrigerator (-22.1%); motor vehicles/cars (-21.8%); Aircrafts and spacecraft parts and products (-29%); ships boats and floating products and parts (-23.2%) and other engineering products relating to railway transport; prime mica and mica products; and office equipment etc. It is observed that, overall, in value terms, the aggregate exports in these panels fell from USD 6.12 Billion in April-June 2019 to USD 4.73 Billion April-June 2021 (- 22.7%).
The automobile sector (comprising of Motor Vehicles/Cars, Two and Three wheelers and also Auto components/parts) registered a growth of 1.7% in the first quarter of current year vis-à-vis same period of 2019-2020. With reference to the first quarter of 2020-21, the growth in exports in the current year in the sector is seen to be 195%. This is primarily due to sharp jump in exports of Two and Three Wheelers (by 279%); Motor Vehicles/Cars (by 159%); and Auto components/parts (by 204%).
******
Ministry of Commerce & Industry Press release dated 16th July 2021
Union Minister of Textiles, Commerce & Industry, Consumer Affairs & Food & Public Distribution, Shri Piyush Goyal held an in depth review of initiatives undertaken by Ministry of Textiles for giving a boost to the textiles sector here today. Minister of State for Textiles, Smt.Darshna Jardosh was also present. Shri U.P. Singh, Secretary Textiles, Shri V. K. Singh, Additional Secretary, Joint Secretaries, DC Handicrafts and other senior officials of the Ministry participated in the meeting.
Shri V. K. Singh made a detailed presentation giving an overview of the entire Textiles Sector. The Minister was briefed about the broad contours of Indian Textiles Sector. It was informed that Textiles which is one of the oldest industries in India, dating back several centuries contributes 2.3% to Indian GDP, 7% of the Industrial Output,12% to the export earnings of India and employs more than 45 million persons (Direct) which is 21 % of total employment. India is the 6th largest producer of Technical Textiles with 6% Global Share (12% CAGR), largest producer of cotton & jute in the world. Cotton production supports 5.8 Million farmers & 40-50 Million people in allied sectors. India is also the second largest producer of silk in the world and 95% of the world’s hand woven fabric comes from India.
Speaking on the occasion, Shri Piyush Goyal said that by enhancing productivity of local artisans & domestic industry, we will realise the vision of an Atmanirbhar Bharat under the leadership of the Prime Minister Shri Narendra Modi. He further said that Textiles sector has great potential and it should be realised by using innovations, latest technology and facilitations. The Minister also expressed confidence that there will be a big growth in this sector. He asked the concerned officials to think and undertake necessary measures for increasing income of people employed in Textiles, put efforts to bring consistency in quality of handloom and eliminate child labour from the textiles sector.
Ministry of Textiles Press Release dated 15th July 2021 *******
There is a WhatsApp message being circulated that stock limits on pulses have been removed. In this regard it is clarified that Stock limits imposed on Pulses vide Order dated 2.7.21 have not been removed and are being enforced. Government is closely monitoring the implementation of these Orders by the States.
Central Government has also shared information with the States where there is a mismatch between the stocks declared by the Stockists on the portal developed by Department of Consumer Affairs and loans taken from the Bank for pulses stocks or the quantity imported by importers. States have been asked to take strict action against all those violating the stock limits.
****
Ministry of Consumer Affairs, Food & Public Distribution Press release dated 15th July 2021
PM inaugurates and lays foundation stone of various development projects in Varanasi
Lauds Kashi and Uttar Pradesh for their efforts in fight against the pandemic
Kashi is becoming a big medical hub of Purvanchal: PM
Cleanliness and beauty of Maa Ganga and Kashi is an aspiration and priority: PM
Work is on for schemes worth 8000 crore in the region: PM
Uttar Pradesh is fast emerging as the leading investment destination of the country:PM
Rule of law and focus on development is ensuring that people of UP are getting benefits of the schemes: PM
Reminds people of UP to remain vigilant against the virus
The Prime Minister, Shri Narendra Modi inaugurated and laid the foundation stone of various development projects in Varanasi. He inaugurated various public projects and works, including a 100 bed MCH wing in BHU, multi-level parking at Godauliya, Ro-Ro Vessels for tourism development on River Ganga and three lane flyover bridge on the Varanasi Ghazipur Highway. Projects worth around Rs. 744 crores.
He also laid the foundation stones of several projects and public works worth around Rs. 839 crores. These include the Centre for Skill and Technical Support of Central Institute of Petrochemical Engineering and Technology (CIPET), 143 rural projects under Jal Jeevan Mission and mango and vegetable integrated pack house in Karkhiyaon.
Addressing the gathering, the Prime Minister recalled the difficult last few months when the mutated coronavirus attacked with full force. The Prime Minister lauded the efforts of Uttar Pradesh and Kashi in dealing with the challenge. He praised the efforts of the Government of Uttar Pradesh in dealing with the pandemic. He praised his team from Kashi, the administration and the entire team of Corona warriors for the way they mobilized day and night to create arrangements in Kashi. “Even in the difficult days, Kashi has shown that it never stops and never tires”, said the Prime Minister.He contrasted the unprecedented handling of the second wave with the earlier instances when Japanese encephalitis type of diseases used to wreak havoc. Even the small challenges used to acquire massive proportions in the absence of medical facilities and political will. Today UP is the state with the highest number of tests and vaccinations, he said.
बीते कुछ महीने हम सभी के लिए बहुत मुश्किल भरे रहे हैं।
कोरोना वायरस के बदले हुए और खतरनाक रूप ने पूरी ताकत के साथ हमला किया था।
लेकिन काशी सहित, यूपी ने पूरे सामर्थ्य के साथ इतने बड़े संकट का मुकाबला किया: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
कोरोना से निपटने में उत्तर प्रदेश के प्रयास उल्लेखनीय हैं।
मैं काशी के अपने साथियों का, यहां शासन-प्रशासन से लेकर कोरोना योद्धाओं की संपूर्ण टीम का विशेष रूप से आभारी हूं।
आपने दिनरात जुटकर जिस प्रकार काशी में व्यवस्थाएं खड़ी कीं, वो बहुत बड़ी सेवा है: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
Shri Modi enumerated the rapidly improving medical infrastructure in Uttar Pradesh. Number of medical colleges in the last four years has grown four-fold. Many medical colleges are in various states of completion. Shri Modi talked of about 550 oxygen plants that are being established in the state out of which 14 were inaugurated today.He also praised the efforts to improve pediatric ICUs and oxygen facilities by the state government. He said that the recently announced Rs 23000 crore package will help Uttar Pradesh. He said that Kashi city is becoming a big medical hub of Purvanchal. He added that the treatment for some diseases for which one had to go to Delhi and Mumbai is now available in Kashi. Some projects that were inaugurated today will further augment the medical infrastructure of the city.
काशी नगरी आज पूर्वांचल का बहुत बड़ा मेडिकल हब बन रही है।
जिन बीमारियों के इलाज के लिए कभी दिल्ली और मुंबई जाना पड़ता था, उनका इलाज आज काशी में भी उपलब्ध है: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
The Prime Minister said that Many projects are propelling the ancient city of Kashi on the path of development while keeping its essence safe. He said projects like highways, flyovers, railway overbridges, underground wiring, solving the problems of sewer and drinking water, promoting tourism have seen unprecedented push from the government. “Even currently, work is on for schemes worth 8000 crore” The Prime Minister informed.
He said that cleanliness and beauty of Ganga and Kashi is the aspiration and priority. For this, work is being done on every front like roads, sewage treatment, beautification of parks and ghats.Broadening of Panchkosi Marg, Bridge on Varanasi Ghazipur will help many villages and adjoining cities.
काशी की, मां गंगा की, स्वच्छता और सुंदरता, हम सभी की आकांक्षा भी है और प्राथमिकता भी है।
इसके लिए सड़क हो, सीवेज ट्रीटमेंट हो, पार्कों और घाटों का सुंदरीकरण हो, ऐसे हर मोर्चे पर काम हो रहा है: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
The Prime Minister said Large LED screens installed all over the city and latest technology information boards on the ghats will be of great help to the visitors to Kashi. These LED screens and information boards will present the history, architecture, crafts, art, every such information of Kashi in an attractive way and will be of great use to the devotees. The broadcast of the aarti at the Ghat of Maa Ganga and at Kashi Vishwanath temple will be possible in the entire city through big screens. The Prime Minister also informed that Ro-Ro service and cruise service that were inaugurated today will boost tourism and Rudraksh center that is being inaugurated today will provide a world class platform to the artists of the city.
शहर में जगह-जगह लग रही बड़ी-बड़ी LED स्क्रीन्स और घाटों पर लग रहे टेक्नॉलॉजी से लैस इन्फॉर्मेशन बोर्ड, ये काशी आने वालों की बहुत मदद करेंगे।
काशी के इतिहास, वास्तु, शिल्प, कला, ऐसी हर जानकारी को आकर्षक तरीके से प्रस्तुत करने वाली ये सुविधाएं श्रद्धालुओं के काफी काम आएंगी: PM— PMO India (@PMOIndia) July 15, 2021
बड़ी स्क्रीन्स के माध्यम से गंगा जी के घाट पर और काशी विश्वनाथ मंदिर में होने वाली आरती का प्रसारण पूरे शहर में संभव हो पाएगा: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
The Prime Minister also talked about the development of Kashi as a centre of learning in modern times. Today Kashi also got model school, ITI and many such institutions. CIPET’s Centre for Skilling & Technical Support will help the area in industrial development. The Prime Minister said Uttar Pradesh is fast emerging as the leading investment destination of the country. He added that UP which was considered difficult to do business in till a few years ago is becoming a favorite place for Make in India today. The Prime Minister credited the Yogi government for this as the focus on infrastructure development has been relentless in recent times. Shri Modi listed Defence Corridor, Purvanchal Expressway, Bundelkhand Expressway, Gorakhpur Link Expressway and Ganga Expressway as some examples of the recent push.
उत्तर प्रदेश, देश के अग्रणी इन्वेस्टमेंट डेस्टिनेशन के रूप में उभर रहा है।
कुछ साल पहले तक जिस यूपी में व्यापार-कारोबार करना मुश्किल माना जाता था, आज मेक इन इंडिया के लिए यूपी पसंदीदा जगह बन रहा है: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
The Prime Minister said that a special fund of Rs 1 lakh crore has been created for modernizing agricultural infrastructure in the country which will now benefit our agricultural markets as well. This is a big step towards making the system of agricultural markets of the country modern and convenience-rich
देश में आधुनिक कृषि इंफ्रास्ट्रक्चर के लिए जो 1 लाख करोड़ रुपए का विशेष फंड बनाया गया है, उसका लाभ अब हमारी कृषि मंडियों को भी मिलेगा।
ये देश की कृषि मंडियों के तंत्र को आधुनिक और सुविधा संपन्न बनाने की तरफ एक बड़ा कदम है: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
Noting the long list of fresh development projects in Uttar Pradesh, the Prime Minister said earlier also schemes and finances were planned for the state But then in Lucknow they used to get blocked. The Prime Minister praised the Uttar Pradesh Chief Minister for his energy and efforts to make sure that the result of development reaches all. .
काशी और पूरे यूपी के विकास के इतने सारे कामों की चर्चा मैं इतनी देर से कर रहा हूँ, लेकिन ये लिस्ट इतनी लंबी है कि इतनी जल्दी खत्म नहीं होगी।
जब समय का अभाव होता है तो मुझे भी कई बार सोचना पड़ता है कि यूपी के कौन से विकास कार्यों की चर्चा करूँ, कौन से कार्यों को छोड़ूँ: PM— PMO India (@PMOIndia) July 15, 2021
ऐसा नहीं है कि 2017 से पहले यूपी के लिए योजनाएँ नहीं आती थीं, पैसा नहीं भेजा जाता था!
The Prime Minister said today there is rule of law in UP. The mafia raj and terrorism, which were once going out of control, are now under the grip of law. The way parents always lived in fear and apprehensions regarding the safety of sisters and daughters, that situation has also changed. Today the government in UP is run by development not on corruption and nepotism. That is why, today in UP, the people are getting the benefits of the schemes directly. That is why, today new industries are investing in UP and employment opportunities are increasing, said the Prime Minister.
The Prime Minister concluded by reminding the people of Uttar Pradesh about their responsibility of not allowing Corona to gain strength once again. He cautioned that despite slowing down, any carelessness can invite a massive wave. He called upon everyone to strictly follow the protocol and get vaccinated under “Vaccine for all-Free for All” Campaign.
आज यूपी में कानून का राज है।
माफियाराज और आतंकवाद, जो कभी बेकाबू हो रहे थे, उन पर अब कानून का शिकंजा है।
बहनों-बेटियों की सुरक्षा को लेकर माँ-बाप हमेशा जिस तरह डर और आशंकाओं में जीते थे, वो स्थिति भी बदली है: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
यूपी में सरकार आज भ्रष्टाचार और भाई-भतीजावाद से नहीं विकासवाद से चल रही है।
इसीलिए, आज यूपी में जनता की योजनाओं का लाभ सीधा जनता को मिल रहा है।
इसीलिए, आज यूपी में नए-नए उद्योगों का निवेश हो रहा है, रोजगार के अवसर बढ़ रहे हैं: PM @narendramodi— PMO India (@PMOIndia) July 15, 2021
The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi has approved implementation of special livestock sector package consisting of several activities by revising and realigning various components of Government of India’s schemes for next 5 years starting from 2021-22 in order to further boost growth in livestock sector and thereby making animal husbandry more remunerative to 10 crore farmers engaged in Animal Husbandry Sector. This package envisages Central Government’s support amounting to Rs.9800 crore over duration of 5 years for leveraging total investment of Rs.54,618 crore for 5 years.
Financial Implication:
The financial commitment of Rs.9800 crore by Government of India over next 5 years starting 2021-22 for these schemes would leverage total investment of Rs.54,618 crore in livestock sector including share of investments by State Governments, State Cooperatives, Financial institutions, External funding agencies and other stakeholder.
Details:
As per this, all the schemes of the Department will be merged into three broad categories as Development Programmes which includes Rashtriya Gokul Mission, National Programme for Dairy Development (NPDD), National Livestock Mission (NLM) and Livestock Census and Integrated Sample Survey (LC & ISS) as sub-schemes, Disease Control programme renamed as Livestock Health and Disease Control (LH & DC) which includes the present Livestock Health and Disease Control (LH & DC) scheme and National Animal Disease Control Programme (NADCP) and Infrastructure Development Fund wherein, the Animal Husbandry Infrastructure Development fund (AHIDF) and the Dairy Infrastructure Development Fund (DIDF) are merged and the present scheme for support to Dairy Cooperatives and Farmer Producer Organizations engaged in Dairy activities is also included in this third category.
Impact:
The Rashtriya Gokul Mission will help in development and conservation of indigenous breeds and would also contribute in improving the economic condition of the rural poor. The National Programme for Dairy Development (NPDD) scheme is targeted towards installation of about 8900 bulk milk coolers, thus providing benefit to more than 8 lakh milk producers and 20 LLPD milk will be additionally procured. Under NPDD, financial assistance from Japan International Cooperation Agency (JICA) will be availed thus strengthening and creating fresh infrastructure in 4500 villages.
Government approves continuation of Rebate of State and Central taxes and Levies (RoSCTL) on Export of Apparel/ Garments and Made-ups
RoSCTL extended till 31st March 2024 at existing rates
Ensures a stable and predictable policy regime
Fillip for exports of globally competitive Indian textiles
Promote exports by start-ups and entrepreneurs
Creation of lakhs of jobs and boost economic growth
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval for continuation of Rebate of State and Central taxes and Levies (RoSCTL) with the same rates as notified by Ministry of Textiles vide Notification dated 8th march 2019, on exports of Apparel/Garments (Chapters-61 & 62) and Made-ups (Chapter-63) in exclusion from Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for these chapters. The scheme will continue till 31st March 2024.
The other Textiles products (excluding Chapters-61, 62 & 63) which are not covered under the RoSCTL shall be eligible to avail the benefits, under RoDTEP along with other products as finalised by Department of Commerce from the dates which shall be notified in this regard.
Continuation of RoSCTL for Apparel/Garments and Made-ups is expected to make these products globally competitive by rebating all embedded taxes/levies which are currently not being rebated under any other mechanism. It will ensure a stable and predictable policy regime and provide a level playing field to Indian textiles exporters. Further, it will promote startups and entrepreneurs to export and ensure creation of lakhs of jobs.
Tax Refund for Exported Products
It is a globally accepted principle that taxes and duties should not be exported, to enable a level playing field in the international market for the exporters. In addition, to import duties and GST which are generally refunded, there are various other taxes/duties that are levied by Central, State and Local Government which are not refunded to the exporters. These taxes and levies get embedded in the price of the ultimate product being exported. Such embedded taxes and levies increase the price of Indian Apparel and Made-ups and make it difficult for them to compete in the international market.
Some of the cess, duties for which taxes and levies are not refunded and are part of embedded taxes directly and indirectly, are as follows:-
Central & statetaxes, duties & cesses on fuel used for transportation of goods, generation of power and for the farm sector.
Mandi Tax
Duty on electricity charges at all levels of the production chain
Stamp duty
GST paid on input such as pesticides, fertilizers, etc.
GST paid on purchases from unregistered dealers, etc.
Cess on coal or any other products
Realizing the importance of refund of embedded taxes, cesses and duties, the Ministry of Textiles first launched a scheme by the name of Rebate of State Levies (ROSL) in 2016. In this scheme the exporters of apparel, garment and made-ups were refunded embedded taxes and levies through the budget of the Ministry of Textiles. In 2019, the Ministry of Textiles notified a new scheme by the name Rebate of State and Central Taxes and Levies (RoSCTL). Under this scheme, the exporters are issued a Duty Credit Scrip for the value of embedded taxes and levies contained in the exported product. Exporters can use this scrip to pay basic Customs duty for the import of equipment, machinery or any other input.
Just one year after launch of RoSCTL the pandemic set in and it has been felt that there is a need to provide some stable policy regime for the exporters. In the textiles industry, buyer places long term orders and exporters have to chalk out their activities well in advance, it is important that the policy regime regarding export for these products should be stable. Keeping in view the same, the Ministry of Textiles has decided to continue the scheme of RoSCTLupto 31st March, 2024 independently as a separate scheme.
Continuation of RoSCTL scheme will help generate additional investment and give direct and indirect employment to lakhs especially women.
Ministry of Textiles Press release dated 14th July 2021
Keeping in view the evolving COVID pandemic, and the continuing demand of the medical devices, the Government has decided to regulate their prices for affordable healthcare and COVID management.By invokingextraordinary powers under Para 19 of the DPCO, 2013 in larger public interest National Pharmaceutical Pricing Agency (NPPA) has vide its notification dated 13.07.2021, capped the Trade Margin up to 70% on Price to Distributor (PTD) level on (i) Pulse Oximeter, (ii) Blood Pressure Monitoring Machine, (iii) Nebulizer, (iv) Digital Thermometer, and (v) Glucometer. Earlier, in February 2019 NPPA hadpreviouslycapped the Trade Margin on Anti-Cancer Drugs and on 3rd June 2021 for Oxygen Concentrators. Based on the notified Trade Margin, NPPA has instructed the manufacturers / importers to report revised MRP within seven days. Revised MRPs will be informed in public domain thereafter by NPPA. The revised prices will come into effect from 20th July 2021.
Every retailer, dealer, hospital and institution shall display price lists of these medical devicesas furnished by the manufacturer, on a conspicuous part of the business premises in a manner so as to be easily accessible to any person wishing to consult the same. The manufacturers / importers not complying with the revised MRPafter Trade Margin capping, shall be liable to deposit the overcharged amount along with interest @15% andpenalty up to 100% under the provisions of the Drugs (Prices Control) Order, 2013 read with Essential Commodities Act, 1955. State Drug Controllers (SDCs) shall monitor the compliance of the order to ensure that no manufacturer, distributer, retailer shall sellthese medical devices to any consumer at a price exceeding the revised MRP, to prevent instances of black-marketing.
The Order shall be applicable up to 31st January 2022, subject to review.
******
Ministry of Chemicals and Fertilizers Press release dated 14th July 2021
Business So Simple 