Sanitary Napkins, Adult Diapers, Handwash And Other Essential Hygiene Products Likely to Come Under Government Price Control
Essential hygiene products such as sanitary napkins, hand wash, disinfectants, adult diapers, hospital hand gloves, floor disinfectant, operation theatre gumboots and others may soon come under price control. the government is finalising a list of essential hygiene products from medicines and medical devices to other important health products.
New Delhi, August 26: Essential hygiene products such as sanitary napkins, hand wash, disinfectants, adult diapers, hospital hand gloves, floor disinfectant, and operation theatre gumboots may soon come under government price control. According to reports, the government is finalising a list of essential hygiene products, including medicines and medical devices to other important health products. Sanitary Napkins Exempted From GST, but Consumers to Pay Same Price?
According to an Economic Times report, the committee on National List of Essential Medicines (NLEM) had in September last year formed sub-committees to group medicines, medical devices, disposables, and health and hygiene product depending on how essential they are for healthcare.
The government currently regulates the prices of around 384 essential medicines, including medical devices such as stents, by imposing a cap on their maximum retail price. Companies are allowed to hike prices by up to 10 percent annually for all the other drugs. Once the list is made, a Niti Aayog committee will decide on whether there will be an overarching ceiling price or a cap on trade margins.
(The above story first appeared on LatestLY on Aug 26, 2019 10:51 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).