A Committee to regulate the pharmaceutical companies in India

BusinessA Committee to regulate the pharmaceutical companies in India

Date:

In order to control and regulate the marketing practices of pharma companies across the country, the government has formed a committee to review and amend curb malpractices. With the formation of this new committee, the government aims to legally enforce measures against firms involved in wrongdoings.

Mansukh Mandviya, who is the minister of health and family welfare will take necessary steps in discussion with the committee on how all the codes, rules, and regulations can be balanced as these are under separate vertical heads at present,” said a senior government official.

 This was ideated by the health minister to regulate the decisions with the help of the committee after analyzing reports about how pharma companies were spending huge amounts of money on promoting drugs.

The new committee was formed and formalised on September 12, 2022; with Mr. VK Paul, member (health), NITI Aayog being the chairperson.

The committee consists of the following members of the ministry departments- Ms.S Aparna, secretary, department of pharmaceuticals; Shri. Rajesh Bhushan, secretary, Union ministry of health and family welfare; Nitin Gupta, chairman, central Board of Direct Taxes (CBDT); and a joint secretary (policy) from the department of pharmaceuticals.

The awareness and promotion of drugs by these pharma companies is presently under the control of UCPMP, the Indian Medical Council Regulations, followed by the Central Board of Direct Tax.

The committee has begun its work and is expected to come up with its recommendation by the end of next three months.

This is a positive step taken by the minister to bring about balance and good practices as currently there are multiple authorities involved that govern the marketing practices of pharmaceutical companies leading to a lot of confusion and misleading practices. This new committee hopefully will help companies to understand and get clarity on what’s allowed and what’s totally unacceptable. It will be good to have a unified code on the subjectsaid Sudarshan Jain, Secretary General, Indian Pharmaceutical Alliance (IPA).

Share post:

Subscribe

Popular

More like this
Related

₹1 Crore Cash, AC Bedrooms, Liquor Bottles and Revolver Found at Kolkata College, Sparks Major Row

One of Kolkata’s oldest educational institutions, Surendranath College, has...

What Is Reverse Repo Rate? Explained Simply

Whenever the Reserve Bank of India (RBI) announces its...

Indian-Origin Groom Killed in Helicopter Crash Hours After Wedding in US

A joyful wedding celebration turned into a tragedy when...

Japan Stops Import of Indian Mangoes Over Pest-Control Concerns

Japan has temporarily suspended mango imports from India after...