Recently after the incidence of very high prices of syringes charged by a Delhi hospital came to light, there was a demand from many quarters to regulate this. It was reported that in this particular incidence the overcharging was many times the cost. The government also took note of this.
Now the good news coming is that the All India Syringes and Needles Manufacturers Association has issued a circular to its members to print the maximum retail price (MRP) on the basis of a maximum of 75% margin from December 24, which is observed as Consumer Day, and to implement this latest by January 26 next year.
It also wrote to all foreign manufacturers of syringes, urging them to join the effort to self-regulate and "bring relief to patients".
Read details of this news in a report pubished in the Times of India....