Prices of key medicines to go up by 2% from Apr 1
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Prices of all essential medicines are likely to go up by nearly 2% from April 1. The National Pharmaceutical Pricing Authority (NPPA) has asked companies to submit the required documents to avail the annual price hike based on wholesale price index (WPI).

Under the Drugs Price Control Order, the regulator revises prices of all essential medicines annually based on the changes in WPI.

"As confirmed by the Economic Adviser (Ministry of Commerce & Industry), the annual change in the wholesale price index (WPI) works out as 1.97186% during the calendar year 2016 over the corresponding period in 2015," the pricing authority said in an office memorandum issued on Wednesday.....

http://timesofindia.indiatimes.com/india/price-of-essential-drugs-to-go-up-by-2-from-apr-1/articleshow/57782869.cms
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