Business

Essential medicines to cost more from April 1: Know the reason

Published

4 years ago

March 20, 2021

Prices of essential medicines including painkillers, antiinfectives, cardiac and antibiotics could go up from April as the government allowed drug manufacturers to increase accordingly with the annual Wholesale Price Index (WPI).

The annual change in the WPI notified works out to 0.5 percent for 2020, drug price regulator National Pharmaceutical Pricing Authority said, according to Times of India.

The prices of the scheduled drugs are allowed an increase each year by the drug regulator in line with the annual WPI.

Sources reportedly said that there has been surge of 15-20 percent in the manufacturing costs this year and pharma companies plan to seek a 20 percent increase accordingly.

“We feel the percentage allowed for increase is too small. During pandemic, the industry was impacted by a rise in prices of key raw materials, sea freight and increase in packaging material, among other rising costs. We plan to ask for an increase as a one-off increase from the government soon,” an industry expert reportedly said.

Reports said that the ingredients of the these medicines are imported from China while for certain active pharmaceutical ingredients dependence on China is around 80-90 percent. The Covid pandemic led to disruption of supplies leading to higher costs to importers. Meanwhile, China has also increased prices of key inputs by 10-20 percent once supplies resumed last year.

The government recently extended the increased the price of Heparin injection which is used in Covid treatment till September 2021. The government hiked the price at 50 percent on Heparin after receiving requests from companies.

Related Topics:antibiotics business China costly COVID drug government medicines painkillers price Regulator

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Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

May 5, 2022

Aaj Ki Khabar Desk Team

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

Amazon Summer Sale May 2022: Discount offer on iPhone 13

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.