INSUBCONTINENT EXCLUSIVE:
Government has capped trade margin on essential medical devices like oximeters and nebulisersMore than 600 brands have seen huge reduction
in prices after the Centre capped trade margins on five essential medical devices like pulse oximeter, blood pressure monitoring machine,
nebuliser, digital thermometer and glucometer, on July 13, 2021
The trade margins have been capped at 70 per cent.The reduction in prices of these essential items, which are extensively used in treatment
of Coronavirus pandemic, will bring long term relief to people in general.The highest reduction in prices by importers has been on pulse
oximeters, blood pressure monitoring machines and nebulisers, the Ministry of Chemicals and Fertilisers said in a statement.The revised
had invoked extraordinary powers under the Paragraph 19 of DPCO, 2013, to put a cap on trade margin of the five medical devices.The maximum
downward revision has been reported by an imported brand of pulse oximeter, showing reduction of Rs 2,95,375 per unit, it added.The downward
revision of MRP has been reported by imported and domestic brands across all the categories, the ministry stated.
