Describing it a pro-poor measure, Union Minister for Chemicals and Fertiliser Ram Vilas Paswan hoped that the industry would pass on the benefit to consumers without delay.
However, the common man is yet to see its impact as there are many loose ends to be tied up and loopholes to be plugged before drug prices show any downward trend.
The new excise duty came into effect on March 1 last. More than two months have passed, and have the manufacturers slashed prices? Speaking to Business Standard
Dr B R Jagashetty who took charge as Drugs Controller of Karnataka a fortnight ago, said,