Govt to formulate new rules for regulating medical devices

It will amend Drugs & Cosmetics Rules to ensure availability of low-cost drugs & promote generics

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BS B2B Bureau Mumbai

Last Updated : Feb 01 2017 | 2:14 PM IST

The budget has proposed to amend the Drugs and Cosmetics Rules to ensure availability of drugs at reasonable prices and promote use of generic medicines. New rules for regulating medical devices will also be formulated. These rules, which will reduce the cost of such devices, will be internationally harmonised and attract investment into this sector.

Finance Minister Arun Jaitley while presenting the budget 2017-18, said that the government has prepared an action plan to eliminate Kala-Azar and Filariasis by 2017, Leprosy by 2018 and Measles by 2020. Elimination of tuberculosis by 2025 is also targeted. Similarly, action plan has been prepared

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