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DRUG PRICES TO INCLUDE LOCAL TAXES FROM APRIL 1

February 6, 2006

The Union Minister for Chemicals, Fertilisers and Steel Ram Vilas Paswan on Monday said from April 1 onwards, the prices of drugs would include local taxes. "From April 1 onwards there will be only Maximum Retail Prices (MRPs) on the drugs and no local taxes would be mentioned. All MRPs would include local taxes," Paswan told reporters.

The Economic Times (http://economictimes.indiatimes.com/articleshow/1402846.cms)

(http://www.bloomberg.com/apps/news?pid=10000102&sid=aYW4iYmkPTMc&refer=uk)