‘Daylight dacoity’: As top court hears petitions, here’s how medicines are priced in India
The Supreme Court criticized the vast markup on essential medicines during hearings on pricing petitions, likening it to 'broad daylight dacoity.' Justices questioned why a 16% retailer margin under the Drugs (Prices Control) Order, 2013, does not apply universally. The court highlighted a cancer drug priced at ₹2,700 for retailers but carrying an MRP of nearly ₹27,000, calling it extortion.