Snehal khanna Blog

Most companies are minimising the stocking at the distributor level before the roll-out of GST Latest news : The pharmaceutical industry expects supply shortages as it gears up for transition into the goods and services tax (GST) regime from July 1. Inventories lying with stockists at the end of May were lower than the levels the previous month, with most companies minimising stocks lying with distributors, ahead of GST implementation. According to the data from the market research wing of All India Organisation of Chemists and Druggists (AIOCD), the AIOCD-AWACS, May saw a marginal reduction in Day 1 inventory being carried by distributors. For the overall Indian Pharmaceutical Market (IPM) there is a reduction of 1.3 days in inventory. AIOCD represents over 500,000 medicines sellers across India. Analysts claim that apart from the stockist inventory, the in-transit stocks too have fallen. Basically, the stockists do want to be saddled up with old stock. There is so...

Their angst: uploading details of drugs traded on the portal and fee for keeping it running Over 800,000 chemists across the country have decided to shut shop on Tuesday to protest against the government's e-platform plan to regulate the sale of drugs. The platform is being set up to ensure supply of quality drugs and curb anti-microbial resistance, but chemists are opposing the move. Under the plan chemists will have to upload details of all medicines purchased and sold on the e-platform and will have to pay a transaction fee to support cost of running the system. All India Organisation of Chemists and Druggists (AIOCD) president Jagannath Shinde claimed that the strike has hundred per cent support from members across India and all stores except those in hospitals and day-and-night outlets will remain closed. MedPlus, which runs 1,400 outlets in southern and eastern India, has said it will not participate in the strike and "will try and keep all stores op...