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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Cancer: NPPA raises price cap on key drugs amid shortage
By Reuters · 2026-06-12 · via Economy News, Latest Economic News Today | The HinduBusinessLine
The ceiling rate for cisplatin was raised to ₹10.89 ($0.1144) ​per ml from ₹7.26, while that for carboplatin was increased to ₹90.74 ($0.9530) per ml from ₹60.49 excluding taxes, the notification showed.

The ceiling rate for cisplatin was raised to ₹10.89 ($0.1144) ​per ml from ₹7.26, while that for carboplatin was increased to ₹90.74 ($0.9530) per ml from ₹60.49 excluding taxes, the notification showed.

India’s drug price regulator raised ceiling rates for two key platinum-based cancer drugs ​by 50 per cent after a surge in raw material costs triggered ‌widespread shortages, according to a government notification seen ​by Reuters.

The National Pharmaceutical Pricing Authority (NPPA) invoked special provisions ⁠to raise rates for the drugs after receiving federal government approval citing public interest, according to the notification dated June 11.

Patients ‌in the world’s most populous country have been grappling with shortages of platinum-based cancer drugs cisplatin ‌and carboplatin, as hospitals, especially government-run facilities, run ‌short.

The ⁠prices of the drugs, used to treat ⁠ovarian, lung and bladder cancers, are capped and controlled by the government.

The ceiling rate for cisplatin was raised to ₹10.89 ($0.1144) ​per ml from ₹7.26, while that for carboplatin was increased to ₹90.74 ($0.9530) per ml from ₹60.49 excluding taxes, the notification showed.

“...The authority noted concerns regarding shortage ‌and supply disruptions of carboplatin and cisplatin formulations, which are ​essential oncology medicines used in the treatment of various cancers,” the NPPA said, adding ⁠that their uninterrupted availability is critical for public health.

The drugs are manufactured by several companies, including Cipla, Intas Pharmaceuticals ‌and oncology-focused firms such as Naprod Life Sciences and Venus Remedies.

The increase is a one-time revision and will be reviewed after six months, the NPPA said.

India is heavily dependent on imported platinum, which is used in industries ranging from automobiles and jewellery to chemicals and ‌pharmaceuticals.

Supplies of the white metal from key producers such as ​South Africa have dwindled amid soaring costs, while the West Asia conflict has further disrupted supply ⁠chains and raised manufacturing expenses, doctors and industry executives have told ⁠Reuters.

The increase on drug price caps offers relief to medicine makers who had temporarily halted production ‌as platinum prices more than doubled amid tight supplies, strong demand and shrinking inventories.

Published on June 12, 2026