The daily central rate
was at CNY6.9225 per dollar on Monday, 0.3% weaker from Friday.
The total budget estimates for CMCH medicines was Rs555,450,000 out of which 85% medicine were to be purchased through Central Rate
Contract (CRC) system for which amount allocated was Rs472,132,500 and 15% Local Purchase (LP) for which amount was Rs83,317,500 for CMCH, as both hospitals are allocated funds separately.
The committee should also inspect the article procured through local purchase as well as through central rate
In 2014-15 due to disparity of rates among the institutions/districts, the procurement was centralized under Central Rate
Contract System for all health institutes/hospitals, including projects.
In 2014-15, due to disparity of rates among the institutions and districts, the procurement was centralized under Central Rate
Contract System for all health institutes and hospitals including projects.
He said, "The lower rate will be five per cent, the middle bracket of 12 and 18 per cent can be combined to a central rate
of round about 15 per cent and we might have a top rate of 25 percent." Currently there are four GST slabs of 5, 12, 18 and 28 per cent, plus the exempted category which attracts zero per cent GST.
Shahbaz said that cardiac devices and stents recommended by technical and procurement committee of the Health department were procured for all the provincial hospitals at equal price and quality through central rate
The government has cut interest rates five times since November and in a single week lowered the Chinese currency's central rate
against the US dollar by nearly five percent in part of efforts to shore up growth.
Secretary Health further said that Central Rate
Contract Policy would be adopted from next fiscal year for the procurement of medicines for all districts.
While this is all well and good, speculative inflows would be further dampened if the central rate
, say, [yen] 6.2 per dollar, was stabilized so as to eliminate the one-way bet on future yuan appreciation.
In February 1998, the official central rate
itself was devaluated from 11,175 to 11,800 VND/US$.