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According to a pubmed publication Drug related admissions have significantly increased over the past few decades. According to various studies on drug related hospital admissions, it was estimated that around 510% of hospital admissions were due to drug related problems (DRP), in which 50% of them are avoidable.Through evaluating and improving the safety of medicines pharmacovigilance serves as a pivot in detection, assessment, understanding and prevention of adverse effects or any other drug-related issues. The volatile global pharma scenario and challenging regulations have invoked quintessential changes in contemporary pharmacovigilance expanding its scope beyond reporting adverse events towards toning benefit-risk systems.