The Pharmacy Act of 1948 was enacted to regulate the profession of pharmacy in India by establishing the Pharmacy Council of India and State Pharmacy Councils. The key objectives were to provide uniform pharmacy education across states, maintain registration of pharmacists, and raise the overall standards of pharmacy practice. The Act introduced provisions for approving pharmacy colleges, maintaining central and state registers of pharmacists, and penalties for offenses like practicing pharmacy without registration. It aimed to professionalize pharmacy and protect public health by restricting dispensing of medicines to registered pharmacists only.