November 12, 2026, Thursday
English

Demand to declare emergency in construction sector

Main News Image

Kathmandu. The Construction Industry Council has demanded to declare an emergency in the construction sector. In a statement issued by the council, it is said that the industry has come to a standstill due to the excessive increase in the price of construction materials. The statement said that due to the Middle East war, there has been a continuous increase in the prices of diesel, petrol, kerosene and other fuel products. Along with this, the increase in the price of bitumen, cement, sand and other essential construction materials and the shortage in the market has become a challenge for construction professionals.

The Council said that the current legal system cannot adjust the price, and requested that the 'Guidelines for Price Adjustment-2' should be issued immediately and the problems of the builders should be addressed immediately by making arrangements for price adjustment in contracts of all durations.

mediabaaji add

Related News

National Life gave 1 day training to agents in Pokhara

Kathmandu. National Life Insurance Company has provided 1 day training to its agents. Kazim Raza, a well-known trainer in the insurance sector, provided training to 185 agents working in all branch offices of Gandaki province and some branch offic...

What is the exchange rate of which foreign currency on Monday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one US dollar is 146 rupees 49 paisa and the selling rate is 147 rupees 09 paisa. Similarly,...

Inflation reached 5.96 percent for the general public

Kathmandu. In the first month of the current fiscal year 2083/84, in July, the annual point consumer inflation of Nepal has reached 5.96 percent. According to the economic and financial situation statistics released by the Nepal Rastra Bank in the...

Rashtra Bank circular for implementation of the new system

Kathmandu. Nepal Rastra Bank has issued a circular to the banks and financial institutions for the implementation of the new arrangements made through the first quarter review of the monetary policy of the current fina...

Most of the commercial banks have reduced the interest rate for the month of February, how much?

Kathmandu. Commercial banks have announced the new interest rates applicable for the month of February. According to the information published by the banks, most of them have reduced the interest rates. It seems that the maximum average interest r...

What is the foreign currency exchange rate for Wednesday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 141 rupees 56 paisa and the selling rate is 142...