Demand to declare emergency in construction sector
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.
Express
Related News
On Thursday, the price of gold increased by Rs 5900, a huge increase in silver too
Kathmandu. The price of gold and silver has increased in the Nepali market on Thursday. According to the Federation of Nepal Gold and Silver Traders, today the price of gold has increased by Rs 5,900 per tola. Along wi...
Heavy increase in the price of gold, how much per tola?
Kathmandu. The price of gold has set a new record in the Nepalese market on Tuesday. Gold rose by Rs 5,500 per tola and reached its highest price so far. According to the Federation of Nepal Gold and Silver Dealers, on Tuesday, Rs. On Monday, the...
Solu Hydropower will issue IPO from November 7th
Kathmandu. Solu Hydropower Limited is going to issue the first phase of IPO for the local residents affected by the project and the Nepalese who have gone for foreign employment from the coming 7th of November. The company has received permission...
The price of gold and silver decreased, how much is the transaction per tola?
Kathmandu. Today, the price of gold and silver in the local market has fallen somewhat. Compared to Thursday, the price of both has decreased. According to the Federation of Nepal Gold and Silver Traders, today the price of one tola of gold is Rs...
The value of the US dollar is at an all-time high
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the value of the US dollar has risen to its highest point so far. According to the fixe...
A modest increase in NEPSE, turnover above 11.49 billion
Kathmandu. On the third trading day of the week, the NEPSE index increased by 5.38 points to 2731.89. During the day, 236 million 18 thousand 186 shares of 334 companies were bought and sold, amounting to 11 billion 49 million 39 million shares. T...



