Government institutes allowed to bring 25,000 tons of sugar for Dasain-Tihar
Kathmandu. The government has given permission to Salt Trading Corporation and Food Arrangements and Trade Company Limited to import 25,000 tonnes of sugar targeting Dasain-Tihar. The cabinet meeting held on Thursday allowed both the institutes to import sugar at 1 percent customs duty. Currently, 15 percent customs duty is being levied on sugar.
Keeping in mind that the demand for sugar will increase during the festive season and the price may rise in the market, the government has given customs concessions on imports. Imported sugar will be distributed in the market during Dasain-Tihar. The government is preparing to control the market price by selling sugar at subsidized prices.
Currently, there is only about 1,400 tons of sugar in the warehouses of Salt Trading across the country. In order to ensure supply according to demand, the process of purchasing 15,000 tons of sugar from the domestic industry along with imports has been initiated.
Out of the sugar that will be purchased from the domestic industry, Salt Trading has prepared to purchase 12,000 tons and Food Management and Trading Company has prepared to purchase 3,000 tons. This sugar will also be sent to the market for Dasain-Tihar.
Express
Related News
The price of petroleum products increased
Kathmandu. Nepal Oil Corporation has increased the price of petroleum products with effect from today. According to the new prices of petrol, diesel and kerosene adjusted by the corporation, petrol and diesel and keros...
Private sector urges accelerated economic growth through wealth creation and legal reform
Kathmandu: Birendra Raj Pandey, President of the Confederation of Nepalese Industries (CNI), said that the private sector is encouraged by the current stability seen in the country’s economic system. He stressed that since such stability is a rare...
The farmers did not get the right price for the ripe oranges in the orchards of Baglung
Baglung. Orange orchards in the rural areas of Baglung have turned yellow at this time. However, the farmers have complained that they are not getting a fair price even though the orchards are looking good after the oranges have ripened. They said...
What is the foreign currency exchange rate for today?
Kathmandu. Nepal Rastra Bank has announced the exchange rate of foreign currency for Wednesday. According to Rashtra Bank, the buying rate of the US dollar has been fixed at 154 rupees 16 paisa and the selling rate has been fixed at 154 rupees 76...
What is the new exchange rate for foreign currencies, US dollars and pounds?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the new rate issued by the Central Bank, today the buying rate of one US dollar is 154 rupees 02 paisa and the selling rate is 154 rupees 62...
What is the foreign currency exchange rate on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the Rashtra Bank, the buying rate of one US dollar has been fixed at 141 rupees 70 paisa and the selling rate ha...



