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 value of the US dollar, Euro and Australian dollar has increased, such is the exchange rate
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 147 rupees 92 paisa and the selling rate is 148 rupees 52 paisa. On Wednesda...
Moving towards the construction of 1200 MW Budhigandaki hydropower project
Kathmandu. The Budhigandaki hydropower project with a capacity of 1200 MW has progressed towards the construction stage. With the agreement between the Ministry of Finance and the National Planning Commission on the investment framework of this pr...
Exchange rate: The price of dollar, euro and pound has increased, which currency is being bought and sold in how much?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the fixed exchange rate, the buying rate of one US dollar is 151 rupees 56 paisa and the selling rate is 152 rupees 16 paisa.
Similarl...
NEPSE index decreased by 25.81 points, how much is the transaction amount?
Kathmandu. On Wednesday, the stock market gauge NEPSE index fell. Today, NEPSE index decreased by 25.81 points and reached 2744.45 points. A total of 1 crore 21 lakh 34 thousand 360 shares of 351 companies were bought and sold in NEPSE, and over R...
In the semi-annual review, the income-expenditure of the government is weak, the capital expenditure is limited to 12 percent
Kathmandu. In the half-yearly review of the current financial year 2082 and 83, both the income and expenditure of the government are seen to be weak. According to the Comptroller General's Office, the central government's income has been limited...
NEPSE fell by 12.58 points, trading fell to 8 billion 63 crores
Kathmandu. On the third trading day of the week, NEPSE index decreased by 12.58 points and remained at the point of 2683.15. During the day, 187.03 thousand 183 shares of 322 companies were bought and sold, and 8.63 billion 1.5 million shares were...



