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
What is the exchange rate of which foreign currency for today?
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 151 rupees 88 paisa and the selling rate is 152 rupees 48 paisa. Similarly,...
What is the exchange rate of which foreign currency on Sunday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 143 rupees 97 paisa and the selling rate is 144 rupees 57 paisa. Similarly, the...
Foreign currency exchange rate announced: what is the price of dollar, euro and pound?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the information released by the Central Bank, today the buying rate of one US dollar is 152 rupees 04 paisa and the selling rate is...
Foreign Currency Exchange Rate: What is the price of US Dollar and Euro?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the Central Bank, today the buying rate of one US dollar has been fixed at 152 rupees 06 paisa and the selling rate has been fixed at 152 rup...
Damage worth 1 billion in the metropolis alone during the Genji movement
Biratnagar. During the Genji movement, Biratnagar Metropolitan City's physical structure and other goods were damaged to the tune of nearly 1 billion rupees. According to Mayor Nagesh Koirala, there has been damage to...
Share prices of these 10 companies increased the most on Thursday
Kathmandu. Nepal Stock Exchange NEPSE increased by 7.50 points to 2597.80 points. Today, when 94 lakh 69 thousand shares of 371 companies were bought and sold, the turnover was 4 billion 56 crore 29 lakh rupees. On Thursday, while the share price...



