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 foreign currency on Saturday?
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 set at 140 rupees 26 paisa and the selling rate is 140 r...
VAT on electricity will be applicable from July 1 only
Kathmandu. The government has made it clear that the value added tax (VAT) imposed on electricity services will only be implemented from July 1. The Internal Revenue Department has said that even if the bill for electricity consumed in the month o...
Shop-shop raids to prevent artificial scarcity and price hike of gas
Kathmandu. District Administration Office Sunsari has conducted random monitoring of various gas shops in Inaruwa market. The monitoring committee's coordinator Krishna Subedi informed that the administration has intensified the monitoring after t...
Reduced airfare
Kathmandu. With the decrease in the price of air fuel, the Civil Aviation Authority of Nepal has reduced the minimum fare for domestic air passengers. After Nepal Oil Corporation reduced the price of aviation fuel by 6 rupees per liter from Januar...
Extension of Pokhara-Muglin road affected due to non-removal of electricity poles
Kathmandu. The construction of the Pokhara section under the Pokhara-Muglin road project has been affected due to the non-removal of the poles of the 11 kV dedicated power line taken to the Pokhara International Airport. Due to the non-removal of...
The price of the dollar exceeded 153 rupees, the selling rate of the Kuwaiti dinar was 500 rupees
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currencies for Friday. According to the new rate set by the Central Bank, today the buying rate of one US dollar is 152 rupees 96 paise and the selling rate is 153 ru...



