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
Today, NEPSE decreased by normal numbers, turnover of 4 billion 48 crores
Kathmandu. On the third trading day of the week, NEPSE index decreased by 0.53 points to 2644.70. During the day, 18 lakh 10 thousand 106 shares of 324 companies were bought and sold, and over 4.48 billion shares were...
Super Madi Hydropower will issue 15 percent bonus shares, AGM on October 1
Kathmandu. Super Madi Hydropower Limited has announced to distribute 15 percent bonus shares to the shareholders from the profit of the last financial year. The meeting of the board of directors held on August 8 of the company has decided to distr...
Export of cardamom increased by sixty percent
Bhadrapur. By the end of December of the current financial year 2082-083, the export of cardamom has increased by 60.10 percent. According to the statistics of the Mechi Customs Office, during that period, cardamom worth Rs. Ishwar Kumar Humagai,...
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...
Bhujung Hydropower will issue an IPO to the general public from January 12
Kathmandu. Bhujung Hydropower Limited is going to issue an IPO for the general public from this January 12th. The company has issued and distributed the IPO to local residents affected by the project and Nepalese who have gone abroad for employmen...
NEPSE decreased by 1.18 points in the pre-open session
Kathmandu. On the second trading day of the week, it fell by 1.18 points to 2648.34 points in the pre-open session. Shares worth Rs 68 lakh 42 thousand 964 have been traded in this session. During the session, 17...



