Industrialists urge govt to revive closed industries

KATHMANDU: Industrialists gathered in Gaindakot, Nawalparasi, have called on the government to restart industries that have ceased operations. The appeal was made during a two-day national meeting of the Federation of Nepalese Industries and Businesses, which concluded with the adoption of the nine-point ‘Nawalpur Chitwan Declaration.’ Dr Tilchandra Bhattarai, the event’s coordinator, highlighted the need […]

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Today’s news in a nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of the day in Nepal, including politics, business/economy, sports, entertainment, and more. SC summons govt over reconnection of electricity without clearing outstanding dues The Supreme Court (SC) has summoned the government regarding the decision to restore electricity to industries without collecting outstanding dues in the ongoing […]

Today’s news in a nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of the day in Nepal, including politics, business/economy, sports, entertainment, and more. NEA staff clash with govt over special treatment for industries Employees of the Nepal Electricity Authority (NEA) have raised their voices in protest against the recent government directive requiring reconnection of electricity lines to […]

NEA staff clash with govt over special treatment for industries

KATHMANDU: Employees of the Nepal Electricity Authority (NEA) have raised their voices in protest against the recent government directive requiring reconnection of electricity lines to industries within 24 hours, even if the industries have unpaid dues. In a letter submitted Monday to the Minister of Energy and the NEA Board, the NEA Employee Welfare Council […]

Crusher industries give a 15-day ultimatum to govt to renew their license

KATHMANDU, June 19: The crusher, mining, and sand industrialists have given the government a 15-day ultimatum to renew their industries.

Crusher industries give a 15-day ultimatum to govt to renew their license

KATHMANDU, June 19: The crusher, mining, and sand industrialists have given the government a 15-day ultimatum to renew their industries.

MHMPA urges govt to review tax deduction on the sanitary pads

KATHMANDU, June 19: Menstrual Health/Hygiene Partners’ Alliance (MHMPA) has urged the government to review the decision to decrease the import tax to 1.5% on finished sanitary pads.  The government in its annual budget for the fiscal year 2022/23, it has announced to decrease the import tax to 1.5% on finished sanitary pads, whereas the domestic produced pads are still poised to 8.2% import tax in aggregate for raw materials and packing materials.  This differential tax provision will surely discourage the domestic manufacturing industries. Also, the quality and standards have not been mentioned for the finished pad products in the reduced tax provisions. On one hand, the low-quality sanitary pads which are likely to be imported will impact the health of women and on the other hand, the commercial pads with plastic coats would severely create environmental hazards for centuries, reads the press statement of MHMPA.  Meanwhile, the organization also expresses gratitude toward the government’s decision to introduce free pads distribution to the girls of public schools and for the ongoing revision of school curriculum to include comprehensive contents of menstruation in school textbooks. Sanitary pad is a basic necessity for a woman to manage her menstruation. Its availability at affordable cost and quality is one of the most important aspects of dignified menstruation. With the above backdrop, the organization urges the government to take the following actions with immediate effect for the larger health benefit of women and for the protection of the environment. -Encourage domestic production of pads by reducing the import tax on the raw materials and packaging materials as equal to the finished products -Encourage to produce internally and/or import from overseas only the biodegradable pads and reusable pads meeting national standards set by the Central Bureau of Standards (CBS) by imposing zero import tax for both finished products as well as raw materials and packaging materials - Bring a national programme for free biodegradables pads or reusable pads to all the women and girls in the communities and schools

Govt to provide loan at base rate interest to produce COVID-19 vaccines

Kathmandu, August 14 . The government will provide loan at base rate interest to develop COVID-19 vaccines. Arrangements will be made for banks and financial institutions to provide loans at base rate interest to the industries which want to produce standard vaccines against the infection, said Governor Maha Prasad Adhikari while unveiling the monetary policy […] The post Govt to provide loan at base rate interest to produce COVID-19 vaccines appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.