KATHMANDU, Sept 9: Salt Trading Corporation (STC) has started the process of importing 20,000 tons of sugar targeting to ease the supply of the sweetener during the upcoming festivals.
Every year, during the time of high consumption of sugar such as Dashain and Tihar, traders increase the price of sugar for one reason or another. Because of this, the consumers have been hit financially.
KATHMANDU: In preparation for the forthcoming festivals, the government has taken a decision to import 20,000 tons of sugar while offering a significant 50 percent customs duty discount. This decision has been reached following a proposal put forward by the Ministry of Industry, Commerce, and Supplies. During a recent Cabinet meeting, it was officially authorized […]
Consumers will not be able to get sugar at a concessional rate from the fair price shops to be operated by the public enterprises during the festivals this year. There is a very slim chance to sell sugar through the fair price shops this year as there is no stock of sugar with the public enterprise - Salt Trading Corporation, said an official. "The STC has no stock of sugar. And the government has not allowed STC to import sugar with a customs subsidy. So, it is not possible to sell sugar through the fair price shops this year," Urmila KC, undersecretary and deputy spokesperson of the Ministry of Industry, Commerce and Supplies (MoICS).
KATHMANDU, August 21: The government is importing 50,000 tons of sugar for the approaching Dashain and Tihar festivals to preempt any possible shortage of the sweetener during the festivals.
During the meeting, lawmakers urged the government to interfere in the market, saying price of daily essentials including sugar, lentils, oil, vegetables as well as petroleum products has risen just ahead of the festivals.
