KATHMANDU, Jan 22: The Public Accounts Committee (PAC) of the House of Representatives has instructed the government to promptly control the price hike of cement.
The parliamentary committee has shown interest in the issue after widespread criticism for the unnatural price hike of cement. In a meeting of the house panel on Wednesday, PAC directed the Ministry of Industry, Commerce, and Supplies to conduct a detailed study and immediately take measures to control the price hike.
Maruti Cement, United Cement and Jagadamba Cement found selling...
PAC has also asked the government to develop pricing techniques for determining the price of any goods or services and to regularly assess them.
PAC Chairman Rishikesh Pokharel said that the committee has instructed the Ministry of Energy, Water Resources and Irrigation to provide information on whether the cement industry is currently facing load shedding or not.
During the meeting, Minister for Industry, Commerce and Supplies Damodar Bhandari said that cement production has been affected due to the unannounced load shedding, which may have led to price hike. He assured to solve this problem by coordinating with cement producers and construction entrepreneurs.
President of the Federation of Contractors' Associations of Nepal (FCAN), Rabi Singh, accused the cement manufacturers of increasing the price of cement in collusion with the state.
