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ECONOMY

863 firms face action in current fiscal year

KATHMANDU, Feb 15: More than half of the over 1,800 firms across the country that have been recently monitored have faced action in the first seven months of the current fiscal year, 2021/22, according to the Department of Commerce, Supplies and Consumer Protection.
By Republica

KATHMANDU, Feb 15: More than half of the over 1,800 firms across the country that have been recently monitored have faced action in the first seven months of the current fiscal year, 2021/22, according to the Department of Commerce, Supplies and Consumer Protection.


The Department has collected over Rs 8.9 million in fines from the firms that have faced action. The Department during a monitoring of the total 1,819 firms including in the Kathmandu Valley found that half of them were involved in 'indecent' trading.


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Those firms that were found to have committed minor faults have been given a chance to correct their shortcomings, said director of the Department, Hari Pangeni.


Similarly, samples of goods from 16 firms in question have been collected and three traders have been arrested and 12 firms in question have been sealed off, he said. Also, the Department disposed of substandard and expired goods worth over Rs 2.8 million in the period.


Similarly, the Department took action against 33 of 106 pharmacies monitored.

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