As the festival of Tihar approaches, sugar becomes one of the most sought-after commodities in the market. The festival's traditions, characterized by a delightful array of sweets and delicacies, make it the second most significant celebration in Hindu culture in Nepal. However, as the festive season unfolds, the nation grapples with a severe shortage of sugar. The demand for sugar surges as Tihar, the festival of lights and sweets, draws near. This situation not only results in a scarcity of sugar but also offers unscrupulous businesspeople an opportunity to hoard and profit from exorbitant pricing.
KATHMANDU, Sept 5: A team of officials from various nine governmental departments dealing with consumers’ rights and protection, including the District Administration Office in Kathmandu, will conduct market monitoring starting from September 18.
KATHMANDU, May 16: Minister for Industry, Commerce and Supplies, Ramesh Rijal, has insisted on industrial infrastructure development and maximum utilization of natural resources to promote domestic production for advancing towards a self-sufficient economy.
KATHMANDU, April 7: A delegation from Nepal-India Chambers of Commerce and Industry (NICCI) led by Officiating President of NICCI, Sunil KC, along with Vice President Saibal Ghosh, Director General Keshab Man Singh, and Deputy Director Marshal Rathour paid a courtesy call on Arjun Prasad Pokharel, Secretary at the Ministry of Industry, Commerce and Supplies on Wednesday.
KATHMANDU, Oct 10: Newly-appointed Minister for Industry, Commerce and Supplies Gajendra Bahadur Hamal, who has been accused of becoming a minister from the quota of Chief Justice Cholendra Shamsher JB Rana, has said that he will submit his resignation to Prime Minister Sher Bahadur Deuba today.
NEPALGUNJ, Oct 9: Gajendra Hamal, a long-time Nepali Congress member from Banke district, has succeeded in becoming the Minister for Industry, Commerce and Supplies even though he does not hold any active position in the party. Prime Minister Sher Bahadur Deuba appointed him as a minister on Friday. It is rumored that Hamal was recommended for the post of a minister by Chief Justice Cholendra Shamsher Rana who has already denied this allegation.
KATHMANDU, April 27: Buyers have started to rush to their nearest retail stores to purchase daily essentials citing the possible shortage and excessive price hike after the government enforced prohibitory order to be effective from Thursday. The Ministry of Industry, Commerce and Supplies said there is adequate food in stock.
KATHMANDU, Sept 15: The Ministry of Industry, Commerce and Supplies (MoICS) has been delaying to increase the quota of gold import, exacerbating shortage of the yellow metal in the market. The Nepal Rastra Bank (NRB) had written the ministry six months ago proposing to raise the daily import quota to 25 kg to meet rising demands.