KATHMANDU, March 13: In a bid to save face from the growing criticism, Nepal Vegetable Ghee and Oil Manufacturers’ Association (NVGOMA) has said that the current hike in prices of edible oils is due to the rise in prices of raw materials in the international market.
KATHMANDU, Feb 18: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) collected Rs 8.98 million in cash fines from the Kathmandu Valley-based traders found involved in market anomalies during the first seven months of the current fiscal year.
KATHMANDU, Feb 4: Traders have expressed their readiness to gradually reduce the market prices of edible oil as the prices of the raw materials used for this product has started falling down in the international market.
KATHMANDU, Jan 21: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) on Tuesday slapped a cash fine of Rs 300,000 each against two edible oil producers on charge of raising the prices of their product artificially.
KATHMANDU, Jan 31: The government is making amendment to the Competition Promotion and Market Protection Act, 2007 at a time when authorities have been failing to implement provisions in the existing act, allowing unscrupulous traders a free hand to form cartels and exploiting consumers.
KATHMANDU, Jan 3: Sugarcane is crushed to make sugar that sweetens our mouth. But the difficulties that sugarcane farmers in Nepal have had these last few years speak in volumes about their bitter struggle.
BUTWAL, May 27: Sugarcane farmers in Nawalparasi are extremely worried, anticipating a huge loss this year as well. Had the government been able to sort out the 'bargaining game' between farmers and traders and fixed the price of sugarcane on time, this situation would not have arrived.
Nepali industries have been receiving protection for many years. The protection has resulted in our industries not willing to go beyond the home market. It is a great irony that Nepali industrialists and traders are still looking for the assured market.
KATHMANDU, Nov 3: Despite commitment and action initiated by the Ministry of Agriculture and Livestock Development to properly manage the Kalimati Fruits and Vegetable Market, traders are still illegally operating stalls in the market.
KATHMANDU, July 24: According to Revenue Secretary Shishir Kumar Dhungana, the government imposed the new tax after finding income tax collection from the sector very low. He, however, clarified that the tax cannot be passed on to consumers.Fruits and vegetable traders have allegedly hiked prices after TDS came into effect from last Tuesday -- the start of new Fiscal Year 2018/19.
KATHMANDU, July 17: Kalimati Fruits and Vegetable Market Development Board and traders at Kalimati market have submitted their statements at Kathmandu District Court on Monday, regarding a case filed by the traders against the board. It is likely that the court will take one or two more days to give its verdict on the case.
KATHMANDU, July 4: Officials at the Kalimati Fruits and Vegetable Market Development Board are reviewing clarifications submitted by wholesalers and retailers who have rented out their stalls at the Kalimati Vegetables Market to other traders.
DOTI, Jan 13: Fuel traders in the district have claimed that the tankers of Nepal Oil Corporation have been delivering less than the said amount of petroleum. The tankers have been supplying them four percent less petroleum in average, the traders have claimed.
KATHMANDU, Jan 2: The Nepali electronics market saw introduction of a plethora of high-end mobile phones costing over Rs 50,000 on 2017. While comparatively newer brands such as Oppo and Vivo also gained market the past year, traders say the consumers usually go for brands such as Apple and Samsung when it comes to expensive models. Despite that, less known brands like OnePlus also gained popularity in the Nepali market in 2017.
BIRGUNJ, Dec 16: Traders in Birgunj fear congestion at India’s Kolkata port again as there has been a delay in returning containers. Over a 1,000 containers are still waiting at Birgunj dry port and traders importing via third country say that this delay is likely to repeat congestion at the Kolkata port which had seen congestion for about three months from August to October.
KATHMANDU, Dec 13: Demand for camera-based phones has increased in recent years in Nepal, according to mobile phone traders. The launch of new mobile phone brands with attractive features has increased the competition among mobile phone sellers.
BIRGUNJ, Dec 5: Potatoes stored at cold stores in Birgunj have failed to find market, causing losses worth millions to farmers and traders. Potatoes brought from the hilly regions of Nepal and imported from Punjab of India dominated the market during September and October when the potatoes in cold storage facilities were supposed to hit the market.
KATHMANDU, Nov 9: Four branded stores -- Nike, Puma, Bentley and Store One -- in Durbar Marg, which were raided by the government in early September, have failed to furnish proof of 'brand authorization' of the products that they were selling, according to officials of the Department of Supply Management and Protection of Consumer Interest (DoSMPCI). “
KATHMANDU, Nov 8: Official figures of pashmina exports in the Fiscal Year 2016/17 show a decline of 11.31 percent year on year. However, traders claim that real foreign currency earning through pashmina export is rising steadily.
KATHMANDU, Nov 2: Price of pulses and beans is expected to down in the coming days, trader say. Officials of Nepal Retailers Association told Republica that as India recorded bumper harvest of different varieties of pulses, beans and legumes and price is going down in the southern neighbor.
Nepali herbs traders are facing more difficulties with the imposition of the Goods and Service Tax (GST) by India. Before this, they had been facing various problems with the levying of 'transit permit' on the export of herbs by the Uttar Pradesh government of India.
BHAIRAHAWA, Oct 29: Rice bought from Nepal Food Corporation (NFC) in the name of prisoners of Rupandehi jail has been found to be sent to the go-downs of local traders, while prisoners have been complaining about not getting enough food.
KATHMANDU, Sept 25: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Monday organized an interaction on the importance and challenges of mediation in commerce and the industrial sector.
KATHMANDU, Sept 10: The two leading umbrella organizations of the private sector are now intensifying their lobbies for the protection of their members of Durbar Marg who have been accused of fleecing consumers by charging exorbitant prices on ‘branded goods’.
NEW DELHI, August 24: Prime Minister Sher Bahadur Deuba has called upon both business communities from Nepal and India to work together to advance common goal of greater prosperity by building on the strong social ties and heritage that we share.
RATNANAGAR (Chitwan), July 26: Police have busted a gang involved in extortion by threatening industrialists of Chitwan in guise of representative of the Indian intelligence agency 'RAW'.
The racketeers arrested were made public by organizing a press conference at the Chitwan District Police Office on Wednesday.
KATHMANDU, Nov 10: Commoners, traders and businessmen in villages and towns bordering India remained tensed throughout the day on Wednesday following the Indian government decision to withdraw 1,000 and 500 Indian rupee bills from the financial system.
DHARAN, Sept 6: Ban on import of Nepali ginger by India has left many farmers and traders high and dry. But Nanda Kishor Sah, a ginger exporter of Dharan, is not surprised by the ban. He knew the ban was coming sooner or later as Chinese ginger was being imported to India in the name of Nepali product.
DOLPA, Aug 2: Preparations are underway to transport yarchagumba (Cordyceps Sinensis) collected by local people to China for sale under tight police security with the harvesting season completed, police said.