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Tag Archives: import

Lower duty to reverse gold smuggling trend

The current trend of gold smuggling from Nepal to India is going to reverse. The budget for the next fiscal year 2015-16 – starting from July 17 – has lowered import duty of gold to stop smuggling from Nepal but

Imported goods unlikely to arrive in time for Dashain

Due to worsening road condition – due to a landslide that cut off the Araniko Highway to Kathmandu before Dashain – traders will have hard time transporting imports from China stuck at Khasa and Tatopani. On Sunday, the road to

Consumer right activists want downward review of import tariff on rice

Consumer right activists asked the government to check the price of rice before the festivals. Submitting a memorandum to commerce minister Sunil Bahadur Thapa here today, National Consumer Forum said that the price of rice has increased by five per

Government likely to launch SEZ Operation Manual

The government is planning to launch Special Economic Zone (SEZ) Operation Manual tomorrow. The manual aimed at paving the way for the operation of Bhairahawa SEZ has been long due to kickstart the industrialisation in the country. The constractors have

Nepal receives Rs 1.5 billion remittance inflow daily

The country is receiving Rs 1.5 billion remittance on an average daily. “Nepal has received Rs 397.8 billion in nine months of th current fiscal year 2013-14,” according to macroeconomic report for nine months published today by the central bank.

Indian budget to widen trade deficit, fuel inflation

The Indian budget is going to impact Nepali economy as it has continued huge subsidy to the agriculture sector and slashed taxes on export items. Finance secretary Shanta Raj Subedi – during a discussion today at the ministry on possible

Trade deficit widens to Rs 289.62 billion

Trade deficit ballooned to Rs 289.62 billion in the first half of current fiscal year 2013-14. The country imported goods worth Rs 334.83 billion, whereas exported only Rs 45.21 billion, according to the Trade and Export Promotion Centre (TEPC) figures.

Procedural approvals cause low intra-subregional trade: Study

Procedural approvals for both importers and exporters to transport pulses from Nepal to Bhutan via India takes at least 23 days, according to a report. “It’s no different for the import or export of carpet between India and Nepal,” said

Stable government, investment-friendly environment a must: German Envoy

Stable government, investment-friendly environment and long-term foreign investment policy are prerequisites to attract more foreign investment, according to a diplomat. “Nepal still has no stable government, no skilled labour and industrial peace, apart from Constitution writing process that has not

Government reiterates promotion of domestic products

The government is positive on promoting the domestic products, according to a minister. “The government employees should be the first target consumer of the domestic products,” said finance, trade, commerce and supplies minister Shankar Prasad Koirala, inaugurating leather goods and

Nepal’s export over Rs 1 billion in only eight countries

Nepal exports over Rs 1 billion merchandise to some eight countries only, whereas it imports over Rs 1 billion from 26 countries. Nepal exports over Rs 1 billion merchandise to India, USA, Germany, Bangladesh, China PR, UK, France and Turkey,

Increased domestic production can bridge rising import-export gap

Increased domestic production is the only option to bridge widening import-export gap, according to finance minister Shankar Prasad Koirala. Addressing Leather Goods & Footwear Expo-2013, here today, he said that it would be possible only with joint efforts between private

Trade deficit stands at Rs 128.79 billion

Trade deficit has increased by 11.3 per cent – compared to the same quarter of the last fiscal year – to Rs 128.79 billion in the first quarter of the current fiscal year 2013-14, according to the central bank report.