Government to give public utilities Rs 26 million

Government to give public utilities Rs 26 million

The government has decided to provide Rs 25.7 million to three public enterprises (PEs) to compensate for their losses they have incurred while operating fair price shops in different parts of the country during last Dashain-Tihar-Chhath festivals. National Trading Ltd (NTL), Salt Trading Corporation (STC), Nepal Food Corporation (NFC) and Dairy Development Corporation (DDC) had provided people food commodities and various daily essentials at at subsidised rates across the country. They sold sugar, rice, salt, ghee and lentils as well as home appliances, machines and electrical appliances at fair prices through various outlets. The three public utilities submitted the report and the ministry has agreed to provide them Rs 25.7 million. Last year, the government had provided subsidy of Rs 17 million to the Public Enterprises to operate fair price shops. Nepal Food Corporation, Salt Trading and National Trading will get Rs 3.7 million, Rs 12 million and Rs 10 million, respectively, whereas DDC will not get any subsidy as it hasn't claimed for subsidy. Meanwhile, the ministry is also preparing to run such fair price shops across the country round the year.
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