CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Govt to run festivals-centric fair price shops from Oct 8

CEO Tab by CEO Tab
September 28, 2023
in Prime News
0
“Issues of price increment of petroleum goods will be resolved”
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The government has decided to run the fair-price shops in view of the upcoming festivals from October 8 to November 19.

You might also like

Nepal’s Economy Projected to Reach Rs 6.6 Trillion, but Growth Slows to 3.85%

FNCCI Reschedules 60th AGM and Leadership Election for May 4 After Court Stay

NPC Says Upcoming Budget to Emphasize Governance Reform and Long-Term Economic Growth

According to Spokesperson at the Ministry of Industry and Supplies, Gajendra Kumar Thakur, the decision to run such shops is aimed at serving the interests of consumers during the festive season. The outlets are expected to control unwanted price hikes of goods, ensure availability of quality goods and the smooth supplies of food at reasonable rates during festivals.

The government each year launches fair price shops to prevent the monopoly of the private sector in the market during festivals.

Food Management and Trade Company Limited (FMTCL) and Salt Trading Corporation under the Ministry of Industry, Commerce and Supplies and Dairy Development Corporation under the Ministry of Agriculture and Livestock Development will collaborate to run such shops.

Different varieties of rice, pulses, wheat flour, edible oil and beaten rice will be available in such outlets at relatively lower prices than in the regular market. 

Similarly, a discount of Rs 10 has been offered per kg of beans and other grains produced in Karnali and live goats, and mountain goats.  The government has allocated Rs 23.22 million for Food Management and Trade Company to run fair price shops this year.

Likewise, the government has allocated Rs 10 million to provide discounts on food stuffs to be sold through Salt Trading Corporation. The Salt Trading Corporation will sell sugar at Rs 97 per kg while it will provide Rs 2 discount on per kg salt and Rs 7 on per kg beaten rice.

The Dairy Development Corporation will provide Rs 20 discount on per kg ghee and Rs 20 on per 200 gram paneer and Rs 50 on per 500 gram paneer.

There would be stalls in 35 places including eight selling centers and three mobile shops of Food Management and Trade Company and Salt Trading Corporation located in Kathmandu Valley.

The FMTCL will also run fair-price shops in Morang, Jhapa, Taplejung, Sankhuwasabha, Solukhumbu, Diktel, Bhojpur, Okhaldhunga, Khotang, Siraha, Janakpur, Parsa, Kathmandu, Lalitpur, Bhaktapur, Kaski, Tanahun, Gorkha, Manang, Mustang, Rupandehi, Banke, Dang, Bardiya, Rukum East and Rukum West.

Similarly, FMTCL will have concessional stocks at 48 places of 42 districts, including Rolpa, Surkhet, Gulmi, Dailekh, Dolpa, Kalikot, Humla, Jajarkot, Jumla, Mugu, Kailali, Dadeldhura, Bajura, Bajhang, Achham, Darchula and Mahendranagar.

Such fair-price shops can also be operated in additional districts and places as per the need, the Ministry stated. The fixed discount can be accessed through free online home delivery, mobile service, cooperatives and dealers. A monitoring committee has also been formed to check whether the operated fair-price shops are effective or not.

According to the Ministry, market monitoring would be further intensified throughout the festival period. In the case of Kathmandu Valley, the Ministry shall form the team and carry out monitoring throughout the period the fair-price shops are operated. The corporations concerned shall also do the same.

The Department of Commerce, Supplies Management and Consumer Protection will also form additional teams other than the regular monitoring and intensify the monitoring.

In case of the districts, the monitoring teams shall be constituted under the convenorship of the Chief District Officer or the Assistant Chief District Officer for carrying out thorough monitoring, according to the Ministry.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Nepal’s Economy Projected to Reach Rs 6.6 Trillion, but Growth Slows to 3.85%

by CEO Tab
April 29, 2026
0
Nepal’s Second Economic Census to Begin on March 15

Nepal’s economy is projected to reach Rs 6.6 trillion by the end of the current fiscal year (FY), marking an increase of Rs 401 billion, according to preliminary...

Read more

FNCCI Reschedules 60th AGM and Leadership Election for May 4 After Court Stay

by CEO Tab
April 29, 2026
0
Nepal trails behind many countries in 13 global indices

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has announced that it will hold its 60th Annual General Meeting (AGM) and leadership elections on May 4....

Read more

NPC Says Upcoming Budget to Emphasize Governance Reform and Long-Term Economic Growth

by CEO Tab
April 29, 2026
0
NPC directs to carry out a feasibility study of tunnel in Myagdi

National Planning Commission (NPC) member Dr Sanjay Acharya has said the upcoming Fiscal Year (FY) 2026/27 budget will focus on strengthening good governance and laying the foundation for...

Read more

Nepal Launches One-Stop Digital Service Center to Streamline Investment Process

by CEO Tab
April 29, 2026
0
Investment Board to approve investment worth $10 billion  in 5 years

The Investment Board Nepal (IBN) has introduced a one-stop service center aimed at making investment procedures easier and more accessible for potential investors. The board has launched an...

Read more

Nepal’s Capital Gains Tax from Share Trading Falls by 36%

by CEO Tab
April 27, 2026
0
Govt collects CGT of Rs 4.23 billion in first month this FY

The government collected Rs 8.17 billion in capital gains tax (CGT) from share transactions during the first nine months of the current fiscal year, marking a 36.44 percent...

Read more
Next Post
Urea fertilizers imported on subsidy allegedly misused

Deal signed to set up fertilizer factory

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.