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

Market monitoring intensified, 175 firms face action

CEO Tab by CEO Tab
September 24, 2022
in Prime News
0
Market monitoring intensified, 175 firms face action

This image shows the office building of the Department of Commerce, Supplies and Consumer Protection in Babarmahal, Kathmandu in August 2021. Photo courtesy: Anash Uddin

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The Department of Commerce, Supplies and Consumer Protection has intensified market monitoring in the wake of approaching festivals. The Department monitored 272 firms last week.

You might also like

Government Unveils 10-Point Action Plan to Strengthen Cooperative Sector Oversight

Strong External Indicators Contrast with Weak Domestic Economy, Says NRB Report

Budget Prioritizes Recurrent Spending Over Development Despite Strong Government Mandate

A team of inspectors mobilized by the Department fined Rs 200,000 to a department store at Madhyapur Thimi, Bhaktapur on Wednesday. The Department fined the department store after the store changed the standards, price and weighs of the goods by violating the rules.

Similarly, the team on Thursday fined Rs 200,000 to a grocery located at Imadol of Lalitpur reasoning that the shop was found cheating consumers. A total of 844 firms were monitored since July 17, among which 175 firms were fined. A total of Rs 3.531 million revenue was collected from the fine. Inedible goods worth Rs 2.399 million was destroyed during the inspection, according to the Department.

The monitoring team directed the firms facing action to keep registration document updated, display price list and registration certificates which the consumers can see easily and be present at the Department along with sales bill.

Ten monitoring teams of the Department monitored groceries, vegetable and fruit shops, pharmacies, fresh houses, liquor store, dairy, cosmetic stores and sweet shops. Director at the Department, Hari Pangeni, said that they accelerated market monitoring with an objective that consumers would not be cheated when buying goods during the festivals.

Meanwhile, organisations working for the rights of consumers shared that the government had not been able to carry out market monitoring effectively. Chairperson of Consumer Rights Research Forum, Madhav Timilsina, shared that the government mechanism had not been able to carry out effective works in order to protect and promote consumer rights.

He mentioned that there was a trend of cheating consumers in different pretexts in the market as the government had no clear data of supply and consumption of daily essentials.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Government Unveils 10-Point Action Plan to Strengthen Cooperative Sector Oversight

by CEO Tab
June 19, 2026
0
Government Unveils 10-Point Action Plan to Strengthen Cooperative Sector Oversight

The Ministry of Land Management, Cooperatives, Federal Affairs and General Administration has introduced a 10-point action plan aimed at addressing problems, irregularities, and the growing number of complaints...

Read more

Strong External Indicators Contrast with Weak Domestic Economy, Says NRB Report

by CEO Tab
June 19, 2026
0
Strong External Indicators Contrast with Weak Domestic Economy, Says NRB Report

Nepal's latest macroeconomic report presents a mixed picture, showing strong performance in external sector indicators while revealing continued weakness in the country's domestic economy. According to the Current...

Read more

Budget Prioritizes Recurrent Spending Over Development Despite Strong Government Mandate

by CEO Tab
June 19, 2026
0
Budget Prioritizes Recurrent Spending Over Development Despite Strong Government Mandate

Despite enjoying the support of nearly two-thirds of Parliament, the government has presented a budget for fiscal year 2026/27 that reduces the share of capital expenditure, raising concerns...

Read more

House of Representatives Passes Appropriation Bill by Majority

by CEO Tab
June 19, 2026
0
House of Representatives Passes Appropriation Bill by Majority

The House of Representatives on Thursday passed the Appropriation Bill by a majority vote, endorsing the budget for the upcoming fiscal year unveiled by the government on May...

Read more

Nepal’s Public Debt Climbs to Rs 2.96 Trillion, Reaching 44.87% of GDP

by CEO Tab
June 18, 2026
0
Nepal’s Public Debt Climbs to Rs 2.96 Trillion, Reaching 44.87% of GDP

Nepal’s total public debt has reached Rs 2.961 trillion during the first 11 months of the current fiscal year 2025/26, equivalent to 44.87 percent of the country’s gross...

Read more
Next Post
Minister Sharma urges BFIs to consider investment in productive sector

'Production-based industries affected by high interest'

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.