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

Gold and Silver Prices Edge Up in Local Market

Citizen Investment Trust Earns Rs 1.25 Billion Profit, Approves Dividend Distribution

Government Revenue Falls Short of Mid-Year Target in FY 2025/26

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

Gold and Silver Prices Edge Up in Local Market

by CEO Tab
January 16, 2026
0
NRB sells gold and silver coins for upcoming Tihar

Gold and silver prices saw a slight increase in the domestic market on Friday. According to the Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), gold rose to Rs...

Read more

Citizen Investment Trust Earns Rs 1.25 Billion Profit, Approves Dividend Distribution

by CEO Tab
January 16, 2026
0
CIT to guarantee shares of IME Life Insurance

The Citizen Investment Trust (CIT) posted a net profit of over Rs 1.25 billion after tax in the last fiscal year. Of the total profit, Rs 251.2 million...

Read more

Government Revenue Falls Short of Mid-Year Target in FY 2025/26

by CEO Tab
January 16, 2026
0
Govt honors highest tax paying companies and individuals

In the first six months of FY 2025/26 (mid-July to mid-January), the government collected Rs 581.41 billion in revenue, meeting 81.75 percent of the target, according to the...

Read more

Nepal Telecom Approves Rs 30 Cash Dividend per Share

by CEO Tab
January 16, 2026
0
Nepal Telecom 4G tower being set up in Humla

Nepal Telecom has approved the distribution of cash dividends to its shareholders from the profits of fiscal year 2024/25. The decision was made at the company’s 18th Annual...

Read more

Commercial Banks Further Reduce Deposit Interest Rates for the Month of Magh

by CEO Tab
January 14, 2026
0
Commercial Banks Cut Interest Rates Amid Excess Liquidity

Commercial banks have announced new deposit interest rates for the month of Magh. With credit flow shrinking and liquidity piling up, banks that had already been continuously reducing...

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.