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

Rainfall damages bricks worth Rs 90 million in Bhaktapur

CEO TAB by CEO TAB
January 20, 2020
in Prime News
0
Rainfall damages bricks worth Rs 90 million in Bhaktapur
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Bhaktapur, January 20: Huge quantity of bricks readied to be baked in altogether 62 brick kilns at Bhaktapur has been damaged by the incessant rainfall in the past two days. The rainfall incurred the damages to around one million pieces of raw bricks amounting to Rs 90 million, informed Bhaktapur Brick Factories Entrepreneurs Association’s President Natibhai Hyomba. Hyomba shared, “More than 80 percent of raw bricks readied to burn was ruined by the rain.

You might also like

Nepal Airlines’ Financial Crisis Deepens as Debt Burden Surges

Import Loans Rise Sharply as Private Sector Lending Remains Weak

Government Assures Adequate Sugar Supply Despite India’s Export Ban

Furthermore, the rainfall that began since Thursday night made it difficult to protect the furnace in the brick kiln.” In lack of adequate raw bricks to be baked and burned, there are only two options: whether let the fire be doused or keep the fire burning with the help of coals which would obviously increase the production cost.

Nevertheless, he assured that it would not lead to a hike of bricks’ price in the immediate future as they have had enough of old stock of bricks to cater to the market demand for some time. Given the grim scenario, he appealed to the local municipality and government to consider subsidizing the tax for the brick entrepreneurs. Entrepreneurs apart, the laborers working in the kiln have also borne the brunt of damages on bricks as they have to bear 33 percent of the loss as per the prevailing regulations while rest other 67 percent will be borne, according to him.

Ram Bahadur BK, one of the laborers, bemoaned that the rainfall and the subsequent damages on the bricks had caused them financial loss. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Nepal Airlines’ Financial Crisis Deepens as Debt Burden Surges

by CEO Tab
May 18, 2026
0
Nepal Airlines to operate  daily flight in Kathmandu-Delhi route

The financial condition of state-owned Nepal Airlines Corporation has worsened significantly, with the national flag carrier facing mounting debt and growing concerns over its long-term sustainability. According to...

Read more

Import Loans Rise Sharply as Private Sector Lending Remains Weak

by CEO Tab
May 18, 2026
0
Loans from BFIs to private sector increases by Rs 192.64 billion till mid-January

Loans issued by banks and financial institutions (BFIs) for imports increased by 32 percent during the first nine months of the current fiscal year, reflecting growing demand for...

Read more

Government Assures Adequate Sugar Supply Despite India’s Export Ban

by CEO Tab
May 18, 2026
0
India extends ban on sugar exports by a year

The government has assured the public that there will be no shortage of sugar in the domestic market despite India’s recent ban on sugar exports. According to Ministry...

Read more

Nepal Rastra Bank to Review Standing Deposit Facility to Strengthen Interest Rate Corridor

by CEO Tab
May 18, 2026
0
Interest rates not to change despite high demand for loans

Nepal Rastra Bank has announced plans to review the existing Standing Deposit Facility (SDF) provision in an effort to make the interest rate corridor more effective. The move...

Read more

NRB Plans to Review Standing Deposit Facility to Strengthen Interest Rate Corridor

by CEO Tab
May 17, 2026
0
Interest rates not to change despite high demand for loans

Nepal Rastra Bank (NRB) has announced plans to review the existing provision of the Standing Deposit Facility (SDF) in an effort to make the interest rate corridor more...

Read more
Next Post
Investment Board, Power China sign MoU on Tamor Hydel power

Investment Board, Power China sign MoU on Tamor Hydel power

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

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.