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Monday, April 29, 2019

Govt extends sugar import ban by three months

Kathmandu, April 29

The government has decided to extend a ban imposed on the import of sugar from India by three months.

The ban was in effect till mid-April. However, the Ministry of Industry, Commerce and Supplies extended the ban till mid-July now.

The government had introduced the ban owing to a request of domestic sugar mill owners who claimed that they could not compete with Indian sugar, which was cheap, and argued a ban would promote the domestic industry.

The government had barred the traders from importing more than one tonne sugar till mid-April.

Officials of the Ministry accept that the Cabinet made the decision to extend the ban owing to undue pressure from the sugar millers this time also.

A few weeks ago, Prime Minister KP Sharma Oli, however, had claimed that he was deceived by the millers with wrong information that triggered the ban last year.



from OnlineKhabar http://bit.ly/2V2xByR

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