Import and Export
In two months, Nepal imports playing cards valued at more than Rs. 60 million.
By contrast, during the same two months of the previous fiscal year, playing cards worth Rs64.4 million were imported, bringing in Rs40.4 million in revenue.
In just two months, electricity worth Rs. 7.5 billion was shipped to India.
The Nepal Electricity Authority (NEA) exported 1.029 billion units of electricity to India and generated Rs. 7.54 billion in income during the first two months of the fiscal year.
Goldstar footwear is in jeopardy as India tightens import regulations.
Over 100 Goldstar shoes trucks were denied export clearance by India due to a refusal to issue a Bureau of Indian Standards certificate.
Foreign commerce has not improved; in just two months, there has been a 2 trillion 37 billion trade loss.
The country's foreign trade has not shown significant improvement despite external economic indicators improving, with export trade decreasing in the first two months of fiscal year 2081/82.
The tea export to India has seen a significant increase of 52%.
The Mechi Customs Office saw a 52 percent increase in tea exports in the first two months of 2021/82, with 4,412 metric tons exported in Saun and Bhadau.
India eliminated the minimum export price for basmati rice and onions.
The government has stated that this will boost onion exports and boost the income of onion-producing farmers.
Zero customs duty exports from Nepal will rise, and non-customs restrictions ought to be eliminated: industry
India's current import policy allows a concession on imports under the South Asian Regional Cooperation Organization, despite higher duties on imported goods from other countries.
'TIFA Meeting' between the US and Nepal is scheduled for Monday.
The seventh TIFA Council meeting between Nepal and the US is scheduled for September 16 in Kathmandu at the secretary-level.
Qatar began shipping vegetables grown in Nepal.
Qatar is receiving shipments of vegetables grown in Nepal.
STC and FMTC permitted duty-free importation of sugar
The government has granted a 50 percent customs duty waiver to Salt Trading Corporation and Food Management & Trade Company to import 30,000 metric tons of sugar for upcoming festivals.
40 MW of electricity exported to Bihar.
Nepal will receive 8 rupees 72 paisa per unit of electricity sold after receiving license to export 125 MW of electricity to Bihar. Sales will begin with the 40 MW Kataiya transmission line.
