Bowing to a long-standing demand from gas bottlers, Nepal Oil Corporation has raised their commission by Rs27.88 per cylinder. According to corporation officials, gas bottlers will receive a commission of Rs259.88 per cylinder from Thursday.
The Problematic Cooperatives Asset Management Committee has moved to liquidate the assets of Societal Saving and Credit Cooperative to raise cash to pay off its members, said the Ministry of Land Management, Cooperatives and Poverty Alleviation.
In a public notice issued on Sunday, Nepal Sugar Mills Association said that the domestic sugar production is expected to hover at 190,500 tonnes this sugarcane crushing season that is likely to end in mid-May.
Nepal Stock Exchange last week surged by 48.29 points to close at 1,232.31points, after investors rushed to purchase stocks with the expectation that listed companies could provide more dividends after they posted higher profits.
Pashmina export revenues are going downhill even though the government has given the sector high priority because it is one of the country’s major export earners, said government officials at a programme on Friday.