Stories By 'KRISHANA PRASAIN'
With the government budget announcement to hike the excise duty on the import of vehicles, automobile dealers have started unveiling their post-budget prices for the new fiscal year beginning on Tuesday.
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A hike in excise duty has made smartphones dearer. Prices of smartphones of all brands have gone up by an average of 5 percent, mobile dealers said. Some sellers have already raised their prices while others plan to revise the rates on Tuesday, the beginning of the new fiscal year 2018-19.
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With Nepali clothing brands becoming increasingly fashionable of late, the domestic apparel industry is riding the rising wave of sales. Increasing demand for Nepali garments in the local market has made Nepali apparel manufacturers upbeat about the business.
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Nepal’s movie industry is going great guns with audiences cramming cinema halls across the country. Digital rights, new generation storytellers, scenic shooting locations, accomplished actors and the use of modern technology are a few of the reasons behind the commercial success of Nepali movies, industry insiders said.
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The number of private security companies has jumped along with a rise in investment and crime rates.
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Popular among youths, sports bikes sales has been trending up gradually since the last few years. But it is likely to slow down from the next fiscal year, starting mid-July as the new tax increments on motorcycles exceeding 150cc come into effect.
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