Stories By 'Prahlad Rijal'
Imports of vehicles and accessories contributed the most to the customs revenue collection last fiscal year.
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The most commonly adulterated products are four food items—drinking water, cooking oil, vegetable ghee and processed milk, according to official records.
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The number of motorcycles and scooters registered in Lumbini, Narayani and Koshi zones is nearing the figure in Bagmati zone where the Kathmandu Valley is situated, the largest market for motor vehicles in Nepal, pointing to swelling two-wheeler sales in emerging markets.
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As panic selling gripped the investors, the Nepal Stock Exchange (Nepse) index fell by whopping 88.81 points--the highest single day loss--on Monday. With the market reeling under a strong selling pressure, investors lost Rs98 billion on the day.
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Registration of new vehicles in Bagmati zone jumped by a whopping 77.86 percent year-on-year in 2015-16 despite a four-and-half-month-long Indian trade embargo that crippled imports.
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The used car business has undergone a paradigm shift with websites overtaking traditional garages.Online sellers specialising in second-hand vehicles have observed a substantial growth in recent years while reconditioned centres are just doing so-so thanks to tech-savvy youths, said stakeholders.
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