Tuesday, December 29, 2015

Nepal losing Rs 2 billion daily following Indian blockade

Posted by Anup Baral December 29, 2015 :


Nepal is losing billions of dollars daily because of the blockade. The loss has been calculated based on information provided by private industries, the minister said. The industries have been paying Rs 2 billion as haltage by the containers carrying goods, workers' wages and banks loans, among other.Minister of Industry Som Prasad Pandey said that the country has been losing Rs 2 billion everyday following the Indian blockade. Speaking with Republica, the minister said the country's industry sector has been reeling through crisis after the blockade. "The country is losing Rs 2 billion everyday as the blockade has been obstructing import of raw material and other commodities."

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