Thursday, January 21, 2016

Nepal black market on the rise

Posted by Anup Baral January 21, 2016:


The black marketeers are making most of the opportunity to earn a fast buck at the expense of the people who have to face severe shortages of essentials including fuel, cooking gas, medicines and foodstuffs. Since the imposition of the so-called blockade at the check posts in the south border areas almost five months ago, these commodities have been hard to procure in the market. The shortage of fuel due to the supply chain disruption has been a boon to black marketeers and they have raked in about half a billion rupees in the last five days, they said and alleged that the illegal money has been pocketed by some officials of Nepal Oil Corporation (NOC), depot heads and even some politicians. “How can they pocket the illegal money so easily without the involvement of higher-up government officials and politicians,” the industrialists asked.

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