Conduct market monitoring effectively: PM Prachanda

blog

By TRN Online, Kathmandu, Mar. 23: Prime Minister Pushpa Kamal Dahal 'Prachanda' has instructed the Inland Revenue Office, Department of Revenue Investigation and Department of Commerce and Supply Management to jointly and effectively conduct market monitoring.

Prime Minister Prachanda issued the instruction while discussing with the sandals and shoe entrepreneurs at Singh Durbar today.

"All the policy and legal provisions to control revenue evasion should be implemented effectively. The Inland Revenue Office, revenue investigation department and department of commerce needs to jointly and effectively conduct market monitoring," said the PM.

He also directed the to review the related policy so that there is some difference in percentage points at least 10 per cent, on raw material, finished product or customs of the product.

PM Prachanda also directed the concerned authorities to formulate policy prioritizing use of domestic product by all the government agencies.

He also underlined the need for a national standard for imports so as to maintain quality.

"Monitoring should not be limited to only at the borders, make arrangement for monitoring the internal market," he said. According to the PM’s secretariat, Finance Secretary Toyam Raya, Secretary (revenue) Ram Prasad Ghimire, secretary of PM’s office Ganesh Prasad Pandey, Director General of Internal Revenue Department Dirgha Raj Mainali, Director General of Department of Revenue Investigation Narayan Prasad Sapkota, Director General Chakra Bahadur Budha, entrepreneurs and official of PM secretariat attended the discussion.

The representatives of shoes and sandals entrepreneurs have demanded that the government focus more on encouraging domestic products in its policy, programme and implementation.

How did you feel after reading this news?