Imports of agro products down by 32 percent in Q1 of current FY
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KATHMANDU, Nov. 20 -- The imports of agricultural products declined 32 percent in the first three months of the current fiscal year.
The data of the Ministry of Agriculture and Livestock Development (MoALD) shows that Nepal imported agro products worth Rs 69.13 billion in the review period, down from Rs 116 billion in corresponding period of last fiscal year. The policy adopted by the government to discourage imports citing the depleting foreign currency reserves, drop in demand due to soaring prices and people's attraction towards domestic production, among others, resulted in a notable drop in the imports figure, according to the MoALD.
Meanwhile, the MoALD has spent 23.61 percent of the budget worth Rs 13.20 billion allocated for the...
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