Author: Manish Vasdev
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Nepal raises import duties on steel in annual Budget, Indian exports to be hit
Nepal’s government has imposed import duties on several steel products in its annual Budget announcement on 29 May’22 in a bid to control foreign exchange outgo amid rising inflationary pressure. The government has proposed to control inflation within 7% in its NPR 1.79 trillion budget and has emphasized on ‘Make in Nepal’ and the need…