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48 LPG industries operating without NS certification

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KATHMANDU — 48 out of the 55 Liquefied Petroleum Gas (LPG) industries operating in the country have not yet taken the Nepal Standard certification.

Although the government has made the NS certification mark mandatory to all LPG industries, these 48 companies have not heeded to the government’s regulation for safety.

The Bureau of Standards and Metrology in last December had initiated action against LPG industries operating without acquiring the NS certification. They had stated that they would acquire the certification mark within two months but have not done so yet.

Bureau Director-General Bishwa Babu Pudasaini said the number of LPG industries taking the NS certification mark from the Bureau has however increased.

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“Three LPG industries have taken the certification after campaign has begun to take action against those that have not, while 20 are in the process of taking it,” he informed.

According to him, the Bureau has asked for mandatory documentation with all LPG industries for providing the NS certificate to them.

The LPG industries that have taken NS certification so far include Manoj Gas Industry-Birgunj, Shree Krishna Gas Industry-Dhading, Saibaba Gas Industry-Dhading, Nepal Gas Industry-Balaju, Janaki Gas Industry-Nawalparasi, Metro Gas Industry-Dhading, and NL Gas Industry-Birgunj.

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Economy

Business community demands slash in interest rate

Pratigya Waiju

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BIRATNAGAR— The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the bank and financial institutions (BFIs) from the borrowers.

They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms.

At a programme jointly organised by Industry Association Morang and Trade Association Morang on Thursday, the business leaders drew attention of the government to that end adding that job creation for the labour force of 500,000 was not likely only from the industry and trade sectors.

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Stressing the need for slashing the interest rate, they also argued the central bank should realise the reality that no bank was running out of loss. The industrialists and businesspersons said that industries and business should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.

Industrialists Bhim Ghimire, Pawan Kumar Sharda, Sushen Pyakurel, Moti Dugad and others said that bank’s interest rate should be low to increase the domestic investment and lure the foreign investment.

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