Former Director General Kumar Dahal on Market Reform and MRP Implementation
Summary
Kumar Dahal, former Director General of Nepal's Department of Commerce, discusses the challenges of implementing Maximum Retail Price and billing to curb revenue leakage and increase market transparency.
Key Points
- Kumar Dahal emphasized that implementing MRP and billing is crucial to market transparency and reducing revenue leakage in Nepal.
- Despite being mandated by the Consumer Protection Act 2075, MRP and billing are resisted by powerful market players benefiting from illegal profits.
- Around 70 percent of market transactions do not issue bills, leading to significant tax evasion and revenue loss for the state.
- Dahal advocates for courageous leadership and technical digitization to enforce existing laws and track market transactions effectively.
