Kathmandu, Nov. 20 -- Seven years after the Consumer Protection Act 2018 came into force, the government has begun drafting standards to define market layers and regulate the pricing of goods and services.

The Department of Commerce, Supplies and Consumer Protection has formed a committee led by its director general, with representatives from the private sector and other stakeholders. The team will prepare a study report to establish standards for determining market structures and pricing systems.

Through these standards, the department plans to clearly define the roles of producers, wholesalers, retailers and service providers. Officials say the framework is intended to bring uniformity in price determination, improve transparency and ...