Multinationals’ profits slide as political turmoil, India’s GST change and migration weigh on demand - kathmandupost.com

Political instability under a weakened interim government, policy and regulatory delays, the impact of India’s revised Goods and Services Tax (GST), outward migration of youth and the depreciation of the Nepali rupee against the US dollar have dented the profits of multinational companies operating in Nepal. Unilever Nepal, the country’s largest fast-moving consumer goods manufacturer, reported a…