Kathmandu, 8 July: The customs tariff was changed by outgoing finance minister Janardan Sharma while presenting the budget for the new fiscal year ensuring benefit to the trading company belonging to Prime Minister Sher Bahadur Deuba’s son Jayabirsingh Deuba. Then finance minister Sharma slashed down import duty on sanitary pads ensuring a heavy profit margin in import of the pads. Jayabir’s company Blueprint Trading is in the import business of sanitary pads.  Sharma has slashed down import duty, meanwhile, has added import duty on raw materials being used for producing sanitary pads in the country.  Local industries producing such pads have unable to produce sanitary pads as imported pads are going to dominate the market.  The local sanitary pad industries established with an investment of seven billion rupees in the country are on the verge of collapse as the government decided to reduce the duty on imported products and increased imports of raw materials.  Financial observers believe that such a decision has been made in a setting for enormously benefits to Prime Minister’s son’s business.  This is not only an example of policy-loot but also an attempt of destroying local industries by abducting employment opportunities of many local people.  People’s News Monitoring Service