Twenty-three district development committees (DDC) finished Rs 59.20 million by distributing allowances violating the repeated instructions by the government even last year. They have received allowances by getting approval from the council as the line ministry and the CIAA can seek explanation
KATHMANDU, April 16:
The 14-year dispute about operation of Godavari Marble Industry has ended with the Supreme Court ordering closure of the factory on Thursday.
The full bench comprising justices Sushila Karki, Govinda Kumar Upadhyaya and Jagadish Sharma Poudel has ordered closure of the industry deeming that the government’s decision to allow operation was not legal. “T...
KATHMANDU, April 23
New process has been started for recruiting chief executive officer (CEO) of the Nepal Tourism Board (NTB) that has remained vacant for three and half years. The Ministry of Culture, Tourism and Civil Aviation is preparing to amend the NTB regulation to appoint CEO which has remained vacant after the term of Prachanda Man Shrestha ended almost four years ago.
KATHMANDU, April 9
Stakeholders say Nepal should intensify diplomatic initiative for passing of the bill tabled in the American Senate by Senator Dianne Feinstein at the start of January to allow duty-free entry of textiles and apparel products from Nepal for 10 years.
They claim that the bill can be passed if the government were to lobby seriously, and demand intensifying of...
LOK BAHADUR CHAPAGAI
KATHMANDU, April 15
Paid-up capital of Nepali banks is the least among the SAARC countries with even Bhutanese banks having almost 150 percent higher paid-up capital. Banks are facing difficulties to invest in infrastructures due to low paid-up capital. There are currently 30 commercial banks, 81 development banks and 52 finance companies in Nepal.
The minimum paid-up...
KATHMANDU, April 20
There has been gradual improvement in realty transaction in the past five years.
Entrepreneurs attribute the improvement to reduction of interest rate on realty loans by banks, immediate availability of completed houses and apartments, and availability of completed residence in up to 30 percent lower price in comparison to the inflation in construction m...
KATHMANDU, April 21
Driving under influence (DUI) has been rising due to weak legal provisions despite the Nepal Police intensifying the campaign against DUI across the country in the past four years.
The Metropolitan Traffic Police Division first started the campaign in the three districts of Kathmandu Valley on December 3, 2011. A total of 175,147 drivers have been punishe...
KATHMANDU, April 23
Telecom service-providers have been defying repeated instructions by the regulatory Nepal Telecommunication Authority (NTA) and parliamentary committee to improve quality of services. The majority of consumers, as a result, have been facing one problem after another. The pile of instructions is also rising along with addition to problems.
KATHMANDU, April 19
Minister of State for Labor and Employment Tek Bahadur Gurung, who is also a manpower entrepreneur, is making plans to send workers to the Gulf states and Malaysia free of cost. His plan is not just ambitious, but even unrealistic in the words of entrepreneurs themselves.
To talk about sending workers at zero cost with such preparation and structures is no...
KATHMANDU, April 23
Twenty-three district development committees (DDC) finished Rs 59.20 million by distributing allowances violating the repeated instructions by the government even last year. The officials have received allowances by getting approval from the council as the line ministry and the Commission for Investigation of Abuse of Authority (CIAA) can seek explanation.
KATHMANDU, March 26
Headquarters of the Nepal Police and the Armed Police Force (APF) have deployed teams after financial irregularities in operation of their mess across the country.
The forces have deployed special teams to the units across the country to control the irregularities committed due to connivance of office chiefs and mess operators. Around 90 percent of 67,400...
Revenue growth rate of Nepal has been encouraging in the past few years. Average revenue growth rate is 16 percent at the end of the first nine months of the current fiscal year and it has remained 20 percent on an average in the past few years. Opinion