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Registered auditors, CAs clash

KATHMANDU, July 2

Representatives of the Auditors Association of Nepal (AUDAN) and the Institute of Chartered Accountants of Nepal (ICAN) clashed on Tuesday leaving AUDAN President Mohan Rej Regmi injured.

The registered auditors, who were staging a sit-in in front of the ICAN Office in Babarmahal demanding that the policy of ”one person one profession” not be implemented, and the chartered accountants (CA) who are supporting the policy clashed. ICAN was also helped by the Nepal Chartered Accountant Students Association in the clash.

AUDAN has been staging a phase-wise protest from June 26 putting forth a 22-point demand. Vice President of AUDAN and coordinator of the protest programs Krishna Poudel said the auditors had to resort to staging a sit-in as repeated dialogue with ICAN did not make any breakthrough. “The students studying chartered accountancy attacked our president even as we were protesting peacefully. We will resort to more stringent protest programs from tomorrow if our demands are not met,” he added.       

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Market’s Data

Index Current Points Change % of +-
NEPSE 93819 -3.83 -0.004%
Sensitive 20143 -0.45 -0.002%
Float 6644 0.02 0%
Sen. Float 5560 0.18 0.003%
Banking 82790 -3.27 -0.004%
Hotels 20674 -0.49 -0.002%
Dev.Bank 194362 1.15 0.001%
HydroPower 78907 -3.4 -0.004%
Finance 217235 -15.75 -0.007%
Insurance 52960 -0.31 -0.001%
Manu & Pro 378025 -39.59 -0.01%
Others 149311 1.87 0.001%
Total Traded Amount Rs: 71783 1.18 0.002%
Total Traded Shares: 202447460
Total Transactions: 629866
Currency Unit Purchase Sale
Indian Rupee
100
160
160.15
US Dollar
1
101.56
102.16
AUS Dollar
1
80.24
80.71
EURO
1
113.33
113.99
Pound Sterling
1
159.03
159.97
Japani Yen
10
8.41
8.45
Chinese Yuyan
1
16.39
16.49
Singapore Dollar
1
76.10
76.55
Hongkong Dollar 1 13.10 -
HALLMARK GOLD 52700/per tola
TEJABI GOLD 52450/per tola
SILVER 740/per tola
Petrol(MS)
NRs 109.00/L
Diesel(HSD)
NRs 86.50/L
Kerosene(SKO)
NRs 86.50/L
Aviation Turbine Fuel
NRs 133.00/L(Duty Paid)
Aviation Turbine Fuel(Jet A-1)
USD 1400.00/KL(Bonded)
LP Gas NRs 1470.00/cyl

Seven expectations from 2070

Nepal is gradually corroding in political, economic, social sectors. Every year comes with new energy and vigor but ends with disappointing and failure.

Opinion

Improvement in revenue policy

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
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