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Private sector tried to prolong life of controversial tax settlement body
Published On: August 1, 2017 07:47 AM NPT By: Rudra Pangeni
KATHMANDU, July 31:The private sector has attempted at least twice to get the Tax Settlement Commission extended or a new commission formed. The controversial body has drawn huge criticism and also seen court cases involving a record high amount in corruption.
Rs 4 million tax waiver for parliament secretariat staffers illegal
Published On: July 27, 2017 03:30 AM NPT By: Rudra Pangeni
KATHMANDU, July 26: Parliament Secretariat emplooyees have not yet paid Rs 4 million in taxes deducted at source (TDS) on their salaries allowances of the fiscal year 2013/14.
Govt intervention will hamper KUKL reform efforts
Published On: July 26, 2017 01:45 AM NPT By: Rudra Pangeni
The nomination of the Secretary of the Ministry of Drinking Water and Sanitation, Bhim Prasad Upadhyaya, as board director of the Kathmandu Upatyaka Khanepani Limited (KUKL), has brewed fresh controversy in the water utility.
Informally acquired skills to get globally accepted certification
Published On: July 25, 2017 07:00 AM NPT By: Rudra Pangeni
KATHMANDU, July 24: Mukesh Chaudhary took a break from his work in Kathmandu in June and went his hometown to sit in final examinations of Grade 12. Chaudhary, 21, works at a construction site and earns to help his parents. Chaudhary has already earned skills in construction work which he neither studied nor attended any training.
Inaction by Chinese contractors to hit dry season power flow
Published On: July 25, 2017 03:45 AM NPT By: Rudra Pangeni
KATHMANDU, July 24: Completing the Dhalkebar substation to import more power and bringing the Kulekhani III plant into generation are two major tasks planned by Nepal Electricity Authority for continuous energy supply in the coming dry season.
Maoists for requesting China to generate 5,000 MW of hydropower
Published On: July 18, 2017 01:45 AM NPT By: Rudra Pangeni
KATHMANDU, July 17: Ruling coalition partner CPN (Maoist Center) has proposed to request Chinese government to build hydropower projects having combined capacity of 5,000 MW in any river basin in Built and Transfer (BT) model.
Rs 46b spent on last 3 days of FY
Published On: July 16, 2017 02:30 AM NPT By: Rudra Pangeni
KATHMANDU, July 15: The government has paid out Rs 46 billion in just three days (Thursday to Saturday), according to spending records at the Financial Comptroller General's Office (FCGO) updated at 6:39 p.m. on Saturday. The eleventh-hour bulk payments raised misgivings about the possibility of irregularity and misappropriation. Interestingly, the daily budgetary status was held up for about an hour and was put up again only at 6:39 p.m.
Rs 219 per family for garbage truck come April
Published On: July 12, 2017 03:45 AM NPT By: Rudra Pangeni
KATHMANDU, July 11:Each family in Kathmandu district will in future have to pay Rs 219 per month for garbage collection, according to the Investment Board Nepal (IBN).
Both govt and private sector clueless on impact of India’s GST
Published On: July 7, 2017 09:06 AM NPT By: Rudra Pangeni
KATHMANDU, July 6: Both the private sector and the government of Nepal are clueless about the impact the Goods and Services Tax (GST) that India introduced Saturday will have on Nepal.
Govt and private sector clueless on impact of India's GST
Published On: July 7, 2017 01:30 AM NPT By: Rudra Pangeni
KATHMANDU, July 7: Both the private sector and the government of Nepal are clueless about the impact the Goods and Services Tax (GST) that India introduced Saturday will have on Nepal.
Acquiring forest a stumbling block for Upper Karnali
Published On: July 6, 2017 10:40 AM NPT By: Rudra Pangeni
KATHMANDU, July 5: Acquiring a piece of forest land of 273 hectares at the project site has become a stumbling block for the 900 MW Upper Karnali Hydropower Project. Providing the forest land to the project is an obligation of the Government of Nepal as per the Project Development Agreement (PDA) signed in 2014.
Ghost hunting in Dhanusha
Published On: June 24, 2017 12:15 AM NPT By: Rudra Pangeni
One person has passed SLC from the village of Amaresh. The sole graduate is now toiling away in the Middle East
AIIB to finance two mega projects totaling Rs 20b: Minister
Published On: June 20, 2017 01:20 AM NPT By: Rudra Pangeni
KATHMANDU, June 20: The Asian Infrastructure Investment Bank (AIIB) has assured Nepal it will finance two mega projects, each costing about Rs 10 billion (US$ 100 million) through soft loans, Finance Minister Gyanendra Bahadur Karki said. The bank will charge 2 percent interest per annum, according to the minister.
Local units told to table budget on July 9
Published On: June 14, 2017 03:15 AM NPT By: Rudra Pangeni
Central budget-preparation process replicated at the local level
Nepali firms should be allowed to bid, say stakeholders
Published On: June 13, 2017 01:00 AM NPT By: Rudra Pangeni
KATHMANDU, June 13: Professional bodies of contractors, consultants and engineers have said that the government itself should select contractors for roads projects being financed by utilizing Indian line of credit (LoC).
Half of the damaged houses were less than 20 years old
Published On: June 12, 2017 02:15 AM NPT By: Rudra Pangeni
KATHMANDU, June 11: More than half of the houses damaged by the 2015 earthquakes were less than 20 years old.
Application of MTEF can make budget more realistic: Experts
Published On: June 7, 2017 12:20 AM NPT By: Rudra Pangeni
KATHMANDU, June 7:Experts have underlined the need to adopt Middle-Term Evaluation Framework (MTEF) and follow practical approach of setting budgetary programs for improving public finance management.
Britannia to produce biscuits, bakery items in Nepal
Published On: June 6, 2017 12:00 AM NPT By: Rudra Pangeni
KATHMANDU, June 6: India's Britannia Industries Limited has received permission to produce its biscuits and bakery products in Nepal.
Development partners to be asked to spend funds through local units
Published On: June 4, 2017 01:45 AM NPT By: Rudra Pangeni
KATHMANDU, June 3: The government is mulling over requesting development partners for delegating projects being implemented with foreign assistance to local units.
New Road losing its charm
Published On: June 3, 2017 12:30 AM NPT By: Rudra Pangeni
KATHMANDU, June 3: New Road is losing its charm as a major shopping hub in Kathmandu Valley.
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