Nominees for 9th Nepal Ice Crity Award announced

Published On: July 23, 2017 09:42 AM NPT By: Republica

KATHMANDU, July 22: Advertising Association of Nepal (AAN) has announced the nominees for 9th Nepal Ice Crity Award sponsored by the Nepal Ice.

19 companies await Sebon nod to launch rights issue

Published On: July 23, 2017 08:58 AM NPT By: Republica

KATHMANDU, July 22: A total of 19 companies are awaiting approval of the Securities Board of Nepal (Sebon) to float 135.75 million units of rights issue. According to the Sebon, these 19 companies plan to raise Rs 13.56 billion from the rights issue.

Workers to get salary through bank in Humla

Published On: July 23, 2017 08:53 AM NPT By: Janak Bahadur Shahi

HUMLA, July 22: Workers in Humla district will receive salaries through the banking system from now on. The wages of the workers of various development projects will be directly deposited to their bank accounts.

"Tax Settlement Commission itself was against law"

Published On: July 23, 2017 08:40 AM NPT By: Republica

In its 54th audit report, Office of the Auditor General had disclosed in April that controversial tax discounts of over Rs 21 billion were provided to different firms and companies by the Tax Settlement Commission (TSC) led by Lumba Dhwaj Mahat. The commission formed in 2015 had decided on the taxes worth Rs 30.52 billion and settled at Rs 9.54 billion. Erstwhile Acting Auditor General Sukadev Bhattarai Khatri took the decision to disclose the issue although they were under great pressure not to do so. The audit report has questioned the opaque tax settlement, which incurred huge loss to the government. Commission for the Investigation of Abuse of Authority (CIAA) has investigated the issue and has recently filed corruption cases against all three members of the TSC at the Special Court and it has sought to recover Rs 10.02 billion from each members. TSC’s member secretary Chudamani Sharma is in custody while Mahat and Umesh Dhakal are at large. Republica’s Rudra Pangeni caught up with Khatri to take insight on various aspects of controversial tax settlements. Excerpts:

Dabur Nepal hands over greenhouse to PADT

Published On: July 23, 2017 06:46 AM NPT By: Republica

KATHMANDU, July 23: Dabur Nepal has said that it handed over a greenhouse to Pashupati Area Development Trust (PADT) last week as part of its Corporate Social Responsibility.

Yeti airlines introduces two ATR aircrafts

Published On: July 22, 2017 08:26 PM NPT By: Republica

KATHMANDU, July 22: Nepali private carrier Yeti Airlines has introduced two ATR 72-500 turboprops.

Nepse up by 52.18 points this week

Published On: July 22, 2017 08:05 PM NPT By: Republica

KATHMANDU, July 22: Shares worth Rs 4.73 billion was traded in the Nepal Stock Exchange this week.

Olangchungola connected to China via road network

Published On: July 22, 2017 02:05 PM NPT By: Republica

TAPLEJUNG, July 22: Neighboring country China and Olangchungola in Taplejung district have been connected through a road network.

ILAM, July 21: The market is closed, but the crowd of buyers from across the border does not seem to lessen. The shopkeepers do not find a break from selling food items -- from salt and oil to pulses and rice. These, the buyers get transported to their homes in India by private vehicles, human porters, or horse-back.

MCC grant agreement expected to be signed by September

Published On: July 22, 2017 12:07 PM NPT By: Sagar Ghimire

KATHMANDU, July 21:The Millennium Challenge Corporation (MCC), an independent foreign aid agency of the US government, has said that it is finalizing the projects under its US$ 500 million grant to Nepal. The Corporation expects that an agreement will be signed with Nepal for the five-year-long compact program, by September this year.