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Customs officials, security personnel and smugglers are hand in glove in smuggling of goods!
Published On: July 3, 2024 09:44 AM NPT By: Arjun Oli
NEPALGUNJ, July 3: Goods are easily smuggled through the Nepalgunj border in western Nepal, which is connected to India. The smugglers have effectively engaged the customs officials, security personnel and others to smuggle large quantities of goods.
Bhadrapur municipality collects Rs 48.66 million in revenue
Published On: May 26, 2024 09:50 AM NPT By: Republica
BHADRAPUR, May 25: Bhadrapur municipality of Jhapa district has collected Rs 48.66 million in revenue in the last 10 months of the current Fiscal Year, 2023/24. The municipality has set a target of collecting Rs 55 million in revenue this fiscal year.
Seven traditional border trade points with China including Kimathangka reopened
Published On: May 26, 2024 08:00 AM NPT By: Republica
KATHMANDU, May 26: Following continuous diplomatic efforts by the Government of Nepal, most border crossings with trade points to China including the Kimathangka transit in Sankhuwasabha have reopened for service from Saturday.
Banks’ base rate of interest comes down to as low as 7 percent
Published On: May 25, 2024 09:14 PM NPT By: Republica
KATHMANDU, May 25: Nepali commercial banks have reduced their base interest rate to as low as seven percent citing slow demand for loans amid excessive liquidity with them.
Nepal’s outstanding public debt Rs 2.4 trillion
Published On: May 25, 2024 07:20 PM NPT By: Republica
KATHMANDU, May 25: The country's outstanding public debt has reached nearly Rs 2.4 trillion. The public debt witnessed a rise of Rs 98 billion in the last 10 months of the current fiscal year alone, according to the Public Debt Management Office (PDMO).
NEPSE soared 112.73 points, while share investors made capital gains of Rs 178 billion last week
Published On: May 25, 2024 04:30 PM NPT By: Republica
KATHMANDU, May 25: Nepal Stock Exchange (NEPSE) added a notable 112.73 point last week in the aftermath of Nepal Rastra Bank revising the monetary policy while banks took soft measures to provide loans against share through reducing the interest rates.
Border crossings with China including Kimathangka re-opening today
Published On: May 25, 2024 12:30 PM NPT By: Republica
KATHMANDU, May 25: Following continuous diplomatic efforts by the Government of Nepal, most of the border crossings with trade significance with China are re-opening for service from today. This includes the Kimathangka transit point at Sankhuwasabha.
DoMLI prepares case against fraudster Sharma for misappropriating Rs 33 billion from cooperatives
Published On: May 25, 2024 10:30 AM NPT By: Dilip Paudel
KATHMANDU, May 25: The Department of Money Laundering Investigation (DoMLI) has prepared a case against Kedarnath Sharma, the chairman of Shiva Shikhar Multi-Purpose Cooperative, for allegedly misappropriating over Rs 33 billion of public deposits from various cooperatives.
Price hike of iron blade riles grill and steel entrepreneurs, job security demanded
Published On: May 25, 2024 09:05 AM NPT By: Republica
KATHMANDU, May 24: The Federation of Grill and Steel Fabricators Nepal (FGFSN) has said soaring prices of iron has adversely affected the grill industries.
374 small industries in Makwanpur shut in 10 months
Published On: May 24, 2024 08:37 PM NPT By: Republica
BAGMATI, May 24: A total of 374 small-scale industries have been closed in the 10 months of the current fiscal year 2023/24 in Makawanpur district due to the ongoing economic crisis.
Luxury tax on hotels should be abolished in upcoming budget: HAN President Shah
Published On: May 24, 2024 06:05 PM NPT By: Republica
KATHMANDU, May 24: President of the Hotel Association of Nepal (HAN), Binayak Shah, has said that the luxury tax imposed on hotels should be abolished through the next national budget.
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