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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.
Nepse gains 27.56 points, daily turnover improves to Rs 2.05 billion on Thursday
Published On: August 18, 2022 04:29 PM NPT By: Republica
KATHMANDU, August 18: Nepal Stock Exchange (Nepse) on Thursday gained 27.56 points to close at 2,068.26 points.
MD Ghising: NEA to work on increasing domestic consumption and exporting surplus electricity
Published On: August 18, 2022 03:00 PM NPT By: Republica
KATHMANDU, August 18: Nepal Electricity Authority (NEA) has revealed that working on making the country self-reliant in hydropower and exporting surplus hydroelectricity to neighboring countries remained its long-term goals. Speaking at the NEA’s 37th Anniversary Program held on Wednesday, dignitaries attending the program including NEA’s Managing Director Kul Man Ghising shared the plans of the authority.
Two large hydropower projects being handed over to India in Deuba's presence
Published On: August 18, 2022 02:23 PM NPT By: Republica
KATHMANDU, August 18: India will be entrusted with the construction of two large hydropower projects in Nepal. In the presence of Prime Minister Sher Bahadur Deuba, a study committee was formed under the coordination of Investment Board Nepal’s CEO Sushil Bhatta and according to the report of the same committee, the agreement will be signed this evening. The IBN is about to enter into an agreement with the approval of the Council of Ministers.
Gold price declines by Rs 300 per tola
Published On: August 18, 2022 12:25 PM NPT By: Republica
KATHMANDU, August 18: The price of gold has decreased by Rs 300 per tola (11.66 grams) in the domestic market today.
DoC bars cooperatives from issuing loan to realty businesses
Published On: August 17, 2022 08:05 PM NPT By: Republica
KATHMANDU, August 17: The Department of Cooperatives (DoC) has barred cooperatives from issuing loans in real estate businesses, citing soaring liquidity crisis and increasing number of cooperatives falling into problems due to their excessive exposure on realty investment.
Profit earned by NEA will be mobilized in development of infrastructures related to electricity supply: Minister Bhusal
Published On: August 17, 2022 07:17 PM NPT By: Republica
KATHMANDU, August 17: Minister for Energy, Water Resources and Irrigation Pampha Bhusal said that the profits earned by Nepal Electricity Authority (NEA) will be invested in the construction of infrastructures related to electricity supply.
SSF starts issuing home loan of up to Rs 7 million
Published On: August 17, 2022 06:30 PM NPT By: Republica
KATHMANDU, August 17: The Social Security Fund (SSF) has started providing loans to its contributors since Wednesday.
Nepal has met the air safety standards: Minister Shrestha
Published On: August 17, 2022 05:55 PM NPT By: Republica
KATHMANDU, August 17: Minister for Culture, Tourism and Civil Aviation Jeevan Ram Shrestha has said that Nepal has made significant progress in the field of air safety.
Nepse drops marginally by 0.36 points on Wednesday, daily turnover falls to Rs 1.40 billion
Published On: August 17, 2022 04:49 PM NPT By: Republica
KATHMANDU, August 17: Nepal Stock Exchange (Nepse) on Wednesday dropped marginally by 0.36 points to close at 2,040.70 points.
NOC is still at a Rs 50 billion loss. Who is then making the profit from higher prices of petroleum products?
Published On: August 17, 2022 03:53 PM NPT By: Republica
KATHMANDU, August 17: Throughout the last fiscal year, the consumers were forced to buy fuel by paying much higher prices. Nepal Oil Corporation (NOC), which has a monopoly in the petroleum business in Nepal, should have made profit by selling petroleum products at higher prices. But this is not the case. The accumulated loss of the NOC has reached Rs 50 billion by the end of the last fiscal year 2021/22
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