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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.
Import of electric vehicles increased by 600 percent last year
Published On: August 12, 2022 01:49 PM NPT By: Himal Lamsal
KATHMANDU, August 12: The import of electric vehicles increased by more than 600 percent after the government reduced the excise duty and customs duty on electric vehicles in the last fiscal year - 2021/22. In the FY 2020/21, after the former Finance Minister Yuba Raj Khatiwada imposed excessive tax on electric vehicles, the import of electric vehicles had decreased.
China closes both main border crossings with Nepal
Published On: August 12, 2022 01:03 PM NPT By: Dilip Paudel
The Nepali market is dominated by Chinese goods. Businessmen estimate that Chinese goods may become more expensive in the Nepali market after various materials including clothes brought in for the festival are stopped at the border crossings.
Industry Ministry and FNCCI agree to join hands for economic transformation
Published On: August 12, 2022 10:47 AM NPT By: Republica
KATHMANDU, August 12: The Ministry of Industry, Commerce and Supply and the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has signed a memorandum of understanding on Thursday at Radisson Hotel. The MoU was signed between two parties with the aim of implementing a public-private partnership campaign for economic transformation.
IBN approved projects worth over Rs 122 billion in last FY
Published On: August 12, 2022 07:45 AM NPT By: Republica
KATHMANDU, August 12: The Investment Board Nepal (IBN) approved projects with a total investment of over Rs 122 billion in the last fiscal year.
Liquidity crisis in cooperatives: NCF urges cooperatives to stop distributing cash dividends for now
Published On: August 12, 2022 07:15 AM NPT By: Republica
KATHMANDU, August 12: The National Cooperative Federation of Nepal (NCF) has urged its member cooperatives not to distribute cash dividends to their members, citing the ongoing liquidity shortage in the cooperatives.
KUSOM Job and Internship Fair 2022 to be held on August 22-23
Published On: August 11, 2022 10:06 PM NPT By: Republica
KATHMANDU, August 11: An annual Flagship Event - KUSOM Job and Internship Fair (KJIF) - is being organized by the Placement Cell of Kathmandu University School of Management (KUSOM).
IFC puts $45 million investment to boost its goal to reach over 30,000 SMEs in Nepal
Published On: August 11, 2022 08:23 PM NPT By: Republica
KATHMANDU, August 11: Small businesses and people in Nepal will have better access to financing, with IFC’s broader strategy for small and medium enterprises (SMEs) aiming to reach over 30,000 SMEs by 2023 while helping to improve inclusiveness, competitiveness, and sustainability of the financial sector in the country.
‘Controversial bureaucrat’ Pushkar proposed as Finance Secretary
Published On: August 11, 2022 08:22 PM NPT By: Republica
KATHMANDU, August 11: The government has proposed Krishna Hari Pushkar, a controversial figure of the CCTV footage scam, as the Secretary of the Ministry of Finance (MoF).
IB issues reinsurance broking licenses to 10 firms
Published On: August 11, 2022 06:59 PM NPT By: Republica
KATHMANDU, August 11: The Insurance Board (IB) has provided 10 companies with licenses to conduct reinsurance brokerage.
Govt could not make required investment in agriculture: Minister Yadav
Published On: August 11, 2022 06:00 PM NPT By: Republica
KATHMANDU, August 11: Agriculture and Livestock Development Minister Mrigendra Kumar Singh Yadav has said that the government has not made the required investment in agriculture.
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