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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.
Rs 18 billion spent on import of furniture and wood; exports account for Rs 710 million only
Published On: August 4, 2022 04:00 PM NPT By: Himal Lamsal
KATHMANDU, August 4: Following the government’s decision to restrict the selling of wood products produced from forests, the import of furniture and wood has skyrocketed in the country. While there is a shortage of dollar reserves in the country, about Rs 18 billion went out of the country in the fiscal year 2021/22 alone due to the increase in the import of wood, furniture, and furnishing materials. On the other hand, wood materials produced from the forests of Nepal are decaying.
‘Suspicious’ man arrested from NAC’s Mumbai-bound flight on Wednesday is not a terrorist: Police
Published On: August 4, 2022 02:09 PM NPT By: Arun Bam
KATHMANDU, August 4: The national flag-carrier Nepal Airlines Corporations’ narrow body aircraft RA-320 was scheduled to fly to Mumbai, India on Wednesday. The crew members had already prepared for the flight as per the scheduled take-off at 1:10 PM.
Gold price rises
Published On: August 4, 2022 01:05 PM NPT By: Republica
KATHMANDU, August 4: According to the Federation of Nepal Gold and Silver Dealers Association, the price of gold increased by Rs 800 per tola in the Nepali market on Thursday.
Shree Airlines plane returns to Nepalgunj after smoke comes from engine
Published On: August 4, 2022 11:40 AM NPT By: Arjun Oli
NEPALGUNJ, August 4: A Shree Airlines plane that had flown for Kathmandu has returned to Nepalgunj after smoke billowed from the engine. The aircraft with the call sign 9N-ANF-432 made an emergency landing after smoke started to appear inside the plane.
Works to lay underground power transmission line to gain momentum in Birgunj
Published On: August 4, 2022 11:35 AM NPT By: Republica
BIRGUNJ, August 4: Installation of a 33 kV underground power transmission line from Parsa National Park to Gadhimai via Piluwa of Bara is to gain momentum. It has long been stalled.
Patan High Court refuses to issue interim order to halt auction of Fulbari Resort & Spa
Published On: August 3, 2022 08:15 PM NPT By: Republica
KATHMANDU, August 3: The Patan High Court has paved the way for the bank concerned to take the property of Fulbari Resort & Spa into auction.
NOC which hasn’t lowered petroleum prices despite a fall in fuel prices in int’l market, claims it still faces heavy losses
Published On: August 3, 2022 07:35 PM NPT By: Republica
As per the new fuel price lists received from the IOC in the past two weeks, petrol should have become cheaper by over Rs 32 and diesel by over Rs 29 per liter but the NOC has ignored the auto pricing system.
Chinese court rules in favor of Himalayan Bank and BoK. The two Nepali banks will receive about Rs 1.5 billion from Chinese bank
Published On: August 3, 2022 07:05 PM NPT By: Himal Lamsal
KATHMANDU, August 3: A Chinese high court has ruled in favor of two Nepali banks, following hearings on a case between a Chinese company contracted for the construction of the Melamchi Water Supply Project (MWSP) and the two Nepali banks.
NRB removes a number of restrictions on distribution of cash dividends by BFIs to their shareholders
Published On: August 3, 2022 06:30 PM NPT By: Republica
KATHMANDU, August 3: Nepal Rastra Bank (NRB) has removed the ceiling on the cash dividends that the banks and financial institutions (BFIs) provide to their shareholders.
Nepse loses 6.72 points, turnover amount rises to Rs 4.02 billion on Wednesday
Published On: August 3, 2022 04:12 PM NPT By: Republica
KATHMANDU, August 3: Nepal Stock Exchange (Nepse) on Wednesday fell marginally by 6.72 points while the daily turnover amount crossed Rs 4 billion.
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