KATHMANDU, July 31:The private sector has attempted at least twice to get the Tax Settlement Commission extended or a new commission formed. The controversial body has drawn huge criticism and also seen court cases involving a record high amount in corruption.
The nomination of the Secretary of the Ministry of Drinking Water and Sanitation, Bhim Prasad Upadhyaya, as board director of the Kathmandu Upatyaka Khanepani Limited (KUKL), has brewed fresh controversy in the water utility.
KATHMANDU, July 24: Mukesh Chaudhary took a break from his work in Kathmandu in June and went his hometown to sit in final examinations of Grade 12. Chaudhary, 21, works at a construction site and earns to help his parents. Chaudhary has already earned skills in construction work which he neither studied nor attended any training.
KATHMANDU, July 24: Completing the Dhalkebar substation to import more power and bringing the Kulekhani III plant into generation are two major tasks planned by Nepal Electricity Authority for continuous energy supply in the coming dry season.
KATHMANDU, July 17: Ruling coalition partner CPN (Maoist Center) has proposed to request Chinese government to build hydropower projects having combined capacity of 5,000 MW in any river basin in Built and Transfer (BT) model.
KATHMANDU, July 15: The government has paid out Rs 46 billion in just three days (Thursday to Saturday), according to spending records at the Financial Comptroller General's Office (FCGO) updated at 6:39 p.m. on Saturday. The eleventh-hour bulk payments raised misgivings about the possibility of irregularity and misappropriation. Interestingly, the daily budgetary status was held up for about an hour and was put up again only at 6:39 p.m.
KATHMANDU, July 5: Acquiring a piece of forest land of 273 hectares at the project site has become a stumbling block for the 900 MW Upper Karnali Hydropower Project.
Providing the forest land to the project is an obligation of the Government of Nepal as per the Project Development Agreement (PDA) signed in 2014.
KATHMANDU, June 20: The Asian Infrastructure Investment Bank (AIIB) has assured Nepal it will finance two mega projects, each costing about Rs 10 billion (US$ 100 million) through soft loans, Finance Minister Gyanendra Bahadur Karki said. The bank will charge 2 percent interest per annum, according to the minister.
KATHMANDU, June 13: Professional bodies of contractors, consultants and engineers have said that the government itself should select contractors for roads projects being financed by utilizing Indian line of credit (LoC).