Dilip Poudel

The contributor for Republica.
news@myrepublica.com

Four mobile food testing vans worth Rs 240 million left to rot on govt office premises

Published On: September 25, 2022 07:00 PM NPT By: Dilip Poudel

KATHMANDU, Sept 25: Four mobile food testing vans which the government brought for 240 million rupees four years ago have been recklessly left to rot on the premises of a government office. The government had bought four mobile vans worth Rs 60 million each . Each of these vans is equipped with laboratories to test the quality of food products after the increase in the supply of substandard food items in recent times, affecting human health in the market.

Finance ministry’s negligence makes sugar expensive in festive season

Published On: September 22, 2022 02:45 PM NPT By: Dilip Poudel

KATHMANDU, Sept 22: Even though the government has set up fair price shops to give some respite to the consumers from the rising prices during the festival, consumers have to buy sugar at a high price this year during Dashain. Although the government has been selling sugar at concessional rates every year during the festival, there are signs that sugar will become more expensive this year.

China to reopen its border crossings with Nepal to facilitate trade

Published On: September 15, 2022 12:45 PM NPT By: Dilip Poudel

KATHMANDU, September 15: China, which had unilaterally closed the border crossing under the pretext of COVID, is going to allow cargo containers stopped in transit to come to Nepal. China has closed the Tatopani and Rasuwagadhi crossings - two major trade points between the two countries - since last month.

500 cargo containers stopped in China, Nepali traders in trouble

Published On: September 5, 2022 04:45 PM NPT By: Dilip Poudel

KATHMANDU, Sept 5: After China unilaterally closed two major trade points between the two countries citing the cause of COVID-19, about 500 containers that were headed for Nepal have been stopped on the Chinese side of the border. The Himalayan Cross-Border Chamber of Commerce said that when the Chinese side closed the Rasuwagadhi and Tatopani border crossings without giving prior information, the cargo containers that were coming to Nepal were stuck on their way in China.

Nepal preparing for G2G agreement to build petroleum pipelines

Published On: September 1, 2022 05:11 PM NPT By: Dilip Poudel

KATHMANDU, Sept 1: After constructing the Motihari-Amlekhgunj Petroleum Pipeline, while diesel is being imported from India through the pipeline, the government has prepared to enter into a G2G (Government-to-Government) agreement with India to construct two more petroleum pipeline projects.

Tiger Palace Resort courts controversy once again

Published On: August 15, 2022 06:30 PM NPT By: Dilip Poudel

KATHMANDU, AUGUST 15: Tiger Palace Resort which has been accused of encroaching upon government land has once again courted a controversy. Silver Heritage Group has invested in the hotel.

China closes both main border crossings with Nepal

Published On: August 12, 2022 01:03 PM NPT By: Dilip Poudel

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.

Finance Minister Sharma does not listen to the Prime Minister!

Published On: August 10, 2022 07:55 PM NPT By: Dilip Poudel

KATHMANDU, August 10: Prime Minister Sher Bahadur Deuba called the ministers in his Cabinet and instructed them to reduce various taxes being levied on petroleum products after the price of petroleum products reached its highest in the last weeks of June.

Liquidity crisis in cooperatives: Only 5 percent can be withdrawn at a time

Published On: August 8, 2022 08:30 PM NPT By: Dilip Poudel

KATHMANDU, August 8: Due to the current liquidity crisis in the country’s financial sector, the member-savers of cooperatives will be able to withdraw only 5 percent of their deposits at a time. The umbrella organizations of the cooperatives have made such a call saying that when all the members demand the return of the savings kept in the cooperatives, there will be an imbalance in the payment process.

NOC to build fuel storage tank of 8.7 million liters at Amlekhgunj

Published On: August 7, 2022 01:42 PM NPT By: Dilip Poudel

KATHMANDU, August 7: Nepal Oil Corporation (NOC) is going to build a fuel storage tank of 8.7 million liters (8,700 kiloliters) in Amlekhgunj. The corporation is going to build infrastructure including fuel storage with an investment of around Rs 3.15 billion.

Rent increases up to 687 percent in industrial areas

Published On: August 5, 2022 01:15 PM NPT By: Dilip Poudel

KATHMANDU, August 5: Although the government has been saying that by putting efforts into creating an appropriate environment, it has prioritized encouraging domestic and foreign investment into the country, the reality is quite the opposite. Documents such as the constitution, plans and policies of the government, and budget, emphasize supporting the private sector. In addition to this, the government has always stressed that development in the country is/will be possible only through collaboration with the private sector.

Indications that cement could cover current trade deficit

Published On: July 13, 2022 12:05 PM NPT By: Dilip Poudel

KATHMANDU, July 13: Cement export to India has started after the government took a policy to encourage exports. Palpa Cement, located at Sunuwal-7 in Nawalparasi, exported cement to India last week.

80, 000 metric tons of fertilizers to be imported from India

Published On: June 8, 2022 06:25 PM NPT By: Dilip Poudel

KATHMANDU, June 8: The government of Nepal is preparing to bring 80,000 metric tons of fertilizer from India. The government, which has extended a G2G agreement with India, mentions that it has begun the process of importing 80,000 metric tons of fertilizer into the country by mid-July.

Govt aiming to run closed PEs without concrete plans

Published On: June 1, 2022 03:58 PM NPT By: Dilip Poudel

KATHMANDU, June 1: The Government of Nepal has announced plans to reoperate the public enterprises (PEs) which remain shut for an extended period of time without doing any homework. While most of the government-owned industries are at a loss, Finance Minister Janardan Sharma announced plans to resume the operation of nine closed industries while presenting the budget for the Fiscal Year 2022/23.

Old Age Allowance: Govt preparing to lower minimum eligible age to 65 yrs

Published On: May 24, 2022 03:14 PM NPT By: Dilip Poudel

KATHMANDU, May 24: The government is set to reduce the eligible age to receive an old-age allowance to 65 years from the existing 70 years at a time when the state treasury is feeling the heat of inadequate collection of government revenue.

US agrees to provide additional Rs 80 billion grant in five years to Nepal

Published On: April 16, 2022 08:16 AM NPT By: Dilip Poudel

KATHMANDU, April 16: The United States of America, who had agreed to provide about 60 billion in grants through the US aid project Millennium Challenge Corporation (MCC), is set to provide an additional 80 billion grant to Nepal.

Nepal to purchase 1 million metric tons of chemical fertilizers from India

Published On: March 1, 2022 06:30 PM NPT By: Dilip Poudel

KATHMANDU, March 1: To prevent the shortage of chemical fertilizers, the government has decided to purchase chemical fertilizers from India. The government has paved the way for importing manure by signing a G to G (Government of Nepal and Government of India) deal as it would be too late to provide fertilizers to the farmers through a global tender.

Govt preparing to spend additional Rs 240 million to decorate new ministers’ quarters

Published On: January 23, 2022 11:55 AM NPT By: Dilip Poudel

KATHMANDU, Jan 23:  The general public has not been vaccinated against COVID-19. The number of deaths due to the lack of treatment is also significant. The construction of development infrastructure including roads and irrigation has not gained momentum. But the government is preparing to spend around Rs 240 million on the decoration of the ministers’ quarters alone. The political leadership was criticized for starting new construction while the country already had ministerial quarters. Amid criticism from the general public, the government is constructing 27 minister quarters in Bhaisepati of Lalitpur at a cost of Rs 1.3 billion.

China's non-cooperation in trade: Barely 20 trucks passing through the border compared to 200 in the past

Published On: January 13, 2022 01:30 PM NPT By: Dilip Poudel

KATHMANDU, Jan 13: Traders and locals have demanded that the two transit points with China be made operational as the operation has not been smooth for a long time.

Foreign investment up in current FY: Rs 30 billion FDI approved

Published On: December 9, 2021 01:16 PM NPT By: Dilip Poudel

KATHMANDU, Dec 9: Foreign Direct Investment (FDI) inflows have increased this year after the transmission of COVID-19 declined. According to the Department of Industry (DoI), foreigners have taken permission to invest around Rs 30 billion in Nepal in the first four and a half months of the current fiscal year.