Dilip Poudel

The contributor for Republica.
news@myrepublica.com

Controversial amendment to Income Tax Act: Manipulation to legalize illegal property

Published On: September 19, 2021 05:36 PM NPT By: Dilip Poudel

KATHMANDU, Sept 19: The government, which is being criticized for its controversial decision to provide tax waivers to certain businesses, has made another controversial decision to amend the Income Tax Act so as not to seek the income source for investment. With the aim of legalizing the money earned illegally by high political leaders, businessmen and corrupt employees, the Income Tax Act is being amended by inserting the provision that 'the source of income will not be sought for investment'.

NOC to spend Rs 6 billion in infrastructure development including fuel storage facility, pipeline and depots upgradation

Published On: August 30, 2021 05:30 PM NPT By: Dilip Poudel

KATHMANDU, August 30: The Nepal Oil Corporation (NOC) will spend around Rs 6 billion on infrastructure development.

NOC contributes Rs 97 billion to govt’s revenue

Published On: August 24, 2021 01:36 PM NPT By: Dilip Poudel

KATHMANDU, August 24: Nepal Oil Corporation (NOC) has contributed Rs 97 billion in revenue to the government. While buying fuel from the Indian Oil Corporation (IOC) and selling it in the domestic market, the NOC provided revenue to the government under various headings.

Govt preparing to impose five-year imprisonment for selling substandard food items

Published On: August 18, 2021 03:55 PM NPT By: Dilip Poudel

KATHMANDU, August 18: The government is preparing to impose a maximum of five years of imprisonment and a fine of up to Rs 500,000 on anyone producing and selling substandard food items. Laws are being enacted to prevent the production, processing, import, export, storage, transportation or sale of contaminated food.

8 percent of food items in market unfit for consumption

Published On: August 4, 2021 01:18 PM NPT By: Dilip Poudel

KATHMANDU, August 4: Eight percent of the daily necessities sold and distributed in the market have been found unfit for human consumption. This was found through tests conducted by the Department of Food Technology and Quality Control (DFTQC) by collecting samples of food items being sold in the market.

Dedicated and trunk line tariff dispute remains unresolved

Published On: July 20, 2021 11:03 AM NPT By: Dilip Poudel

KATHMANDU, July 20: Attempts by the Nepal Electricity Authority (NEA) to resolve the tariff dispute over the use of dedicated and trunk lines have failed this time as well. Although the NEA has announced an installment plan to pay the arrears to resolve the long-standing tariff dispute between some industrialists and NEA, only two industries have applied for that. The deadline to apply was mid-July.

Import of diesel through pipeline helps NOC to save Rs 4 billion in transportation cost

Published On: July 11, 2021 11:21 AM NPT By: Dilip Poudel

KATHMANDU, July 11: The Nepal Oil Corporation (NOC) has saved around Rs 4 billion after bringing the Motihari-Amlekhgunj Petroleum Pipeline into operation.

Himalayan Reinsurance Company: Rs 1 billion ‘deal’ for operating license

Published On: June 27, 2021 02:15 PM NPT By: Dilip Poudel

KATHMANDU, June 27: Prime Minister KP Sharma Oli has been publicly saying, "I do not commit corruption, I do not even look at the face of the corrupt." But during the Oli-led government’s tenure, one after another irregularities have been made public. A recent example is the Himalayan Reinsurance Company.

Oxygen cylinder shortage worsens, hospitals gasp for air

Published On: May 7, 2021 09:13 AM NPT By: Dilip Poudel

Industrialists say if the government provides cylinders, they will supply sufficient oxygen.

Nepalis’ saving capacity declines: On average, Nepalis spend 91.1 percent of their income

Published On: March 14, 2021 12:14 PM NPT By: Dilip Poudel

KATHMANDU, Mar 14: Due to the lockdown, loss of jobs and the ongoing pandemic, the saving capacity of Nepalis has decreased.

Importing oil through pipeline saves over billion rupees for NOC

Published On: January 8, 2021 12:16 PM NPT By: Dilip Poudel

KATHMANDU, Jan 8: The Nepal Oil Corporation (NOC) has imported 100 million liters (100,000 kiloliters) diesel in a single month. After the operation of Motihari-Amlekhgunj oil pipeline, the corporation imported 100 million liters of diesel from Indian Oil Corporation (IOC) in December alone.

NOC to distribute Rs 58 million as bonus to its employees

Published On: January 4, 2021 02:10 PM NPT By: Dilip Poudel

KATHMANDU, Jan 4: Nepal Oil Corporation (NOC) is preparing to distribute a bonus amount of around Rs 60 million to its employees. The corporation has stated that it has started allocating a bonus amount of Rs 58.5 million for the last two fiscal years even though it has been allocating the amount for years. As per the provision in the Bonus Act, 2074 (Fifth Amendment), one percent of the corporation’s net profit is going to be distributed as bonus.

Paddy production increases by 70,000 metric tons

Published On: December 28, 2020 01:20 PM NPT By: Dilip Poudel

KATHMANDU, Dec 28: Paddy production in the country has increased by 70,000 metric tons due to favorable weather and timely plantation this year. Although the government was unable to provide the required chemical fertilizer at the time of paddy plantation, the production has increased, compared to the previous years.

NOC’s profit increases by 4 billion rupees despite the pandemic

Published On: December 28, 2020 11:44 AM NPT By: Dilip Poudel

KATHMANDU, Dec 28: State-owned Nepal Oil Corporation (NOC) has earned a profit of 12.87 billion rupees in the FY 2019/20, compared to a profit of 8.75 billion rupees in the FY 2018/19.

Nepal signs agreement to purchase 50,000 tons of urea fertilizer from Bangladesh

Published On: December 18, 2020 10:39 AM NPT By: Dilip Poudel

KATHMANDU, Dec 18: The government has signed an agreement with Bangladesh to purchase 50,000 metric tons of urea fertilizer. An agreement between the government companies of the two countries was signed on Thursday at the initiative of the Ministry of Agriculture and Livestock Development (MoALD).

Nepal’s agriculture lost more than 12 billion rupees during pandemic

Published On: December 6, 2020 12:42 PM NPT By: Dilip Poudel

KATHMANDU, Dec 6: A government study has shown that the pandemic has caused about Rs 12 billion losses in agriculture and livestock sector. Although the impact on the agriculture sector is relatively low, a study conducted by the National Planning Commission (NPC) found that COVID-19 has seriously impacted the agriculture and livestock sector.

Govt gears up preparation to resume pesticide residue standard tests in fruits and vegetables

Published On: December 2, 2020 02:24 PM NPT By: Dilip Poudel

A pesticide residue standard in fruits and vegetables prepared by the Department of Food Technology and Quality Control (DFTQC) is currently under consideration in the cabinet for approval.

Vegetable price skyrockets, by as much as 300 percent

Published On: October 7, 2020 12:20 PM NPT By: Dilip Poudel

KATHMANDU, Oct 7: The price of vegetables has skyrocketed with as much as 300 percent in a month.

Vishal Group also found manufacturing, supplying substandard steel bars

Published On: October 5, 2020 10:55 AM NPT By: Dilip Poudel

Latest revelations expose the business conglomerate Vishal Group’s business practices that put construction safety, human health at risk

NOC introduces one family one cylinder system to ensure smooth distribution of cooking gas

Published On: March 25, 2020 04:15 PM NPT By: Dilip Poudel

KATHMANDU, March 25: In a bid to ensure smooth distribution of Liquefied Petroleum Gas, the Nepal Oil Corporation has introduced "One family one cylinder" system.