Dilip Paudel

The contributor for Republica.
news@myrepublica.com

‘Ncell's enterprise value is Rs 53.20 billion’

Published On: December 7, 2023 04:10 PM NPT By: Dilip Paudel

KATHMANDU, Dec 7: Various concerns have arisen surrounding the transparency of Ncell's share purchase and sale transactions, a private telecommunications company with foreign investment in Nepal. Ncell has asserted that the enterprise value of the 80 percent of shares sold by Axiata to Spectralite UK amounts to approximately 400 million US dollars or Rs 53.20 billion.

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Carpets worth Rs 4 billion exported in four months of current FY

Published On: November 24, 2023 09:00 PM NPT By: Dilip Paudel

KATHMANDU, Nov 24: Despite relying on imports for various goods, Nepal has achieved self-sufficiency in the carpet industry. In the first four months of the current fiscal year (FY) 2023/24, the country exported carpets and floor coverings worth around Rs 4 billion.

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Contraction in Nepal's foreign trade, imports decreased by Rs 20 billion

Published On: November 23, 2023 06:00 PM NPT By: Dilip Paudel

KATHMANDU, Nov 23: Despite being an import-based economy, Nepal's foreign trade has contracted. Imports have declined in the month of Kartik (mid-October to mid-November), despite an expected increase in consumption during the festivals of Dashain, Tihar, Chhath, and others.

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NOC maintains petrol, diesel prices citing gas deficit as reason for non-adjustment

Published On: November 21, 2023 01:30 PM NPT By: Dilip Paudel

KATHMANDU, Nov 21: Even though the price of diesel has decreased by the Indian Oil Corporation (IOC), Nepal Oil Corporation (NOC) has not lowered its price. Despite a reduction of Rs 7 per liter for diesel and 80 paisa for petrol, NOC has justified its decision, citing a loss of Rs 280 per LPG cylinder.

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TikTok expresses dissatisfaction after ban in Nepal

Published On: November 17, 2023 12:00 PM NPT By: Dilip Paudel

KATHMANDU, Nov 17: The managing company of TikTok, has written a seven-point letter to Nepal expressing its displeasure over the government's ban on TikTok in Nepal.

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Nepal exports ginger worth Rs 1.25 billion

Published On: October 16, 2023 07:30 PM NPT By: Dilip Paudel

KATHMANDU, Oct 16: Nepal heavily relies on agricultural products, many of which are imported to meet domestic demand.

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Victims of Oriental Cooperative await justice: Only Rs 30 million out of Rs 17 billion is ready to be paid

Published On: September 4, 2023 07:00 PM NPT By: Dilip Paudel

KATHMANDU, Sept 4: Even after a decade, the victims of Oriental Cooperative, which is headed by Sudhir Basnet, have not received justice. Although a commission has prepared a report that about Rs 17 billion should be returned to the victims of the cooperative and housing, the victims remain frustrated as they have not received the promised funds.

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NTB's Officiating Director Gautam under scrutiny for fake document

Published On: September 1, 2023 04:00 PM NPT By: Dilip Paudel

KATHMANDU, Sep 1: It has been revealed that Laxman Gautam, currently serving as the Officiating Director of the Nepal Tourism Board (NTB), has submitted a fake document during his recruitment.

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When will Kathmandu travel on monorail?

Published On: August 24, 2023 07:30 PM NPT By: Dilip Paudel

KATHMANDU, Aug 24: Escalating traffic congestion and chaos have made traveling a challenging endeavor, with both public and private vehicles frequently ensnared in gridlocks. To address this issue, political parties have presented the vision of introducing monorail and metro rail systems in the Kathmandu Valley. Nearly two decades have passed since railway plans were set in motion. Following the political transformation of 2006, political parties began weaving promises of rail-based solutions into their electoral agendas.

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Nepal faces trade deficit with 133 countries

Published On: August 3, 2023 06:00 PM NPT By: Dilip Paudel

KATHMANDU, Aug 3: Despite the government's efforts to increase domestic production and reduce the trade deficit, Nepal continues to experience trade imbalances with more than 133 countries. In the fiscal year 2022/23, Nepal engaged in trade with over 171 countries, but only managed to achieve a trade surplus with 38 of them.

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Govt acquires loan to repay existing debt

Published On: July 11, 2023 06:48 PM NPT By: Dilip Paudel

KATHMANDU, July 11: When a country's revenue collection falls short, the government is compelled to resort to borrowing in order to meet its loan obligations, including payment of both principal and interest.

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Instances of financial irregularities go unabated in Pashupati property

Published On: July 9, 2023 07:20 PM NPT By: Dilip Paudel

KATHMANDU, July 9: The occurrences of financial irregularities at the Pashupatinath Temple, a Hindu heritage site, are continuously on the rise. Minister for Culture, Tourism, and Civil Aviation, Sudan Kirati, has allocated work worth around Rs 10.5 million without calling for a competitive bid in order to benefit his cadres before the issue of validating the encroachment of 31 acres of land belonging to the Pashupati Area Development Trust (PADT) could settled.

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Govt brings changes in agricultural subsidy model

Published On: June 1, 2023 12:30 PM NPT By: Dilip Paudel

KATHMANDU, June 1: The government has announced that it will change the model of agricultural subsidies keeping in view of complaints about the misuse of subsidies given in the agricultural sector.

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Petroleum pipeline to be built with an investment of INR 17 billion

Published On: May 26, 2023 11:45 AM NPT By: Dilip Paudel

KATHMANDU, May 26: India is said to spend more than INR 17 billion to build two petroleum pipeline projects and a storage facility. The construction of a petroleum pipeline from Siliguri in India to Jhapa and from Amlekhganj in Bara to Lothar in Chitwan to supply petroleum products to Nepal, will help to build a greenfield terminal (storage site) in Jhapa.

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Nepal imports agricultural products worth Rs 250 billion in 10 months

Published On: May 24, 2023 07:30 PM NPT By: Dilip Paudel

KATHMANDU, May 24: The country's trade deficit in the first 10 months of th4e current fiscal year stands at Rs 1.2 trillion.

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No Rest For The Weary: Thamel’s tourists plagued by sleepless nights due to noisy discos and clubs

Published On: May 2, 2023 09:30 AM NPT By: Dilip Paudel

KATHMANDU, May 2: Ramesh Poudel from Pokhara, who was staying in a hotel near Full Moon Club in Thamel, could not sleep all night due to the noise from the club.

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Nepali honey displaced as import from India sees a sharp increase

Published On: April 2, 2023 09:30 AM NPT By: Dilip Paudel

KATHMANDU, April 2: Hemraj Devkota, owner of Swadeshi Honey and Bee Trade Center in Sarlahi, is worried due to the lack of honey sales. Six and a half tons of honey produced by Devkota at his bee farm has not been sold.

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Where has the money gone?

Published On: March 22, 2023 02:00 PM NPT By: Dilip Paudel

KATHMANDU, March 22: Dhananjay Maharjan, who has been operating a clothes store in Kathmandu's New Road for a long time, used to have a daily business of Rs 100,000 to Rs 150,000 in the past years. He was earning a good income from his clothing store. However, at present his shop barely has a business of Rs 40,000 to Rs 50,000. “There is no money in the market. Customers have also stopped coming to the store," said Maharjan. When asked about the business, he said, "We should ask Nepal Rastra Bank, where has the money gone? Neither the customers come nor is the borrowed amount recovered.” According to Maharjan, the customers have not come because there is no money in the market and the due amount has not been raised as well.

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Nepal has public debt of over Rs 2 trillion

Published On: March 8, 2023 10:00 AM NPT By: Dilip Paudel

KATHMANDU, March 8: The country's public debt is increasing every year. By mid-February of the current fiscal year (FY 2022/23), the debt liability of the government has reached about Rs 2 trillion. Experts have said that the country's economy has become more challenging due to the increasing debt obligations.

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Nepal has public debt of over Rs 2 trillion

Published On: March 7, 2023 06:15 PM NPT By: Dilip Paudel

KATHMANDU, March 7 :The country's public debt is increasing every year. By mid-February of the current fiscal year (FY 2022/23), the debt liability of the government has reached about Rs 2 trillion. Experts have said that the country's economy has become more challenging due to the increasing debt obligations.

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