Dilip Paudel

The contributor for Republica.
news@myrepublica.com

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.

Read More

Legal basis prepared for 10 billion rupees worth NRNA project

Published On: March 6, 2023 10:00 AM NPT By: Dilip Paudel

KATHMANDU, March 6: The government has prepared the legal basis for the 10 billion rupees worth project announced to be established by the Non-Resident Nepali Association (NRNA). To encourage non-resident Nepalis to invest in Nepal, the conditions for establishing an investment company have been amended.

Read More

Same standard of testing pesticides in both domestic and foreign vegetables

Published On: March 2, 2023 10:05 AM NPT By: Dilip Paudel

KATHMANDU, March 2: While being criticized for delaying the implementation of pesticide testing standards for vegetables imported from India, the government has said that the standards for measuring the quality of all imported and indigenous vegetables are the same.

Read More

Subsidy money of Rs 8.5 billion sent to farmers cut short by Ministry of Finance

Published On: February 21, 2023 07:20 PM NPT By: Dilip Paudel

KATHMANDU, Feb 21: The government allocated Rs 8.5 billion to be spent through the provincial and local levels for agricultural self-sufficiency programs to increase production. However, the Ministry of Finance has withheld Rs 8.457 billion of this subsidy amount meant for Nepali farmers while the agricultural products worth millions of rupees are being imported from abroad instead of promoting home-grown products.

Read More

Govt presents bill in parliament that, if passed, will help legalize illegal wealth

Published On: February 16, 2023 04:35 PM NPT By: Dilip Paudel

KATHMANDU, Feb 16: The government has proposed to amend the law so as to legalize unsourced wealth by paying tax. A bill has been presented in parliament to amend some laws related to the 'Prevention of Money Laundering and Promotion of Business Environment' to help legitimize the wealth illegally earned by top politicians, businessmen and corrupt government employees.

Read More

TIA customs office releases telecommunication equipment worth over Rs 1 billion imported by NTA after levying Rs 320 million in taxes

Published On: February 9, 2023 02:30 PM NPT By: Dilip Paudel

KATHMANDU, Feb 9: Telecommunication equipment worth about Rs 1.14 billion that were stopped by the customs office at the Tribhuvan International Airport (TIA), were released after the office levied a revenue of about Rs 320 million.

Read More

Investment of Rs 12 billion rupees pledged in hotels in first half of current FY

Published On: January 31, 2023 01:15 PM NPT By: Dilip Paudel

KATHMANDU, Jan 30: With great expectations of an increase in the number of tourists visiting the country, the private sector has increased investment in the hotel business. According to the Department of Industry (DoI), registrations were done with a commitment to invest around 12 billion rupees in new hotels in the first half of the current fiscal year.

Read More

A wave of mergers in commercial banks in Nepal

Published On: January 10, 2023 02:30 PM NPT By: Dilip Paudel

KATHMANDU, Jan 10: After the Nepal Rastra Bank (NRB) took a 'pressure policy' for the commercial banks to merge, the latter have gone/are going into mergers. Global IME Bank and Bank of Kathmandu merged and integrated business started from Sunday.

Read More

Aviation fuel depot in Pokhara with an investment of Rs 680 million

Published On: January 8, 2023 04:55 PM NPT By: Dilip Paudel

POKHARA, Jan 8: After the start of commercial flights at the Pokhara Regional International Airport (PRIA) in Pokhara, Nepal Oil Corporation (NOC) is going to build an aviation fuel depot at the airport at a cost of around Rs 680 million. The corporation has leased a piece of land at PRIA from the Civil Aviation Authority of Nepal (CAAN) to build the aviation fuel depot.

Read More

Shah arrested on charges of suspicious transactions worth Rs 650 million

Published On: January 8, 2023 09:00 AM NPT By: Dilip Paudel

KATHMANDU, Jan 8: The police have arrested Prithvi Bahadur Shah of Achham for his alleged involvement in suspicious transactions.

Read More

Nepal Bank denies Nepali IT companies from bidding for new software

Published On: January 8, 2023 08:30 AM NPT By: Dilip Paudel

KATHMANDU, Jan 8: Nepal Bank Limited has invited Expression of Interest (EoI) to supply and install a web-based core banking system with conditions that effectively bar Nepali IT companies from participating in the bidding process itself. Domestic IT companies have expressed serious objections to the controversial provisions which they alleged were incorporated in collusion with foreign IT companies.

Read More

First tranche of fertilizer coming through G2G arrangement

Published On: December 19, 2022 12:00 PM NPT By: Dilip Paudel

KATHMANDU, Dec 19: The first tranche of about 30,000 metric tons of chemical fertilizer will arrive in Nepal this week following a government to government agreement signed with India.

Read More

Over 20 businessmen make it to parliament this election

Published On: December 3, 2022 11:15 AM NPT By: Dilip Paudel

KATHMANDU, Dec 3: Now for becoming a parliamentarian, being active in the street movement, suffering jail time, giving up personal interests, but also achieving success in their professional field has become a qualification of politicians. Industrialists and businessmen are getting the opportunity to become MPs as a result of the success they achieved in their businesses.

Read More

State-owned Udayapur Cement Factory in deep financial crisis

Published On: November 8, 2022 01:50 PM NPT By: Dilip Paudel

KATHMANDU, Nov 8: The cement factories run by the private sector in Nepal are profitable. They have even started exporting cement to foreign markets. However, the state-owned Udayapur Cement Factory is sinking deeper and deeper into crisis day by day.

Read More

Govt to invest Rs 10 billion at local, provincial levels to increase agricultural production

Published On: November 7, 2022 04:30 PM NPT By: Dilip Paudel

KATHMANDU, Nov 7: While agricultural products are being imported from abroad, the government has prepared to invest around Rs 10 billion at the local and provincial levels to increase agricultural production. The Ministry of Agriculture and Livestock Development is going to provide nine billion rupees under financial transfer in the first phase for self-sufficiency in agriculture.

Read More

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 Paudel

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.

Read More

Finance ministry’s negligence makes sugar expensive in festive season

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

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.

Read More

China to reopen its border crossings with Nepal to facilitate trade

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

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.

Read More

500 cargo containers stopped in China, Nepali traders in trouble

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

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.

Read More

Nepal preparing for G2G agreement to build petroleum pipelines

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

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.

Read More

Just In