Dilip Paudel

The contributor for Republica.
news@myrepublica.com

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Tiger Palace Resort courts controversy once again

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

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.

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China closes both main border crossings with Nepal

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

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.

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Finance Minister Sharma does not listen to the Prime Minister!

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

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.

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Liquidity crisis in cooperatives: Only 5 percent can be withdrawn at a time

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

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.

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

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

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.

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Rent increases up to 687 percent in industrial areas

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

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.

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