Dilip Paudel

The contributor for Republica.
news@myrepublica.com

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.

Read More

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.

Read More

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.

Read More

Liquidity crisis in cooperatives: Only 5 percent can be withdrawn at a time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

Read More

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.

Read More

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.

Read More

Indications that cement could cover current trade deficit

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

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.

Read More

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

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

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.

Read More

Govt aiming to run closed PEs without concrete plans

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

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.

Read More

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

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

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.

Read More

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 Paudel

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.

Read More

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

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

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.

Read More

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

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

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.

Read More

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 Paudel

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.

Read More

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

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

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.

Read More

Coffee production falls, coffee worth Rs 100 million imported

Published On: November 18, 2021 02:30 PM NPT By: Dilip Paudel

KATHMANDU, Nov 18: Despite the abundant potential for coffee cultivation in Nepal, production of this valuable seed has not increased. Although there is a high demand for this product in Nepal, the cultivation of coffee has not flourished much.

Read More

Trade deficit crosses Rs 400 billion in three months of current FY

Published On: November 14, 2021 01:25 PM NPT By: Dilip Paudel

KATHMANDU, Nov 14: Imports have skyrocketed amid declining remittance inflows to the country and declining dollar reserves. Compared to last year, imports have increased by 63.73 percent in the first three months of the current Fiscal Year. Trade deficit has increased by 58 percent to Rs 413 billion.

Read More

NOC’s Biratnagar depot to add 1.4 million liters of diesel storage

Published On: October 28, 2021 02:05 PM NPT By: Dilip Paudel

KATHMANDU, Oct 28: The Nepal Oil Corporation (NOC) has decided to convert the kerosene storage tanks at its Biratnagar Depot into diesel storage tanks as the diesel storage capacity has been reduced. As the consumption of kerosene is declining, the corporation has started the work of converting kerosene tanks with a capacity of 1.4 million liters (1400 kiloliters) into diesel tanks

Read More

Pesticide testing of fruits and vegetables started at seven border points

Published On: October 27, 2021 12:09 PM NPT By: Dilip Paudel

KATHMANDU, Oct 27: The Department of Food Technology and Quality Control (DFTQC) has started testing residues of pesticides at seven border points to ensure whether the vegetables and fruits imported from India are edible or not.

Read More

Industry Minister Hamal announces to resign from his post

Published On: October 10, 2021 09:36 AM NPT By: Dilip Paudel

KATHMANDU, Oct 10: Newly-appointed Minister for Industry, Commerce and Supplies Gajendra Bahadur Hamal, who has been accused of becoming a minister from the quota of Chief Justice Cholendra Shamsher JB Rana, has said that he will submit his resignation to Prime Minister Sher Bahadur Deuba today.

Read More

Just In