Dilip Paudel

The contributor for Republica.
news@myrepublica.com

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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.

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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.

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UML objects to the provision that does not require disclosing investment source

Published On: September 29, 2021 10:51 AM NPT By: Dilip Paudel

KATHMANDU, Sept 29: The main opposition party, the CPN-UML, has raised serious objections over the government’s decision to allow investment in areas other than the liquor and tobacco industries without disclosing source of income. The party alleged that the government had tried to legalize black money as it amended the Income Tax Act, 2002 and made it impossible to find an income source of investment in some areas.

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

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

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'.

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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 Paudel

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

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NOC contributes Rs 97 billion to govt’s revenue

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

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.

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

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

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.

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8 percent of food items in market unfit for consumption

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

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.

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