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.
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.
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'.
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.
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.
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.
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.
Published On: July 20, 2021 11:03 AM NPT By: Dilip Paudel
KATHMANDU, July 20: Attempts by the Nepal Electricity Authority (NEA) to resolve the tariff dispute over the use of dedicated and trunk lines have failed this time as well. Although the NEA has announced an installment plan to pay the arrears to resolve the long-standing tariff dispute between some industrialists and NEA, only two industries have applied for that. The deadline to apply was mid-July.
Published On: July 11, 2021 11:21 AM NPT By: Dilip Paudel
KATHMANDU, July 11: The Nepal Oil Corporation (NOC) has saved around Rs 4 billion after bringing the Motihari-Amlekhgunj Petroleum Pipeline into operation.
Published On: June 27, 2021 02:15 PM NPT By: Dilip Paudel
KATHMANDU, June 27: Prime Minister KP Sharma Oli has been publicly saying, "I do not commit corruption, I do not even look at the face of the corrupt." But during the Oli-led government’s tenure, one after another irregularities have been made public. A recent example is the Himalayan Reinsurance Company.
Published On: May 7, 2021 09:13 AM NPT By: Dilip Paudel
Industrialists say if the government provides cylinders, they will supply sufficient oxygen.
Published On: March 14, 2021 12:14 PM NPT By: Dilip Paudel
KATHMANDU, Mar 14: Due to the lockdown, loss of jobs and the ongoing pandemic, the saving capacity of Nepalis has decreased.
Published On: January 8, 2021 12:16 PM NPT By: Dilip Paudel
KATHMANDU, Jan 8: The Nepal Oil Corporation (NOC) has imported 100 million liters (100,000 kiloliters) diesel in a single month. After the operation of Motihari-Amlekhgunj oil pipeline, the corporation imported 100 million liters of diesel from Indian Oil Corporation (IOC) in December alone.
Published On: January 4, 2021 02:10 PM NPT By: Dilip Paudel
KATHMANDU, Jan 4: Nepal Oil Corporation (NOC) is preparing to distribute a bonus amount of around Rs 60 million to its employees. The corporation has stated that it has started allocating a bonus amount of Rs 58.5 million for the last two fiscal years even though it has been allocating the amount for years. As per the provision in the Bonus Act, 2074 (Fifth Amendment), one percent of the corporation’s net profit is going to be distributed as bonus.
Published On: December 28, 2020 01:20 PM NPT By: Dilip Paudel
KATHMANDU, Dec 28: Paddy production in the country has increased by 70,000 metric tons due to favorable weather and timely plantation this year. Although the government was unable to provide the required chemical fertilizer at the time of paddy plantation, the production has increased, compared to the previous years.
Published On: December 28, 2020 11:44 AM NPT By: Dilip Paudel
KATHMANDU, Dec 28: State-owned Nepal Oil Corporation (NOC) has earned a profit of 12.87 billion rupees in the FY 2019/20, compared to a profit of 8.75 billion rupees in the FY 2018/19.
Published On: December 18, 2020 10:39 AM NPT By: Dilip Paudel
KATHMANDU, Dec 18: The government has signed an agreement with Bangladesh to purchase 50,000 metric tons of urea fertilizer. An agreement between the government companies of the two countries was signed on Thursday at the initiative of the Ministry of Agriculture and Livestock Development (MoALD).
Published On: December 6, 2020 12:42 PM NPT By: Dilip Paudel
KATHMANDU, Dec 6: A government study has shown that the pandemic has caused about Rs 12 billion losses in agriculture and livestock sector. Although the impact on the agriculture sector is relatively low, a study conducted by the National Planning Commission (NPC) found that COVID-19 has seriously impacted the agriculture and livestock sector.
Published On: December 2, 2020 02:24 PM NPT By: Dilip Paudel
A pesticide residue standard in fruits and vegetables prepared by the Department of Food Technology and Quality Control (DFTQC) is currently under consideration in the cabinet for approval.
Published On: October 7, 2020 12:20 PM NPT By: Dilip Paudel
KATHMANDU, Oct 7: The price of vegetables has skyrocketed with as much as 300 percent in a month.