My Republica

Dilip Paudel

The author, award-winning investigative journalist, serves as the Head of the Business Bureau at Nagarik Daily. He covers issues related to business, corruption, government and trade, fiscal and monetary policies.
news@myrepublica.com

Govt fails to meet self-proclaimed targets

Published On: March 2, 2024 10:45 AM NPT By: Dilip Paudel

KATHMANDU, March 2: The government led by Pushpa Kamal Dahal, which promised to deliver good governance, development and prosperity, has fallen short of its self-imposed targets. Despite formulating policies and programs, as well as budgetary goals, the government has struggled to achieve progress.

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NAC’s aircraft purchase process lands in controversy; allegation of commissions of Rs 180 million

Published On: February 26, 2024 08:11 PM NPT By: Dilip Paudel

KATHMANDU, Feb 26: The procurement process initiated by Nepal Airlines Corporation (NAC) for the acquisition of three aircraft, estimated at around Rs 3 billion, has sparked controversy.

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Economic growth goal of 15th five-year plan remains unmet

Published On: February 20, 2024 04:20 PM NPT By: Dilip Paudel

KATHMANDU, Feb 20: Although the government prepared the 15th five-year plan with the aim of achieving high economic growth following the latest political change in the country, the achievements have fallen significantly short of expectations.

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Foreign aid decreases by Rs 77 billion

Published On: February 16, 2024 01:38 PM NPT By: Dilip Paudel

KATHMANDU, Feb 16: As Nepal grapples with resource shortages for development projects, there's been a huge decline in international aid extended to the country by its development partners.

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Govt aims to increase the size of GDP to Rs 8.5 trillion in five years

Published On: February 7, 2024 10:30 AM NPT By: Dilip Paudel

KATHMANDU, Feb 7: The government aims to increase the size of the country's gross domestic product (GDP) by around Rs 2.9 trillion in the next five years. As the 15th Plan is nearing completion, the National Planning Commission (NPC), which has prepared the draft of the 16th Plan, has set a target of raising the country's GDP to around Rs 8.5 trillion by the fiscal year 2028/29.

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Nepali products reach Japan for the first time via China trade route

Published On: January 29, 2024 03:55 PM NPT By: Dilip Paudel

KATHMANDU, Jan 29: Eight years after signing a transit agreement with China, Nepal has started exporting goods to third countries using Chinese ports. Nepal, which is only dependent on India for international trade with third countries, has started sending goods to third countries using China's land.

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Nepal’s banking sector faces impact of sluggish economy

Published On: January 28, 2024 06:48 PM NPT By: Dilip Paudel

KATHMANDU, Jan 28: The country's sluggish economy has affected the banks’ balance sheets. Due to the problems seen in the economy, industries and businesses have been affected, and industrialists and businessmen have not been able to pay the interest on their loans on time.

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Nepali industrialists and businessmen face blacklisting amid economic downturn

Published On: January 12, 2024 05:38 PM NPT By: Dilip Paudel

KATHMANDU, Jan 12: Prabin Gurung, who started a business in order to contribute domestically without seeking foreign employment, now has to face difficulty as the land he mortgaged while taking a loan has gone up for auction.

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Capital outflow worth Rs 47.35 billion for foreign studies in five months of current FY

Published On: January 12, 2024 04:32 PM NPT By: Dilip Paudel

KATHMANDU, Jan 12: The increase in the number of Nepali students going abroad to pursue foreign education is contributing to significant capital outflows.

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Dedicated and trunk line dispute: Line disconnection for non-payment of dues

Published On: December 22, 2023 07:15 PM NPT By: Dilip Paudel

KATHMANDU, Dec 22: There are indications that the government is going to take a tough stance on the dedicated and trunk line electricity dispute, which has persisted for eight years. On Thursday, Prime Minister Pushpa Kamal Dahal directed the Ministry of Energy, Water Resources, and Irrigation to recover Rs 20 billion in arrears from the users of dedicated and trunk lines.

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Govt to purchase paddy worth Rs 2 billion from farmers

Published On: December 19, 2023 03:17 PM NPT By: Dilip Paudel

KATHMANDU, Dec 19: The government is going to purchase paddy worth about Rs 2 billion from the farmers. To ensure a market for the paddy produced by the farmers, the Food Management and Trading Company Limited is going to purchase about 50,000 metric tons of rice.

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Govt allocates Rs 6 billion to employ 60,000 individuals

Published On: December 13, 2023 06:00 PM NPT By: Dilip Paudel

KATHMANDU, Dec 13: At a time when unemployment is rising in the country, the government is going to spend about Rs 6 billion to create job opportunities. Around 60,000 unemployed individuals will be provided employment in the construction and maintenance of community infrastructure.

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Construction companies 'influencing' senior govt officials to snatch contract of Rs 25 billion in Kathmandu-Terai fast track project

Published On: November 29, 2023 05:30 PM NPT By: Dilip Paudel

KATHMANDU, Nov 29: There are ongoing moves to snatch a contract worth Rs 25 billion for the construction of the fast track connecting Kathmandu with Terai/Madhesh, which has been initiated by the Nepal Army. Taking advantage of the 'legal loopholes' in the tender called by the army, a number of construction companies are lobbying to win the contract by influencing high-ranking government officials.

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Govt to hold investment summit to bring in FDI

Published On: November 26, 2023 03:15 PM NPT By: Dilip Paudel

KATHMANDU, Nov 26: The government is going to hold an investment summit to attract foreign direct investment (FDI) in the country.

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Govt to invest Rs 1.25 billion to encourage startups

Published On: November 23, 2023 08:00 PM NPT By: Dilip Paudel

KATHMANDU, Nov 23: To promote industrialization in the country, the government has brought about a policy to encourage innovative startups.

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Nepal’s trade deficit with China widens

Published On: September 23, 2023 07:41 PM NPT By: Dilip Paudel

KATHMANDU, Sept 23: Nepal has not been able to benefit from trade with its northern neighbor China, which has the second largest economy in the world. Since China does not prioritize trade with Nepal, the trade deficit with China is deepening.

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India’s tax policy on onion exports makes Nepali kitchen dearer

Published On: August 21, 2023 09:57 PM NPT By: Dilip Paudel

KATHMANDU, Aug 21: In addition to the 40 percent export tax, customs offices in Nepal levy 1.5 percent Agricultural Infrastructure Tax (AIT) and 9 percent Agricultural Reform Tax and Value Added Tax (VAT) of 13 percent. These additional taxes contribute to a total increase of around Rs 24 per kilogram for onions.

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NOC reluctant to enforce automated pricing system even as it earns Rs 2 billion profit a month

Published On: July 7, 2023 09:00 PM NPT By: Dilip Paudel

KATHMANDU, July 7: Nepal Oil Corporation (NOC) has earned profit of Rs 1.11 billion within 15 days by selling fuel as per the recent price list determined by its supplier - the Indian Oil Corporation (IOC). In this way, the NOC earned a profit of around Rs 2.5 billion in a month.

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Nepal imported paddy, rice worth over Rs 33.6 billion in 11 months of current FY

Published On: June 30, 2023 07:59 PM NPT By: Dilip Paudel

KATHMANDU, June 30: As the government is planning to become self-sufficient in food by increasing agricultural production, rice and paddy worth over Rs 33.6 billion have been imported in the 11 months of the current fiscal year. According to the customs department, from mid-July to the mid-June of the current fiscal year 2022/23, paddy and rice worth Rs 33.63 billion were imported.

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Depositors lose billions of rupees due to lack of effective regulation of cooperatives

Published On: June 29, 2023 04:20 PM NPT By: Dilip Paudel

KATHMANDU, June 29: Depositors have lost billions of rupees due to the lack of effective regulation of cooperative institutions by the government. Due to the lack of effective regulation of cooperatives, deposits worth billions of rupees are at risk after several cooperative operators invested recklessly.

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