The contributor for Republica.

Main accused ordered to deposit Rs 10 million, serve a jail term of one year

Published On: October 10, 2020 09:00 PM NPT By: RAJESH KHANAL

KATHMANDU, Oct 10: The Department of Commerce, Supplies and Consumer Protection on Friday ordered the proprietor of Ian Distributor Pvt Ltd, the company involved in relabelling of various expired food items and supplying them to the market, to deposit an amount of Rs 10 million. Similarly, the market regulator slapped a one-year jail term on an Indian national involved in the scam.

Nepal’s trade deficit declines by one fourth in first two months of current fiscal year

Published On: September 28, 2020 07:30 AM NPT By: RAJESH KHANAL

KATHMANDU, Sept 28: Nepal’s trade deficit during the period of mid-July to mid-September declined by 24.93 percent, significantly lowering the import expenses.

Cooperatives help rural farmers sell their products during lockdown

Published On: September 24, 2020 12:15 PM NPT By: RAJESH KHANAL

KATHMANDU, Sept 24: Cooperatives played a notable role in bringing farm products from the rural to the urban areas, which helped maintain the supply and price stability of the essentials in the market, said the stakeholders of the sector.

Substandard hand sanitizers in market pose risk to public health

Published On: September 17, 2020 10:50 AM NPT By: RAJESH KHANAL

KATHMANDU, Sept 17: Selling of substandard hand sanitizers is on rise in the Kathmandu Valley amid soaring demands and weak government monitoring, posing a serious threat to people’s health.

Cooperatives pressed under too many laws, but with little scope for effective implementation

Published On: August 11, 2020 08:55 AM NPT By: RAJESH KHANAL

KATHMANDU, Aug 11: The government has come up with yet another directive for the monitoring and regulation of savings and credit cooperatives at a time when the oversight agencies have been struggling to enforce the provisions made in similar other laws for the sector.

Monetary Policy 2020/21 focuses on providing relief to pandemic-hit businesses

Published On: July 18, 2020 08:02 AM NPT By: RAJESH KHANAL

Energy and agriculture promotion and mergers between banks to get priority

Capital expenditure shoots up as fiscal year nears end

Published On: July 9, 2020 10:11 AM NPT By: RAJESH KHANAL

Quality of development works under question as funds are being spent haphazardly

Govt apathy takes its toll on rice production, imports to surge

Published On: June 29, 2020 07:07 PM NPT By: RAJESH KHANAL

KATHMANDU, June 29: Nepal on Monday is celebrating the ‘National Paddy Day,’ the main day to mark a nationwide paddy transplantation, celebrated with the vision of making the country self-reliant in rice against the fact that the import of the staple food is surging year on year.

Locust outbreak suspected in a number of Tarai districts

Published On: June 27, 2020 10:45 PM NPT By: RAJESH KHANAL

KATHMANDU, June 27: In a worrisome development, a few locations in Province 2 have reported locust outbreaks that pose high threat to the food crops.

Govt looks for budget transfers to pay salary to civil servants

Published On: June 24, 2020 09:50 AM NPT By: RAJESH KHANAL

KATHMANDU, June 24: The government which is struggling to manage funds for the recurrent expenditure is seriously looking for budget transfers to pay the remunerations of the civil servants.

Turmeric import grows fourfold in 10th month of current fiscal year

Published On: June 22, 2020 09:10 AM NPT By: RAJESH KHANAL

KATHMANDU, June 22: The import of turmeric, a spice widely used also as a homeopathic medicine, escalated by almost four-fold during the one-month period from mid-April to mid-May amid widespread threat of the coronavirus in the country.

Govt introduces flexible tax policy for small businesses

Published On: May 29, 2020 06:30 PM NPT By: RAJESH KHANAL

KATHMANDU, May 29: The budget for fiscal year 2020/21 unveiled by the government on Thursday was expected to restructure the tax system largely along with revising income tax slabs to invigorate the economic activities that have been largely hit by the over two months of the nationwide lockdown.

Govt announces farmer-focused programs to promote agriculture

Published On: May 28, 2020 05:37 PM NPT By: RAJESH KHANAL

KATHMANDU, May 28: Prioritising the agriculture sector, the government has introduced a number of farmers-focused programs through the budget for the next fiscal year 2020/21, allocating Rs 41 billion for the promotion of agricultural produce and Rs 27 billion for irrigation alone.

Public enterprises continue dismal performance despite massive state investments, post 2% RoI

Published On: May 27, 2020 07:05 PM NPT By: RAJESH KHANAL

KATHMANDU, May 27: The government’s revenue from the dividend of public enterprises in the fiscal year 2018/19 declined by 4.28% to Rs 9.47 billion, compared to the amount in 2017/18.

Govt fails to check ever-expanding unproductive expenses this year too

Published On: May 27, 2020 08:05 AM NPT By: RAJESH KHANAL

KATHMANDU, May 26: The total investment from the government and the private sector has been projected to decline by 3.4 percent to Rs 1.88 trillion in the current fiscal year. The government has blamed the threat of COVID-19 and measures put in place to curb it for the decline.

Govt says lack of data on poor snagging distribution of relief

Published On: April 11, 2020 07:42 AM NPT By: RAJESH KHANAL

KATHMANDU, April 11: The government's much-talked-about identity card distribution for the poor was stuck in limbo for over eight years and now they are without proper grass-roots data for distributing edibles as relief to the needy.

Govt bans imports of high-end cars, expensive edibles

Published On: March 31, 2020 04:25 AM NPT By: RAJESH KHANAL

KATHMANDU, March 31: The government has barred import of luxury vehicles and a number of expensive edibles to avoid possible fall in foreign currency reserve of the country as economic activities come to a halt due to COVID-19 outbreak.

Gas bottlers asked to sell half-filled cooking gas cylinders

Published On: March 27, 2020 06:05 AM NPT By: RAJESH KHANAL

KATHMANDU, March 27: Nepal Oil Corporation (NOC), in a bid to ease the supply of cooking gas, has directed the gas bottling companies to sell half-filled cylinders to the customers.

Effective database systems for co-ops in pipeline

Published On: March 8, 2020 09:30 AM NPT By: RAJESH KHANAL

KATHMANDU, March 8: The government in a bid to improve information management system of cooperatives has stepped up to enforce Copomis and Credit Information System in the sector.

Medicine stocks enough for at least five months: Govt, drug makers

Published On: March 5, 2020 08:00 AM NPT By: RAJESH KHANAL

KATHMANDU, March 5: The availability of medicines in the domestic market will not be affected for at least the next five months as the country has adequate stocks, said government officials and private sector drugs manufacturers.