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Import of EVs: Allegations of govt collusion with Cimex Inc

Import of EVs: Allegations of govt collusion with Cimex Inc

- by Republica

KATHMANDU, June 24:  Joint General Secretary and Member of Parliament (MP) of the main opposition Nepali Congress, Badri Pandey, has said that the government has increased collusion with BYD-affiliated company Cimex Inc Pvt Ltd that is facing an investigation for alleged tax evasion.

Cooperative victims stage demonstration in Kathmandu (In Pictures)

Cooperative victims stage demonstration in Kathmandu (In Pictures)

- by Dipesh Darsandhari

KATHMANDU, June 24: ‘Victims’ of cooperative organizations staged a demonstration in Kathmandu today. Under the leadership of the Sahakari Bachatkarta Samrakshyan Rastriya Abhiyan (Mahasangh) or the cooperative depositors protection national campaign (Federation), an organization dedicated to protecting the interests and rights of individuals who save money through cooperative societies in Nepal, victims gathered to voice their grievances.

HoR meeting underway (live)

- by Republica

KATHMANDU, June 24: The meeting of the House of Representatives (HoR) is underway in the Federal Parliament building at New Baneshwor.

Sales of Made-in-Nepal Hyundai Venue begin

Sales of Made-in-Nepal Hyundai Venue begin

- by Republica

KATHMANDU, June 24: Laxmi Intercontinental, the official dealer of Hyundai vehicles for Nepal, has announced the price of Hyundai Venue Made-in-Nepal through its sister company Laxmi Motor Corporation and has started sales and distribution.

Nepal’s foreign trade declines, trade deficit reaches over Rs 1.3 trillion

Nepal’s foreign trade declines, trade deficit reaches over Rs 1.3 trillion

- by Dilip Paudel

KATHMANDU, June 24: Nepal's trade deficit has soared to Rs 1.3 trillion, largely due to heavy reliance on foreign imports, even for goods that could be produced domestically. In the 11 months of the current fiscal year, imports amounted to Rs 1.454 trillion, while exports stood at only Rs 139.26 billion. This imbalance has resulted in a staggering trade deficit of Rs 1.315 trillion.