Mt Everest alone contributes Rs 361.4 million

KATHMANDU, March 22: National Natural Resources and Fiscal Commission (NNRFC) has started homework for devising formulas for distributing royalties of five different types of natural resources among all three tiers of the government.

KATHMANDU, Jan 8: The government collected Rs 389.5 million in royalties from mountaineering expeditions in 2017, a growth of 27.61 percent compared to the earnings of 2016.

KATHMANDU, Oct 7: Local level units and provinces will get 25 percent each of the royalty collected on the use of natural resources, according to the bill on Inter-Governmental Financial Management  endorsed on Friday. The remaining 50 percent remains with the central government.

NEPALGUNJ, August 28: Disputes have emerged between the District Coordination Committee (DCC), Banke, and the local units over the royalty from natural resources and mines in the district.

KATHMANDU, Nov 3: Locals affected by the Melamchi Water Supply Project (MWSP) have demanded that they be paid royalty of Rs 5 per 10,000 liters of water supplied to the Kathmandu Valley.