Kathmandu: Public debt liability of the Government of Nepal has witnessed an unprecedented surge, reaching a staggering Rs 2.3 trillion within a span of five and a half years. As of the fiscal year 2018/19, the combined internal and external debt stood at a relatively modest Rs 1.04 trillion. However, recent data indicates an alarming… Continue reading Nepal govt faces alarming surge in public debt
Category: Featured News
TIA smuggling scandal unveiled: committee reveals 138 kg gold smuggling network
Kathmandu: The investigation committee of the Tribhuvan International Airport (TIA) Customs Office has concluded its probe, uncovering a significant gold smuggling operation involving Min Bahadur Ghale and his associates. The committee revealed that a total of 138 kg of gold was smuggled, with 14 kg previously seized during the arrest of Chandra Ale on December… Continue reading TIA smuggling scandal unveiled: committee reveals 138 kg gold smuggling network
Chief Justice shrestha launches automated case management system across high courts
Kathmandu: Chief Justice Bishowambhar Prasad Shrestha has officially introduced an automation system for case management in all high courts and benches. The launch took place at the Patan High Court during a program presided over by Chief Justice Shrestha. Expressing his enthusiasm, CJ Shrestha remarked, “This is a happy moment. It gives simplicity in judicial… Continue reading Chief Justice shrestha launches automated case management system across high courts
Agriculture Ministry disburses Rs 800 mn subsidy to sugarcane farmers
Kathmandu: In a significant move to support sugarcane farmers, the Ministry of Agriculture and Livestock Development has disbursed Rs 800 million in subsidies, out of the total earmarked amount of Rs 1.32 billion for the last Fiscal Year (FY) 2022/23. The disbursement, credited to farmers’ accounts in the current FY, aims to bolster agricultural businesses.… Continue reading Agriculture Ministry disburses Rs 800 mn subsidy to sugarcane farmers
Energy Ministry takes action to revoke licenses of inactive hydropower projects
Kathmandu: In response to Prime Minister Pushpa Kamal Dahal’s directive, the Ministry of Energy has initiated preparations to revoke licenses of non-operational hydropower projects. The move comes as concerns rise over the trend of acquiring licenses without making tangible progress in project development. The Department of Electricity Development (DoED) has taken charge of the initiative,… Continue reading Energy Ministry takes action to revoke licenses of inactive hydropower projects
Nepal Foreign Trade Association protests power disconnections by NEA over tariff dispute
Kathmandu: The Nepal Foreign Trade Association (NFTA) has lodged a formal protest against the Nepal Electricity Authority (NEA) for disconnecting power lines to industries accused of non-payment of electricity tariffs related to the dedicated feeders and trunk lines. According to NFTA representatives, the NEA recently implemented a tariff hike of up to 67 percent in… Continue reading Nepal Foreign Trade Association protests power disconnections by NEA over tariff dispute
Cold spell grips Nepal: Meteorological division issues warning
Kathmandu: The Meteorological Forecasting Division of the Department of Hydrology and Meteorology has issued a cautionary advisory urging citizens to take necessary precautions against the intensifying cold wave sweeping across the country. A noticeable decrease in temperature has been observed, particularly in the Kathmandu Valley, prompting concerns about the rising cold. As of today, the… Continue reading Cold spell grips Nepal: Meteorological division issues warning
Nepal Insurance Authority launches sports insurance policy for athletes
Kathmandu: In a significant move to prioritize the well-being of athletes and sports personnel, the Nepal Insurance Authority (NIA) has unveiled a comprehensive sports insurance policy in collaboration with the National Sports Council. This initiative addresses the absence of a defined policy outlining insurance coverage for players, filling a crucial gap in the sports sector.… Continue reading Nepal Insurance Authority launches sports insurance policy for athletes
Travel agency arrested for facilitating human trafficking under the guise of visit visa
Kathmandu: Kathmandu Valley Crime Investigation Office has apprehended a prominent travel operator, Binod Karki, aged 45, on charges of assisting human smuggling. Karki, the proprietor of City Tours and Travels residing in Mahalaxmi Municipality-4, Imadol, Lalitpur, stands accused of sending individuals abroad on ‘visit visas’ based on forged documents. Superintendent of Police (SP) Rabindra Regmi… Continue reading Travel agency arrested for facilitating human trafficking under the guise of visit visa
Power supply disconnected to major industries over unpaid tariffs
Kathmandu: In a decisive move, the Nepal Electricity Authority (NEA) has disconnected electricity supply to several industries that have persistently refused to settle their outstanding electricity tariff dues for using dedicated and trunk lines. The disconnection, effective since Friday evening, comes in response to Prime Minister Pushpa Kamal Dahal’s explicit directive to the NEA to… Continue reading Power supply disconnected to major industries over unpaid tariffs