Category: Finance

Kathmandu: Commission for the Investigation of Abuse of Authority (CIAA) has initiated legal proceedings against 19 individuals on charges of corruption related to the purchase of the Mobile Device Management System (MDMS). According to Dhan Bahadur Karki, spokesperson for the special court, key figures implicated in the case include former Chairman of Nepal Telecommunication Authority… Continue reading Corruption case filed against 19 individuals over irregularities in MDMS purchase

Kathmandu: Nepal has recently inked a crucial agreement with India to import 554 megawatts (MW) of electricity, as confirmed by the Nepal Electricity Authority (NEA). This renewed electricity import pact between Nepal and India spans a duration of three months, effective from March 30. Chandan Kumar Ghosh, head of the NEA’s load dispatch center, revealed… Continue reading Nepal renews agreement to import 554 MW electricity from India

Kathmandu: Shree Airlines, a prominent private sector airline in Nepal, has augmented its fleet with the acquisition of two additional 80-seater aircraft. The newly procured planes, ‘Dash 8,’ are manufactured by De Havilland Aircraft of Canada Limited (DHC), further solidifying Shree Airlines’ position in the aviation industry. Anil Manandhar, the institutional manager of Shree Airlines,… Continue reading Shree Airlines expands fleet with acquisition of two dash 8 aircraft

Kathmandu: The Civil Aviation Authority of Nepal (CAAN) has initiated a significant inquiry into the operations of the Nepal Airlines Corporation (NAC), the national flag-carrier, citing various concerns over its performance. On March 27, CAAN issued a directive outlining 27 points requiring clarification from the NAC, highlighting areas of weakness and deficiencies within the organization.… Continue reading CAAN demands clarification from Nepal Airlines Corporation

Kathmandu: Nepal Airlines Corporation (NAC) is in the process of leasing two Airbus narrow-body aircraft for its international operations, with seven companies expressing interest in the endeavor. The sought-after aircraft, Airbus A320-200 series, are intended to bolster NAC’s fleet capacity, accommodating 158 seats for passengers. According to NAC Spokesperson Ramesh Paudel, the corporation had solicited… Continue reading 7 companies vie to lease aircraft for NAC

Kathmandu: Bosses want their workers back on-site on a more permanent basis. They’re willing to pay a premium to do so. While many jobs still offer hybrid- or remote-working patterns, more bosses are mandating their employees to return to the office on a full-time basis. Boeing, UPS and JPMorgan Chase are among the large corporations… Continue reading US salaries are surging for fully in-office jobs

Kathmandu: In a recent announcement, the government declared its intention to reclaim land formerly occupied by the Bansbari Leather and Shoe Factory, deemed unlawfully held by the private sector. The Department of Land Reform and Management (DOLRM) in Dillibazar formally announced the nationalization of the land on Friday, asserting rightful ownership by the government. During… Continue reading Govt Reclaims land of Bansbari Leather and Shoe Factory

Kathmandu: In accordance with directives from Deputy Prime Minister and Home Minister Rabi Lamichhane, petrol pumps managed by Nepal Police and Armed Police Force have initiated round-the-clock service effective Wednesday, March 20. This extended operating schedule is implemented at petrol stations situated within the Nepal Police Headquarters in Naxal, the Armed Police Force Headquarters in… Continue reading Nepal Police and Armed Police Force petrol pumps now open 24/7

Kathmandu: The Commission for the Investigation of Abuse of Authority (CIAA) has taken legal action against a section officer accused of unlawfully registering government land in an individual’s name. On Thursday, the CIAA filed a case at the Special Court against Yam Kumar Karki, a section officer at the Bagmati Nagar Land Integration Project Office… Continue reading CIAA files case against section officer for illegally transferring government land

Kathmandu: The Central Investigation Bureau (CIB) of Nepal Police has initiated an investigation into Nepali Congress lawmaker Binod Chaudhary’s alleged involvement in the Bansbari Leather and Shoe factory land grab case. CIB has formally communicated with Speaker Devraj Ghimire regarding this matter to ensure parliamentary transparency. Spokesperson for the Parliament Secretariat, Ekram Giri, confirmed CIB’s… Continue reading Nepal Police investigates Binod Chaudhary in Bansbari land grab case