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Legal experts doubt success of Ncell and Axiata's international arbitration move

Kathmandu, May 1 -- Although Ncell and its parent company, Axiata, have sought international arbitration over the capital gains tax determined by the Nepal government citing Bilateral Investment Treat... Read More


Ncell and Axiata go for international arbitration on their capital gains tax determined by Nepal

Kathmandu, April 30 -- Ncell and its parent company, Axiata, have knocked the door of International Centre for Settlement of Investment Dispute, a body under the World Bank, claiming that Nepal's cond... Read More


Fake VAT bill scam, which is under probe, estimated to be worth over Rs7 billion

Kathmandu, April 29 -- The practice of issuing fake Value Added Tax bills has continued unabated, largely due to the failure of authorities to take timely measures, and non-implementation of laws, exp... Read More


Over 30,000 Nepalis still in forced labour, statistics bureau report says

Kathmandu, April 28 -- A total of 31,338 individuals are in forced labour in Nepal, according to the Labour Force Survey 2017-18 unveiled by the Central Bureau of Statistics. The assessment of forced... Read More


Economic growth projected at 6.81 percent-short of government target, but still best in recent years

Kathmandu, April 27 -- The country's economy is projected to grow by 6.81 percent in 2018-19, which is a little short of the government target of 8 percent growth for the current fiscal year, but stil... Read More


Government loses large swathes of land to enchroachers

Kathmandu, April 26 -- Around 66,000 square metres of public land--belonging to seven government offices-have been encroached upon by individuals, a performance audit report of the Office of Auditor G... Read More


NGOs-turned microfinance asked to deposit fund into state coffers

Kathmandu, April 22 -- Non-government organisations which were converted into microfinance institutions as per the policy of Nepal Rastra Bank need to deposit the reserve fund they earned in the capac... Read More


VAT for Pathao set at Rs3 million

Kathmandu, April 22 -- The tax authority has determined value added tax to be paid by Pathao, a ride-sharing service company, at around Rs3 million although "the company never charged VAT on those who... Read More


Court verdict on Nagdhunga-Kalanki road expansion has knock-on effect on other projects

Kathmandu, April 16 -- A one-and-a-half-year-old Supreme Court verdict in relation to the Nagdhunga-Kalanki road expansion has affected a number of road projects in the Valley. The top court on Septe... Read More


Foreign NGOs are receiving more funds than they show to authorities, Auditor General's office says

Kathmandu, April 15 -- International non-governmental organisations are found to have received nearly three times more funds than what they showed to the government agencies concerned in the past thre... Read More