Business

Kathmandu- Among the four newly appointed ministers in Prime Minister Sushila Karki’s cabinet, Shraddha Shrestha has been assigned the Ministry of Women, Children and Senior Citizens. Following her appointment, questions circulated on social media and news platforms regarding her alleged involvement in a corruption case at the Nepal Tourism Board…

Agency- The European Union has opened a formal investigation into Chinese security-scanner manufacturer Nuctech, examining whether the company gained an unfair advantage in the European market through illegal state subsidies. The probe follows unannounced European Commission inspections at Nuctech facilities in Poland and the Netherlands in April 2024. Initial findings…

Kathmandu – The Commission for the Investigation of Abuse of Authority (CIAA) has confirmed that it is investigating outgoing Home Minister Ramesh Lekhak in connection with alleged corruption and illegal financial dealings uncovered in the visit visa scandal at Tribhuvan International Airport (TIA). According to the chargesheet filed at the…

Kathmandu– The Commission for the Investigation of Abuse of Authority (CIAA) has filed a corruption case against six individuals, including Joint Secretary Tirtharaj Bhattarai, accusing them of operating a large-scale extortion racket targeting Nepalis travelling abroad on visit visas through Tribhuvan International Airport (TIA). Bhattarai was serving as the Chief…

Kathmandu – Nepal will bar cash transactions above Rs 500,000 starting from Magh 1, as part of a major policy push to curb money laundering and increase financial transparency. The decision, taken by the Council of Ministers on November 16, follows imminent review pressure from the Financial Action Task Force…

Kathmandu – The Government of Nepal has officially terminated its Double Taxation Avoidance Agreement (DTAA) with Mauritius, ending a 25-year-old treaty first signed on August 3, 1999. The decision was endorsed by the Council of Ministers on Monday, and the Department of Inland Revenue has already issued formal notice through…

Kathmandu – Qatar has announced a pledge of USD 1 million to the United Nations Central Emergency Response Fund (CERF) for 2026, reaffirming its long-standing partnership with the UN’s humanitarian system. The commitment was made by Sheikha Alya Ahmed bin Saif Al-Thani, Qatar’s Permanent Representative to the UN, during the…

Kathmandu – Nepal Electricity Authority (NEA) Executive Director Hitendra Dev Shakya has said he will work in close coordination with the government for the remaining period of his tenure, following his reinstatement by the Supreme Court. Assuming office on Wednesday after the court invalidated the government’s decision to transfer him,…

Kathmandu – Reliance Spinning Mills has opened applications for its Initial Public Offering (IPO) targeted at Nepali citizens working abroad, starting from December 22. The company is issuing 115,596 units of shares, representing 10 percent of the ordinary shares allocated for public issuance. While the face value of the shares…

Kathmandu – The Supreme Court has overturned the Gen-Z government’s decision of 22 Asoj to remove Hitendradev Shakya from the post of Executive Director of the Nepal Electricity Authority (NEA). The court has issued a mandamus order in favour of Shakya, concluding that his removal—initiated by Minister for Energy, Water…