Business

Kathmandu- The appointment of auditors at the Agricultural Development Bank (ADB) has come under serious legal scrutiny, with questions raised over clear violations of existing company law and disagreements emerging between the bank, auditors, and the Nepal Institute of Chartered Accountants (ICAN). The controversy dates back to last year’s 18th…

Kathmandu- The physical reconstruction required after the damage caused during the Gen-Z Movement on Bhadra 23 and 24 is estimated to cost Rs 36.25 billion, according to a government assessment report. A five-member committee formed by the Council of Ministers on October 20, under the coordination of the Secretary of…

Kathmandu- The Ministry of Labour, Employment and Social Security has taken a series of decisions aimed at addressing long-standing concerns of candidates who passed the Employment Permit System (EPS) examinations for South Korea-bound employment but have not yet received work opportunities. According to the ministry, the government will formally approach…

Kathmandu- Nepal’s banking sector has expressed serious concern over a series of attacks on employees of banks and financial institutions, warning that continued criminal violence could pose risks to depositor confidence, financial discipline, and the overall stability of the financial system. A meeting convened on Wednesday under the auspices of…

Kathmandu- Four Indian nationals accused of carrying out a sophisticated gambling fraud at Waldo Casino in Chhaya Center, Thamel, have been sent to judicial custody, while three others have been released on bail. The Kathmandu District Court ordered the remand of Suresh Mahajan (57), Pramod Maurya (39), Bikram Singh (32),…

Kathmandu- Private sector telecommunications service provider Ncell has urged the government to reconsider its decision not to renew the company’s operating license after the next four years, alleging discriminatory treatment and policy inconsistencies. In a formal letter submitted to Prime Minister Sushila Karki, Ncell Services Limited (NSLEL) requested the Government…

Kathmandu- The United States has introduced a new visa bond requirement for Nepali nationals applying for B-1/B-2 (business and tourist) visas, making it mandatory to deposit a specified amount while applying for the visa. The US State Department has included Nepal in the list of countries subject to the “visa…

Kathmandu- The Institute of Chartered Accountants of Nepal (ICAN) on Tuesday launched the “Global Accounting Initiative in Nepal” (GAIN) project, aiming to make Nepal’s accounting services internationally competitive while significantly boosting employment and foreign income generation. The project was unveiled at a programme held in the federal capital, with ICAN…

Washington- US President Donald Trump said on Tuesday that Venezuela would provide between 30 million and 50 million barrels of oil to the United States at prevailing market prices, claiming that proceeds from the deal would be used “to benefit the people” of both countries. Trump’s remarks come amid heightened…

Kathmandu: Nepal’s fifth-largest internet service provider, Classic Tech, is facing a heightened risk of internet service disruption after telecom operator Ncell issued a formal warning over unpaid bandwidth dues exceeding Rs 300 million. Ncell has given Classic Tech a 30-day ultimatum to clear outstanding payments, failing which the company has…