Nepal

Agency- Venezuela’s interim president on Friday dismissed businessman Alex Saab, a close ally of deposed leader Nicolas Maduro, from his post as minister of industry. In a Telegram message, Delcy Rodriguez announced the ministry would be combined with a commerce ministry and thanked Saab — a Colombian-born Venezuelan — “for…

Kathmandu-The Sher Bahadur Deuba faction of the Nepali Congress has strongly rejected the Election Commission’s decision recognizing the special general convention led by Gagan Thapa and Bishwaprakash Sharma, describing the convention as a “so-called gathering” and announcing plans for political resistance and legal action. A meeting of the Deuba faction…

Kathmandu- The Government of Nepal and the Nation, Nationality, Religion, Culture and Civil Defense Campaign, Nepal, led by Durga Prasai, have reached an agreement addressing the campaign’s 27-point set of demands. The agreement was signed between Minister for Communications and Information Technology Jagdish Kharel, who coordinated the government’s negotiation team,…

Kathmandu- Nepali Congress President Gagan Kumar Thapa has stated that there will be no discrimination or retaliation within the party, particularly in the distribution of election tickets, following the Election Commission’s decision to recognize the Thapa-led leadership. Speaking to Online News after the Election Commission granted official authority to the…

Kathmandu- The Election Commission (EC) has officially recognized the special general convention of the Nepali Congress, granting legal validity to the leadership elected under the Gagan Thapa–Bishwaprakash Sharma group. A meeting of the Commission held on Friday decided to update the party records in line with the office bearers elected…

Kathmandu- The internal dispute within the Nepali Congress has sharply escalated, with the Sher Bahadur Deuba-led faction warning of nationwide protests if the Election Commission (EC) does not recognize its leadership, while the Gagan Thapa-led group has launched a sit-in protest in front of the Commission demanding official recognition. Addressing…

Kathmandu- Neco Insurance Limited has announced a total dividend of 15.78 percent to be distributed to its shareholders from the profit of the last fiscal year. According to the company, the dividend includes 12.78 percent bonus shares based on the current paid-up capital and 3 percent cash dividend for tax…

Kathmandu- Halfway through the current fiscal year 2082/83, Nepal’s development (capital) expenditure has dropped to just 12.12 percent, once again highlighting the government’s weak implementation capacity and shifting policy priorities. According to data from the Office of the Comptroller and Auditor General, only Rs 49.42 billion has been spent on…

Kathmandu- The Securities and Exchange Board of Nepal (SEBON) has taken regulatory action against 101 companies for violating capital market rules and directives during the fiscal year 2081/82, collecting fines amounting to Rs 5.06 million. According to SEBON, the action was taken against two brokerage companies, one merchant banker, one…

Kathmandu- Police have uncovered significant developments in the Nepal SBI Bank robbery case, identifying the houseowner linked to the bank as the main planner of the robbery, while his brother-in-law played a key accomplice role in coordinating and facilitating the crime. Based on statements given by the arrested robbers, police…