Republica Watch

Lack of investment-friendly laws raises concerns as Investment Summit approaches

KATHMANDU, April 20: Despite the private sector’s recommendations to amend about two dozen laws to promote both foreign and domestic investment in the country, the government has yet to make any amendments. With only nine days remaining for the start of the Nepal Investment Summit-2024, where the government aims to attract foreign investment, the private sector is worried due to the absence of legal reforms.
Lack of investment-friendly laws raises concerns as Investment Summit approaches


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This Year

Published On: February 28, 2024 10:30 AM NPT

‘Corruption of over Rs 10 billion in DoTM in 10 years'
‘Corruption of over Rs 10 billion in DoTM in 10 years'

KATHMANDU, Feb 28: The Department of Transport Management (DoTM) suspects that there has been corruption amounting to around Rs 10 billion in the illegal issuance...
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Published On: February 25, 2024 06:00 PM NPT

Govt investigating 2000 firms for their alleged involvement in Rs 10 billion fake invoice scam
Govt investigating 2000 firms for their alleged involvement in Rs 10 billion fake invoice scam

KATHMANDU, Feb 25: The government has launched an investigation into about 2,000 commercial firms engaged in various businesses for allegedly using fake invoices, aiming to...
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Published On: February 21, 2024 07:30 AM NPT

UK commits $505 million in development grants for business and green growth in Nepal
UK commits $505 million in development grants for business and green growth in Nepal

KATHMANDU, Feb 21: The UK has committed $505 million in development grants to Nepal by 2030. The UK government made this commitment by signing two...
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Published On: February 20, 2024 02:07 PM NPT

Nepali visitors to India can now have easy access to Indian SIM cards
Nepali visitors to India can now have easy access to Indian SIM cards

KATHMANDU, Feb 20: Nepali citizens visiting India can now easily acquire Indian SIM cards with the Indian government simplifying the provision for Nepali nationals. ...
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