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Directors of Wish HR Solutions face Rs 40 million fraud charge
Published On: September 21, 2023 04:15 PM NPT By: Republica
KATHMANDU, Sept 21: Wish HR Solutions, a recruitment company, finds itself embroiled in a legal quagmire as the Department of Foreign Employment has filed a fraud case against its directors, namely Tulsi Prasad Shrestha, Lal Bahadur Pulami, Amrit Shrestha, and Fadindra Koirala. The charges allege a staggering fraud amounting to nearly Rs 40 million.
DoMLI initiates probe as concerns of suspected money laundering arise over Tiger Palace Resort acquisition
Published On: September 21, 2023 11:50 AM NPT By: Tapendra Karki
KATHMANDU, Sept 21: The Department of Money Laundering Investigation (DoMLI) has initiated a probe into the contentious purchase and sale of the 'Tiger Palace Resort.' The anti-money laundering body of the government has raised concerns about the legitimacy of the transactions surrounding the five-star Tiger Palace Resort located in Tilottama Municipality, Rupandehi. Specifically, they suspect that the resort, previously operated by Himalayan Tiger Investment Inc, was funded through illegal means.
Nepal has the potential to export electricity worth Rs 1.3 trillion annually: NRB Governor Adhikari
Published On: September 21, 2023 10:45 AM NPT By: Republica
KATHMANDU, Sept 21: Nepal Rastra Bank (NRB) Governor Mahaprasad Adhikari has expressed confidence that Nepal's trade deficit can be significantly alleviated through the annual export of electricity valued at Rs 1.2-1.3 trillion.
Banks lent Rs 44.15 billion in the past one month; double of the amount in review month last year
Published On: September 21, 2023 09:15 AM NPT By: Republica
KATHMANDU, Sept 21: Demand for bank loans grew almost double in the past month between mid-July and mid-September compared to the same period last year.
8,849 individuals and firms blacklisted during mid-July and mid-September on banking fraud
Published On: September 20, 2023 08:45 PM NPT By: Republica
KATHMANDU, Sept 20: A total of 8,849 individuals and firms were blacklisted in the first two months of the current fiscal year, on charge of check bounce and defaulting bank loans.
Nepal's economy to grow by 4.3 percent in the current FY: ADB Report
Published On: September 20, 2023 08:09 PM NPT By: Republica
KATHMANDU, Sept 20: Nepal's economy is poised for a significant resurgence in the current fiscal year, with an anticipated growth of 4.3 percent at market prices, according to the latest Asian Development Outlook, a flagship publication of the Asian Development Bank (ADB).
339 mountaineers receive permits to scale various mountains for autumn season
Published On: September 20, 2023 07:30 PM NPT By: Republica
KATHMANDU, Sept 20: A total of 339 climbers from 35 expedition groups have received permission to climb 10 different mountain peaks during this autumn season.
Forest Minister Mahato courts controversy for his business venture plans in protected areas
Published On: September 20, 2023 07:00 PM NPT By: Bhuwan Sharma
KATHMANDU, Sept 20: Minister for Forests and Environment Birendra Mahato has drawn widespread criticism for his controversial proposals such as advocating for tiger hunting and promoting commercial activities like hotels, lodges, cable cars, and paragliding within the national park areas.
Construction of powerhouse for Arun III Hydropower project comes to a halt amid protests by locals
Published On: September 20, 2023 05:30 PM NPT By: Republica
SANKHUWASABHA, Sept 20: Construction work of the power house of 900 megawatts Arun III hydropower project under construction in Sankhuwasabha has come to a halt.
Ratnapark-Suryabinayak express bus service kicks off
Published On: September 20, 2023 03:00 PM NPT By: Republica
KATHMANDU, Sept 20: The government has started an express bus service for the first time in the Kathmandu Valley. Prakash Jwala, Minister for Physical Infrastructure and Transport, inaugurated the fast bus service at 9AM at Shanti Batika in Ratnapark, Kathmandu on the occasion of Constitution Day.
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