My Republica

Rudra Pangeni

He is senior reporter with Republica and reports on economy, infrastructure, industry, trade, agriculture etc

NEA posts record revenue growth of 42 percent

August 18, 2017 08:08 AM

KATHMANDU, August 18: Nepal Electricity Authority (NEA) enjoyed one of the best fiscal years in its history in FY2016/17.

Indian roads next to border caused tarai floods: Minister

August 14, 2017 07:15 AM

KATHMANDU, August 13: The highways built along the no man's land on the Indian side of the border are the major reasons behind the floods in the tarai, according to Minister for Energy, Mahendra Bahadur Shahi.

'Firms created by a tax assistant helping large taxpayers evade VAT'

August 8, 2017 04:00 AM

KATHMANDU, Aug 7: The Department of Revenue Investigation (DRI) recently found that a licensed tax assistant had set up three firms to create fake VAT bills through artificial transactions.

ICAN silence on two accused CAs

August 7, 2017 03:38 AM

KATHMANDU, August 6: Two Chartered Accountants (CAs), Lumba Dhwoj Mahat and Umesh Prasad Dhakal, are on the run after the Commission for the Investigation of Abuse of Authority (CIAA) filed case against them at the Special Court for their role in inflicting huge loss on the government while settling pending tax disputes.

Contracting process of 13 roads to begin soon in Kathmandu

August 6, 2017 03:30 AM

KATHMANDU, August 5: The process to award contracts of 13 road projects financed by Indian Line of Credit (LoC) III will finally be held in Kathmandu.

Law in the making for permanent body to settle tax rows

August 4, 2017 07:43 AM

KATHMANDU, Aug 3: Amid controversy over the Tax Settlement Commission (TSC), the government has initiated steps to establish a separate and permanent entity for settling tax disputes. A ‘Dispute Resolution Mechanism’ has been inserted in the Central Revenue Board Bill for forming an apex advisory body on matters of revenue, informed Revenue Secretary Shishir Kumar Dhungana. The bill is in the making at the Nepal Law Commission.

NEA's annul loss drops to record low of Rs 1 billion in 6 years

August 3, 2017 03:00 AM

KATHMANDU, August 2: Nepal Electricity Authority (NEA) managed to bring down its annual loss to below Rs 1 billion in Fiscal Year in 2016/17, significantly down from a record high loss of Rs 8.89 billion in 2015/16.

Private sector tried to prolong life of controversial tax settlement body

August 1, 2017 07:47 AM

KATHMANDU, July 31:The private sector has  attempted at least twice to get  the  Tax Settlement Commission extended or a new commission formed. The controversial body has drawn huge criticism and also seen court cases involving a record high amount in corruption.

Rs 4 million tax waiver for parliament secretariat staffers illegal

July 27, 2017 03:30 AM

KATHMANDU, July 26: Parliament Secretariat emplooyees have not yet paid Rs 4 million in taxes deducted at source (TDS) on their salaries allowances of the fiscal year 2013/14.

Govt intervention will hamper KUKL reform efforts

July 26, 2017 01:45 AM

The nomination of the Secretary of the Ministry of Drinking Water and Sanitation, Bhim Prasad Upadhyaya, as board director of the Kathmandu Upatyaka Khanepani Limited (KUKL), has brewed fresh controversy in the water utility.

Informally acquired skills to get globally accepted certification

July 25, 2017 07:00 AM

KATHMANDU, July 24: Mukesh Chaudhary took a break from his work in Kathmandu in June and went his hometown to sit in final examinations of Grade 12. Chaudhary, 21, works at a construction site and earns to help his parents. Chaudhary has already earned skills in construction work which he neither studied nor attended any training.

Inaction by Chinese contractors to hit dry season power flow

July 25, 2017 03:45 AM

KATHMANDU, July 24: Completing the Dhalkebar substation to import more power and bringing the Kulekhani III plant into generation are two major tasks planned by Nepal Electricity Authority for continuous energy supply in the coming dry season.

Maoists for requesting China to generate 5,000 MW of hydropower

July 18, 2017 01:45 AM

KATHMANDU, July 17: Ruling coalition partner CPN (Maoist Center) has proposed to request Chinese government to build hydropower projects having combined capacity of 5,000 MW in any river basin in Built and Transfer (BT) model.

Rs 46b spent on last 3 days of FY

July 16, 2017 02:30 AM

KATHMANDU, July 15: The government has paid out Rs 46 billion in just three days (Thursday to Saturday), according to spending records at the Financial Comptroller General's Office (FCGO) updated at 6:39 p.m. on Saturday.  The eleventh-hour bulk payments raised misgivings about the possibility of irregularity and misappropriation. Interestingly, the daily budgetary status was  held up for about an hour and was put up again only at 6:39 p.m.

Rs 219 per family for garbage truck come April

July 12, 2017 03:45 AM

KATHMANDU, July 11:Each family in Kathmandu district will in future have to pay Rs 219 per month for garbage collection, according to  the Investment Board Nepal (IBN).

Both govt and private sector clueless on impact of India’s GST

July 7, 2017 09:06 AM

KATHMANDU, July 6: Both the private sector and the government of Nepal are clueless about the impact the Goods and Services Tax (GST) that India introduced Saturday will have on Nepal.

Govt and private sector clueless on impact of India's GST

July 7, 2017 01:30 AM

KATHMANDU, July 7: Both the private sector and the government of Nepal are clueless about the impact the Goods and Services Tax (GST) that India introduced Saturday will have on Nepal.

Acquiring forest a stumbling block for Upper Karnali

July 6, 2017 10:40 AM

KATHMANDU, July 5: Acquiring a piece of forest land of 273 hectares at the project site has become a stumbling block for the 900 MW Upper Karnali Hydropower Project. Providing the forest land to the project is an obligation of the Government of Nepal as per the Project Development Agreement (PDA) signed in 2014.

Ghost hunting in Dhanusha

June 24, 2017 00:15 AM

One person has passed SLC from the village of Amaresh. The sole graduate is now toiling away in the Middle East

AIIB to finance two mega projects totaling Rs 20b: Minister

June 20, 2017 01:20 AM

KATHMANDU, June 20: The Asian Infrastructure Investment Bank (AIIB) has assured Nepal it will finance two mega projects, each costing about Rs 10 billion (US$ 100 million) through soft loans, Finance Minister Gyanendra Bahadur Karki said. The bank will charge 2 percent interest per annum, according to the minister.