My Republica

Rudra Pangeni

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

Population given 70% weight for local, provincial resources

May 20, 2018 08:04 AM

KATHMANDU, May 20: Population, which was the top factor in delineating village councils and municipalities last year, has again been given the highest weightage – 70 percent – in allocating resources to the local levels and provinces. Human Development Index carries only 5 percent value in revenue distribution.

No visible progress in Pancheshwar in four years

May 14, 2018 03:40 AM

KATHMANDU, May 14: When Indian Prime Minister Narendra Modi announced to speed up development of Pancheshwar Multipurpose Project during his Nepal visit in 2014, many thought that the bilateral project, which had remained in paper for 18 years, would finally kick off.

Govt’ll build Budhigandaki on its own: Energy minister

May 9, 2018 06:43 AM

KATHMANDU, May 9: Minister for Energy, Water Resources and Irrigation Barsha Man Pun has said that the government will build the 1200 MW Budhigandaki Hydropower Project on its own and the tender process for the project will begin from next fiscal year. Budhigandaki is currently the only ready-to-implement reservoir-based hydropower project. The project’s Detailed Project Report (DPR) and tender documents are ready, according to officials.

All assets of organizations in the transport sector will come under govt ownership

May 6, 2018 05:41 AM

KATHMANDU, May 6: All assets of over 300 Bus Entrepreneurs Committees and their federations, which won't exist by the end of Mid July, will come under ownership of government automatically as per law. Such assets which will come under government ownership includes the money deposited in the banks, office buildings and other movable assets owned by those committees, which are registered at the district administration offices under  Association Registration Act 1977.

Rs 1 trillion public transport industry doesn't pay income tax

May 5, 2018 06:55 AM

KATHMANDU, May 5: Public transport operators have invested over a trillion rupees [Rs 1,000 billion] in the industry but they have not been paying any taxes on their profits, according to government officials. All the public transport operators including bus operators and truckers in the country are registered with one or another "transport enterpreneurs committees", which operate as non-profit organizations.

No improvement in customs revenue collection

May 4, 2018 08:34 AM

Measures introduced by finance minister not yielding desired results

Funds to control under-invoicing at customs points remain unutilized

May 3, 2018 08:23 AM

Customs officials can use the fund to purchase ‘doubtful’ goods from importers

Why earlier bid was terminated

May 2, 2018 09:32 AM

KATHMANDU, May 2: In June, 2014, the evaluation of proposals for building the Mugling-Narayanghat road section was in the final leg and the Department of Road was waiting for the final response from the World Bank, the financer of the project, to sign the contract agreement and kick start works.

Average Nepali expected to earn US $1,004 this fiscal year

April 26, 2018 06:20 AM

KATHMANDU, April 26: Each Nepali will earn an average of US $ 1,004 (Rs 106,333 as per Wednesday's exchange rate) in the current fiscal year, which ends in mid-July.

Officials worry over drop in customs revenue from RMG, tobacco

April 25, 2018 03:47 AM

KATHMANDU, April 25: The drop in revenue from import of readymade garments, and tobacco products and its raw materials in the first eight months of current fiscal year, i.e. from mid-July 2017 to mid-February 2018, has left government officials worried.

End of transport syndicate can bring down price of daily consumables

April 23, 2018 06:30 AM

KATHMANDU, April 23: Transport syndicate is not only increasing travel prices and affecting quality of public transportation. This unholy nexus of transporters is also affecting prices of daily consumables like food materials and vegetables as well as fuel and apparel.

DRI loses additional authority delegated by former finance ministers

April 5, 2018 04:00 AM

KATHMANDU, April 5: The government has stripped off the Department of Revenue Investigation (DRI) of additional authorities delegated by ministerial-level decisions of the Ministry of Finance.

55th audit report to be ministry-wise again

April 3, 2018 06:15 AM

KATHMANDU, April 3: The 55th audit report of all public offices scheduled to be published next week will have major changes compared to the 54th report of last year. However, what will be lacking will be issue-based reporting.

Finance minister makes a diagnosis of economy

March 31, 2018 08:40 AM

Slams privatization of public enterprises

'Climate relevant' budget allocation said to be unrealistic

March 25, 2018 07:50 AM

KATHMANDU, March 25: The government has designated  Rs 393.4 billion in the budget allocation for the current fiscal year as 'climate-relevant according to the budget red book. But this whopping budget for climate resilient spending is said to be not realistic.

Govt mulls budget transfer to local bodies based on spending

March 20, 2018 07:50 AM

KATHMANDU, March 20: The federal government is now mulling to stop fiscal transfers to local levels in lump sum in the next fiscal year to cope with the crunch of spendable amount in the government treasury.

Project cost to reach about Rs 50 billion

March 18, 2018 08:35 AM

KATHMANDU, March 18: The project cost of the much-awaited Upper Tamakoshi Hydropower project is estimated to reach close to Rs 50 billion. This will mean a cost increased of Rs 14 billion.

Traders, govt staff colluded to evade Rs 350m a day in customs

March 3, 2018 02:30 AM

KATHMANDU, March 3: Traders in cahoots with government employees were evading customs duty worth around Rs 350 million each day, according to comparative figures between Friday and the recent past.

Indian firm to produce anti-cancer drug in Nepal

February 20, 2018 05:30 AM

KATHMANDU, Feb 20: Hospitals providing cancer treatment have received more patients in recent years. Another indication of the rising incidence of cancer here is the fact that an Indian pharmaceuticals company has entered the country to build a cancer drug plant in Bhaktapur to cash in on the demand.

Contractors, officials collude to steal Rs 8-14 billion

January 15, 2018 11:40 AM

In Nepal, half a dozen contractors exercise monopoly over construction contracts. The cartel holds sway over entire construction administration and political sector. They huddle together before bidding for large infrastructure projects.  A report by Public Procurement Monitoring Office under Prime Minister's Office has exposed their workings.