My Republica

Rudra Pangeni

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

Unfeasible and ambitious promises to woo voters

November 5, 2017 02:30 AM

KATHMANDU, Nov 5: Political parties have again tried to woo voters with unfeasible and ambitious promises in their election manifestos, particularly on the economic issues.

TBI Holdings gets license, but government may get nothing

October 28, 2017 08:15 AM

KATHMANDU, Oct 27: Several domestic and international firms were eying to build Tamakoshi-3, a hydroelectricity project of 650 MW capacity. They were hopeful for a call for competitive bidding, but a sudden move by Energy Secretary Anup Kumar Upadhyaya to award the project’s license to TBI Holdings left them utterly disappointed.

GST waiver on Nepal-bound transit cargo can save Rs 1.2b annually

October 8, 2017 03:30 AM

KATHMANDU, Oct 8: Transportation cost on Nepal's third country imports and exports via India has come down by at least Rs 15,000 per container after India waive Goods and Services Tax (GST) on all transit services provided to Nepal.

Contract process for India-funded road projects begins

October 5, 2017 07:42 AM

KATHMANDU, Oct 5: The government has started contract process for projects to be developed by utilizing Line of Credit III announced by India in 2014.

Ploy to oust CAAN chief for not buying Sherpa’s land

September 16, 2017 11:48 AM

KATHMANDU, Sept 16: The issue of land purchase for Dharan airport is one of the reasons behind the annual budget of the Civil Aviation Authority of Nepal (CAAN) not being approved on Sunday, when a meeting of the CAAN board was scheduled.

Indu Shankar, Everest sugar mills to generate electricity

September 12, 2017 08:22 AM

KATHMANDU, Sept 12: Two sugar mills have signed initial agreements with the government to produce electricity. If it goes as planned, Indu Shankar Chini Udyoug Ltd will generate three megawatts of electricity from December by rotating an additional turbine by the steam of existing boiler. The mills use bagasse, a residue of sugar cane crushing, to heat the boiler.

'Big contractors forming cartel to win contracts'

September 6, 2017 02:41 AM

KATHMANDU, Sept 5: Small contractors - of class 'C' and 'D' categories - have alleged office-bearers of Federation of Contractors Association of Nepal (FCAN) of being self-centered and forming a cartel to win contracts.

NOC charges customers fee on oil, LPG to make fund for staff bonus

September 2, 2017 08:44 AM

KATHMANDU, Sept 1: Nepal Oil Corporation (NOC) has been keeping infrastructure development fee, which it charges from the end customers, in its profit accounts. Such profits are directly allocated to the corporation’s staff bonus and other incentives, NOC balance sheet shows.  As per the balance sheet of 2015/16, NOC has put the fee into its profit accounts.

CIAA stalks NEA mgmt but leaves NOC chief alone

August 27, 2017 07:56 AM

KATHMANDU, August 27 The Commission for  the Investigation of Abuse of Authority (CIAA) is silent about investigating  Managing Director of Nepal Oil Corporation Gopal Khadka although parliament’s Public Accounts Committee on August 5 asked it to take action against him.

FCAN defends Pappu Construction in Babai bridge failure

August 24, 2017 04:08 AM

KATHMANDU, August 24: The Federation of Contractor's Association of Nepal (FCAN) has claimed that the contractor is not responsible for the damage in Jabdighat Bridge over Babai River in Bardiya.

Arun III and Upper Karnali developers allowed to use forest land

August 21, 2017 08:13 AM

KATHMANDU, August 21: Developers of Arun III and Upper Karnali can now use local forest land by paying lease fee as stated in the Project Development Agreement (PDA), which was signed in 2014.

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.