CIAA Files Graft Case against 32 Alleging Corruption of Rs 1.5 Billion in Aircraft Purchase Deal

April 5: The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case against 32 individuals in the Special Court alleging that they were involved in corruption amounting to one and a half billion rupees in the purchase of a wide-body aircraft for the Nepal Airlines Corporation…

Inflow of Remittance Increases to Rs 961 Billion
Inflow of Remittance Increases to Rs 961 Billion
  0   1 minutes 11 seconds to read

April 5: Inflow of remittance into Nepal increased 21.0 percent to Rs 961.22 billion in the first eight months of the current fiscal year, according to the latest report of Nepal Rastra…

Current Account and Balance of Payments in Surplus in Current Fiscal Year
Current Account and Balance of Payments in Surplus in Current Fiscal Year
  0   2 minutes 17 seconds to read

April 5: The current account of the government remained at a surplus of Rs 166.87 billion in the first eight months of the current fiscal year against a deficit of Rs 55.28 billion in the same period of the previous…

Inflation Moderates to 4.82 Percent in mid-March
Inflation Moderates to 4.82 Percent in mid-March
  0   1 minutes 41 seconds to read

April 5: The year-on-year (y-o-y) consumer price inflation moderated to 4.82 percent in mid-March 2024 compared to 7.44 percent a year…

Nepal’s Trade Deficit Stands at Rs 929 Billion
Nepal’s Trade Deficit Stands at Rs 929 Billion
  0   1 minutes 52 seconds to read

April 5: Nepal’s trade deficit has reached Rs 929.61 billion in the first eight months of the current fiscal year despite a 2.5 percent decline in the review period compared to the corresponding period of last fiscal…

CIAA Sues Former Minister Shahi, 31 others for Corruption in Wide-Body Aircraft Procurement  

April 4: The Commission for the Investigation of Abuse of Authority (CIAA) on Thursday lodged a charge sheet against 32 persons, including former Minister for Culture, Tourism and Civil Aviation Jeevan Bahadur Shahi, on the charge of corruption on procurement of wide-body aircraft for the national flag carrier- Nepal Airlines Corporation…

Government Unlikely to Amend Laws Before Investment Summit
Government Unlikely to Amend Laws Before Investment Summit
  0   4 minutes 43 seconds to read

April 4: The government’s attempt to introduce various laws and regulations before the Third Investment Summit scheduled for April 28 and 29 seems an uphill…

Big Insurance Companies Fail to Issue Micro Insurance Policies
Big Insurance Companies Fail to Issue Micro Insurance Policies
  0   5 minutes 31 seconds to read

April 4: Big insurance companies have failed to implement the instructions of Nepal Insurance Authority that insurance such companies should issue a minimum of 10% micro insurance…