Lonely Planet crowns Nepal as world’s ‘best value destination’ for 2017

  • Ranks 5th in ‘top 10 countries to visit’
Post Report, Oct 25 2016
Nepal has been named among the top 10 countries in the world to visit in 2017, according to Lonely Planet’s annual Best in Travel list.
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Deliberations on impeachment against Lokman Singh Karki: House meet put off for Nov 10

    Post Report, Oct 25 2016
    The Legislature-Parliament on Tuesday put off the deliberations on impeachment motion registered against CIAA Chief Commissioner Lokman Singh Karki for November 10.
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    NC leader Thapa urges lawmakers to endorse Lokman’s impeachment motion

      Post Report, Oct 25 2016
      Nepali Congress leader and Health Minister Gagan Thapa has said that he is in favour of impeaching CIAA Chief Commissioner Lokman Singh Karki.
      full story »

      Officials trade blame over Ncell dividend repatriation

        RUPAK D SHARMA, Oct 25 2016

        The Nepal Rastra Bank (NRB)’s decision to allow Ncell to repatriate dividend has landed in controversy after two different authorities that were overlooking the case declined to verify claims made by the central bank.

        The NRB on Monday defended its move to allow Ncell to repatriate dividend, saying the telecom company established through foreign investment had fulfilled all due processes before remitting the profit earned in Nepal.

        In between mid-August and mid-September, the NRB allowed Ncell to repatriate profit of Rs8.36 billion earned in the fiscal year 2011-12.

        “The permission was given after the Nepal Telecommunications Authority (NTA), the telecom sector regulatory body, on July 11, wrote to the NRB, informing that foreign exchange facility could be extended to Ncell to remit the profit if the company has submitted documents on revised shareholding structure, tax clearance certificate, audit report and a copy of decision taken by the annual general meeting on dividend distribution,” NRB Spokesperson Narayan Prasad Paudel told a press meet on Monday. “The NTA had also enclosed a letter issued by the Department of Industry (DoI), which stated the same thing. So, we followed all due processes while allowing Ncell to remit the profit.”

        However, a senior NTA official told the Post that the telecom sector regulator had not issued such a letter as claimed by the NRB. The Post could not contact NTA Chairman Digambar Jha despite repeated attempts.

        The DoI, on the other hand, said it had only explained the process of dividend repatriation in a letter written to the NTA.

        “We never gave the permission or a no-objection letter to remit the profit earned by Ncell,” DoI Director General Maheshwor Neupane told the Post. “We are surprised by NRB’s latest move as it cannot allow a company established with foreign investment to repatriate dividend without seeking our permission.”

        The DoI in a letter written on August 28, according to Neupane, had reminded the NRB that it must not allow foreign investors to remit profit earned here without getting its nod. The DoI,

        said Neupane, wrote the letter as per the provision incorporated in the Foreign Investment and Technology Transfer Act.

        However, the NRB says it need not seek permission of any authority prior to allowing foreign investors to repatriate dividend.

        “Despite this, we sought NTA’s view on Ncell dividend repatriation case as it was a sensitive matter,” NRB Spokesperson Paudel said. Neupane, on the other hand, said the NRB should have contacted the DoI and not the NTA on this issue, as the DoI is the concerned authority that oversees matters related to dividend repatriation.

        Companies like Ncell established through foreign investment are entitled to repatriate profit earned in Nepal and this right has been enshrined through the Foreign Investment and Technology Transfer Act. Based on this provision, companies established through foreign investment have been transferring profit earned in Nepal.

        Earlier in March 2013 also, Ncell had sought permission to repatriate 80 percent of Rs11 billion it earned in profit—or Rs8.80 billion (before deducting taxes)—in 2011-12. However, the NRB could not process Ncell’s application after it came to light that the telecom company had not been maintaining the said paid-up capital.

        Ncell had initially said its paid-up capital stood at Rs100 million, of which Rs80 million belonged to foreign investors and the rest Rs20 million belonged to local investors.

        However, documents showed that of the Rs80 million in capital that belonged to foreign investors, only Rs58 million had entered the country through formal channel.

        Ncell could not substantiate the origin of the Rs22 million in capital injected into the company.

        This was the main reason NRB had not allowed Ncell to repatriate dividend earlier.

        “Ncell furnished documents on entry of Rs22 million through the formal channel only in January 2016,” said NRB’s Deputy Spokesperson Rajendra Pandit. “This paved the way for us to allow the company to repatriate its dividend.”

        Earlier in June, the Parliamentary Finance Committee had directed the Ministry of Industry and the Ministry of Finance to entertain Ncell’s proposals to raise paid-up capital and launch commercial schemes only after the telecom company settled the capital gains tax issue.

        “We are not against the practice of remittance of dividend as this is the right of foreign companies operating here. But those companies should follow due processes and not cut corners while repatriating profit earned here,” Parliamentary Finance Committee Chair Prakash Jwala told the Post.

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        Nepali woman charged with theft of Rs 7 million in Kuwait moves court

        HOM KARKI, Kathmandu, Oct 25 2016
        A Nepali woman, who has been sentenced to one year in jail in Kuwait on charge of theft of 20,000 dinar (approx Rs7 million), has appealed to Kuwait Appellate court for legal immunity.

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        MJF-L Chairman Gachchhadar for fair investigation into Tikapur incident

        RSS, Dhangadhi (Kailali), Oct 25 2016
        Madhesi Janadhikar Forum (Loktantrik) Chairman Bijaya Kumar Gachchhadar on Tuesday said an impartial investigation into the Tikapur incident should be conducted to publish the guilty ones.

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        Main News

        Gunmen attack police academy in Pakistan, 59 killed

        BBC, Oct 25 2016
        At least 59 cadets and guards have been killed after militants attacked a police college in the Pakistani city of Quetta, officials say.Gunmen attack police academy in Pakistan, 59 killed
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        Impeachment motion against Karki: Congress continues to hem and haw

        Post Report, Oct 25 2016
        An impeachment motion against Lokman Singh Karki, which was moved without the participation of the Nepali Congress, has made the largest force in Parliament a divided house, and the Congress party is still hemming and hawing over the next move.
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        TI Nepal says it denounces corruption at any level

        Post Report, Oct 25 2016
        Transparency International Nepal (TI Nepal), a coalition against corruption, has reiterated that it denounces all types of unaccountability, corruption and corrupt behaviours at any level. An impeachment motion against Karki was registered at the Parliament Secretariat by 157 lawmakers on Wednesday.
        full story »



        Jhapa FC entered the final of the All India 36th Governors Gold Cup football tournament in Sikkim on Monday. In the semi-final, Narendra Limbu’s 92nd minute goal handed Jhapa a slim 1-0 victory over Gangtok Himalaya Sporting Club. In the final match on October 27, Jhapa will face the winners of Tuesday’s second semi-final between Aakraman FC of Gangtok and Mohammedan Sporting Club of Kolkata. (PR)

        Kickoff Futsal hammered Chaur Recreation Centre 7-1 to maintain their lead at the top of the Group ‘A’ during the Red Bull National Futsal League on Monday.

        Man-of-the-match Rajin Pandey struck a hat-trick, while Prabesh Joshi scored twice and Arush Singh and Bijay Shrestha added one goal each for the home team. The victory meant Kickoff lead the pool with 12 points.

        In the Group ‘B’, Tahachal battled to a 4-3 win over Samakhushi Futsal 4-3. Bishal Gurung, Sunil Basnet, Binay Maharjan and Sujit Budathoki scored for Tahachal. Sujan Maharjan and Subhash Baniya scored a goal each for Samakhusi, while they got the third goal courtesy an own. Bishal of Tahachal was adjudged the man-of-the-match. Tahachal lead the pool with nine points from four games.

        The highest cash-prized futsal tournament of the country will give away Rs 1 million to the champions. The runners-up will walk away with Rs 500,000 in the event participated in by 16 teams. The best player and the best goalkeeper of the tournament will receive Rs 50,000 each.

        BG Brothers recorded their first win in the Red Bull National Futsal League with a 7-1 hammering of Kirtipur Futsal on Sunday.

        Played at the own home court, Akash Lama and Rajendra Deula both scored hat-tricks to help open their team’s account in the league. Prakash Tamang scored another goal for the hosts. Apex Maharjan pulled a consolation goal for the visitors. Lama was named man-of-the-match.

        Hosts Baneshwor Recreation Centre were held to a 5-5 draw by visiting Adarsha Futsal. Man-of-the-match Kurfew Rasaili struck a hat-trick and Manish Rana scored another goal for Baneshwor, who also got another goal courtesy an own goal.  Samir Karki and Raju Budathoki scored braces and Utsav Rana added another goal for Adarsha.

        Kickoff Futsal lead the Group ‘A’ standings with nine points, while Sankhamul Futsal are atop the Group ‘B’ standings with six points. Kumari and Tahachal also have six points each in the group.

        In all, 16 teams are taking part in the tournament organised by the AMA Events. The champions will earn Rs 1 million and runners-up will walk away with Rs 500,000. The best player and the best goalkeeper of the tournament will receive Rs 50,000 each.




        The High Court on Friday cleared All Nepal Football Association (Anfa) to go ahead of with its scheduled election that will elect president and vice-president on October 24.

        The court had on September 30 issued a stay order to halt the election procedure responding to a writ petition filed by referee committee’s Binod KC and the football governing body’s former general secretary Lok Bahadur Shahi. The duo had filed the writ claiming that the impending election was illegitimate. The court had summoned five defendants, including Sports Minister Daljit Shripali, National Sports Council Member Secretary Keshav Bista and Anfa, on  Oct 21.

        Acting Anfa president Narendra Shrestha and vice-president Karma Tshiring Sherpa are fighting for the top post in the football governing body. The regional football governing body— the Asian Football Confederation—had directed Anfa to hold elections for new president after Fifa slapped a 10-year ban on disgraced former president Ganesh Thapa for bribery and corruption.

        The Anfa general assembly will also elect a new vice-president to fill the vacancy left after the demise of Lalit Krishna Shrestha, who had died over a year ago. Former national team goalkeeper/skipper Upendra Man Singh, ex-central committee member Dipak Khati and Mani Kunwar are running for vice-president post.

        Health & Style

        Fiction Park

        Some things you cannot fix

        PUNAM GHIMIRE, Oct 02 2016
        I never knew when she would appear. She’d open windows to the cold air and steal the covers from my bed. I felt sure she didn’t act alone. She had a bevy of her girls assisting her. I was really up against a force stronger than I could handle
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        Saturday Features

        Many origins of an ancient people

        Many scholars of Nepali society and culture argue that Gopal Singh Nepali’s The Newars is the first detailed work on any Nepali ethnic group. Written in the late ’50s, when the author was a scholar at Bombay University, it not only granted him a doctorate degree but also made him one of the most important names in Nepali sociology.

        Here, today

        Julia Schuster
        Here, today, sunshine and a feeling ofnew hope, wanting so much and needingyet to really sink in,to really take it all in,here. or has it all long begun?here, today unpacking the impressionslaying them out, opening them upresilience, strength, changes

        Lokman returns

        Lokman should have gone after the sharks after he took office. Then, we would have supported him, but he decided to just bully the small folks and leave the big chors alone

        A brave new world

        Avasna Pandey
        The inherent nature of power still seeks to influence the behaviour of other people. The point of departure here, however, is marked by this: if once the sword was used to influence behaviour, modern power relies on knowledge and information to do so

        Dance Sakhiya, Dance

        If you find yourself in the western region of Nepal around Dashain, there is one thing you don’t want to miss: the Sakhiya Naach.

        The Red Glass Dress

        Rachel McFadden
        There are 58 named shades of red but according to conceptual artist Ashmina Ranjit there are only two that matter.

        Preserving memories, sparking conversations

        The second iteration of Photo Kathmandu opened in Patan Museum, Patan Durbar Square on Friday, amid a crowd of artists, storytellers, the Valley’s denizens and photo enthusiasts from around the world. Now, the festival’s 12 print exhibition venues—all located around Patan’s core, and Bungamati—are open for public viewing. It will be impossible for one to go around and visit all the venues in one day, but it is certainly possible to choose a route and spend a few hours of your Saturday gazing at different images that tell different stories of different people and different spaces. We’ve come up with one that you can embark on today. It is a route that you can cover on foot, so put on your walking shoes, maybe grab a bottle of water, and start your weekend journey with Photo Kathmandu.

        Theatre of Dreams: A fortress once more

        Old Trafford has found an unlikely messiah in the once-hated Jose Mourinho as it looks to reestablish itself as an impossible venue all teams feared travelling to

        Post-Dashain syndrome!

        Offices will open but civil servants will not do any work till Tihar is over. They don’t do much during the rest of the year anyway