Stories By 'Rajesh Khanal'
The first investment summit the government organised in March 2017 had ended on a high note, drawing investment commitment worth $13.5 billion from six countries.
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The government’s effort to check market anomalies by imposing cash penalty against wrongdoers is proving ineffective, as many shopkeepers are still being found ignoring government rules.
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Nepal Stock Exchange (NEPSE) index last week shed 14.89 points to close at 1,140.57 points, as investors rushed to book profit after two weeks of increasing share prices.
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The government has been working to simplify the public procurement process in a bid to boost spending on development projects, but it has not been able to achieve the desired result mainly because local units are not connected to the e-government procurement system and an effective oversight agency is lacking.
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The government is preparing to triple the insurance coverage for road accident victims in case of death to Rs1.5 million.
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In a bid to facilitate the implementation of electronic cargo tracking for third country imports, Nepal Rastra Bank has allowed commercial banks to issue payment instruments in foreign currency for cargo transported by railway to Birgunj dry port and Biratnagar customs point only.
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