Money

Indian sugarcane hitting Nepali farmers’ income

NABIN POUDEL, Feb 23 2018

Sugarcane farmers of Nawalparasi district are being affected by the massive inflow of Indian sugarcane which enter the country via the porous border. This means that Indian sugarcane avoid paying customs duty and is priced lower than Nepali farmers produce.
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Govt revenue collection jumps 20.5 percent

Post Report, Feb 23 2018

The government’s revenue collection jumped 20.5 percent in the first seven months of the current fiscal year, as collection of value added and income taxes, and customs and excise duties, which account for a big chunk of state’s income, went up.
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Chinese planes sit idle as NAC looks for pilots

Post Report, Feb 23 2018

It seems to be standard practice for Nepal Airlines Corporation (NAC) to get the planes first and find the pilots to fly them later.
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Government to fix max residue limit for fruits and vegetables

Post Report, Feb 23 2018

The government has begun work to fix the maximum residue limit (MRL) for locally grown and imported fruits and vegetables in a bid to ensure that contaminated products that pose a risk to human health do not reach the market.
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Power distribution system to be outdated in 2 years

Post Report, Feb 23 2018

The existing electricity distribution system in the Kathmandu Valley will not be able to handle the increased load in the next two years, and power cuts will have to be imposed if the network is not improved immediately, the Nepal Electricity Authority (NEA) said.
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Two former NTB officials jailed in corruption case

Post Report, Feb 23 2018

The Special Court on Thursday convicted two former officials of Nepal Tourism Board (NTB) and a tourism entrepreneur on corruption charges.
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