Stories By 'Narayan Manandhar'
The Supreme Court finally released its written verdict two months after delivering its judgment on the capital gains tax controversy of telecommunications service provider Ncell on February 6.
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After almost six decades of political instability, Nepalis had hoped that having a stable government with a two-thirds majority in Parliament—which has been expected to last a full five-year term—would finally help us achieve the much touted dream of ‘Prosperous Nepal, Happy Nepali.’ However, the unfolding political events signal quite a different situation.
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Follwing the coordinated attacks on Ncell by the Netra Bikram Chand led-commuinist party a few weeks ago, there is now a growing concern over the worsening business environment in Nepal.
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On February 13, the Nepali media was rocked by a Rs7.8-million bribery scandal involving Raj Narayan Pathak, a commissioner of the Commission for the Investigation of Abuse of Authority.
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With the February 6 apex court verdict asking the government to recover capital gains tax from the buyers Axiata and Ncell, the Nepali media is, once again, rocked by the pending tax issue that is expected to run in billions of rupees.
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The forthcoming World Development Report 2019, a brand publication of the World Bank, is focusing on The Changing Nature of Work. The publication will reiterate the fact that there is a global concern over the changing nature of work in the 21st century. The World Economic Forum, Davos, Switzerland is already occupied with analysing the Fourth Industrial Revolution and its impact on the world of work. Similarly, the International Labour Organisation (ILO) through its Global Commission on Future of Work is also focusing on the same issue.
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