Stories Tagged 'Syndicate'
The government has moved ahead with formation of a task force as per the agreement reached with the transport entrepreneurs, putting an end to the stalemate between the two sides.
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Minister for Industry, Commerce and Supplies Matrika Prasad Yadav has made it clear that all kinds of syndicate in the agencies under his ministry will be abolished.
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The scrapping of more route permits and the arresting of protestors involved in the recent nationwide strike called by the Federation of Nepalese National Transport Entrepreneurs (FNNTE) has only reinforced the government’s decision to end the cartel system in public transportation.
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Prime Minister KP Sharma Oli has said the crackdown on transport committees running the syndicate system and failing to provide quality service to the general public is just the beginning, as the government is working to break syndicates that prevail in other sectors.
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Top office bearers of bus operators’ committees, detained as part of the government’s crackdown on public transport syndicates, were released on Sunday after they committed in writing to complying with the laws and the government’s policies.
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The public transport entrepreneurs who halted their service on Friday in protest against the government's decision resumed their service on Saturday
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Continuing its broader crackdown on the transport syndicate, the government has decided to freeze bank accounts of various transport committees running syndicates and to subject transport entrepreneurs to probe by the Department of Money Laundering Investigation to see if they have earned money illegally.
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