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‘Big fishes’ involved in gold smuggling restless: Home Minister Thapa

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Home Minister Ram Bahadur Thapa has said that ‘big fishes’ of the gold smuggling racket have become restless as the investigation into the case is coming to a conclusion. Speaking during a press meet organised to inform about his first 100 days in the office in the Capital on Wednesday, Minister Thapa said that the deadline of the committee formed ... Read More »

Chinese woman arrested in 22 kg gold smuggling case

A Chinese citizen has been arrested in connection with the 22 kg gold smuggling case from the Tribhuvan International Airport. J Jhong (passport no. E 37476987), who arrived in Nepal boarding a Chinese aircraft via Chendu, was arrested after the immigration department discovered that her name had been “blacklisted”. A police team deployed from the Central Investigation Bureau (CIB) on ... Read More »

33 kg gold smuggling case: ‘Big fish’ still elusive as panel deadline expires

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The deadline of the panelformed to probe the 33kg gold smuggling case and subsequent murder of Sanam Shakya, an alleged gold carrier, expires. The government had formed a special probe committee on under Joint Secretary at the Home Ministry Ishwor Raj Paudel. The deadline ended even as the task force is reportedly pursuing the ‘big fish’ involved in the case. ... Read More »

33 kg gold smuggling: Court begins recording statements of accused http://bit.ly/2HQO5iX

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The Morang District Court started recording statements of six of the 63 accused in 33 kg gold smuggling case and the subsequent murder of Sanam Shakya, an alleged smuggler. However, the recording of the statement will continue on Friday as it could not be completed today. Registrar of the District Court Nawaraj Dulal said the Court started to record statements ... Read More »

Five Indians arrested for smuggling gold in Nepal

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Five Indian nationals were on Wednesday arrested for being in possession of over 3 kg of smuggled gold, worth whopping Rs 14.7 million, at the international airport here, police said. The accused had concealed the gold in their suitcases’ wheels. “This was an innovative idea to smuggle the gold… It has been seen for the first time,” said Superintendent of ... Read More »

33 kg gold smuggling case: Court begins recording Gore’s statement

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The District Court Morang has started recording statement of Chudamani Upreti, alias Gore, the alleged mastermind of the 33 kg gold smuggling case. While recording the statement, Gore said that he was innocent and was framed. Gore revealed that many other persons are also involved in the gold smuggling racket, a source said. A single bench of District Judge Narayan ... Read More »

33 kg gold smuggling case: Gore’s another accomplice nabbed from TIA

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Police arrested another accomplice of Chudamani Upreti aka Gore, the alleged mastermind of 33 kg gold smuggling case and subsequent murder of Sanam Shakya, an alleged carrier of smuggled gold who was electrocuted to death. Ram Kumar Tiwari, who landed in Kathmandu from South Korea, was arrested from the immigration office of Tribhuvan International Airport (TIA) this afternoon. In the ... Read More »

China, Nepal to build Tibet-Kathmandu rail link: Reports

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BEIJING: China and Nepal have agreed to build a railway connecting Tibet with Kathmandu, among a raft of deals signed during the Nepali prime minister’s visit to Beijing. Nepal is seeking closer ties and much-needed energy and infrastructure investment from China, which has flexed greater economic and diplomatic muscle in its Himalayan neighbour in recent years. Beijing’s growing presence has ... Read More »

Nepal, China sign 8 deals worth $2.24 billion

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Nepal and China on Wednesday signed eight agreements worth $2.4 billion on the second day of Prime Minister K.P. Sharma Oli’s visit. These agreements were reached between the two governments and private sectors where Chinese investors will put money on developing hydroelectricity, water resources, cement factories and fruit cultivation and farming. The signing ceremony took place at the Nepal Embassy ... Read More »

Elite Gurkhas from Nepal deployed to secure Trump-Kim summit

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To protect one of the highest-profile diplomatic events so far this century, Singapore has enlisted the help of its fearsome Nepalese fighters whose large curved knives, according to custom, must “taste blood” whenever they’re drawn. Wearing brown berets and equipped with body armour and assault rifles, the elite Gurkha police officers are a conspicuous part of the enveloping security force ... Read More »

Finance minister asks JV banks to bring in capital

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Kathmandu, The foreign joint venture banks operating in the country have been asked to bring in capital from their partner banks for smooth flow of credit in the economy. Even after Nepal Rastra Bank (NRB) has allowed the banks to bring loans from foreign banks to invest in infrastructure and productive sectors, the banks are not making an effort to ... Read More »

Cheaper fuel prices in Nepal spur smuggling

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MOTIHARI/SITAMARHI/ARARIA: People in the bordering areas are getting their vehicle tanks filled with petrol and diesel in Nepal because of lower prices compared to Bihar. The high prices in the state have also led to cross-border smuggling of petroleum products from Nepal. Mahesh Agrawal, a senior member of Chamber of Commerce at Raxaul, told this newspaper that petrol was Rs83.57 ... Read More »

Court records statements of 27 GOLD SMUGGLING CASE

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Of the 30 persons so far arrested and charge-sheeted in connection with the smuggling of 33 kg gold and a related murder, Morang District Court has finished recording the statements of 27 of the accused. Earlier, District Government Attorney Office, Morang, had filed organised crime, smuggling, hostage taking and murder cases against 63 persons, including seven incumbent policemen. Of the ... Read More »

Nepal’s Maoists, liberal communists unite as biggest left party

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KATHMANDU: The main group of Nepal’s Maoist former rebels and the liberal Communist UML party merged on Thursday to form the Himalayan republic’s biggest left party in a move likely to upset southern neighbour India but have China rejoicing. Officials said the two constituents of the ruling coalition had formed the Nepal Communist Party, which now heads the nation’s first ... Read More »

Import duty on rice may be hiked to 15pc

Local traders clearing their goods at Birgunj Customs Office, in Parsa, on Sunday, July 31, 2016. Photo: Ram Sarraf

KATHMANDU: The government is preparing to raise customs duty on rice, especially branded rice that comparatively costs higher in the domestic market. The Ministry of Agriculture, Land Management and Cooperatives has recommended to the Ministry of Finance to raise customs duty on imported (branded) rice by 10 per cent to 15 per cent through the upcoming budget for the fiscal ... Read More »

Non-explosive licence for Nepali gas bullets in limbo

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The long-pending issue regarding issuance of non-explosive certificate to Nepali gas-ferrying bullets was unresolved during the two-day visit of Indian Prime Minister Narendra Modi to Nepal. Expressing deep concern over the inability of the government to raise this issue during PM Modi’s visit to Nepal, domestic liquefied petroleum gas (LPG) bottlers said that the government seems to be in no ... Read More »

World Bank extends budgetary support worth Rs 27.65 billion

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Kathmandu: The International Development Association of the World Bank Group has agreed to provide concessional loan of $200 million under the First Programmatic Fiscal and Public Financial Management Development Policy Credit (DPC) in budgetary support and $66 million for Rani Jamara Kulariya irrigation scheme. The agreed total amount worth $266 million is equivalent to approximately Rs 27.65 billion. Rajan Khanal, ... Read More »

Nepal’s per capita income crosses 1,000 USD in 2017-18 fiscal year

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KATHMANDU: Nepal’s per capita income is estimated to have crossed 1,000 U.S. dollar mark for the first time, a major boost for the country which has targeted to upgrade from the least developed country to a developing country by 2022, Nepal’s Central Bureau of Statistics (CBS) said Wednesday. According to CBS, the country’s central agency for the collection, consolidation, processing, ... Read More »

Nepal’s per capita income crosses 1,000 USD in 201718 fiscal year

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KATHMANDU:  Nepal’s per capita income is estimated to have crossed 1,000 U.S. dollar mark for the first time, a major boost for the country which has targeted to upgrade from the least developed country to a developing country by 2022, Nepal’s Central Bureau of Statistics (CBS) said Wednesday. According to CBS, the country’s central agency for the collection, consolidation, processing, ... Read More »

Customs formalities for Nepal bound cargoes at Indian ports to ease

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KATHMANDU: Nepal to seek facilitation of Indian customs office at its port six decades ago when it started trading with third countries. Time has changed now,” Ashok Temani, president to Road Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI). “India might have been concerned about its security and revenue back then. But these ... Read More »