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Monthly Archives: July 2017

Ncell has fully cleared its tax liability


In relation to decision of Nepal Rastra Bank to restrict Axiata from repatriating its dividend until issue of capital gains tax related to Ncell deal is settled, Malaysian telecom giant Axiata and owner of Ncell on Thursday issued a statement saying the Large Taxpayers’ Office of Nepal has already confirmed …

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Sunrise Pays Accidental Insurance

Sunrise Bank has paid compensation to a depositor under the bank’s ‘depositor’s accident insurance arrangement’ scheme. The bank handed Rs 5,00,000 to the next-in-kin of Hari Timsina, an account holder of the bank who died in a road accident. Pramod Kumar Das, manager of Surunga branch of the bank, handed …

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NIBL acquires ACE

Nepal Investment Bank Ltd. (NIBL) has started a joint operation after the acquisition of Ace Development Bank (ACE) from Thursday. After acquiring the Ace Development Bank, the total paid-up capital of NIBL has reached to 9.24 billion which is highest among others private sector commercial banks. The Management Committee and …

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Malawi hails Madonna’s ‘motherly spirit’ at opening of new hospital


BLANTYRE: Madonna was hailed as a “symbol of a motherly spirit” by Malawi President Peter Mutharika after the American singer opened a children’s hospital named after her adopted daughter Mercy James. The Mercy James Institute for Paediatric Surgery and Intensive Care located in Blantyre, Malawi’s second-largest city, is the first …

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Nepathya to perform in Sydney after their concert in Adelaide


Popular Nepali music group Nepathya staged its second show of the ongoing Australia Tour at the Norwood Concert Hall in Adelaide, where it enthralled the Nepali fans with its popular numbers, on Saturday. Compared to Melbourne and Sydney, Adelaide has a smaller population of Nepalis. However, almost 1000 people had …

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Actor Tom Hanks to receive award for work reflecting US history


For his work in films reflecting US history such as “Saving Private Ryan,” “Apollo 13” and “Bridge of Spies,” actor Tom Hanks has won this year’s Records of Achievement Award, the National Archives Foundation said on Monday. Hanks, 61, will receive the award, given to individuals who bring a broad …

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UML further consolidate its nationwide strength


By Our Reporter Against the expectation of the ruling Nepali Congress and the Maoist Centre, the CPN-UML emerged as the largest party  winning the largest number of  Gaunpalika (Rural Municipality) chairmen and municipality mayors in the second round of local polls held on June 28. The party had emerged largest …

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Sparks of Gorkhaland movement reach New Delhi

By Our Reporter The Gorkhaland movement launched for the creation of a separate hill state in Darjeeling has entered the fourth week with the death toll increasing to six. Although the state government of West Bengal has imposed a food blockade in the hills, the Gorkhaland Movement Coordination Committee, a …

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Cabinet expansion delayed due to rift in NC


By Our Reporter Prime Minister Sher Bahadur Deuba has been unable to expand his cabinet even in six weeks after he was elected to the top post on June 6. The growing rift between two factions– the Ram Chandra Poudel-led faction and Deuba-led group within the NC is attributed for …

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Former King’s birthday observed

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By Our Reporter The country is practicing “loktantra” by adopting secularism, federalism and republicanism, whereas, in the same country, people are observing the former king’s birthday with great fanfare. On 7 July, thousands of commoners went to Nirmal Niwas to wish birthday greetings to former His Majesty King Gyanendra on …

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