Asset confiscation, bank account freezing and foreign travel ban if the co-operative fund is not returned
-
Media Baaji
- Sat, 4 July 2026
Kathmandu. To make the cooperative sector more orderly, transparent and accountable, the government has brought forward a new process through the bill. The government passed the Cooperatives First Amendment Bill, 2083 in the House of Representatives and proceeded with the process of reforming the policy issues seen in the cooperative sector. In particular, comprehensive reforms will be made in relation to deposit refund, regulation, registration process and scope of work.
A bill has been introduced to bring the directors and managers involved in misappropriation and embezzlement of cooperative savings funds under the strict legal framework.
The government has also said that by confiscating the property of the guilty operators and speeding up the debt recovery process, the money of the victim savers will be returned.
Related News
National Life gave 1 day training to the agents of Koshi region
Kathmandu. National Life Insurance Company Ltd. has provided 1 day training to the group of agents who have been working in different branch offices in Koshi province. International trainer Syed Alfaz Ahmed provided training to 120 agents who were...
Unseasonal rain in Morang has reduced paddy production, farmers are worried
Morang. In terms of rice production, Morang district, which is considered to be the best in the country, has seen a decrease in rice production this year due to unseasonal rains. Compared to last year, the production o...
Today is the exchange rate of foreign currency, how much of which country?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the National Bank, the value of the US dollar has increased. The buying rate of one American dollar is fixed at 140 rupees 47 paisa and the s...
1 Crore more income from selling Bajura's organic apples
Bajura. An income of more than 1 crore has been earned from the sale of organic apples produced in Bajura. The apple farmers here have earned an income of 15 million rupees by selling apples. The amount was collected from the sale of apples produc...
The euro and pound fell, while the Australian dollar and Bahraini dinar rose
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Friday. Today, while the exchange rate of the US dollar and the Kuwaiti dinar remained stable, currencies including the Bahraini dinar and the Australian dolla...
NEPSE decreased by 10.53 points today, turnover of 4 billion 77 crores
Kathmandu. On the second trading day of the week, the NEPSE index decreased by 10.53 points and remained at the point of 2622.88. During the day, 1337 thousand 307 shares of 337 companies were bought and sold, and 4 billion 774 million shares were...