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.
Express
Related News
What is the foreign currency exchange rate in dollars, euros and pounds?
Kathmandu. Nepal Rastra Bank has published the official exchange rate of foreign currencies for today. According to the new rate determined by the Central Bank, today the buying rate of one US dollar is 152 rupees 60 paisa and the selling rate is...
Are you exchanging foreign currency? Know today's official rate
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the determined exchange rate, the buying rate of one US dollar is 145 rupees 27 paisa and the selling rate is 145 rupees 87 paisa.
Sim...
Riders of Pathao and Indrive must take mandatory PAN
Kathmandu. The government has brought ride-sharing services such as Pathao and InDrive under the ambit of taxation and implemented a new legal arrangement related to Value Added Tax VAT.
The Internal Revenue Department has issued a public no...
High increase in gold prices, how much per tola on Friday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola increased by 5 thousand 300 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at 292,000 rupees per tola today.
On th...
Reduced airfare
Kathmandu. With the decrease in the price of air fuel, the Civil Aviation Authority of Nepal has reduced the minimum fare for domestic air passengers. After Nepal Oil Corporation reduced the price of aviation fuel by 6 rupees per liter from Januar...
The prices of the US dollar and the euro have increased; what about the others?
Kathmandu. Today, the prices of the US dollar and the euro have increased. According to the Nepal Rastra Bank, the buying rate of one US dollar today is 151.85 and the selling rate is 152.45. On Monday, the buying rate was 151 rupees 56 paisa and...