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
Foreign currency exchange rates: what is the price of dollars, euros and pounds?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for Thursday. According to the Central Bank, today the buying rate of one US dollar is 152 rupees 74 paisa and the selling rate is 153 rupees 34 paisa.
<...
What is the exchange rate of which foreign currency for Tuesday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Tuesday. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 142 rupees 48 paisa and the selling rate is 143...
Abolition of excise duty on 360 items, huge increase in alcohol, junk food and energy drinks
Kathmandu. The government has made extensive changes in various tax rates through the Economic Bill 2083. Presenting the budget for the next fiscal year 2083, 84, Finance Minister Swarnim Wagle informed that the excise duty levied on 360 different...
Request of the committee to make short, medium and long term plan to solve gas and food supply problem
Kathmandu. Chairman of Industry and Commerce and Labor and Consumer Welfare Committee, Rahbar Ansari, has urged the government and related agencies to move forward by making short-term, medium-term and long-term plans to solve the problems in the...
The price of gold and silver increased, now how much per tola?
Kathmandu. Today on March 3, the price of gold and silver has increased in the Nepalese market. Gold has increased by Rs 400 per tola while silver has increased by Rs 70 per tola.
The Nepal Gold and Silver Traders Federation has informed tha...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 143 rupees 97 paisa and the selling rate is 144 rupees 57 paisa. Similarly, the...