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
The price of gold increased, how much per tola on Friday?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has increased by 3 thousand 400 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at 296 thousand 100 rupees per tola today...
The US dollar, Australian dollar and dinar rose, while the euro and pound gained more
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Thursday. Today, the exchange rate of all foreign currencies including the US dollar, Australian dollar, Euro, pound, Kuwaiti and Bahraini dinar has increased....
2nd Economic Enumeration, five days training for enumerators across the country from today
Kathmandu. A five-day training program for the enumerators selected for the second national economic census, 2082, to be conducted by the National Statistics Office, is starting simultaneously across the country from today. Enumerators are going t...
32 points decline in NEPSE, turnover of 21.5 billion
Kathmandu. The NEPSE index fell on the third trading day of the week on Tuesday. The stock market, which closed with a historic increase of 162 points the previous day, corrected by 32.08 points today. Along with this, the market index has dropped...
Foreign currency exchange rate: How much is the rupee of which country?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the rates determined by the Central Bank for today, the buying rate of one US dollar has reached 154 rupees 21 paisa and the selling...
The price of gold fell by 1200!
Kathmandu. The price of gold in the local market has decreased by 1200 per tola. According to the Federation of Nepal Gold and Silver Traders, on Wednesday, the price of one tola of printed gold has been fixed at 366,700. On Tuesday, one tola of g...