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, now how much per tola?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has gone up by 800 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being traded at 284,000 rupees per tola today. Today, the price of gold per...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Wednesday. The value of the US dollar has increased according to the fixed exchange rate. The buying rate of one US dollar is 149 rupees 31 paisa and the selling ra...
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...
The price of gold increased, how much per tola on Sunday?
Kathmandu. The price of gold has increased in Nepali market today. Gold rose by 3,500 rupees per tola in one day. According to the Nepal Gold and Silver Traders Federation, gold is being traded at Rs 3 lakh 16 thousand 900 per tola today. On the o...
The price of gold and silver decreased, how much is the transaction going on today?
Kathmandu. The price of gold and silver in the Nepali market has declined on Wednesday. According to the Nepal Gold and Silver Traders Federation, today the price of gold has decreased by 1 thousand 100 rupees per tola. Along with this, on Wednesd...
Mandatory 45 percent discount for students on public transport
Kathmandu. The government of Nepal has again given strict instructions to implement the 45 percent fare discount for students on public transport. The Department of Transport Management under the Ministry of Physical Infrastructure and Transport h...