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
Taxpayer incentive gift of Rs 10 lakh on purchase of goods worth Rs 250
Kathmandu. A taxpayer has won a bumper gift for 15 days in the month of July under the Taxpayer Incentive Gift Program. A customer who purchased goods worth Rs 250 at Ma Shiv Krishna General Store of Kanchanpur Punarvas Municipality won a 15-day b...
This is the foreign exchange rate
The Kathmandu. Nepal Rastra Bank has fixed the exchange rate of foreign currency for today. According to the National Bank, the buying rate of US dollar has been fixed at 152 rupees 31 paise and selling rate at 152 rupees 91 paise. The Australian...
The US dollar and euro rose, as did other currencies
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currency for Thursday. According to the new rate set by the National Bank, today the buying rate of one US dollar is 151 rupees 46 paisa and the selling rate is 152 r...
Madhesh Pradesh CEO Club members honored by National Life
Kathmandu. National Life Insurance Company Ltd. has completed the CEO Club member honoring program at Mithila Yatri in Janakpur under the chairmanship of the company's chief executive officer. In financial year 2081-82, 77 agents who qualified fro...
The price of chicken meat has decreased
Kathmandu. The price of chicken meat has decreased in the market. The National Poultry Sales Traders Association has informed that the price of meat has been reduced with effect from Wednesday. According to the federation, the price of chicken mea...
The price of the dollar exceeded 153 rupees, the selling rate of the Kuwaiti dinar was 500 rupees
Kathmandu. Nepal Rastra Bank has announced the official exchange rate of foreign currencies for Friday. According to the new rate set by the Central Bank, today the buying rate of one US dollar is 152 rupees 96 paise and the selling rate is 153 ru...