Govt allows CIT to increase paid up capital

KATHMANDU: The government has permitted the Citizen’s Investment Trust (CIT) to increase its paid up capital. Minister for Communications and Information Technology, Rekha Sharma, shared that the government had permitted CIT to increase the paid up capital of Rs 5.31 billion. Minister Sharma, who is also the Spokesperson of government, shared this information at a press conference in the ministry on Wednesday.

Similarly, the government decided to permit the entry of the 7th periodic report of Convention on the Elimination of All Forms of Discrimination against Women (CEDAW), 1979. She also said the recent cabinet meeting decided to permit Deputy Prime Minister and Minister for Defense, Purna Bahadur Khadka, to participate in the 8th NRNA Middle East Regional Conference as a chief guest. The event is being held in Oman.

The action plan relating to the implementation of bilateral labor agreement between the government and the UK has been endorsed. Chief of the district coordination committee in Myagdi, Ram Kumar Thapa’s imminent visit to Chhendu of Sichuan Province of China has been approved by the government. Thapa will be attending a workshop on business.

Moreover, all district courts will be given authority to register the case and settle it in relation to the crimes as mentioned in Chapter 9 of Electronic Transaction Act, 2023. The district courts are further authorized to handle the crimes listed in Section 3 (c) of Banking Crime and Punishment Act, 2064.

As per government decision, a team will be formed to restore border pillar 51 (1) in the right spot of Tatopani/Jhangmu along the Nepal-China border. The Cabinet meeting also decided to write off the tax to be paid while handing over the land owned by ‘Giranchaur integrated model settlement reconstruction and tourism promotion project’. RSS

Fiscal Nepal |
Thursday June 22, 2023, 01:58:19 PM |

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