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12 Troubled Cooperatives Refund Savings to 235 Depositors

12 Troubled Cooperatives Refund Savings to 235 Depositors

Published about 11 hours ago

The Troubled Cooperatives Management Committee in Nepal has successfully refunded savings to 235 small depositors across 12 troubled cooperatives. According to the committee, this initiative was funded by recovering loans and managing assets from these distressed institutions. Prioritizing small-scale depositors in the first phase, the committee aims to gradually refund other depositors based on their savings amounts in a systematic categorization. This continuous legal process ensures that victims of financial fraud and cooperative mismanagement receive their hard-earned money back as per prevailing laws.

Nagarik News
Trademark registration of 'Perfect Center Fillz' cancelled

Trademark registration of 'Perfect Center Fillz' cancelled

Published about 12 hours ago

On October 12 in Kathmandu, Nepal, the Department of Industry cancelled the trademark registration for 'Perfect Center Fillz' chewing gum, owned by Perfect Foods Pvt. Ltd. based in Duhabi, Sunsari. This action followed a crucial Supreme Court ruling (case no. 077-CI-0301) which determined that the mark was confusingly similar to the well-known 'Center Fruit' trademark belonging to the Italian confectionery giant Perfetti Van Melle S.p.A. The court emphasized that trademark evaluation must consider overall visual appearance, pronunciation, and market impression rather than just individual words. Legal experts view this decision as a major step toward strengthening intellectual property rights and protecting established brands from infringement in Nepal under the Patent, Design and Trademark Act, 2022.

Himalayan Times
Pokhara Sets Up Markets for Dashain Chyangra Sales

Pokhara Sets Up Markets for Dashain Chyangra Sales

Published about 16 hours ago

Ahead of the Dashain festival, Pokhara has received approximately 14,800 mountain goats (bheda-chyangra) from high-altitude districts including Mustang, Darchula, Bajhang, Bajura, and Dolpa. Special markets have been established at Simpani and Hemja in Pokhara for selling these animals. A joint monitoring team consisting of the Livestock Service Branch, Veterinary Hospital, and Animal Quarantine Office has launched inspections to ensure the health and safety of the livestock, reporting most animals to be healthy. Currently, chyangras are being sold at up to Rs 1,250 per kg and sheep at Rs 70. Traders reported facing transportation challenges due to continuous rains and landslides this year. Authorities have advised consumers to carefully check the health of the animals before purchase.

Rato Pati
Finance Minister Wagle Departs for Bangkok Today

Finance Minister Wagle Departs for Bangkok Today

Published about 19 hours ago

Finance Minister Dr. Swarnim Wagle is set to depart for Bangkok, Thailand, today to attend the joint annual meetings of the World Bank Group and the International Monetary Fund. Departing via Thai Airways from Tribhuvan International Airport at 1:30 PM, Minister Wagle will participate in over 16 bilateral and multilateral discussions with global financial leaders. He is accompanied by a delegation including Finance Secretary Dr. Ghanshyam Upadhyaya and Joint Secretary Amrit Lamsal. The Finance Minister is scheduled to return to Nepal on Kartik 4, engaging in crucial international economic dialogues aimed at strengthening financial cooperation.

Nagarik News
Malaysia Employment Uncertainty After Nov 5 Amid Standoff

Malaysia Employment Uncertainty After Nov 5 Amid Standoff

Published 1 day ago

This article, written by Nirmala Ghimire and published on October 27, raises critical concerns about the future of employment opportunities for Nepali workers in Malaysia following a geopolitical and diplomatic standoff between the two nations. Despite high-level prime ministerial dialogues and formal diplomatic notes sent by Nepal, Malaysia has reportedly refused to backtrack on its latest decisions. The piece highlights the growing anxieties surrounding foreign employment, which is a crucial pillar of Nepal's economy. Along with this central news report, the page features a diverse collection of opinion pieces, literary essays, and commentaries addressing contemporary political challenges, business ethics, cultural reflections, and social issues surrounding the festive season.

Setopati
NEPSE Rises Slightly with NPR 4.73B Turnover

NEPSE Rises Slightly with NPR 4.73B Turnover

Published 1 day ago

On Tuesday, October 27, 2083 BS, the Nepal Stock Exchange (NEPSE) witnessed a slight recovery, gaining 4.12 points to close at 2,599.93 points. Despite the modest rise in the index, transaction volume saw a notable increase compared to the previous day, reaching over NPR 4.73 billion across 351 scripts. A total of 1.35 million shares were bought and sold. Market breadth remained negative, however, as the share prices of 167 companies declined, while 104 advanced and 7 remained unchanged. No company hit the positive circuit level. Ghalemydi Hydro led in transaction value with NPR 36 million. Sector-wise, five sub-indices including Banking, Development, and Insurance showed gains, while others ended in negative territory.

Annapurna Post
Lumbini Steps Up Market Monitoring and Transport Oversight for Festivals

Lumbini Steps Up Market Monitoring and Transport Oversight for Festivals

Published 1 day ago

The Lumbini provincial government has decided to intensify market monitoring and crack down on overcharging by public transport operators ahead of the upcoming Dashain, Tihar, and Chhath festivals. Chaired by Minister for Internal Affairs, Law, Industry, and Transport Bhandarilal Ahir, the Market Regulation and Trade Promotion Council meeting emphasized consumer protection, fair supply chains, and safe travel. Regular inspections will be conducted by the Office of Cottage and Small Industries, involving local administration, police, local authorities, and consumer forums to check commodity prices, quality, and prevent unfair trade practices. Additionally, traffic police will monitor public transport for fare overcharging and overloading. Helpline numbers and QR codes will be established to address consumer grievances swiftly, ensuring a smooth and safe festive season for citizens in Lumbini.

Rato Pati
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