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Cooperatives, banks urged to maintain financial risk assessment system

Kathmandu, January 30 The government has directed cooperatives and banks to maintain records of all information about their members. The government issued the directive to be effective from Monday, exactly 10 years after the Anti-Money Laundering Act was issued. As per the government directive, the cooperatives and banks are required to update the risk assessment […]

Govt body formed to promote trade with China dissolved ‘in India’s interests’: Stakeholders

Kathmandu, January 30 Stakeholders including former officials of National Trading Limited, a public company formed by the government to sell various machinery and materials on subsidised rates, claim that the government decided to dissolve the company in order to serve India’s interests. Whereas preparations were underway to authorise the company to import petroleum products from […]