Nepal | July 10, 2020

Govt to designate watchdog for money laundering

Himalayan News Service
Share Now:

Kathmandu, December 26

The government has decided to designate a regulatory body for prevention of money laundering through financial institutions and due to oversight of non-financial business and professionals.

Speaking at a press conference organised in Singha Durbar today to disclose the 23 December meeting of the Council of Ministers, Minister of Communications and Information Technology Gokul Prasad Baskota, who is also the government spokesperson said it would come into force upon publication of a notice in the Nepal Gazette. The Cabinet has approved the Public Procurement (Ninth Amendment Rules)-2019.

Minister Baskota said the government would also prescribe an agency and pattern for the implementation of Small-scale Development Project agreed by Nepal and India. A five-member talks team led by joint secretary of International Economic Cooperation Division at the Ministry of Finance has been formed to hold dialogues with Accredited Entity of FAO to receive USD 39.3 million in grant assistance to be provided by Green Climate Fund.

In yet another decision, the government has granted permission to fix the purchase price of sugarcane at Rs 563.56 per quintal for the fiscal 2019-20.

The Cabinet has also granted approval for the Ministry of Home Affairs to formulate new Arms and Ammunition Bill.

Dr Chandramani Adhikari has been appointed executive director of the Shahid Gangalal National Heart Centre.

The government has also decided to nominate Dr Harihar Wosti, Dr Sandhya Chapagain, Dr Suprabhat Shrestha and Dr Pranit Pokhrel as members of the Nepal Medical Council, while Dr Krishna Prasad Adhikari was nominated its registrar.

The Cabinet has decided to approve a proposal for procurement of equipment related to security printing under government-to-government model. Governments of France and Germany have submitted their proposals for the procurement deal.


A version of this article appears in print on December 27, 2019 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Silva shines as Man City thrash Newcastle 5-0

MANCHESTER: David Silva scored one goal and made two more as Manchester City put on a passing masterclass to overwhelm Newcastle United with a 5-0 Premier League victory on Wednesday. Having announced that he will leave the club at the end of this season after a 10-year spell, the 34- Read More...

Salah double keeps Liverpool on track for points record

BRIGHTON: Mohamed Salah scored twice as champions Liverpool moved on to 92 points with a 3-1 win at Brighton and Hove Albion in the Premier League on Wednesday. The victory kept Liverpool on target to secure a record Premier League points tally, with Juergen Klopp's side needing nine from Read More...

Adequate social security key to minimise impact of COVID-19, says PM Oli

KATHMANDU, JULY 8 Prime Minister KP Sharma Oli said protection of the most vulnerable, including migrant workers and those in informal sectors, and provision of adequate social security and health care was the key to minimise the impact of COVID-19. Addressing virtual ‘Global Summit on COVID Read More...

Suarez scores as Barca condemn Espanyol to relegation

Barca beat Espanyol 1-0 in city derby Suarez won the match with his 195th goal for the club Espanyol were relegated after 26 years in La Liga  BARCELONA: Barcelona kept up their pursuit of leaders Real Madrid in the La Liga title race by beating city rivals Espanyol 1-0 at home Read More...

Coronavirus pandemic affects Nepal’s sovereign credit rating process

KATHMANDU, JULY 8 The country’s sovereign rating assessment is likely to be delayed due to the coronavirus pandemic. Though the government had awarded Fitch Ratings, a United States-based international credit rating agency, to study and confirm Nepal’s sovereign credit rating in December l Read More...

Human rights awareness, Human rights education

‘Respect rights of vulnerable people’

KATHMANDU, JULY 8 International partners, civil society and humanitarian organisations have been working together to support the Government of Nepal’s response to the COVID-19 crisis, read a joint press statement issued by United Nations, various embassies and international agencies in Nepal to Read More...

SP-N notifies EC of Giri’s expulsion

KATHMANDU, JULY 8 Samajwadi Party-Nepal today wrote a letter to the Parliament Secretariat stating that it had expelled lawmaker Sarita Giri from the House of Representatives. Assistant Spokesperson for the Parliament Secretariat Dasharath Dahamala said his office would inform Speaker Agni Pra Read More...

Man held for swindling job aspirants of hefty amount

Swindler allegedly offered ‘fake offer letters’ to victims  KATHMANDU, JULY 8 Police have arrested Bijay Pandey, 34, on charge of swindling lakhs of rupees from at least seven persons on the pretext of securing them employment at World Health Organisation’s Nepal office. Pandey, who ha Read More...