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Depositors lose billions of rupees due to lack of effective regulation of cooperatives

KATHMANDU, June 29: Depositors have lost billions of rupees due to the lack of effective regulation of cooperative institutions by the government. Due to the lack of effective regulation of cooperatives, deposits worth billions of rupees are at risk after several cooperative operators invested recklessly. ....

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DoC turns stern on cooperatives found embezzling money of depositors

KATHMANDU, May 1: The Department of Cooperatives (DoC) has started taking stern measures against the operators of cooperatives amid growing complaints of anomalies in this sector. ....

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Cabinet moves to proceed with criminalising predatory lending

Decides to amend the criminal code. Although the existing civil code allows victims to file a case against unscrupulous lending, the law does not specifically mention such lending. ....

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NBCC to construct CHC building in Seyochung

Dimapur, Nov. 13 (EMN): National Building Construction Corporation Ltd. (NBCC) has committed to construct a community health centre (CHC) building in Seyochung sub-division under Kiphire district with an amount of INR 2.35 crore as part of their corporate social responsibility (CSR). An update from EAC of Seyochung, Moasunep K Jingru, stated that the company would also provide x-ray machine, ultra Sound, ECG, USG machine etc. and a BSL ambulance in their second phase. He added that with the execution of the project, the CHC Seyochung would be one of the most well-equipped health centers in the whole of Nagaland and Northeast. It stated that the company was committed to building such health facilities in the most isolated and remote parts of the country so as to ensure effectiveness of CSR implementation. It mentioned that most of the companies do not invest CSR in Nagaland and other Northeastern states. It was made known during the first “CSR and Investment Conclave 2022” by ....

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