HomeBusinessReturn of Cooperatives deposits not from state funds: Minister Rawal

Return of Cooperatives deposits not from state funds: Minister Rawal

KATHMANDU:- Minister for Land Management, Cooperatives, Federal Affairs and General Administration Pratibha Rawal has made it clear that not a single penny has been spent from the state treasury so far in the return of the savings of the depositors of problematic cooperatives institutions.

Responding to queries from MPs on various headings of her Ministry under the Appropriation Bill, 2083 at the House of Representatives today, Minister Rawal said in the last three months alone, amount worth Rs 5.94 million of 1,452 small savers with a deposit of Rs 10,000 or less from eight problematic cooperative organizations have been returned. “The amount was recovered from the directors, managers, members of the accounts committee and loan subcommittee of the concerned cooperatives.”

On a different context, the Minister said that the government is actively working to end the anomalies and anomalies seen in the financial cooperatives sector. The local levels, which have relatively weak nutritional status, have been given more priority in relation to the regional differences seen in the nutrition cluster.

Minister Rawal said that a draft bill to make provisions regarding the formation, operation and conditions of service of the federal civil service has been prepared and sent to the Ministry of Law, Justice and Parliamentary Affairs for suggestions.

“After receiving the ministry’s opinion, the bill regarding the formation, operation and conditions of service of the federal civil service will be presented to the parliament as per the due process.” (RSS)

Share to social media

Latest News

Nepal urges Saudi Arabia to suspend skill verification process for migrant workers

KATHMANDU:-Nepal has urged Saudi Arabia to suspend the skill verification process for Nepali workers....

Trossard, De Bruyne score and Belgium defeats New Zealand 5-1 to advance at the World Cup

By ANNE M. PETERSON, VANCOUVER, British Columbia (AP):- With a flurry of of goals, Belgium...

Egypt star Mohamed Salah leaves 1-1 World Cup draw with Iran due to left knee injury

SEATTLE (AP):-  Former Liverpool standout and Egypt forward Mohamed Salah left Friday night’s 1-1 draw...

Bird flu on the rise in Kathmandu: Infection confirmed in 82 locations across 11 districts

KATHMANDU:- The bird flu (H-5N-1) infection that has been seen in the Kathmandu Valley for...

More like this

Discussion held on expanding investment and tourism opportunities in Nepal 

LHASA:- Investment, trade and tourism opportunities in Nepal, along with ways to further strengthen...

Tea industries reopen after government’s assurance

KATHMANDU:- Nepal Tea Producers’ Association has decided to resume the tea industries which were...

Birgunj Metropolitan City unveils budget over Rs 4.423 billion

BIRGUNJ:- The Birgunj Metropolitan City has unveiled its budget amounting to Rs 4.423 billion for...