Page 2 - Technology Transfer Act News Today

KATHMANDU, April 22: The government has decided to introduce an ordinance to amend several Nepal Acts related to investment facilitation. In a meeting of the Council of Ministers held on Monday, it was decided to submit this ordinance to the President for issuance.

KATHMANDU, April 20: Despite the private sector’s recommendations to amend about two dozen laws to promote both foreign and domestic investment in the country, the government has yet to make any amendments. With only nine days remaining for the start of the Nepal Investment Summit-2024, where the government aims to attract foreign investment, the private sector is worried due to the absence of legal reforms.

Nepal must ruthlessly review its dismal performance in attracting a sizable foreign direct investment.

KATHMANDU, March 29: Raj Kishor Yadav, chairman of parliament's International Relations and Tourism Committee, has said that there is a need for collaboration among relevant agencies to promote tourism and the air transport sector.

KATHMANDU, Feb 18: The government approved foreign direct investment (FDI) worth Rs 22.68 billion in the first seven months of the current fiscal year.

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KATHMANDU, Feb 9: The government is considering revising over a dozen laws to facilitate an enabling environment for potential investment ahead of the upcoming Nepal Investment Summit 2024.

KATHMANDU, Feb 8: The House of Representatives (HoR) on Wednesday endorsed the Anti Money Laundering and Business Promotion Bill. The move is likely to avoid Nepal falling in the greylist of the Financial Action Task Force (FATF).

Finance Minister and Coordinator of Investment Summit Steering Committee, Dr Prakash Sharan Mahat, has said inquiries of the international investors to invest in Nepal have been received.

KATHMANDU, Feb 2: Representatives of international chain hotels operating in Nepal have demanded immediate amendments to the Foreign Investment and Technology Transfer Act (FITA).