Author: space4knews

The Ministry of Land Management, Cooperatives, and Poverty Alleviation has issued a notice requiring repayment of loans from troubled cooperatives within 15 days. The notice states that if the loans are not fully repaid, the assets of borrowers and guarantors will be frozen and the collateral properties auctioned. The government has officially mandated the management committee for troubled cooperatives and has initiated processes to reimburse members’ savings. (April 21, Kathmandu)

The Ministry released the notice following the official formation of the Troubled Cooperative Management Committee. On Tuesday, the committee issued a 15-day ultimatum to directors, borrowing members, managers, employees, and guarantors associated with these cooperatives. The notice emphasized that failure to repay will result in freezing and auctioning of their properties and collateral.

The notification reads, “As per Section 104 of the Cooperative Act, 2017, the listed cooperatives have been declared troubled by the Government of Nepal (Ministry of Land Management, Cooperatives, and Poverty Alleviation) and brought under the management and liability settlement committee. Despite repeated notifications via the office website, national daily newspapers, SMS, and phone calls, the borrowers have not repaid principal, interest, and damages owed. Therefore, this notice calls upon these individuals to contact the committee office in Budhanagar, Kathmandu within 15 days from the publication date to reconcile accounts and settle outstanding dues.”

Moreover, if loans remain unsettled within the 15-day period, details including the names of borrowers, their families, and guarantors will be published publicly. Their assets and bank accounts will be frozen, public services suspended, and collateral pledged during loan acquisition auctioned. The notice further states, “If repayment is still not completed within the stipulated period, details of borrowers and guarantors, including their family members, will be made public; their assets, accounts, and public service facilities will be blocked by coordinating with relevant authorities. Collateral pledged at the time of borrowing will be auctioned or disposed of as per the Cooperative Act, 2017 and Cooperative Regulations, 2018, to recover the full outstanding dues of the cooperatives.”

Today, the government officially empowered the Troubled Cooperative Management Committee. The cabinet meeting on Tuesday appointed Dilliraj Acharya from Pyuthan as chairman, and Nawraj Simkhada from Dhading and Roshan Bahadur Shakya from Lalitpur as members. The ministry is advancing the phased process to reimburse savings to cooperative members. With the loan recovery process underway, the ministry is prepared to accelerate savings reimbursement.

The National Sports Council has established a three-member investigation subcommittee, led by Bhojananda Rai, to address disputes arising in the boxing sector. The subcommittee is tasked with investigating complaints and petitions concerning officials of the Boxing Federation and submitting a report within seven days. The investigation will be conducted based on regulations, laws, and the federation’s statutes, with arrangements to review necessary documents and coordinate with relevant stakeholders. Kathmandu, April 21.

The National Sports Council (NSC) formed this subcommittee to resolve various conflicts and issues within Nepal’s boxing federation and related areas. The decision was made at the NSC Executive Committee meeting held on Tuesday. The committee comprises three members: Bhojananda Rai, the head of the NSC’s Administrative Department, as chairperson; Narayanraj Aryal, head of the NSC Legal Division; and Sanuraj KC, Administrative Officer of the NSC Sports Development Department.

The subcommittee has been given a deadline of seven working days to study complaints and petitions related to boxing disputes, engage with concerned parties, conduct necessary investigations, and prepare a report with appropriate recommendations. “Among the cases under review are complaints alleging that Boxing Federation officials unlawfully dismissed the federation’s secretary, Pushkar Raj Pant, and that previous Council leadership covered irregularities by purchasing vehicles; a petition filed by Pushkar Raj Pant on January 22, 2026 (2082 Poush 8), requesting action against those responsible; complaints submitted to the Commission for Investigation of Abuse of Authority against Boxing Federation President Kiran Bahadur Shrestha, Vice President, and other officials for actions that allegedly harmed national pride; and requests by the NSC’s chief boxing coach, Prakash Thapa Magar, who accused assistant coach Deepak Maharjan of verbally abusing players and filed disciplinary requests twice with the Council,” the NSC stated.

The committee’s duties include examining all relevant documents related to the complaints, coordinating with stakeholders to gather facts, preparing the report based on existing laws, regulations, and federation statutes, and submitting the findings within the specified timeframe. The subcommittee is also authorized to determine its own procedural rules during the investigation.

The Supreme Court has refused to register a petition filed against Ravi Lamichhane. The court administration issued a “Darpith” order, meaning a refusal to register, regarding the petition submitted by Ayush Badal. Badal is allowed to file a fresh petition against the administration’s decision in the Supreme Court. Kathmandu, 8 Baisakh.

The Supreme Court administration declined to register the petition submitted against Ravi Lamichhane by issuing a darpith order. This order effectively rejected Badal’s petition. However, he can still file another petition in the Supreme Court challenging the administration’s decision. If a single-judge bench of the Supreme Court hears this new petition and revokes the darpith order, the court administration will then be required to register the petition. The petition sought to prohibit Rashtriya Swatantra Party Chairman Ravi Lamichhane, who is facing money laundering allegations, from performing his duties as a Member of Parliament.

The United Student Organization held a protest with a rally along Exhibition Road in Kathmandu against the hike in petroleum product prices. The students demanded the resignation of Education, Science and Technology Minister Sashmit Pokharel. They accused the government of interfering politically in universities. April 20, Kathmandu.

The United Student Organization organized the rally and protest in Kathmandu’s Exhibition Road against the increase in petroleum product prices. Various student groups affiliated with different political parties called for a reduction in petroleum prices during the demonstration. They also demanded the resignation of Education, Science and Technology Minister Sashmit Pokharel.

The protesters alleged that the government has politically interfered in universities. They carried placards demanding the rollback of the petroleum price hike, an end to political interference in universities, and opposing the dissolution of student organizations.

April 20, Kathmandu – A meeting took place between Nepali Congress President Gagan Kumar Thapa and CPN Chairman Pushpa Kamal Dahal, also known as Prachanda. According to information from Prachanda’s secretariat, the meeting was held on Tuesday afternoon at Prachanda’s residence in Manbhawan. Dahal stated, “This is the first meeting after the election. Discussions were held on current issues.”

The conversation during the meeting was informal. A source said, “The discussion focused only on analyzing the post-election situation and political matters. There was no definitive conclusion reached during the talks.”

The film ‘Ram Naam Satya,’ released on March 11, has grossed NPR 32 million at the box office as of Monday, according to distributor Govind Shahi. Producer Upendra Shahi reported earnings of NPR 7 million from overseas markets excluding the United States, where the film is scheduled for 200 shows from April 24. Director Michael Chand revealed that the digital rights were sold for NPR 7.2 million, securing profits for the production team. With a production budget of NPR 30 million, the film is on the path to financial safety.

Kathmandu — Screening since March 11, ‘Ram Naam Satya’ has achieved a gross collection of NPR 32 million by Monday, distributor Govind Shahi stated. According to the Development Board’s figures until Saturday, the earnings were around NPR 27.8 million. However, some theater data are not included in the board’s records, resulting in slightly higher actual trade figures, Shahi explained.

Producer Upendra Shahi confirmed that the film has so far earned NPR 7 million from foreign markets excluding the United States. Starting April 24, the film will be showcased with 200 shows in various cities across the U.S. The production team has sold shares of the film in the U.S. market and expects substantial returns from there as well.

Director Michael Chand shared that OSR Digital acquired the film’s digital rights for NPR 7.2 million, providing financial benefits to the production side. He further noted that with a budget of NPR 30 million, the film is moving toward a secure financial footing. Produced by Shweta Bimali and Upendra Shahi, the movie features performances by Biraj Bhatt, Sushil Shrestha, Divya Rayamajhi, Supushpa Bhatt, Ayushsingh Thakuri, Khushi Karki, Sunil Thapa, Prashant Tamrakar, among others.