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Prime Minister Pushpa Kamal Dahal has said Nepal is a suitable destination for investment, calling upon the investors from across the globe to seize the opportunity and be benefitted from this.

The Prime Minister said this while inaugurating the Nepal Investment Summit 2024 here today.

On the occasion, the PM asserted that there are immense opportunities for investment in Nepal and it is a potential country for investment from legal, geographical and strategic perspective as well.

Stating that Nepal is fully committed to a liberal economic policy, he reassured that an investment-friendly environment has been created in the country.

The Prime Minister said Nepal is continuously moving ahead towards creating a friendly environment for the investors, industrialists, entrepreneurs and innovators. In this connection, he added, eight various laws related to business and investment have been reformed.

President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal has urged investors from around the world to seize the opportunity and invest in Nepal's burgeoning economy.

Addressing the Third Nepal Investment Summit 2024, he emphasized the country's colossal untapped sectors and its potential as an investment destination.

Dhakal highlighted Nepal's strategic location between the economic powerhouses of China and India, underscoring its significance as a gateway to vast markets.

He emphasized the abundant opportunities across various sectors, including tourism, infrastructure, energy, agriculture, technology, and ICT.

The FNCCI President particularly spotlighted the immense potential in renewable energy, citing recent agreements for power trade with India and Bangladesh as indicators of Nepal's capability in hydropower generation and regional trade.

He also underscored the need for modern infrastructure in tourism, agriculture, and technology sectors to harness Nepal's rich cultural heritage, natural beauty, and young, dynamic workforce.

Moreover, Dhakal emphasized the importance of investing in technical education to bridge the gap between demand and supply of skilled human resources, thereby boosting both domestic employment and remittance inflows.

He commended the government's efforts in implementing business-friendly policies and initiatives to facilitate foreign investment, including recent amendments and bilateral investment agreements.

Highlighting FNCCI's role in boosting investor confidence through international business summits in New Delhi, Beijing, and Dubai, Dhakal assured continuous support and commitment from the Nepali private sector for joint ventures in all potential sectors.

He shared his belief in Nepal's emerging growth story and encouraged forging partnerships to chart a path towards sustainable development and prosperity.

The Judges' Society Nepal, an organization of incumbent justices, has demanded action against sidhakura.com.

Saying that its serious attention has been drawn towards the news published by Sidhakura.com titled 'Secret deal to dismiss more than 400 corruption cases', the Judges Society said that the issues in the news were baseless and demanded that the news agency be brought under the law.

Issuing a statement on Sunday, the Judges’ Society Nepal said that publishing the news without checking the facts and involving a Supreme Court justice is not only an attack on particular justice but also on the entire judicial system.

ALSO READ: Press Council directs sidhakura to remove fake content

“This Judges’ Society Nepal’s serious attention has been drawn towards the news titled ‘Secret deal to dismiss 400 corruption cases’ broadcasted and published by Sidhakura.com on April 26, 2024,'' reads the statement issued by General Secretary Tek Narayan Kunwar. “If you think that the verdict delivered by a particular justice was against the law, you should have to find the treatment by adopting the procedure as per the law in the concerned authority, but to publish and broadcast the news without cross checking the facts and even by saying that there has been bias in the verdict by involving a justice is not only an attack on specific justice but also on the entire judicial system.”

Although Dr Ananda Mohan Bhattarai was dragged in on this issue, the Judges’ Society claimed that he was not in the panel when the decision was made.

The Society said that this type of fake news has created confusion over the judicial system and judiciary among the people.

ALSO READ: Govt should immediately take action against those involved in disseminating fake news: Media Society

Nepali citizens visiting China will get a free entry permit (visa). Now, the Nepalis will not have to pay for the visa.

The Chinese Embassy informed that the entry permits for the Nepalis visiting China have been made free of cost. However, certain service charges will be levied.

According to the Chinese Embassy, this rule will come into effect from May 1.

The Nepali Embassy said that the free visa system has been implemented to further strengthen the relations between Nepal and China.

The Nepal government, however, has been providing 150 days free visa to the Chinese nationals.

The Chinese Embassy said that the visa fee will not be charged for single and multiple entry.

The Embassy further informed that no fee will be charged even for multiple entry permits of six months and one year.