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The Nepal Telecommunications Authority (NTA) has scrapped the license of three internet service providers.

The license of the United Telecom Limited, Putalisadak, Kathmandu, Max Net Solution Pvt. Ltd., Koteshwor, Kathmandu and Chitwan Network Pvt. Ltd. was annulled for not getting their companies renewed timely, said the NTA Director and spokesperson Santosh Paudel. The companies did not apply on time for getting their licenses renewed, he said.

The NTA has also asked other companies of the same kind to timely make the payments and submit required details within 30 days for getting their licenses renewed. It has also warned of action as per existing laws in case of not following the directive.

The country recorded the remittance inflow worth Rs 477.96 billion in a period of four months.

According to a report on the current macroeconomic and financial situation of Nepal based on the data ending in mid-November, remittance inflows increased by 26.4 percent to touch Rs 477.96 billion. There was an increase of 20.4 percent in the remittances flows in the corresponding period of the previous year.

In the US Dollar terms, remittance inflows increased 23.1 percent against 10.8 percent in the corresponding year to touch 3.60 billion in the review period. 

The central bank published the report today.

Similarly, in the review period, the number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stands at 137,475 and taking approval for renew entry stands at 68,841.

Last year, such numbers were 196,735 and 87,428 respectively. Net transfer increased 24.9 percent to Rs.521.40 billion in the review period. Such a transfer had increased 20.2 percent in the same period of the last fiscal year.

Nepal Students' Union (NSU), the student wing of Nepali Congress (NC), staged a demonstration in the Capital on Thursday against the Ncell share buyout.

The NSU staged the demonstration demanding that the corruption be rooted out and maintain good governance in the country.

The central ad hoc committee of the NSU staged the protest outside the Bagbazaar-based Padmakanya Campus this morning.

The students took to the streets demanding that Ncell share buyout among other corruption cases be investigated.

A writ has also been filed at the Supreme Court demanding to stop the sale and transfer of Ncell ownership.

The dispute had started after Malaysian company Axiata reportedly sold its 80 percent equity stake in Ncell, the private sector telecom giant.

Public transport entrepreneurs have suggested the government establish a competent transport authority for the improvement of public transport in the country.

Handing over a memorandum to Prime Minister Pushpa Kamal Dahal at a meeting on Wednesday, transport entrepreneurs affiliated to the Republican Transport Entrepreneurs Association demanded that the registration of associations and committees in the transport sector should be resumed, a transport directorate or authority should be established, end unnecessary tax revenue on public transport vehicles, register vehicles as per the provinces and set up training centers for producing drivers.

The team led by the President of the Association, Gyanendra Shrestha, also called for abolition of the five percent value added tax imposed on transportation, including transport workers in the social security fund, investments in public transport and removal of the impractical traffic fine policy.

Likewise, the 20-year-scrap policy imposed on public vehicles should be reviewed to allow vehicles to be operated by looking at the 'condition' of the vehicles, and to end the system of allowing vehicles coming from India to operate in Nepal without restrictions, according to Treasurer of the Association Purushottam Simkhada.