• New title for a=>html, img=>alt
  • Transport syndicates’ monopoly not to end immediately in practice

    Kathmandu, July 15

    Owing to the government’s inability to effectively implement its decision, the monopoly of entrepreneur committees’ in the public transport sector is unlikely to end anytime soon.

    A couple of months ago, the government had decided to stop renewing and registering such committees from the next fiscal year, which is beginning this Tuesday. It had also decided to suspend bank accounts of such committees.

    However, the government has now withdrawn from its stance and is preparing to let the committees have more time, in effect giving a new lease of life to the syndicates.

    It has been learned that the government is preparing to make a new decision, according to which such committees will not be deemed illegal immediately.

    The Cabinet meeting has been scheduled for Monday and the decision to give them more time, possibly three months, for the transformation will be made there, according to a source.

    A task force formed by the Ministry of Physical Infrastructure and Transport has recommended extending time for the transformation and the Cabinet meeting is likely to endorse the suggestion. Likewise, the panel has also suggested that the suspension on their bank accounts be also removed.

    An official of the Office of the Prime Minister and Council of Ministers, however, claims that the committees will be forced to turn themselves into private companies after that time.

  • New title for a=>html, img=>alt
  • FreeCurrencyRates.com

    © 2016 The Himalayan News. All Rights Reserved...