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ICYMI: Here are our top stories from Thursday, December 26
Here are some of the top stories from The Kathmandu Post (December 26, 2019).Post Report
Here are some of the top stories from The Kathmandu Post (December 26, 2019).
Post-earthquake rebuilding added 4.5 percent to growth rate, says report, but economists disagree
Public and private spending on post-earthquake reconstruction contributed 4.5 percentage points to the economic growth rate, argues a new study, but not everyone buys it.
A preliminary report entitled “Impact of Post-Earthquake Reconstruction on Nepalese Economy”, jointly prepared by the National Reconstruction Authority and the Society of Economic Journalists Nepal, says that reconstruction activities in the aftermath of the 2015 earthquakes contributed 4.5 percent to the growth rate each year, generating 1.42 million jobs. The report was supported by the National Democratic Institute for International Affairs and the United States Agency for International Development.
Police personnel are resigning in the thousands every year and it’s becoming a problem
On February 10, Narendra Upreti, a superintendent at the Teku Metropolitan Police Crime Division, resigned from his post alleging discrimination in promotions.
Upreti, who joined the police service in 1995, was in line to be promoted to the post of Senior Superintendent of Police. However, the police headquarters did not enlist him for promotion, even though some of his junior colleagues got the recommendation.
Janata Party likely to get Deputy Speaker as part of a broader package deal
With the Samajbadi Party quitting the KP Sharma Oli-led government, new political dynamics are emerging, as the ruling Nepal Communist Party and Rastriya Janata Party Nepal are in negotiations for a broader package deal.
The Janata Party, which has 16 seats in the federal parliament, leads a coalition government with the Samajbadi Party in Province 2, where the ruling party is looking to expand its reach.
What Ncell tax dispute is all about
Even after the Supreme Court gave its final verdict on the Ncell tax issue, telling the company last month to pay Rs21.1 billion, confusion continues to linger, as an international tribunal has issued a provisional order, saying the private sector mobile company does not need to pay the capital gains tax.
The question now being asked is whether the ruling of the International Centre for Settlement of Investment Disputes (ICSID), which came as per the request of the Ncell and Axiata (UK), prevails over domestic law and the Supreme Court verdict.
Police recover only 67 passports from the arrested 122 Chinese nationals
After arresting 122 Chinese nationals on Monday in the single-biggest arrest of foreigners in Nepal, the Central Investigation Bureau of Nepal Police said on Wednesday that it has recovered passports from only about half of those arrested.
According to the bureau, as many as 67 passports have been seized from the 122 Chinese, along with 747 mobile phones, 331 laptops, 18 CPUs, 19 monitors, 22 pen drives and 327 sim cards.




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