Government Allows Citizen's Investment Trust (CIT) to Increase Paid up Capital

The government has permitted the Citizen's Investment Trust (CIT) to increase its paid-up capital. Minister for Communications and Information Technology, Rekha Sharma, shared that the government had permitted CIT to pin the paid-up capital of Rs 5.31 billion. Minister Sharma, who is also the Spokesperson of the government, shared this information at a press conference in the ministry on Wednesday.

Similarly, the government decided to permit the entry of the 7th periodic report of the Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW), 1979. She also said the Cabinet meeting decided to permit Deputy Prime Minister and Minister for Defense, Purna Bahadur Khadka, to participate in the 8th NRNA Middle East Regional Conference as a chief guest. The event is being held in Oman.

The action plan relating to the implementation of a bilateral labor agreement between the government and the UK has been endorsed. Chief of district coordination committee in Myagdi, Ram Kumar Thapa's imminent visit to Chhendu of the Sichuan Province of China has been approved by the government.  Thapa will be attending a workshop on business.

Moreover, all district courts will be given authority to register the case and settle it in relation to the crimes as mentioned in Chapter 9 of the Electronic Transaction Act, 2023. The district courts are further authorized to handle the crimes listed in Section 3 (c) of Banking Offense and Punishment Act, 2064.

As per the government's decision, a team will be formed to restore border pillar 51 (1) in the right spot of Tatopani/Jhangmu along the Nepal-China border. The Cabinet meeting also decided to write off the tax to be paid while handing over the land owned by the 'Giranchaur integrated model settlement reconstruction and tourism promotion project'.