Govt Allows CIT to Increase Paid-up Capital   

June 22: The government has granted permission to 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 increase the paid-up capital to Rs 5.31 billion. Minister Sharma, who is also the spokesperson for the government, shared this information at a press conference in the ministry on Wednesday.    
The minister informed that the recent cabinet meeting has endorsed the action plan to implement the bilateral labour agreement between the Government of Nepal and the UK.

Similarly, the government has authorized all district courts to register the case in relation to the crimes as mentioned in Chapter 9 of Electronic Transaction Act, 2023 and settle them. The district courts are further authorized to handle the crimes listed in Section 3 (C) of Banking Crime and Punishment Act, 2064.    
As per 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 'Giranchaur integrated model settlement reconstruction and tourism promotion project'. -- RSS
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