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Hire purchase and vehicle dealers flagged for suspicious transactions

KATHMANDU: The Financial Intelligence Unit (FIU Nepal) under Nepal Rastra Bank has placed hire purchase companies and vehicle dealers in the red flags of suspicious transactions and activities. FIU Nepal has updated the guidelines issued for Suspicious Transactions and Activities…
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China Seeks WTO consultations with India over EV and battery subsidies

KATHMANDU: China has requested consultations with India at the World Trade Organization (WTO) over India’s subsidy programs for electric vehicles and batteries, the Chinese Ministry of Commerce said on Wednesday. According to the ministry, India’s measures allegedly violate WTO obligations,…