Time and again the Royal Monetary Authority (RMA) has been requesting the public to refrain from dishonoring the INR informal exchange but each time a new problem crops up. This time, the practice of overbilling for goods is creeping into border towns. Overbilling means invoicing in excess of prices or …
Read More »Absconding laborers drain local contractors’ purses
Fleeing laborers is a chronic problem among local contractors. Foreign laborers absconding from the country has delayed projects and eventually resulted in penalties for missing the deadlines. A businesswoman Jambay even went to Cooch Bihar in India frisking for her absconded thikadar whom she had paid Nu 0.6 mn initially …
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