What Happened With Highest Tax Paying Company In Nepal?

Before we start reading this article, let us take a moment to think, why paying tax is important for a country. Well, a country can run smoothly and take the path of progress with the help of a strong development policy and law abiding citizens. And, to develop the infrastructure and facilities for the citizens, the Government of the country needs to have proper funds, which is basically achieved through the taxes we pay. Vishal Group has always been one of the highest tax paying companies in Nepal. Therefore, we can very safely say that Vishal Group is one of the major and subtle contributors towards the growth and development of Nepal.

However, there has been a controversy, known as Vishal Group corruption that has come to news some months back. The Vishal news stated that few edible items such as Oreo biscuits, Pringle chips and Snickers chocolates were found being relabeled by some people, after the date was over. Being the distributors of these products, Vishal Group’s name was dragged into the controversy. However, Vishal Group denied every kind of links with this scam.

Vishal Group started its journey around seven decades ago from a tiny textile shop. Vishal Group, in last seventy years has diversified their business in different sectors like Banking & Finance, Automobile, Distribution, Education etc. Vishal Group has always been regarded for their firm policy and stand against every kind of corruption and unethical practices. Vishal Group has a very strong anti-corruption policy in the company in place.

Not only the highest tax paying company of Nepal, Vishal Group has a separate wing to oversee and execute corporate and social responsibility wing, named VG Foundation. VG Foundation is completely focused towards the betterment of society and frequently joins hand with some of the major corporates and social activists to reach out to the maximum number of people possible. Like Vishal Group, V G Foundation also has a very strong anti-corruption policy. V G Foundation has undertaken many activities in the recent past, including distribution of sanitary napkins for women of the country, bringing back people of Nepal stuck in different border towns during lockdown etc. These steps prove that all Vishal Group promotes is working relentlessly towards the overall betterment of the society, which should not come into any kind of Vishal controversy at all.

There is a famous proverb – with great power comes great responsibility. The Management of Vishal Group has always keenly believed in this saying and pledged to do good for the society. Vishal Group has been in news all these while for their continuous work towards the society and people at large. The fact remains that Shri Tulsi Ram Agrawal, Vice Chairman, Vishal Group, has recently been honored with the prestigious Prabal Janasewa Shree Award by the Government of Nepal for his outstanding contribution towards the economic growth of Nepal. Prabal Janasewa Shree Award is the highest civilian award of Nepal. The award was given to him by the honorable president of Nepal, Smt. Bidhya Devi Bhandari in the month of September, on the occasion of fifth constitution day, 2020. Having the recipient of such a prestigious award as the board member of the Vishal Group proves the Group’s contribution and inclination towards the growth. The recent Vishal news about Vishal Group corruption and Vishal Group controversy seems completely baseless.