Nepal, April 22 -- Nepal Republic Media (NRM) has issued a rebuttal to reports published by Kantipur Media Group, including in Kantipur Daily and The Kathmandu Post, claiming the stories contain baseless and misleading information about the company.

The reports, published on April 15 and 16 under the headline "Media fighting for survival, journalists unpaid for months," alleged that NRM had taken a concessional government loan of Rs 200 million during the COVID-19 period to sustain operations and pay staff. NRM has denied the claim, stating that it had taken a loan of Rs 70 million on June 6, 2021, with an interest structure of 5 percent in the first year, 6 percent in the second year, and an additional 2 percent premium on the base rat...