Kuvera Chalise

KATHMANDU, March 16: The Ministry of Finance has released Rs 5 million each to the 744 new local units. A cabinet meeting had last week decided to provide at least Rs 10 million each to the local units.

KATHMANDU, Mar 16: Despite clear direction of the Parliamentary Accounts Committee (PAC) to investigate and penalize responsible authorities for not recovering capital gains tax (CGT) from the seller of GSM operator Ncell, concerned authorities, after 10 months of the shares transfer, are arguing on...

KATHMANDU, Mar 15: The Ministry of Finance has started the process to withdraw budget from projects that have failed to spend till the end of the eighth month -- by March 13 -- of the current fiscal year.

KATHMANDU, March 8: The government on Wednesday decided to recover capital gains tax (CGT) from TeliaSonera, the seller of telecommunications company Ncell while other remaining taxes from Axiata, the buyer of Ncell.

KATHMANDU, March 2: The government in recent months has passed and introduced key legislations to create investment friendly environment. And with the new legislatures that have helped create investment climate, the government is organizing the Investment Summit after a long duration of 25 years. Th...

KATHMANDU, Feb 28: Nepal needs to amend some 50 laws within next two years to abide by its international commitment to fight flow of dirty money.

KATHMANDU, Feb 22: The agitating petroleum tanker operators should be jailed as they have been disrupting the supply of essential products, Supplies Secretary Prem Kumar Rai told the parliamentarians on Wednesday.

KATHMANDU, Feb 18: Even though it has improved in ranking, Nepal still remains a mostly unfree economy, according to a report from an American think tank.

KATHMANDU, Feb 18:  For anyone born on February 18, 1951, the day democracy came to Nepal, it has been a lifetime wasted by political instability decade after decade and lack of economic  vision among successive leaders.

KATHMANDU, Feb 6: Various studies show that 1 percent increase in the stock of infrastructure is associated with a 1 percent increase in gross domestic production (GDP). One of the key avenues through which infrastructure contributes to economic growth is by improving competitiveness and facilitatin...