KATHMANDU, July 16: Small enterprises including beauty parlors and small-scale shirting and suiting shops will have to mandatorily register in Value Added Tax from Tuesday, the first day of the Fiscal Year 2018/19.
The provision endorsed in the budget has put these small enterprises under existential threat, according to Federation of Nepalese Chambers of Commerce and Industry (FNCCI).
Chinese company Chongquin Machinary & Electronics Holding (Group) Co Ltd (CME) has partnered with People’s Energy Ltd (PEL) to construct the Khimti-2 Hydroelectricity Power Plant in Nepal. The 48.8 megawatt project of US$ 88 million is to be constructed in the Khimti River situated in the bordering areas of Dolakha and Ramechhap districts. The two companies signed a contract for this purpose on Friday.
RUPANDEHI, July 15: Nepali entrepreneurs have been increasingly interested toward investing into hotels in Rupandehi district in view of the under-construction Gautam Buddha International Airport (GBIA) at Bhairahawa.
KATHMANDU, July 15: Nepali industrialists hope that direct air link between western Nepali town Nepalgunj and Indian capital New Delhi would be a game changer for the economic development of Province 5.
KATHMANDU, July 15: The recent announcement of the Nepal Rastra Bank (NRB) in its monetary policy for the upcoming fiscal year to allow commercial banks to work as brokerage firms has prompted mixed reactions from stakeholders.