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Stocks tumble as lockdown fears grip investors
Published On: April 25, 2021 09:31 PM NPT By: Republica
KATHMANDU, April 25: The local benchmark index fell almost 50 points within the first trading hours then attempted a recovery which failed miserably. Similarly, the index continued to struggle and traded in the red throughout the remaining trading hours. A steady downfall saw the index tumble 75.89 points on Sunday to settle at 2572.21.
13 firms accused of embezzling Rs 2.19 billion using fake VAT bills
Published On: April 25, 2021 07:50 AM NPT By: Republica
KATHMANDU, April 25: The Department of Revenue Investigation (DRI) on Friday filed cases at the High Court in Patan against 16 accused individuals and firm proprietors on a charge of making revenue leakage by using fake value added tax (VAT) bills.
Govt mulls over subsidizing customs duty on import of oxygen gas cylinders
Published On: April 25, 2021 07:20 AM NPT By: Republica
KATHMANDU, April 25: The government is mulling over reducing the customs duty on the import of 20,000 units of oxygen gas cylinders, citing the possible shortage of the oxygen carrying vessels in wake of the rising COVID-19 cases.
Dharahara to be inaugurated today
Published On: April 24, 2021 08:50 AM NPT By: Republica
KATHMANDU, April 24: The tallest view tower in the Kathmandu Valley which collapsed during the 2015 earthquake is being inaugurated today at 11AM.
Nepse snaps 5-week gaining streak
Published On: April 23, 2021 09:30 PM NPT By: Republica
KATHMANDU, April 23: After shooting up by over 61 points in the previous week, this week’s trading was mainly dominated by sellers. The Nepal Stock Exchange (Nepse) index witnessed a notable dip with the index sinking 35.89 points on Sunday followed by a 37.57 points decline on Monday. While the index remains unchanged on Tuesday’s trading and closed by a slight increment of 2.68 points. However, the market again drop falling more than 32 points on Wednesday. The selling pressure eased off slightly on Thursday as the market posted the gains of 15.80 points. Overall, the loss tally for the week stood at 87.45 points with the bourse capping off week at 2,648.01.
Chemical fertilizer to be produced locally in Kanchanpur
Published On: April 23, 2021 12:02 PM NPT By: RSS
KANCHANPUR, April 23: Nepal Fertilizers Industry has decided to set up a factory to produce chemical fertilizer locally at Baluwaphanta of Krishnapur Municipality-6 by utilizing raw materials available within the country.
Only 170 climbers allowed to ascend Sagarmatha at a time
Published On: April 23, 2021 12:00 PM NPT By: Republica
KATHMANDU, April 23: The Department of Tourism (DoT) has decided to allow a maximum of 170 climbers to climb Mt Sagarmatha at a time in the spring season this year.
FDI realization stands at 34 percent of the pledged amount in the past two and a half decades: NRB
Published On: April 23, 2021 09:23 AM NPT By: Republica
KATHMANDU, April 23: Nepal’s realization of foreign direct investment (FDI) is far lower than the amount pledged by the foreign investors, shows a report unveiled by Nepal Rastra Bank (NRB) on Wednesday.
84% youth suffering from anxiety due to COVID-19: Survey
Published On: April 22, 2021 09:33 PM NPT By: SHREE RAM SUBEDI
Kathmandu, April 22: Eighty-four percent of the youth are experiencing anxiety due to COVID-19, a nationwide survey showed.
Nepal imports goods worth Rs 1.11 trillion by third quarter end, almost equal to total amount for FY 2019/20
Published On: April 22, 2021 07:30 PM NPT By: Republica
KATHMANDU, April 22: Nepal imported goods worth Rs 1.11 trillion in the first nine months of the current fiscal year, which is almost equal to the total import expenses of Rs 1.19 trillion that the country made in the entire period of fiscal year 2019/20.
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