KATHMANDU, Jan 17: Former Minister of State for Industry, Commerce and Supplies and industrialist, Moti Lal Dugar, has been appointed the special economic advisor (honorary) to Prime Minister KP Sharma Oli.

KATHMANDU, Jan 17: A total of 103 proposed companies have pledged to invest Rs 72.62 billion in the first half of the current fiscal year at a time when the running industries have been struggling to come to their full business size amid the coronavirus threat.

Nepse near 2,300 points after upbeat trading week

Published On: January 15, 2021 06:56 PM NPT By: Republica

KATHMANDU, Jan 15: Second trading week of January registered an uplifting start with the benchmark Nepal Stock Exchange (Nepse) index rising more than 41 points on Sunday. The buying momentum eased slightly on Monday with the market closing with a modest 3 point’s gain. Nonetheless, the equity market saw further strength on Tuesday’s and Wednesday’s session as the benchmark added 28 points and 18 points, respectively. The market remained closed on Thursday due to public holiday. Overall, the index’s weekly gain tally stood at 92.06 points or 4.2%. Nepse finished the week at 2,286.55.

DRI monitoring 20,000 vehicles daily through VCTS

Published On: January 15, 2021 02:25 PM NPT By: Republica

KATHMANDU, Jan 15: The vehicle and consignment tracking system (VCTS) launched by the Department of Revenue Investigation to control revenue leakage is becoming effective. A total of 103,000 vehicles have been registered in the VCTS, according to the department.

Petroleum dealers postpone their decision to raise fuel price

Published On: January 15, 2021 10:59 AM NPT By: Republica

KATHMANDU, Jan 15: Petroleum Dealers’ Association has postponed the agitation program they had announced earlier against the alleged reluctance of the Nepal Oil Corporation (NOC) to raise their commission for selling petroleum products.

POKHARA, Jan 15: Minister for Culture, Tourism and Civil Aviation Bhanubhakta Dhakal has said he would take initiatives to solve the problems faced by the tourism sector at the earliest.

KATHMANDU, Jan 15: The Nepal Infrastructure Bank is issuing 80,000,000 units of Initial Public Offering (IPO) worth Rs 8 billion to the general public from Friday.

KATHMANDU, Jan 15: Nepal Rastra Bank (NRB) has put a curb on the firms receiving loan in foreign currency from lending institutions abroad.

KATHMANDU, Jan 15: Revenue collection in the first half of the current fiscal year has fallen around 11 percent short of the target, imposing pressure on the government to manage its financial resources.

KATHMANDU, Jan 14: Minister for Culture, Tourism and Civil Aviation, Bhanubhakta Dhakal has directed the authorities concerned to complete the construction of the projects of national pride under the ministry within the stipulated time.