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ECONOMY

India renews approval to import 654 MW of electricity under...

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The earlier approval was set to expire on Wednesday. Under the renewed arrangement, Nepal Electricity Authority (NEA) is allowed to import 600 MW of electricity through the 400 kV Dhalkebar–Muzaffarpur transmission line and an additional 54 MW through the Tanakpur–Mahendranagar line, tot...
2 hours ago
ECONOMY

Salapa Bikas Bank opens IPO for general public, offering 1.4...

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The bank has issued 1,439,179 shares worth Rs 143.9 million for the general public. Earlier, it had received approval to issue shares equivalent to 33 percent of its paid-up capital, amounting to Rs 172.388 million, and has now opened the remaining portion after the first-phase allotment.
2 hours ago
ECONOMY

NICCI welcomes central bank’s move to ease dividend repatria...

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NICCI expressed its appreciation following a series of long-standing concerns it had raised with the central bank.
11 hours ago
ECONOMY

NRB eases FDI rules, allows Nepali IT firms to invest abroad

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By amending the Nepal Rastra Bank Foreign Investment and Foreign Loan Management Bylaw, 2021, the central bank has removed the requirement for foreign investors to obtain prior approval from the NRB to bring foreign currency into Nepal or repatriate funds.
12 hours ago
ECONOMY

Govt earnings from interest tax plunges 15.76 percent in fiv...

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The government earned Rs 12.61 billion from tax imposed on interest earned by depositors of the BFIs during mid-July and mid-December this year.
12 hours ago
ECONOMY

Riverside Hydro Energy to issue IPO, calls AGM on Jan 6

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The company has scheduled the AGM for January 6, where shareholders will deliberate on four ordinary and three special agendas. One of the key proposals is to approve the issuance of an IPO equivalent to 20 percent of the company’s paid-up capital.
1 day ago
ECONOMY

Nearly 90% of hotel rooms booked as Pokhara sees tourism sur...

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Hoteliers expect hotels of all categories to remain largely occupied until the New Year, with the positive impact likely to continue for about a week. “Almost all hotels in Pokhara will have guests over the next few days. The situation is very encouraging,” said Lakeside-based hotelier N...
1 day ago
ECONOMY

Delay in road maintenance will invite penalties: Minister Gh...

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Speaking at the 23rd anniversary of the Road Board Nepal, Minister Ghising said contracts could also be cancelled if contractors repeatedly fail to meet timelines. He noted that the government has already terminated agreements with some contractors who secured projects at low cost but failed to deli...
1 day ago
ECONOMY

Govt supplies 243,000 metric tonnes of chemical fertiliser t...

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The Ministry of Agriculture and Livestock Development (MoALD) said that out of the budget earmarked for fertiliser procurement in the current fiscal year, the government invited bids to purchase 466,000 metric tonnes of chemical fertiliser, of which 243,000 metric tonnes have already been distribute...
1 day ago
ECONOMY

New criteria set for multi-year project approval: Minimum co...

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According to the Ministry of Finance, projects with an estimated cost below Rs 500 million will no longer qualify for multi-year contract approval. However, in the case of government building construction or service procurement projects, the minimum cost requirement has been set at Rs 200 million.
1 day ago