Remittance up by 20 %

Published On: June 19, 2019 07:30 PM NPT By: RSS

KATHMANDU, June 19: Despite the declining number of people leaving for foreign jobs, the remittance into the country has increased by 20 percent, according to Nepal Rastra Bank report.

Flood causes damage to Arun Third project

Published On: June 19, 2019 10:01 AM NPT By: RSS

KHANDBARI, June 19: Flood triggered by rain at several places of Makalu rural municipality of Sankhuwasabha district on Monday evening has caused damage to the structures of the under-construction Arun Third Hydroelectricity Project.

Dev banks seek flexibility in prudential lending limit

Published On: June 19, 2019 08:25 AM NPT By: Republica

KATHMANDU, June 19: Development Bankers Association Nepal (DBAN) has urged the Nepal Rastra Bank (NRB) to allow 'B' class development banks to deduct loans floated to agriculture sector in excess to the regulatory requirement in the credit to core capital plus deposit (CCD) ratio.

KATHMANDU, June 19: The Ministry of Finance (MoF) has transferred Rs 84.51 million from one budget heading to another to finance foreign junkets of top-ranking functionaries and officials in the past two months alone.

'Tax waiver for startup' scheme ambiguous

Published On: June 19, 2019 04:30 AM NPT By: Nikeeta Gautam

KATHMANDU, June 19: Though entrepreneurs have appreciated the government's decision to give tax waiver to startups, they think that the scheme will not reach the targeted group due to lack of conceptual clarity.

Internet prices likely to go up from mid-July

Published On: June 19, 2019 03:30 AM NPT By: Zenith Shah

KATHMANDU, June 19: Internet Service Providers (ISPs) have warned that Internet prices could go up by 20 percent from the beginning of new fiscal year 2019/20 if the government decides to continue 13 percent telecommunication service charge (TSC) on Internet service.

Stocks fall, erasing previous day gains

Published On: June 19, 2019 03:00 AM NPT By: Republica

KATHMANDU, June 19: Market turned choppy on Tuesday as the benchmark Nepal Stock Exchange (Nepse) index wavered along with the opening level throughout the day.

Encouraging investment in small industries in Banke

Published On: June 18, 2019 01:05 PM NPT By: RSS

BANKE, June 18: Investment in small and cottage industries is being encouraged in Banke district. More cottage industries are booming in the district as of late and the investment is also growing.

66 kg of gold seized in FY2018/19

Published On: June 18, 2019 11:35 AM NPT By: Republica

KATHMANDU, June 18: The Department of Revenue Investigation (DoRI) has filed a total of 81 cases related to revenue evasion and leakage in the current fiscal year – FY2018/19.

KATHMANDU, June 18: The government is enforcing Internet-based vehicle and consignment tracking system from mid-July, requiring all transportation companies, importers or entrepreneurs to make entry of their goods and consignments in the centralized website before transportation of goods from one destination to another inside the country.