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Revenue collection 13% lower than target
Published On: May 25, 2019 08:44 AM NPT By: Ritesh Tripathi
BIRGUNJ, May 25: Revenue collection by Birgunj Customs Office has seen a shortfall by 13% against the target till mid-May. The office, which generates the largest volume of revenue among all customs offices of the country, mobilized only Rs 120 billion out of the targeted Rs 139 billion, according to records at the office.
Revenue Advisory Committee submits report to government
Published On: May 25, 2019 08:41 AM NPT By: Republica
KATHMANDU, May 25: The Revenue Advisory Committee has presented its report to the Minister for Finance, Yuba Raj Khatiwada, providing recommendations to the government on revenue policy and programs, laws and regulations, reforms, tax rates, and other measures to be introduced in the budget for the upcoming Fiscal Year 2019/20.
Growth of real sector remains unchanged under strong government
Published On: May 25, 2019 08:37 AM NPT By: Rudra Pangeni
KATHMANDU, May 25: Like his predecessors, Minister for Finance Yuba Raj Khatiwada said he had focused on ‘growth of real sector including manufacturing’ and ‘high priority on production’ when he unveiled the budget for the current fiscal year in May last year.
NEA installing 10 EV charging stations
Published On: May 24, 2019 08:27 AM NPT By: Himal Lamsal
KATHMANDU, May 24: Nepal Electricity Authority (NEA) is all set to install 10 charging stations for electric automobiles across the valley within the next 6 months.
China urges Nepal to embrace ‘pragmatic’ approach on digital payments
Published On: May 24, 2019 08:22 AM NPT By: Sagar Ghimire
KATHMANDU, May 24: China has urged Nepal to embrace a ‘very pragmatic approach’ to deal with foreign payment service providers and platforms including Alipay and WeChat Pay.
Trans-border railway requires more scientific study: China envoy
Published On: May 24, 2019 07:29 AM NPT By: Kosh Raj Koirala
KATHMANDU, May 24: While stating that construction of the trans-border railway between Nepal and China through high-altitude mountain terrain is not an ‘easy job’, Chinese ambassador to Nepal Hou Yanqi has said that they have the determination to implement the project even as it requires further ‘scientific studies’.
Coordination and collaboration is main 'spirit' of constitution: Minister Yadav
Published On: May 23, 2019 05:30 PM NPT By: RSS
SURKHET, May 23: Minister for Industry, Commerce and Supply, Matrika Prasad Yadav, has said that the federalism would be successful only if there would be coordination among three-tier governments.
Outbound Nepalis spent Rs 68 billion in nine months
Published On: May 23, 2019 10:02 AM NPT By: Republica
KATHMANDU, May 23: Nepalis travelling abroad spent a total of Rs 67.94 billion in first nine months of the current fiscal year – FY2018/19.
Rasuwagadhi customs to implement Asycuda from June 16
Published On: May 23, 2019 10:00 AM NPT By: Republica
RASUWA, May 23: Rasuwagadhi Customs Office is starting customs clearance suing computerized system from June 16.
Axiata’s request for int’l arbitration registered
Published On: May 23, 2019 07:39 AM NPT By: Republica
KATHMANDU, May 23: The International Centre for Settlement of Investment Disputes (ICSID) on Monday registered a case filed by Axiata UK and Ncell against the government of Nepal over capital gains tax levied by the tax authorities in Nepal, according to the ICSID website. The entity is part of the World Bank Group.
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