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HBL gives away Fellowship Award-2018
Published On: June 10, 2018 06:06 PM NPT By: Republica
KATHMANDU, June 10: Himalayan Bank Limited (HBL) has awarded this year’s HBL-Daayitwa Fellowship Award-2018 to Nepali Public Service Fellows.
Karnali aims at increasing per capita income to USD 2,100
Published On: June 10, 2018 08:47 AM NPT By: Nagendra Upadhyaya
SURKHET, June 10: While publicizing the development policies and programs for the upcoming fiscal year, Karnali Province on Saturday announced to increase the per capita income of its residents to US $2,100.
Unit costs of public spending set, project planners obliged to follow
Published On: June 10, 2018 04:00 AM NPT By: Republica
KATHMANDU, June 10: The government has set per unit cost of all its spending for goods and services, from building a classroom of a public school to the price of a medicine provided to health posts to cure tapeworm.
Average length of tourist stay drops to 7-year low
Published On: June 10, 2018 03:00 AM NPT By: Arpana Ale Magar
KATHMANDU, June 10: The average length of stay of foreign tourists in Nepal has dropped to seven-year low to 12.6 days in 2018, according to a report entitled 'Nepal Tourism Statistics 2017' compiled by the Ministry of Culture, Tourism and Civil Aviation.
Govt to lower recurrent expenses, raise dev budget
Published On: June 9, 2018 10:59 AM NPT By: Republica
KATHMANDU, June 9: The government has aimed to suppress recurrent expenditure but has projected a whopping growth of capital expenditure in the next three fiscal years.
Hotel workers to receive bigger share of service charge
Published On: June 9, 2018 10:56 AM NPT By: Republica
KATHMANDU, June 9: Hotel and restaurant employees will now get a bigger share of the service charge received from the clients.
Mango production in Saptari expected to double this year
Published On: June 9, 2018 10:47 AM NPT By: Jitendra Kumar Jha
RAJBIRAJ, June 9: According to District Agriculture Development Office (DADO), Saptari, the volume of mango production will finally increase this year after a continuing slowdown for five years. Officials speculate that should the weather remain consistent, the production will double this year as compared to the last fiscal year. Saptari, which is considered to be the 'mango capital of Nepal', had produced 61,700 tons of mango in the Fiscal Year 2011/12. But after that, the district has hardly produced a third of the quantity.
Nepse plunges amid stand off between govt and investors
Published On: June 9, 2018 10:33 AM NPT By: Republica
KATHMANDU, June 9: This week, Nepal Stock Exchange (Nepse) index dropped sharply as the investors remained distressed by the implementation of new capital gain calculation method enforced by the Inland Revenue Department (IRD) on Sunday. According to the new rule, capital gain on bonus and right shares had to be calculated with the face value as base rate. The provision has made the investors liable for more taxes; and in some cases, taxes had to be levied even when transactions were settled in loss.
Liquidity eases, but not interest rates anytime soon
Published On: June 9, 2018 08:15 AM NPT By: Republica
KATHMANDU, June 9: Banks and financial institutions have no plans to reduce their interest rates at least within the current fiscal year 2017/18.
FinMin terms budget 'course correction'
Published On: June 8, 2018 03:30 AM NPT By: Republica
KATHMANDU, June 8: Minister for Finance Yuba Raj Khatiwada has defended his first budget for the upcoming Fiscal Year 2018/19, saying that the budget was a course correction by the government.
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