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Govt, private sector take initiatives for daily Dhaka-Pokhara flights
Published On: June 13, 2024 11:05 AM NPT By: Santosh Pokharel
A senior CAAN officer stated, “We aim to launch flights between Dhaka and Pokhara within two months, starting with at least one flight per week.” Both Air Astra and Bangladesh Airlines have shown interest, with a study underway to assess the potential business on the Pokhara-Dhaka route.
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.
Nepse back to losing ways
Published On: June 8, 2018 02:30 AM NPT By: Republica
KATHMANDU, June 8: The stock market witnessed a lackluster trading session on the last trading day of the week. Stocks failed to hold on to the previous day's gains which came on the back of the government withdrawing the new capital gain calculation method.
Laws could be amended for investment in productive sectors
Published On: June 7, 2018 05:10 PM NPT By: Republica
KATHMANDU, June 7: Deputy Prime Minister and Minister for Defense Ishwar Pokharel has said that the target of sustainable development of the nation could not be ensured through the deposit of capital only.
NEPSE dips by double-digit
Published On: June 7, 2018 05:05 PM NPT By: Republica
KATHMANDU, June 7: The Nepal Stock Exchange index today decreased 25.68 points to close at 1257.07. Likewise, the sensitive index has also dipped by 5.47 points.
IBN counters budgetary provision on West Seti project
Published On: June 7, 2018 10:08 AM NPT By: Republica
KATHMANDU, June 7: Investment Board Nepal (IBN) has said that it was holding deliberations with China Three Gorges Corporation (CTGC) regarding the financial viability of the West Seti Hydropower Project (750 MW).
Int’l air traffic to increase by six times in two decades: Experts
Published On: June 7, 2018 08:38 AM NPT By: Republica
KATHMANDU, June 7: International passenger movement of the country has been projected to increase by six times in the next two decades compared to the current year. This estimate was presented to the Minister for Culture, Tourism, and Civil Aviation Rabindra Adhikari on Monday by an expert team formed by the ministry.
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