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.

Govt relents on new tax formula for shares

Published On: June 7, 2018 05:30 AM NPT By: Republica

KATHMANDU, June 7: The government has decided not to immediately impose the new formula for calculating capital gains on the sale of rights and bonus shares.

Fertilizers import up 10 pc

Published On: June 7, 2018 03:00 AM NPT By: Ayam Shrestha

KATHMANDU, June 7: The import of fertilizers (chemical and organic combined) in the first 10 months of the current fiscal year has surged by nearly half compared to import figures of the same period of Fiscal Year 2016/17.

Nepse rises as govt, investors put an end to CGT row

Published On: June 7, 2018 02:30 AM NPT By: Republica

KATHMANDU, June 7: Trading resumed in Nepal Stock Exchange (Nepse) in the second half Wednesday's trading session after investors withdrew their protest against the new capital gains tax (CGT) calculation method enforced by the Inland Revenue Department (IRD).

RJPN mulling to walk out of Province 2 govt

Published On: June 6, 2018 07:22 PM NPT By: Republica

KATHMANDU, June 6: Rastriya Janata Party Nepal (RJPN) is making preparations to walk out of the government of Province-2. Provincial Assembly member Manish Suman, who is also the General Secretary of RJP, said that his party is mulling to quit the Federal Socialist Forum Nepal-led government.

KATHMANDU, June 6: Minister for Finance, Dr Yubraj Khatiwada, has said that the grant provided to earthquake victims for reconstruction of private houses should be spent in a transparent manner as the grant was provided after taking loan from donors.

Govt rolls back its decision to introduce new CGT formula

Published On: June 6, 2018 02:57 PM NPT By: Republica

KATHMANDU, Jun 6: The government has rolled back its decision to introduce new formula to calculate capital gains tax on  rights and bonus shares following criticisms from all quarters.

Feasibility study of Surkhet int'l airport conducted

Published On: June 6, 2018 01:52 PM NPT By: Republica

SURKHET, June 6: A feasibility study of an international airport in Surkhet in Karnali Province has been carried out. The project that is located at Naulichaur of Bheriganga Rural Municipality in Surkhet covering 36,000 ropanis of land costs approximately Rs 7.41 billion, said Suraj Koirala, a consultant company engineer Suraj Koirala.

All local units to be connected with Internet in 2 years

Published On: June 6, 2018 09:12 AM NPT By: Republica

KATHMANDU, June 6: The government has decided to take Internet service to all local units within two years.

Most contracts go to limited few

Published On: June 6, 2018 09:08 AM NPT By: DIL BAHADUR CHHATYAL

According to knowledgeable sources, most construction projects are likely to get completed on time if work could be distributed equally among all contractor companies.

Citizens Bank is an income stock company

Published On: June 6, 2018 08:18 AM NPT By: Republica

Kathmandu: Citizens Bank International Ltd was established in the year 2007 as the 20th commercial bank of Nepal. The bank's ownership structure indicates 51.29 percent promoters and 48.71 percent public shareholding.