DAMAULI, June 9: The local governments are compelled to present their budgets, policies and programs on June 29, according to the constitutional provision. In line with the provision, the local units in the district have stepped up their efforts to formulate their budgets, policies and programs for the upcoming fiscal year 2021/22.

KATHMANDU, June 9: Province 1 government has given priority to health and employment in the annual budget for the fiscal year 2021/22.

KATHMANDU, June 9: The second wave of COVID pandemic has affected the credit investment of banks. Although during the onset of the second wave of the pandemic it did not seem to have much effect, the problem has started to become visible in recent days.

KATHMANDU, June 9: Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has reiterated that all the programs mentioned in the budget will be implemented effectively. He requested all not to be confused or have any doubts about the implementation of the budget.

Nepse stretch gains as volumes improve

Published On: June 8, 2021 07:52 PM NPT By: Republica

KATHMANDU, June 8: Stocks opened session in green and plateaued for the first half an hour of Tuesday’s trading session. Nonetheless, with finance and development bank stocks stretching upward movement further, the Nepse index climbed as high as 2,960 around mid-day. After a brief consolidation in late afternoon, the index closed the day at its intra-day high of 2,960.14 – up 53.44 points against the session earlier.

KATHMANDU, June 8: Nepal Rastra Bank (NRB), in a bid to shorten the process for licensing of the foreign direct investment (FDI)-based companies, has scrapped the provision that required foreign investors to take permission from the central bank to bring in the foreign capital inside Nepal.

KATHMANDU, June 7: The Department of Revenue Investigation (DRI) has filed cases against 10 individuals on charges of evading tax worth Rs 175 million.

SC issues interim order not to stop home delivery services

Published On: June 8, 2021 09:47 AM NPT By: Republica

KATHMANDU, June 8: The Supreme Court (SC) has issued an interim order asking the government authorities concerned not to stop online transactions and home delivery services even during the prohibitory period imposed to control and reduce COVID-10 transmission.

Nepse closes flat as sectors end mixed

Published On: June 8, 2021 05:24 AM NPT By: Republica

KATHMANDU, June 7: The benchmark equity index opened firmly higher but pulled back towards the opening level at mid-day. Retracement seen in heavyweight banks dragged the Nepse index towards negative territory in the afternoon but losses remained modest. Stocks found some footing at the end of the trading session with Nepse finishing session essentially flat at 2,906.70 – down a modest 0.21 points against session earlier.

KATHMANDU, June 7: Prices of edible oils have skyrocketed in recent days, which according to the traders is due to an increase in the price of raw materials in the international market.