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Nepse downswings 114.02 points on Monday trading

Published On: September 20, 2021 04:23 PM NPT By: Republica

KATHMANDU, Sept 20: Nepal Stock Exchange (Nepse) on Monday nosedived 114.02 points to close at 2,698.24 points after the government passed the revised budget through parliament.

HoR passes Appropriation Bill, 2021

Published On: September 20, 2021 12:41 PM NPT By: Republica

KATHMANDU, Sept 20: The meeting of the House of Representatives (HoR) has passed the Appropriation Bill, 2021. The bill proposed by the Minister for Finance Janardan Sharma was endorsed by the HoR meeting held on Monday amid obstructions posed by the CPN-UML.

Gold price drops by Rs 200 per tola

Published On: September 20, 2021 12:40 PM NPT By: Republica

KATHMANDU, Sept 20: The price of gold has dropped by Rs 200 in the domestic market on Monday. The fine gold was traded at Rs 88,900 on Sunday.

Distribution of new bank notes begins today

Published On: September 20, 2021 12:19 PM NPT By: Republica

KATHMANDU, Sept 20: Banks and financial institutions have started providing new banknotes for use in the Dashain festival from Monday.

Vehicles worth billions of rupees gather dust as govt fails to auction them on time

Published On: September 20, 2021 10:57 AM NPT By: Madan Thakur

RAUTAHAT, Sept 20: Vehicles worth billions of rupees have started to rot in the yard of the customs office due to failure to auction them on time. The parts of vehicles that were seized from those importing them illegally and brought to the customs office during different times have started becoming useless.

7-km new track road constructed

Published On: September 20, 2021 08:30 AM NPT By: RSS

BAGMATI, Sept 20: A new track road stretching seven kilometers has been constructed under the Terai-Madhes Road Infrastructure Special Program. The Road Division Office Hetauda had built the road in Makawanpur, Bara and Parsa districts in the fiscal year 2020/21.

Foreign firms showed interest to invest in two dozen hotels in first two months of current FY

Published On: September 20, 2021 07:20 AM NPT By: Republica

KATHMANDU, September 20: Foreign investors are found increasingly attracted to run hotels in Nepal with such companies proposing to invest in around two dozen hotels in the first two months of the current fiscal year.

Controversial amendment to Income Tax Act: Manipulation to legalize illegal property

Published On: September 19, 2021 05:36 PM NPT By: Dilip Paudel

KATHMANDU, Sept 19: The government, which is being criticized for its controversial decision to provide tax waivers to certain businesses, has made another controversial decision to amend the Income Tax Act so as not to seek the income source for investment. With the aim of legalizing the money earned illegally by high political leaders, businessmen and corrupt employees, the Income Tax Act is being amended by inserting the provision that 'the source of income will not be sought for investment'.

Tourism entrepreneurs request govt to reopen trekking routes

Published On: September 19, 2021 03:42 PM NPT By: Republica

KATHMANDU, Sept 19: Trekking is one of the major tourist activities in Nepal. The trekking routes inside the country are recognized worldwide and have played a major role in improving the country’s tourism sector.

Selection of undeserving projects is one of the main causes of slow capital expenditure: Finmin Sharma

Published On: September 19, 2021 07:30 AM NPT By: Republica

KATHMANDU, September 19: Every year when the government is busy preparing the annual budget, it faces pressure to allocate funds for the projects put forth rampantly by the lawmakers.

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