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Second wave of COVID-19 increases risk of worsening income inequality: Finance Minister Poudel
Published On: May 5, 2021 07:00 PM NPT By: Republica
KATHMANDU, May 5: The second wave of COVID-19 has fuelled the worsening conditions mainly of the people in low income and vulnerable groups, which will aggravate the widening of the gap between the rich and the poor, said Finance Minister Bishnu Prasad Poudel.
ADB launches Asia Pacific Tax Hub to help member states strengthen domestic resource mobilization
Published On: May 5, 2021 06:07 PM NPT By: Republica
KATHMANDU, May 5: The Asian Development Bank (ADB) has launched an Asia Pacific Tax Hub, with the aim to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge-sharing, and strengthen coordination on tax policy and administration among ADB, its members, and development partners.
Hotels providing quarantine services can charge no more than Rs 3,000 per person a day
Published On: May 5, 2021 04:26 PM NPT By: Republica
KATHMANDU, May 5: The Ministry of Culture, Tourism and Civil Aviation has asked the hotels designated as quarantine facilities for those traveling from India via Air Bubble service not to charge more than Rs 3,000 per person per day.
Private hospitals in Kathmandu charging up to Rs 50,000 per bed a day for COVID-19 treatment
Published On: May 5, 2021 03:37 PM NPT By: Republica
KATHMANDU, May 5: The private hospitals in the Kathmandu Valley are found charging exorbitantly high fees for COVID-19 treatment.
Shrink in economic activities affects govt revenue collection, may impact planned priorities of budget 2021/22
Published On: May 5, 2021 07:40 AM NPT By: Republica
KATHMANDU, May 5: The alarming spread of the second wave of the coronavirus has taken its toll on the government’s revenue collection target, with the daily revenue collection plunging almost to half of the ‘normal’ amount.
Digital delivery service: slow but steady growth
Published On: May 5, 2021 07:35 AM NPT By: Kunga Hyolmo
While other businesses struggled to thrive, online deliveries saw huge business opportunities this pandemic
International and domestic flights to remain suspended till May 14 except to India
Published On: May 4, 2021 12:57 PM NPT By: Republica
Earlier, a cabinet meeting had decided to suspend international flights only to a few countries
Sebon permits five companies to establish and mobilize specialized investment fund
Published On: May 4, 2021 08:30 AM NPT By: Republica
KATHMANDU, May 4: The Securities Board of Nepal (Sebon) has permitted five companies to establish and mobilize the specialized investment fund, opening a gateway to attract necessary capital for long term growth of businesses including start-ups.
Stocks give up morning gains to end Monday’s session slightly in red
Published On: May 3, 2021 07:55 PM NPT By: Republica
KATHMANDU, May 3: The buying interest from prior trading session extended to Monday’s trading as the Nepal Stock Exchange (Nepse) index traded around 20 points higher in the beginning trading hour. However, a wave of selling pressure pushed the index towards negative territory where Nepse fell as much as 20 points in late afternoon. A small recovery at the closing minutes saw the benchmark close with a loss of 12.36 points at 2,652.75.
Over 22,000 tourists visited Nepal in April
Published On: May 3, 2021 06:45 PM NPT By: Republica
KATHMANDU, May 3: Nepal welcomed more than 22,000 tourists in April amid surging cases of the COVID-19 in the country.
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