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Stocks erase previous day losses as Nepse jumps 24 points
Published On: January 28, 2020 10:03 AM NPT By: Republica
KATHMANDU: After trading briefly in red in the morning, the major average staged a notable recovery in the afternoon. The Nepal Stock Exchange (Nepse) index traded up 20 points at mid-session. After a slight correction thereafter, the index witnessed a steady advance to close the day at its intra-day high of 1,300.62 points. The gain tally for the day stands at 23.95 points.
CIT not for earning profit: Finance Minister
Published On: January 27, 2020 08:01 PM NPT By: Republica
KATHMANDU, Jan 27: Finance Minister Dr Yuba Raj Khatiwada has said the way would be paved for the Citizen's Investment Trust (CIT) to expand its investment in the capital market.
Public spending accounts for five percent in six months
Published On: January 27, 2020 12:35 PM NPT By: RSS
Chitwan, Jan 27: The district-based province offices has made only 5.10 percent of the budget appropriated for development in the six months of the fiscal year 2075/76 BS.
Revenue from internal sector improving: FinMin
Published On: January 27, 2020 12:12 PM NPT By: Republica
KATHMANDU, Jan 27: Minister for Finance Yuba Raj Khatiwada on Sunday claimed that revenue collection from internal sources has improved, downplaying concerns about the government coming under pressure to meet the revenue target due to slump in customs revenue collection.
KMC spent only Rs 2.5m last fiscal year
Published On: January 27, 2020 12:08 PM NPT By: Sujita Pradhan
KATHMANDU, Jan 27: Kathmandu Metropolitan City (KMC) managed to spend only around Rs 2.5 million out of Rs 10 million allocated to in the previous fiscal year under Prime Minister Employment Program (PMEP) – an ambitious program that aims to create jobs for unemployed people.
After betel nut, black pepper, date smuggling rife in Birgunj
Published On: January 27, 2020 12:05 PM NPT By: Ritesh Tripathi
BIRGUNJ, Jan 27: After betel nut, pea and black pepper, smugglers seem to have turned their attention to dried dates.
Sugarcane farmers share their grievances with minister Bhatta
Published On: January 27, 2020 09:30 AM NPT By: Upendra Yadav
BARA, Jan 27: Sugarcane farmers shared their grievances with Lekhraj Bhatta, the Minister for Industry, Commerce and Supplies about the problems they have been facing with sugar mill owners.
Lalitpur hosting Organic Agro Fair from January 31
Published On: January 27, 2020 09:28 AM NPT By: Republica
KATHMANDU, Jan 27: The 4th Organic Agro Fair is being organized in Lalitpur from January 31. The fair is being organized jointly by Organic Association Nepal, and Kanchanjangha Tea Estate and Research Center in collaboration with Trade and Export Promotion Center under the Ministry of Industry, Commerce and Supplies on Patan Museum premises.
Nepse opens with 21-point loss
Published On: January 27, 2020 09:25 AM NPT By: Republica
KATHMANDU: Local came under considerable pressure on Sunday. After losing around 14 points in the morning session, the Nepal Stock Exchange (Nepse) index recouped some of its losses by mid-session. However, dragged by a sustained bearish pressure, the major average witnessed a steady decline in the latter trading hours. At the close, the benchmark index was down 20.79 points at 1,276.68 points.
Government forming permanent revenue board to address tax concerns
Published On: January 26, 2020 12:26 PM NPT By: Republica
KATHMANDU, Jan 26: The government has stepped up to form a revenue board that is envisioned to help solve various issues related to the country's existing tax system.
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