Published On: June 4, 2023 08:30 AM NPT By: RAJESH KHANAL
KATHMANDU, June 4: The government that reeled under the low revenue collection has widely revised the tax structure, particularly provision of direct tax, at a time when the country is undergoing recession with the massive fall in aggregate demand.
Published On: May 31, 2023 07:30 AM NPT By: RAJESH KHANAL
KATHMANDU, May 31: After the budget revived the controversial Constituency Development Fund (CDF), the government made attempts to save the blushes by saying that the money to be allocated under the heading will not be misused.
Published On: May 30, 2023 08:30 AM NPT By: RAJESH KHANAL
KATHMANDU, May 30: The government has announced the budget for the fiscal year 2023/24 at Rs 1.751 trillion, which is way higher than the ceiling fixed by the National Planning Commission (NPC).
Published On: May 28, 2023 08:00 AM NPT By: RAJESH KHANAL
KATHMANDU, May 28: The government is under pressure to devise suitable fiscal policy to generate more revenue sources, to overcome challenges of recession and cutting down the unproductive expenses through announcement of the budget for the fiscal year 2023/24.
Published On: May 16, 2023 11:00 AM NPT By: RAJESH KHANAL
The past year was marked by high hopes for achieving a notable goal in the energy business, in line with the aspirations of the nation. The achievements of last year have largely established the confidence that the development of the energy sector can make the nation prosperous.
Published On: March 31, 2023 09:00 AM NPT By: RAJESH KHANAL
KATHMANDU, March 31: The Chinese government has agreed to resume the two-way trade via Tatopani-Khasa route from May 1 this year.
Published On: February 24, 2023 08:30 AM NPT By: RAJESH KHANAL
KATHMANDU, Feb 24: After a number of microfinance institutions (MFIs) were found exploiting their customers by slapping exorbitant interest rates, NRB has enforced stringent policies for the sector.
Published On: February 20, 2023 09:00 AM NPT By: RAJESH KHANAL
KATHMANDU, Feb 20: India has given the green signal on allowing Nepal to export up to 1,200 MW of electricity by using the Dhalkebar-Muzaffarpur cross-border transmission line and a number of similar infrastructures in the Nepal-India border areas alongside Bihar of India.
Published On: February 15, 2023 09:15 AM NPT By: RAJESH KHANAL
KATHMANDU, Feb 15: The government is making preparations for mandatory use of operating licenses to carry out real estate transactions.
Published On: February 10, 2023 08:30 AM NPT By: RAJESH KHANAL
KATHMANDU, Feb 10: Under pressure to address a number of factors to improve the macroeconomic indicators, the Nepal Rastra Bank (NRB) is revising the monetary policy for 2022/23.
Published On: January 26, 2023 10:53 AM NPT By: RAJESH KHANAL
Published On: January 23, 2023 09:15 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 23: The government has failed to bring in the new electricity act even in one and a half decades of finalizing the related draft.
Published On: January 20, 2023 08:30 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 20: Nepal Rastra Bank (NRB) has removed the provision of cash margin, which the importers need to maintain against their letters of credit (LCs) while importing goods.
Published On: January 12, 2023 09:30 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 12: Commercial banks of Nepal are likely to reduce the existing interest rates on deposits from Sunday, the beginning of the new Nepali month, after the banks were replenished with surplus liquidity.
Published On: January 9, 2023 09:00 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 9: Nepal Telecommunications Authority (NTA) has stepped up efforts to restrict the sites being used for online betting and virtual currencies, citing an increase in illegal financial transactions via such digital platforms.
Published On: January 6, 2023 08:05 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 6: While Prime Minister Pushpa Kamal Dahal on Thursday directed the Ministry of Industry, Commerce and Supplies (MoICS) to reduce the prices of petroleum products with immediate effect, a pre-scheduled board meeting of Nepal Oil Corporation (NOC), the state-owned oil monopoly, was canceled to avoid facing the PM’s order.
Published On: January 3, 2023 08:30 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 2: Nepal’s banking system holds demonetized Indian currency (IC) worth over Rs 50 million, which the Indian authorities have refused to take back.
Published On: January 1, 2023 09:50 AM NPT By: RAJESH KHANAL
KATHMANDU, Jan 1: The Department of Revenue Investigation (DRI) filed 42 cases of revenue leakage worth Rs 8.29 billion in a one-year period of 2022.
Published On: December 30, 2022 09:00 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 30: Nepal is estimated to have produced 5,486,472 tons of paddy this year, which is 6.94 percent more than the yield of last year.
Published On: December 28, 2022 08:15 AM NPT By: RAJESH KHANAL
KATHMANDU, Dec 28: China on Tuesday permitted a notable number of Nepal’s cargo trucks carrying exportable goods to move across the border at the Rasuwagadhi-Kerung checkpoint, ending a 31-month long unannounced blockade.