Private sectors maintain that the new provision will reduce demand for loans, adversely affect production and trading businesses and shrink possibilities of employment generation.

KATHMANDU, Feb 15: More than half of the over 1,800 firms across the country that have been recently monitored have faced action in the first seven months of the current fiscal year, 2021/22, according to the Department of Commerce, Supplies and Consumer Protection.

KATHMANDU, Jan 20: Banks and financial institutions (BFIs) approved refinance loans worth Rs 106.8 billion to a total of 24,267 firms as of mid-January.

KATHMANDU, Dec 28: Nepal Rastra Bank (NRB) has sought to curb the working capital loan citing mainly the loans on import amid worsening liquidity crunch and ballooning imports.

Over 6,100 firms join VCTS

July 30, 2019 02:30 am

KATHMANDU, July 30: A total of 6,172 companies have signed up for vehicle, consignment tracking system (VCTS) as of Monday.

KATHMANDU, August 2: All industries will have to submit their progress reports of the Fiscal Year 2017/18 to the government by mid-January 2019, according to a provision of Industrial Enterprise Act 2073 BS that came into force from the past fiscal year.

KATHMANDU, Aug 1: A new provision in the Foreign Employment Bill that envisages doubling the amount of guarantee for granting license to foreign employment agency has drawn flak from foreign employment firms.

KATHMANDU, July 22: National Reconstruction Authority (NRA) has sought information about six Chinese firms that have partnered with Nepali civil contractors to submit a bid for rebuilding of Dharahara.

WASHINGTON, June 25: The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant technology,” a government official briefed on the matter said on Sunday.

KATHMANDU, April 3: As many as 18 companies have sought the approval of the Securities Board of Nepal (Sebon) to float 54.71 million units of shares worth Rs 4.33 billion to general public.

KATHMANDU, Feb 19: The Central Investigation Bureau (CIB) of Nepal Police has arrested eight operators of investment companies on the charge of committing banking fraud and charging exorbitant interests -- over 24 percent -- on loans.

KATHMANDU, Jan 17: The Nepal Army (NA) has decided not to purchase the Detailed Project Report (DPR) for the Kathmandu-Terai/Madhes Expressway prepared by an Indian consortium, citing technical shortcomings and exorbitant price.

KATHMANDU: Butwal Power Company Ltd (BPC) has announced partnership with three Chinese companies for hydropower development in Nepal.

KATHMANDU, Nov 24: Butwal Power Company Limited (BPC) has announced partnership with three Chinese companies for hydropower development in Nepal. Issuing a statement on Wednesday, the hydropower company said that it was tying up with Sichuan Provincial Investment Group Co Ltd (SCIG), Chengdu Xingcheng Investment Group Co Ltd (CXIG) and Qing Yuan Engineering Consulting Co Ltd.

KASKI, Nov 22: Sixteen business houses and trading firms have been blacklisted by the Inland Revenue Office (IRO), Pokhara after they were found evading Value Added Tax (VAT).

KATHMANDU, Oct 17: The Securities Board of Nepal (Sebon) is preparing to allow stock brokerage firms to provide margin trading service to their clients.

KATHMANDU, Oct 18: The Securities Board of Nepal (Sebon) is preparing to allow stock brokerage firms to provide margin trading service to their clients.

KATHMANDU, Oct 17: A total of 21 firms are under scanner of Inland Revenue Department under doubtful financial accounts and transactions, officials of IRD informed.

KATHMANDU, Oct 4: The Public Procurement Monitoring Office (PPMO) has blacklisted 17 civil contractors for breaching contractual agreements and failing to complete the projects within the agreed timeframe.

KATHMANDU, Aug 7: The Department of Revenue Investigation (DRI) recently found that a licensed tax assistant had set up three firms to create fake VAT bills through artificial transactions.

KATHMANDU, July 23: It has been learned that the Tax Settlement Commission had settled tax disputes of several firms without receiving permission of case withdrawal from the Revenue Tribunal.

JAKARTA, July 8: Indonesian state firms are courting foreign pension funds by offering a share in future revenue from toll roads, power stations and other infrastructure projects, as part of a presidential drive to secure $10 billion in additional inflows.

KATHMANDU, June 13: Professional bodies of contractors, consultants and engineers have said that the government itself should select contractors for roads projects being financed by utilizing Indian line of credit (LoC).

KATHMANDU, April 4: Beema Samiti says is going to clear from its pending tray applications for licenses to operate as insurance companies submitted before 2008.

KATHMANDU, March 27: With Nepal Stock Exchange (Nepse) and Securities Board of Nepal (Sebon) at the loggerheads over expansion of remote work station (RWS), or branch office, brokerage firms have started provided stock trading services in places outside the Kathmandu Valley.

KATHMANDU, Feb 2: Tanahun Hydropower Ltd has shortlisted five contracting firms for its civil works.

KATHMANDU, Feb 1: Tanahun Hydropower Ltd has shortlisted five contracting firms for its civil works.

KATHMANDU, Jan 10: Nineteen firms have showed interest to conduct feasibility study for Kathmandu-Birgunj Electrical Railway Project.

A Shanghai court ordered two Chinese firms to pay Walt Disney Co and Pixar more than 1.35 million yuan ($194,440) compensation for copying parts of their hit movies Cars and Cars 2, the official Xinhua news agency reported on Saturday.

KATHMANDU, Dec 29: The government has amended the working procedure of Economic Rehabilitation Fund, allowing bank and financial institutions (BFIs) to seek new applications from industrialists and entrepreneurs who uncured loss due to unofficial economic blockade imposed by India and the unrest in Tarai districts last year.

BUTWAL, Nov 7: The Bhairahawa Special Economic Zone (SEZ) has signed an initial agreement with 14 firms interested to set up their industries in the zone.

TOKYO , Sept 14: Got stinky colleagues? Japan has a seminar for that.

KATHMANDU, Sept 8: Over 67 companies have sought license from Nepal Rastra Bank (NRB) to provide payment-related services.

KATHMANDU, Aug 26: When Employees Provident Fund (EPF) agreed to a loan-finance of Rs 800 million to build 22 MW Chilime Hydropower Project two decades ago, it took many by surprised and was seen as a high risk decision.

KATHMANDU, Aug 17: The government filed cases against 206 business firms in Fiscal Year 2015/16, charging them of selling sub-standard food products.

KATHMANDU, Aug 15: The government has made profit earned by firms and non-government organizations by selling land and buildings taxable income, requiring them to pay 10 percent as advance tax while transferring ownership.

KATHMANDU, Aug 11: Seven Chinese companies have shown interest in carrying out the feasibility study of the proposed Rasuwagadhi-Kathmandu railway.

KATHMANDU, July 21: The Trade and Export Promotion Center (TEPC) has nominated 38 traders and business organizations for Commercially Important Person (CIP) Award.

KATHMANDU, July 18: Ending Nepal Oil Corporation's monopoly in petroleum trading, the government has issued permanent license to 11 private companies which allows them to do petroleum business in Nepal.

KATHMANDU, June 28: The government is introducing a provision to license micro insurance companies in a new law that it is drafting to replace the existing Insurance Act, 1992.