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Bank withdrawals to pay income tax squeezing liquidity
January 12, 2019 02:05 am
KATHMANDU, Jan 12: With the income tax filing deadline of Paush-end [January 14] approaching, registered enterprises are withdrawing money from their bank accounts to pay the taxes, putting further pressure on the liquidity of banks. Bankers said this will cause the 'credit crunch' to worsen further in the coming months.
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