BIRGUNJ, Sept 19: The Indian customs office at Kolkata port has given 84.33% subsidy for Nepali cargo duty insurance. The office has a provision to charge the importers duty insurance equal to the risk on revenue while importing goods via India.

HONG KONG/SHANGHAI, July 30:  China’s Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago

SAN FRANCISCO, July 26: Twitter Inc (TWTR.N) posted a better-than-expected second-quarter revenue on Friday and an uptick in daily users who see advertisements on the site, driven by changes to show users more relevant content.

KATHMANDU, July 25: The Metropolitan Traffic Police Division (MTPD) has collected revenue of Rs 310.56 million in a fine from the Kathmandu Valley in the last fiscal year 2018/19 for the violation of traffic rules.

Pokhara targets tourism for revenue

June 26, 2019 05:00 am

POKHARA, June 25: Pokhara Metropolitan City has identified tourism as one of the major sources for revenue mobilization.

66 kg of gold seized in FY2018/19

June 18, 2019 11:35 am

KATHMANDU, June 18: The Department of Revenue Investigation (DoRI) has filed a total of 81 cases related to revenue evasion and leakage in the current fiscal year – FY2018/19.

Worldwide cancer drug sales are already way ahead of those of other drugs and the revenue generated by them is expected to grow even larger by 2024. This is according to a report recently released by consultancy Evaluate, which analyses trends in the pharmaceutical sector.

MUGU, June 4: The local authorities of Mugu have collected Rs 10 million in revenue from entry fee charged to yarsagumba collectors in the district. People from the district as well as outside have reached the highlands of Mugumkarmarong Rural Municipality of Mugu to collect the prized fungus which is found in abundance in the district.

BIRGUNJ, May 25: Revenue collection by Birgunj Customs Office has seen a shortfall by 13% against the target till mid-May. The office, which generates the largest volume of revenue among all customs offices of the country, mobilized only Rs 120 billion out of the targeted Rs 139 billion, according to records at the office.

KATHMANDU, May 25: The Revenue Advisory Committee has presented its report to the Minister for Finance, Yuba Raj Khatiwada, providing recommendations to the government on revenue policy and programs, laws and regulations, reforms, tax rates, and other measures to be introduced in the budget for the upcoming Fiscal Year 2019/20.

Tourist arrival up in Bhaktapur

May 14, 2019 14:30 pm

BHAKTAPUR, May 14: The number of visitors to Bhaktapur has increased this year, resulting in rise in revenue to the Bhaktapur municipality.

TIKAPUR, May 9: Bal Bahadur Rawat of Janaki Rural Municipality-1, Durgauli was obliged to make rounds of the Land Revenue Office (LRO), Tikapur, for five days to freeze the transaction of his land. Similarly, it has been two days since Sher Bahadur Budha of Bardagoriya Rural Municipality-1 has been visiting the LRO for the transfer of his land to his brother.

Erosion of political capital

May 7, 2019 01:25 am

The present economic model of Nepal has a number of interesting structural characteristics. First, it focuses on imports. The government gets most of its revenue from import which is the basis for financing public expenditure, mostly regular expenditure necessary for the functioning of the state. In an import-based revenue structure, there is an embedded incentive to maintain luxury imports.

KATHMANDU, April 24: Minister for Finance Yuba Raj Khatiwada has said that the government would not prefer uncontrolled imports just to meet its revenue targets.

KATHMANDU, April 15: Office of the Auditor General (OAG) has included Rs 90 billion in 'revenue to be recovered' after auditing government's financial reports of Fiscal Year 2017/18.

KATHMANDU, March 26: The Department of Tourism has collected revenue of around Rs 40 million in four days from the mountain climbing permits. The Department has been issuing the permit for spring since March 23.

BIRGUNJ, March 21: Birgunj Customs Office, the main collector of customs revenue, has lagged behind in revenue collection.

BERLIN, Feb 13: Revenues for Bundesliga’s top two divisions in 2017-18 rose by over 10 percent year-on-year to €4.42 billion (£3.88 billion), marking the 14th consecutive year of growth, the German Football League (DFL) said in its annual report on Wednesday.

NEW YORK, Jan 31: Facebook reported robust earnings and revenue that handily surpassed Wall Street expectations for the final quarter of 2018 despite heavy spending on safety and security.

BIRATNAGAR, Jan 18:  The Inland Revenue Office, Biratnagar, has collected Rs 3.18 billion in revenue in the first six months of the current fiscal year. According to the office, Rs 2.46 billion was collected during the review period in the last fiscal year.

KATHMANDU, Dec 25: The Commission for the Investigation of Abuse of Authority (CIAA) on Monday filed a corruption case at the Special Court against 16 people including land revenue officials and other individuals on the charge of selling a plot of land by creating a fake owner and land ownership certificate while keeping the rightful owner in the dark.

KATHMANDU, Dec 23: The Department of Tourism (DoT) has collected revenue of Rs 451 million in the first four months of the current Fiscal Year 2018/19.

KATHMANDU, Nov 4: The government has collected Rs 206.6 billion in revenue so far in the current fiscal year 2075/76 ( 2018-19).

PARSA, Nov 4: The revenue collection by the Birgunj Customs Office in the past three months of the current fiscal year exceeded the target. The office gathered over Rs 43.19 billion in revenue in this period against the target of Rs 37.75 billion.

RASUWA, Oct 25: Rasuwagadhi Customs Office has surpassed revenue target for the first quarter of Fiscal Year 2018/19. The customs office along Nepal-China border collected Rs 2.32 billion between mid-July and mid-October. The collection is 3.87 percent higher than the targeted Rs 2.2 billion.

BIRGUNJ, Oct 11: Vehicles worth Rs 8.28 billion were imported to Nepal from India and other third countries till the first two and a half months of the current fiscal year. Out of total revenue collected from the Birgunj Customs Office, 40 per cent revenue was collected from the vehicles, said Customs Officer Santosh Yadav.

KATHMANDU, Sept 24: The government has yet to start internal borrowing this fiscal year, as it is in a comfortable position having collected revenues in excess of the total government expenditure.

Sept 18: 6 things to know by 6 PM today

September 18, 2018 18:00 pm

Your daily dose of missed important news of the day.

KATHMANDU, Sept18: Finance Minister Yuba Raj Khatiwada has ruled out the full-fledged budget until the half-yearly review is done on the current fiscal budget.

KATHMANDU, Sept 10: The Central Investigation Bureau (CIB) of Nepal Police has arrested a man for collecting Rs 13.1 million from different persons by promising them job in Japan under the government quota.

KATHMANDU, Aug 28: The government has got off to a good start in terms of revenue mobilization as it came close to meeting its revenue target for the first month of Fiscal Year 2018/19. According to data of the Ministry of Finance, the government collected a total of Rs 62.97 billion in revenue in the first month (mid-July to mid-August) of the current fiscal year, compared to the target of Rs 63.64 billion. The revenue collection, however, Rs 670 million short of the revenue target for the month.

DoT sees revenues rise by 26%

August 27, 2018 09:47 am

KATHMANDU, Aug 27: Revenue collected by the Department of Tourism (DoT) increased by 26 percent in Fiscal Year 2017/18, thanks to recovery of longstanding dues from casinos.

NUWAKOT, July 28: The District Administration Office has collected revenue worth Rs. 2.69 million in the previous fiscal year 2074/75.

NUWAKOT, July 28: The District Administration Office has collected revenue worth Rs. 2.69 million in the previous fiscal year 2074/75.

KATHMANDU, July 24: According to Revenue Secretary Shishir Kumar Dhungana, the government imposed the new tax after finding income tax collection from the sector very low. He, however, clarified that the tax cannot be passed on to consumers.Fruits and vegetable traders have allegedly hiked prices after TDS came into effect from last Tuesday -- the start of new Fiscal Year 2018/19.

RASUWA, July 21: The Rasuwa Customs Office in Timure has doubled the revenue collection in the outgoing fiscal year compared to the previous fiscal.

KATHMANDU, July 21: The government has claimed that imposing Telecommunication Service Charge (TSC) on internet service is aimed to make up for telecom revenues from voice calls that is continually declining in recent times.

BIRGUNJ, July 18: Birgunj Customs Office, the largest customs point of the country, mobilized Rs 161 billion in revenue under different headings in Fiscal Year 2017/18. The revenue figure also includes revenue collected by Dry Port Customs Office.

DHARAN, June 21: Dharan Sub-metropolitan City of Sunsari district could not meet its revenue mobilization target of the current fiscal year. As the new fiscal year approaches, the metropolis faces immense pressure to enhance its revenue mobilization.

Measures introduced by finance minister not yielding desired results

KATHMANDU, April 25: The government has launched e-payment system for paying government revenue.

KATHMANDU, April 25: The drop in revenue from import of readymade garments, and tobacco products and its raw materials in the first eight months of current fiscal year, i.e. from mid-July 2017 to mid-February 2018, has left government officials worried.

BAITADI, April 19: Mahakali Customs Office, which had been surpassing revenue collection target with ease in the past years, is struggling to meet revenue target set by the government in the current fiscal year.

KATHMANDU, April 15: The Narayanhiti Durbar (Palace) Museum has welcomed more than 2.7 million visitors in nine years of its operation.

KATHMANDU, Mar 7: Nearly an hour of 20-year-old Jenish Shrestha's day is spent on speaking to his friends over the phone.

KATHMANDU, March 3: Finance Minister Dr Yubraj Khatiwada has directed the chiefs of the customs office to resolve the loopholes witnessed in revenue collection.

Nepalgunj collects Rs 57.1 m in revenue

February 25, 2018 16:23 pm

BANKE Feb 25: Nepalgunj Sub Metropolitan City has collected Rs 57.1 million in revenue until mid-February of the current fiscal year 2017\18.

KATHMANDU, Feb 22: A team from the Commission for Investigation of Abuse of Authority (CIAA) on Tuesday arrested Chudamani Chapagain, section officer of Bhaktapur Land Revenue Office, on the charge of receiving bribe from service seekers.

KATHMANDU, Feb 21: A team from the Commission for Investigation of Abuse of Authority (CIAA) on Tuesday arrested Chudamani Chapagain, section officer of Bhaktapur Land Revenue Office, on the charge of receiving a bribe from service seekers.

UDAYAPUR, Feb 18: Revenue records of the first six months of current fiscal year at the Taxpayer Service Office (TSO) show that the office is well on track to meet its annual revenue target.