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Mechi customs collect revenue over Rs 12.93 billion

The Mechi Customs Office, Kakadbhitta has collected revenue over Rs 12.93 billion in the 11 months of the current fiscal year. The Customs Office has collected 77.57 percent revenue against the target with one month left for the end of the curren…

Nepse plunges double digit; 39% tax hike proposal chills investors

The recommendation to levy hefty 39 percent of tax on the income generated through the trading of shares has significantly impacted the share markets today. The high-level recommendation committee on tax system reform led by Bidyadhar Mallik reco…

​​​​​​​Nepal initiated steps for economic reforms, PM tells WB's Senior MD Trotsenburg

The World Bank's Senior Managing Director (MD), Axel van Trotsenburg, paid a courtesy call on Prime Minister Pushpa Kamal Dahal at the latter's official residence in Baluwatar this evening. According to the PM's secretariat, the two d…

Gold price Rs 142,800 per tola today

The price of gold has increased by Rs 1,600 per tola (11.66 grams) in the domestic market. The Federation of Nepal Gold and Silver Dealers' Association stated that hallmark gold was traded at Rs 141,200 per tola on Friday and its price has been …

Bagmati govt brings budget of Rs 64.54bln for FY 2024/025

The Bagmati Province Government has announced a budget of Rs 64.54 billion for the fiscal year 2024/025. Economic Affairs and Planning Minister of Bagmati Province Jagannath Thapaliya tabled the budget at the province assembly meeting on Saturday…

Petrol price down by Rs 3, diesel and kerosene Rs 1 per liter

The Nepal Oil Corporation (NOC) has decreased the prices of petroleum products. According to the NOC, the price of petrol has been slashed by Rs 3 per liter, while the prices of diesel and kerosene have been lowered by Rs 1 per liter. A meeting o…

Bangladesh and Bhutan airlines eye Pokhara flights, seek tax exemption

After remaining grounded for a year and a half with no regular flights taking off, Pokhara International Airport has received offers for direct flights from airlines in Bangladesh and Bhutan. Two airlines, Air Astra and Drukair, have requested th…

Indian businessmen in Nepal complain of high tax on raw materials

Indian businessmen in Nepal have complained about equal tax rates imposed on both raw materials and manufactured goods. Representatives of the Indian companies operating in Nepal expressed grievances during a meeting with Deputy Prime M…

FNCCI President calls for foreign investment to realize social justice

President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal has said that Nepali businesses enjoy a strong employer-employee relationship and no significant labor issues have been faced in recent years. …

Int’l tourism fair in Kathmandu from Friday onward

An international tourism fair is taking place in Kathmandu from Friday so as to promote tourism of the country at international level. The fair is to take place on the participation of tourism entrepreneurs from 16 countries. More than 150 stalls…
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