Category: Finance

Kathmandu: Air turbine fuel (ATF) supply has halted at three busy airports including Gautam Budhha International Airport. The transporters have stopped supplying fuel to Bhairahawa’s Gautam Buddha International Airport, Dhangadhi and Nepalgunj Airports for seven days demanding an increase in fares. The domestic air flight companies have said that they have been affected by this… Continue reading ATF supply halted at three airports owing transporters protest

Kathmandu: Kathmandu Metropolitan City (KMC) has written to seven casinos asking them to pay entertainment tax within a week. By sending a letter on Sunday, the Metropolitan city asked Deltin of Hotel Marriott, Casino Palace of Hotel Annapurna, Casino Rad of Hotel Radisson, Pride International and Recreation of Hotel Hyatt, Majong of Hotel Solti and… Continue reading KMC warns seven casinos to pay tax within a week

Kathmandu: The government is going to operate fair price shops targeting major festivals including Dashain from September 17. The Ministry of Industry, Commerce and Supply has stated that it has been decided to operate the fair price shop until the Chhath festival (45 days) with the participation of food management and trading companies, salt trading… Continue reading Govt to begin fair price shop from Sept 17 targeting festivals

Kathmandu: Kathmandu Fun Park has started paying taxes to the Kathmandu Metropolitan City. The park has paid 1.7 million rupees for entertainment tax to KMC. The metropolis charges 5 percent of the entrance fee as entertainment tax. The park paid business tax of 261,000 rupees on Thursday itself. Funpark has been paying monthly rent of… Continue reading Kathmandu Fun Park paid 1.7 mn tax after KMC issue ultimatum

Kathmandu: The government is going to start an evening heritage tour in Kathmandu Valley. This program was included in the tourism revitalization action plan brought by the Minister of Culture, Tourism and Civil Aviation Jeevan Ram Shrestha. On Wednesday, Minister Shrestha discussed with the stakeholders about starting the evening walk in the heritage areas of… Continue reading Govt to begin evening heritage tour in Kathmandu

Kathmandu: The Government of Nepal and the World Bank today signed a concessional financing agreement for $100 million (equivalent to Rs. 12.7 billion) for Green, Resilient, and Inclusive Development (GRID). The proposed budgetary support aims to support improvements in the enabling environment in Nepal toward a green, climate-resilient, and inclusive development. This is the first… Continue reading World Bank gives $100m for Nepal’s green, resilient, and inclusive development

Kathmandu: Industrialists have started initiatives to start cargo transportation services from the second international airport, Gautam Buddha International Airport. Kuwait’s airline Jazeera Airways is flying 3 days a week at the airport. The company has also announced to regular flight soon. Amid this, businessmen are interested in the cargo flight as the flight will take… Continue reading Private sector initiates to begin cargo service from GBIA

Kathmandu: Jazeera Airways of Kuwait has decided to operate a daily flight from and to Gautam Buddha International Airport (GBIA), Bhairahawa. Currently the airlines has been operating three flights a week. Now it will operate a regular flight in this route from September 1. Jazeera has regular flights from Kuwait to both Kathmandu and Bhairahawa… Continue reading Jazeera airways to operate daily flight from and to Gautam Buddha airport

Kathmandu: The improvement seen in the tourism sector affected by the Corona virus (Covid-19) epidemic has gradually started to be seen in the income as well. Tourism income has improved in the fiscal year 2021/22. According to Nepal Rastra Bank, the tourism income this year is 32.44 billion rupees. The income from tourism sector was… Continue reading Nepal earns 32 and a half bn from tourism in last 12 months

Kathmandu: Nepal Oil Corporation (NOC) has again refused to reduce fuel price eventhought the Indian Oil Corporation has reduced the fuel price. Rather NOC has requested the consumers to understand the loss of NOC.The corporation has also said that earlier it didn’t fuel price understanding the situation of consumers, now its consumer’s role to cope… Continue reading NOC again refuses to reduce fuel price