Category: Finance

Kathmandu: Prime Minister Sher Bahadur Deuba has said that Nepal will be upgraded from under developed country by 2026. Addressing the Investment Board Nepal’s Sustainable Infrastructure Investment Forum on Wednesday, Prime Minister Deuba said that by 2026, the country will be upgraded to a developing nation by infrastructure development and economic upgrading. He said that… Continue reading Prime Minister Deuba assures to upgrade Nepal from under developed nation by 2026

Kathmandu: Nepal Swarojgar Shramik Trade Union is going to protest against the Kathmandu Metropolitan City. The union has announced to demonstrate in Kathmandu on Thursday, saying that the footpath vendors and small traders have been removed without giving them any alternative way for business. According to the union, the small businessmen will gather at Sundhara… Continue reading Footpath vendors to protest against KMC

Kathmandu: The government has decided to take a soft loan of 35 billion rupees from the World Bank. Government Spokesperson Gyanendra Bahadur Karki informed that the decision was taken by the cabinet meeting held on Monday. According to Karki, this loan has been approved for the transport and trade relations enhancement program. Karki also informed… Continue reading Nepal to take 35bn loan from World Bank

Kathmandu: NADA EV EXPO 2022 will be held at Bhrikutimandap in Kathmandu from September 22. NADA Automobiles Association of Nepal is going to organize an expo with the aim of showcasing electric vehicles, spare parts, financial services and other services in Nepal. The organizer believes that the importance of electric vehicles is increasing day by… Continue reading Electric Vehicle expo to kick off from Sept 22

Kathmandu: Those who went for foreign employment with work permit will get 10 percent reservation in the initial public offering of securities (IPO). With the approval of the Government of Nepal, the Nepal Securities Board issued the Securities Registration and Issuance (Sixth Amendment) Regulations 2022. The regulation has been amended so that when the concerned… Continue reading Migrant workers to get 10 pc IPO reservation

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