Economy

Tax exemption only on electric vehicles: Minister Khatiwada

Kathmandu / August 27: Finance Minister Dr Yubaraj Khatiwada has urged industrialists and entrepreneurs to pay tax honestly. Inaugurating NADA Auto Show 2019 at Bhrikuti Mandap, Kathmandu on Tuesday, Minister Khatiwada accused entrepreneurs of tax evasion through the import of petrol and diesel vehicles claiming them to be electric. “The government has a policy of […]


Nepal is suitable for investment: Finance Minster

Kathmandu / August 14: Finance Minister Dr Yubraj Khatiwada has said that Nepal holds a suitable atmosphere for investment. Minister Khatiwada during a meeting with the ambassador to Nepal, Saeed Hamdan Al Naqei, called on the entrepreneurs of UAE to invest in the infrastructure and industrial sector. “Furthermore, irrigation, energy, tourism and agriculture sectors are […]


विद्युत् प्राधिकरण मुनाफामा, चुहावट नियन्त्रणमा उल्लेख्य सफलता

अशोक घिमिरे / काठमाडौँ, साउन २८ गते । सरकारी स्वामित्वका संस्थान घाटामा जाँदा सधैँ सरकारका लागि टाउको दुःखाइको विषय बनिरहँदा नेपाल विद्युत् प्राधिकरणले भने अन्य संस्थानको तुलनामा आफूलाई फेरि पनि अब्बल साबित गरेको छ । पछिल्लो दश वर्षयता निरन्तर घाटा व्यहोर्दै आएको प्राधिकरणले आर्थिक वर्ष २०७२/र७३ देखि आफ्नो नाफाको यात्रालाई निरन्तरता दिँदै आएको छ । […]


12,000 taxi drivers faced action for cheating passengers

Kathmandu / August 7: Traffic police have taken action against 12,749 taxi drivers in Kathmandu Valley for cheating passengers in various pretexts. A team from Metropolitan Traffic Police Division slapped action against taxi drivers for arbitrarily charging non-metered fare and meter-tampering in the fiscal year 2075/76 BS. The Traffic Division had taken action against 8,120 […]


Govt to pull back budget if not used within second quarter of FY

Kathmandu / August 6: The Finance Ministry now can pull back the budget allocated to projects if it not used within the second quarter of a fiscal year. The meeting of the finance committee under the federal parliament on Tuesday endorsed the provision which was incorporated in the Financial Procedures and Financial Responsibility bill presented […]


Tax compulsory: Finance Minister Dr Khatiwada

Lalitpur / August 4: Minister for Finance, Dr Yubaraj Khatiwada has said the government was active to intensify the pace of development by ensuring social security to the citizens by collecting tax through a healthy tax administration. In his address to a management seminar organised by the Inland Revenue Department here today, he said efforts […]


NAC’s introductory airfare to Japan Rs 36,999

Kathmandu / July 29: Nepal Airlines Corporation (NAC) has introduced a new airfare for Osaka in Japan for Rs 36,999 including VAT. The Nepal Airlines’ new wide-body aircraft will take off for a direct flight to Osaka from Nepal on August 29 this year, which is the aircraft’s first flight on the long haul. The […]


Nepal has yet to lay foundation for sustainable development, say former finance ministers

Kathmandu / July 26: Three former finance ministers on Friday have accused the government of failing to lay the economic foundation for sustainable development. Speaking at the program organized in the capital on Friday to make public ‘Nepal Economic Outlook 2019-20’, former finance minister and the chairperson of the federal council of the newly formed […]


NRB unveils monetary policy for FY 2019/20; PAN mandatory for loan

Kathmandu / July 24: Nepal Rastra Bank unveiled Monetary Policy for the Fiscal Year 2019/20 on Wednesday that has paved the way for the establishment of branches of Nepali financial institutions in foreign countries. While making public the Monetary Policy at a televised press meet in the capital, Governor Chiranjivi Nepal said that Nepali financial […]


Finmin Khatiwada vows to promote social security in the country

Kathmandu / July 22: Finance Minister Yuba Raj Khatiwada on Monday said that Guthis (trusts) can contribute to promoting social security schemes launched by the government. Speaking at a conference titled “On the path to Universal Social Protection in Nepal” in the capital, Minister Khatiwada said that the tradition of loving and respecting juniors has […]




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