Money

Earthmover sales soar on construction boom

Post Report, Jun 28 2017

An ongoing construction boom and increased development activities in the country have led to a significant rise in demand for heavy equipment and machinery.
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Indian Railways hikes demurrage on wagons

BHUSHAN YADAV, Jun 28 2017

Indian Railways has hiked demurrage on wagons by up to sixfold, making life hard for Nepali importers, traders said.
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Gas stations in Kathmandu run out of fuel

Post Report, Jun 28 2017

Most of the private petrol pumps operating in the valley bore a deserted look on Tuesday as most of the gasoline stations were closed, hanging the information board of ‘No Petrol’.
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India’s GST to make goods expensive in Nepal

KAMAL DEV BHATTARAI, Jun 28 2017

Third-country goods imported by Nepal via India are likely to become expensive following the implementation of Goods and Services Tax (GST) in the southern neighbour from Saturday.
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LTO determines Rs60.71b as capital gains tax

SANJEEV GIRI, Jun 28 2017

The Large Taxpayers’ Office (LTO) on Tuesday concluded that the government needs to recover Rs60.71 billion in capital gains tax from the Ncell buyout deal.
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Correction

Jun 27 2017

The foreign exchange rates that appeared on the print edition of Money, a four-page business pullout of The Kathmandu Post, on Tuesday (June 27) are not correct.
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Vegetable prices soar by up to 66pc in Ktm

Post Report, Jun 27 2017

Prices of vegetables have started going up in the Kathmandu Valley due to decline in supply following the advent of monsoon and paddy plantation season.
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Shikhar Insurance plans FPO despite Sebon ban

Post Report, Jun 27 2017

Shikhar Insurance has announced a further public offering (FPO) despite new guidelines from the Securities Board of Nepal (Sebon) forbidding listed companies from making frequent FPOs to raise capital.
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Ang Rita bestowed Guinness honours

Post Report, Jun 27 2017

The name of Ang Rita Sherpa has finally been engraved in the Guinness World Records as the only person in the globe to have reached the summit of Mt Everest 10 times without the use of supplemental oxygen.
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Govt unlikely to meet capital expenditure target

Post Report, Jun 27 2017

Fiscal year 2016-17, which will end on July 15, will be remembered as yet another year when the government failed to expedite construction of physical infrastructure that is much needed to spur economic growth.
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Feasibility study for high dam on Saptakoshi starts

SHANKAR ACHARYA, Jun 27 2017

A joint technical team representing Nepal and India has started a feasibility study for the construction of a high dam on the Saptakoshi River which will provide year-round irrigation facility to a dozen districts from Jhapa to Parsa.
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Technical panel to study shrinkage loss problem

Post Report, Jun 26 2017

Nepal Oil Corporation (NOC) promised to form a technical committee to resolve the problem of shrinkage loss that gasoline stations have been facing after they threatened to stop taking deliveries.
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NRB mulling to increase size of refinancing fund

Post Report, Jun 26 2017

Nepal Rastra Bank (NRB) has been mulling to increase the size of its refinancing fund. The central bank is holding talks with officials of the Prime Minister’s Office (PMO) to expand the reserve which currently stands at Rs10 billion.
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Nepse plunges 30.1 points

Post Report, Jun 25 2017

Nepal Stock Exchange (Nepse) plunged 30.1 points to close at 1,559.49 points last week, as banks were reluctant to issue more loans, with the end of the fiscal year approaching.
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Repair work on Upper Trishuli 3A at final stage

Post Report, Jun 25 2017

A Nepal Army team deployed to repair various sections of the access road has already completed the widening of the road and is currently busy constructing retention walls at both sides of the road.
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