Money

LTO turns down Ncell’s request for more time

BIBEK SUBEDI, May 05 2016

Large Taxpayer’s Office (LTO) on Monday turned down Ncell’s request for an additional 90 days’ time for the latter to talk to its previous owner TeliaSonera about the capital gains tax (CGT) issue.
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Banks once again flushed with excess liquidity

Post Report, May 05 2016

The banking system is once again flushed with excess liquidity after a brief spell of contraction at the end of the third quarter.
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Country faces shortfall of ‘55,000 tonnes’ of cooking gas

Post Report, May 05 2016

Gas bottlers have said the country still faces a shortfall of 55,000 tonnes of cooking gas as a result of the four-and-half-month-long India’s trade embargo which ended in the first week of February.
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Taan to mark its 37th anniversary in Langtang

Post Report, May 05 2016

Trekking Agencies Association of Nepal (Taan) has decided to celebrate its 37th anniversary in Langtang on May 29—a move aimed at supporting the rebuilding of local tourism industry.
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Commercial fish farming gaining popularity

AMRITA ANMOL, May 05 2016

With an increasing number of farmers shifting to commercial fish farming from traditional crops, Dayanagar VDC in Rupendehi district has become one of the model villages for fish farming.
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Vaidyakhana to adopt good manufacturing practices

Prahlad Rijal, May 04 2016

Venerable herbal medicine producer Singha Durbar Vaidyakhana Bikas Samiti has moved to adopt good manufacturing practices (GMP) after receiving the green signal from the Department of Drug Administration.
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Few takers for space at GNS Industrial Estate

Post Report, May 04 2016

There have been only six takers for factory space at the Gajendra Narayan Singh (GNS) Industrial Estate in Saptari district which contains 20 plots, Industrial District Management Limited (IDML) said. The manufacturing zone was established in 1986 with Indian assistance.
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NOC giving short measure of fuel, says probe team

Rajesh Khanal, May 04 2016

Nepal Oil Corporation (NOC) has not made timely calibration of its equipment and oil tankers resulting in customers getting short measure of gasoline, an inspection team has revealed.
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Sugar output down amid raw material shortage

Binod Bhandari, May 03 2016

Sugar production at Biratnagar-based Eastern Sugar Mill dropped by 5,000 tonnes this year as a result of raw material shortage.
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Panel to study possible oil imports from China

Post Report, May 03 2016

The government has formed yet another committee to study the feasibility of importing oil from China after a succession of previous panels vanished into thin air without the plan of buying petroleum products from the northern neighbour being realised.
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Karnali lawmakers express concern

Post Report, May 03 2016

Lawmakers representing the Karnali Region have said their “serious attention” has been drawn over the government’s action to ban chartered passenger flights by single-engine aircraft.
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Ncell applies to raise authoriased capital

Post Report, May 03 2016

Amid controversy over whether Swedish-Finnish telecom operator TeliaSonera, which sold Ncell to Malaysia’s Axiata, has to pay capital gains tax (CGT) to the government, Ncell has applied with the Department of Industries (DoI) to raise its authorised capital.
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Pact moves closer to implementation

BIBEK SUBEDI, May 03 2016

The transit transport agreement (TTA) signed between Nepal and China more than a month ago has moved a step closer to implementation with the Ministry of Commerce (MoC) completing an action plan to prepare the protocol to the TTA.
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Farmers’ Market offers varied organic foods

ZENITH KC, May 02 2016

With more Kathmanduites eating organic foods and knowledge about stores selling them spreading, sales of products made without the use of chemical inputs have swelled in the valley.
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VAT-free imports kill domestic production

Binod Bhandari, May 02 2016

Manufacturer of electric rickshaws Hulas Motors has said that the government’s decision to exempt imports from value added tax (VAT) has hurt the production of its battery-operated vehicles which have become extremely popular in the Tarai.
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