Stories Tagged 'Revenue collection'
Revenue collection at Birgunj Customs dropped to almost half of the targeted amount with the disruption in cargo movement following protests by customs agents last week.
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Throughout the Nepali film industry’s half-a-decade history, it has never had a means to gauging just how popular a film is and how much money it is making. Although producers often tout their films as having done excessively well, raking in millions of rupees, an objective measure has always been lacking. All industry watchers had to rely on was the length of time a film was in theatres.
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Revenue collection in Rasuwa district has been adversely affected due to the obstructed roads caused by rainfall-induced landslides since July 27.
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The two customs points at Birgunj—Integrated Check Post (ICP) and Sirsiya Dry Port—collected revenue worth Rs158 billion in the last fiscal year.
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The government is all set to introduce austerity measures, as its budget deficit is widening due to higher recurrent expenditure, error in calculation of savings in the last fiscal year and low mobilisation of foreign grants.
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There is wide disparity in income generating capacity of different provinces in the country, with Province 6 and Province 3 making smallest and biggest contribution to the central government’s revenue, respectively, the latest report of the Ministry of Finance (MoF) shows.
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