Money

Penstock installation completed at Upper Tamakoshi hydro project

RAJENDRA MANANDHAR, Jun 18 2019

Nepal will have surplus electricity after the 456 MW plant comes into operation in February
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Revenue Investigation Department files tax evasion cases against 238 persons

RAJESH KHANAL, Jun 18 2019

Department seeks Rs18.32 billion in fines and up to three years’ imprisonment
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Gold hits four-month high in Nepal

KRISHANA PRASAIN, Jun 17 2019

Demand for the precious yellow metal has plunged nearly 50 percent.
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New tax rule to fine customers who do not receive VAT bill while buying goods

RAJESH KHANAL, Jun 17 2019

The government said the new move is aimed at reducing the risk of value added tax fraud.
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Provincial governments’ combined budget soars to Rs 270 billion

Post Report, Jun 17 2019

Seven provincial governments have based their budgets on the federal grant and revenue collected from local levels.
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Investors flee from market

RAJESH KHANAL, Jun 16 2019

With a downfall in the index, the average daily turnover also slipped to Rs507.21 million from Rs689.06 million in the previous week.
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Province 3 to receive lion’s share of energy royalties

PRAHLAD RIJAL, Jun 16 2019

Provision 3 will get an estimated Rs274.33 million in royalties.
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Farmers hit by fertiliser shortage

MANOJ POUDEL, KAMAL PANTHI, Sanju Poudel, RUPA GAHATRAJJun 16 2019

Frantic farmers in most of the districts in Province 5 said if nothing is done, food production may drop
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Internet providers say they will not hike data costs if service charge is dropped

PRAHLAD RIJAL, Jun 15 2019

Nepal remains among countries with the most expensive internet
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Banks reluctant to take foreign currency loans for lack of hedging solutions

RAJESH KHANAL, Jun 14 2019

After the hedging regulation was implemented last February, Nepal Rastra Bank had planned to launch hedging solutions. Four months have already passed since the regulation was enforced.
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VAT refund privilege scrapped for commercial users of cooking gas, diesel

RAJESH KHANAL, Jun 13 2019

Currently, factories and hotels receive up to 40 percent of the value added tax amount as tax refund
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