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Japan tech giant SoftBank posts $23 billion quarterly loss

KATHMANDU:- Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its

GMR to complete power sale deal within deadline

KATHMANDU:- GMR Upper Karnali Hydropower Limited, which is developing the Upper Karnali Hydropower Project, has expressed its commitment to conclude

1,807 EVs imported in Nepal in last fiscal year 2021/22

KATHMANDU:- A total of 1,807 electric vehicles (EVs) were imported in the country in the last fiscal year 2021/22. According

60 per cent of paddy plantation completed

KATHMANDU:- The Ministry of Agriculture and Livestock Development has said that 60 percent of paddy plantation has been completed across

Government to provide Rs 7 billion loan to Nepal Oil…

KATHMANDU:- The government is to provide a loan of Rs 7 billion to Nepal Oil Corporation (NOC) to make the

Government meets 88.41 percent target in revenue collection

KATHMANDU:- The government had a target of collecting revenue of over Rs 1,180 billion in the current fiscal year and

Nepal has more than 4 million taxpayers

KATHMANDU:- There are four million taxpayers in the country. As per the 59th report released by the Office of the

Rs 904 billion remittance inflow recorded in 11 months

KATHMANDU:- Remittance inflow has recorded to be Rs 904 in the first 11 months of the current fiscal year 2021-22.

Nepal Govt to accept World Bank concessional loan

KATHMANDU:- The government has decided to accept the concessional loan of 59.6 million SDR to be provided by the World

Rs 8.3 million rupees stacked into potato sack

KATHMANDU:- Two persons have been arrested in Dhanusha today along with Rs. 8.364 million rupees found stacked inside a sackfull

Tehrathum declared ‘dhaka capital’

TERHATHUM:- Tehrathum district has been declared the 'capital of dhaka clothes'. The Ministry of Industry, Commerce and Supply, and Myanglung

Nepal Government slashes Rs 20 per litre in petrol and…

By CB Adhikari, KATHMANDU:-The government has decided to slash the price of petroleum products. A cabinet meeting on Saturday decided

Country’s trade deficit reaches Rs 1577 billion in 11 months

KATHMANDU:- The country has witnessed a trade deficit of Rs 1577 billion in the first 11 months of the current

Govt to accept Rs 366 million grant from Japan

KATHMANDU:- The government has decided to accept the grant of Japanese Yen 376 million (approximately Rs 366 million) from the

Switzerland agrees to assist Nepal for ReMi project

KATHMANDU:- Nepal and Switzerland have signed an agreement for the implementation of the project “Reintegration of Returnee Migrant Workers (ReMi)”

IRD releases new tax rate to be effective from new…

KATHMANDU:- The government has changed the rate of income taxes from the new fiscal year 2079/080 BS. With the announcement

Budget a guiding document for every sector: Finance Minister Sharma

KATHMANDU:- Finance Minister Janardan Sharma has claimed that budget is a guiding document for every sector. Responding to the queries

KOICA provides 8 million US Dollars to assist reintegration project

KATHMANDU:- Country Director of Korea International Cooperation Agency (KOICA) Sunghoon Ko paid a courtesy call on Minister for Labour, Employment

Nepal’s Chamber urges Malaysia for establishment of industrial village in…

KATHMANDU:- Nepal Chamber of Commerce (NCC) has urged Malaysia for the establishment of industrial village in Nepal. The NCC representatives

MCC Compact published in Nepal Gazette

KATHMANDU:- The Millennium Challenge Corporation (MCC) Compact has been published in the Nepal Gazette, the government's official bulletin. With this,