KATHMANDU: The government has made slight revision in the tax imposed on infrastructure development.
The tax on infrastructure development was first introduced by then finance minister Bishnu Poudel in 2073/74. As the national pride project, this tax was implemented on the Budhigandaki Hydropower Project.
A total of Rs 41 billion has been raised so far with the tax of Rs 5 per liter in petroleum products at custom point. The amount has been used for compensation to the land acquired for the project.
With the revision, the government has increased it to Rs 10 per litre petroleum product at custom point. The decision to this was made by the Cabinet decision three days back.
Sharing information about the government decisions at a press meet today, Minister Khatiwada said the tax now onward would be imposed on aviation fuel as well.
According to him, Nepal Rastra Bank would get new governor in third week of March.
In response to a question whether he would be continued as National Assembly member, Dr Khatiwada requested everyone to have patience till March 4, the day to conduct swearing-in ceremony of new members of the National Assembly.
Comment here !
KATHMANDU:- Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its
KATHMANDU:- GMR Upper Karnali Hydropower Limited, which is developing the Upper Karnali Hydropower Project, has expressed its commitment to conclude
KATHMANDU:- A total of 1,807 electric vehicles (EVs) were imported in the country in the last fiscal year 2021/22. According
KATHMANDU:- The Ministry of Agriculture and Livestock Development has said that 60 percent of paddy plantation has been completed across