Kerosene import drops by half

Posted on 2009-07-02
PARSA: The import of kerosene via Birgunj has declined sharply after Nepal Oil Corporation (NOC) adjusted the prices of kerosene and diesel. Kerosene is mostly used as a fuel for cooking and...< learn more >

Allow Nepali to invest abroad: FNCCI

Posted on 2009-07-02
KATHMANDU: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the government to introduce a provision that will allow Nepali businessmen to invest abroad. The coun...< learn more >

Dairies to ask govt to raise milk price

Posted on 2009-07-02
KATHMANDU: Private dairies and dairy farmers have decided to request the Ministry of Agriculture and Co-operatives (MoAC) to take initiative toward raising the price of milk by 25 percent. T...< learn more >

Multiple VAT rates not possible immediately: Minister Pandey

Posted on 2009-07-01
KATHMANDU: Finance Minister Surendra Pandey ruled out multiple value added tax (VAT) rates -- something that the private sector has been demanding for a year -- for the time being, saying th...< learn more >

Budget apportioned at fag end of fiscal year

Posted on 2009-07-01
SANKHUWASABHA: The current fiscal year ends in two weeks, but this has not stopped the Ministry of Finance from allocating three million rupees to Sankhuwasabha District Development Committe...< learn more >

NAC incurs Rs 50m loss

Posted on 2009-06-30
KATHMANDU: Nepal Airlines Corporation (NAC), the national flag carrier, incurred an operating loss of around Rs 50 million in the last fiscal year, largely due to unavailability of one of th...< learn more >

CG joins hands with Manipal. Plans to invest in a chain of schools

Posted on 2009-06-30
KATHMANDU: After successful operation of businesses related to fast food, banking, electronic appliances, daily consumable goods and services, Chaudhary Group, one of the leading business ho...< learn more >

FMD breaks out in over dozen districts

Posted on 2009-06-25
KATHMANDU: Outbreaks of Foot and Mouth Disease (FMD)- a viral ailment - have been recorded in livestock in more than a dozen districts with the beginning of the hot season and increasing mov...< learn more >

VAT collection falls short of target

Posted on 2009-06-25
KATHMANDU: Revenue collection has broken all records, but the collection of value added tax (VAT) has fallen short of the target. The government has set the goal of raising Rs. 41 billion...< learn more >

Jute industry hamstrung by raw material shortage

Posted on 2009-06-25
ITAHARI: More than one dozen jute factories in Sunsari and Morang are facing a shortage of raw materials. Because of the short supply, the factories have downsized their workforce. Many j...< learn more >