BUSINESS

Finance Minister Barshaman Pun has presented a budget of Rs 1.86 trillion for the upcoming fiscal year. This is Pun's first budget after being appointed as Finance Minister for the second time. He presented the budget at a joint session of the federal parliament. Here are the key 18 highlights of the budget presented by Pun: 1. Feasibility of…

The government has prioritized domestic industries by reducing the tax on raw materials used in the production of goods. The goal of promoting domestic industries has led to a reduction in the tax on raw materials and internal tariffs for industries such as medicine, incense sticks, cloth, helmets, batteries, sanitary pads, cashew and almond…

Nepal Telecom has announced a new offer for its customers on the occasion of Republic Day. The company will launch the 'Republic Day D' offer from Tuesday of 2081.The company has stated that for Rs. 50, customers can avail of the 'Republic Day Combo Pack' which will be available from 14th to 16th of Jestha. During this period, customers can…

The 14 trade points along the border with China that were closed for five years due to the coronavirus pandemic have been reopened from Saturday. The announcement of the opening of the 14 trade points, including the Kimathanka of Sankhuwasabha, was made during a program on Saturday.Deputy Prime Minister Narayan Kaji Shrestha and his team…

The Government of Nepal has granted Nepal Telecom a new 5-year license to continue providing GSM cellular mobile services. This decision was made during a Cabinet meeting held on Thursday, where the Council of Ministers directed the Nepal Telecommunication Authority (NTA) to re-issue the license to Nepal Telecom. Cabinet's Decision The…

In a significant development for Nepal's automotive industry, Laxmi Motors Corporation has inaugurated the country's first-ever Hyundai vehicle assembly plant in Nawalparasi district. The facility's launch was graced by Prime Minister Pushpa Kamal Dahal, who expressed confidence that this initiative will contribute to economic transformation…

Classic Tech, one of Nepal's leading internet service providers (ISPs), has ventured into the IPTV (Internet Protocol Television) market with the launch of its long-awaited service, "Caro TV."Classic Tech, a prominent ISP with a nationwide presence and a customer base of around 3 lakh subscribers, is gearing up for its Initial Public…

InDrive, the popular ride-sharing platform, has officially launched its operations in Nepal on May 6, 2024, following successful registration. The company has announced that it will now charge a 10% commission per ride, including VAT and other applicable taxes.The US-based ride-sharing application, inDrive, has officially launched its…

The Nepali government's decision to restrict foreign currency exchange has led to a disruption in internet services across Nepal. Internet service providers (ISPs) in Nepal have accumulated unpaid bills of around 3 billion Nepali rupees owed by Indian companies for international bandwidth.Representatives from the upstream network service…

In a concerning development, Nepal's national flag carrier, Nepal Airlines Corporation (NAC), has faced significant financial setbacks due to the prolonged grounding of one of its narrow-body aircraft.The aircraft, a 158-seat Airbus A320 with the registration 9N-AKX, had been sent to Israel for engine replacement, but the repair process…