Day: June 14, 2024
Sikta Irrigation Project Achieves 92% Progress, Budget Boosted for FY 2024/25
The Sikta Irrigation Project, a national pride initiative aimed at providing irrigation facilities to 42,766 hectares of land across six rural municipalities in Kohalpur municipality and Nepalgunj sub-metropolitan city in Banke district, has achieved 92% physical progress in the current fiscal year 2023/24. Despite challenges, the ambitious project continues to make strides toward its objectives. […]
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Nepal’s Gold and Silver Prices Decline Further
The gold and silver market in Nepal has experienced a further decline in prices, according to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold is currently valued at Rs. 1,41,200 per tola, marking a decrease of Rs. 400 from its previous rate of Rs. 1,41,600 per tola. […]
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Nepal Increases Tax Exemption Limit for Pension Fund Contributions
The government of Nepal has increased the exemption limit for taxable income contributed to pension funds through an amendment to the income tax regulations, unveiled on Wednesday. The ceiling for income tax exemption on annual contributions to pension funds has been raised from Rs. 300,000 to Rs. 500,000. Pension funds include schemes managed by the […]
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Citizen Investment Trust Proposes 14.7368% Dividend for FY 2079/80
Citizen Investment Trust (CIT) has proposed a 14.7368% dividend for the fiscal year 2079/80, subject to necessary approvals. The meeting of the board of directors, held on Jestha 32, decided to distribute a 14% bonus share and a 0.7368% cash dividend (for tax purposes). The proposed dividend distribution is contingent upon approval from the Ministry […]
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