Latest Articles
Bagmati Province Unveils Rs 64.54 Billion Budget for Fiscal Year 2081/82
The Bagmati Province Government has announced a budget of Rs 64.54 billion for the fiscal year 2081/82. Economic Affairs and Planning Minister Jagannath Thapaliya presented the budget at the province assembly meeting on Saturday. The budget includes Rs 26.1 billion for current expenditure and Rs 36.93 billion for capital expenditure, reflecting an increase of Rs […]
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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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NEPSE Index Rises by 6.37 Points to Close at 2,121.62
The Nepal Stock Exchange (NEPSE) Index recorded a gain of 6.37 points today, climbing by 0.30% to close at 2,121.62 points. This follows an increase of 33.15 points in the previous trading session, indicating a positive trend in the market. Today’s trading session began with the NEPSE Index at 2,116.91 points. Throughout the day, the […]
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Gold Price Surges by Rs. 600 per Tola in Nepal
The price of gold has increased by Rs. 600 per tola today, according to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA). Fine gold now costs Rs. 1,41,600 per tola, up from Rs. 1,41,000 per tola yesterday. Tejabi gold also experienced a rise, now priced at Rs. 1,40,900 per tola, compared to Rs. […]
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Nerude Mirmire Laghubitta Updates Shareholding Ratio, Boosts Public Stake
Nerude Mirmire Laghubitta Bittiya Sanstha Limited (NMLBBL) has successfully completed all necessary procedures to update its promoter to public shareholding ratio and has submitted a request to NEPSE to record the revised securities structure. Following this modification, out of the total 13,977,643 shares listed on NEPSE, the promoter group now holds 7,196,505.74 shares, representing 51.49% […]
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UMHL Approves 1:1 Rights Issue at 10th AGM
United Modi Hydropower Limited (UMHL) held its 10th Annual General Meeting on Jestha 27th at Kalimati Banquet in Kathmandu. The meeting saw significant decisions, including the approval of a 1:1 rights share issuance and the election of Nabin Silwal, Abinash Pandit, Sapana Gurung, and Sunil Bhakta Shrestha to the board of directors. The AGM, chaired […]
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Kumari Capital Limited Auctions Promoter Shares of Kumari Bank Limited
Kumari Capital Limited has announced the auction of 45,57,912 units of promoter shares of Kumari Bank Limited (KBL) starting today, Jestha 28, and running until Ashad 3, 2081. The auction is open to interested general public and institutions. The minimum bid rate is set at Rs. 100, and the minimum bid quantity is 1,00,000 units. […]
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