The NEPSE index closed at 1,919.42 today, up 1.02 points from the previous trading day’s close. This is a 0.05% increase. Yesterday, the index rose 12.10 points.
Today, the index opened at 1,920.09 and closed at 1,901.62. In contrast, it reached a high of 1,922.04 before closing at 1,919.42.
Through 25,413 transactions, 258 scrips changed hands. A total of 2,539,048 shares were traded, totaling Rs. 81.62 crores in turnover. This is less than the previous day’s turnover of Rs. 1.443 Arba. This is the lowest volume since December 14th, 2022. At the time, the NEPSE index was hovering around 1800, with a turnover of Rs 72.78 crore.
The financial highlights for the month of Falgun have been published by NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital. The period’s NAV was Rs. 10.73, which was lower than the previous month’s NAV of Rs. 11.26.
The scheme started with a Rs. 75.50 crore fund, including seed capital from the fund sponsor. The scheme has spent Rs. 43.10 crores on listed company shares and Rs. 19.52 crores on debentures. Non-listed shares are worth Rs. 1.34 crores. The amount invested in fixed deposits is Rs. 9 crores, and the bank balance is Rs. 4.38 crores.
The NEPSE index closed at 1,906 today, up 17.70 points from the previous trading day’s close. This represents a 0.94% increase. Yesterday, the index dropped 26.87 points.
Today’s index opened at 1,885.7 and reached an intraday high of 1906.61. In contrast, it dropped as low as 1,865.75 before closing at 1,906.
In 36,980 transactions, 261 scrips changed hands. A total of 4,308,645 shares were exchanged for a total of Rs. 1.38 Arba in turnover. This is more than the previous day’s turnover of Rs. 1.289 Arba.
Through its sub-provincial office in Nawalparasi, NIC ASIA Laghubitta has organized a rally program to commemorate Global Money Week 2023 in Parasi.
According to the media statement, the event was led by the Parasi Laghubitta Employee Forum, and participants carried placards for financial awareness.
The NEPSE index closed at 1,888.27 today, down 26.87 points from the previous trading day’s close. This is a 1.40% decrease. Last Thursday, the index fell 18.15 points.
Today, the index opened at 1,915.32, an intraday high. In contrast, it dropped as low as 1,881.07 before closing at 1,888.27.
Through 32,168 transactions, 259 scrips changed hands. A total of 3,754,334 shares were traded, totaling Rs. 1.289 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.413 Arba.
You need to renew your driving license in Nepal every 5 years and it can be done through any Transport Management office.
Even though there are only a few steps to license renewal in Nepal, it almost takes 2 to 3 hours.
As offices are closed on weekends and so is the DOTM Nepal most of us need to take half a day or take leave from work just to renew our license.
This is also one of the main reasons why people get fined and have to pay late renewal fees.
Service
Driving License Renewal in Nepal
Issued By
Department of Transport Management
Validity
5 Years
Renewal Fee
Rs 1500
Fine After
90 days or more
Payment Methods
Cash
Application Mode
Offline
Official website
https://www.dotm.gov.np/
To renew your driving license in Nepal you will need to visit the Department of Transport Management office and follow the process below.
Receive token and EDL print
Provide Biometrics
Pass medical checkup
Calculate your fees
Payment
Receive receipt (Wait for license print)
As you already know Nepal has started implementing smart driving licenses including an option to upgrade for existing license holders.
This has hugely impacted DOTM’s printing and distribution timing, some are still waiting for their license after a year, so you might have to wait a little longer to receive your driver’s license.
But you will receive a receipt that can be used as a replacement until you receive your original renewed license.
Documents required to renew a driving license are
Citizenship original and photocopy
License original and photocopy
Step-by-Step Guide process to renew License in Nepal 2023
1. Receive token and EDL print
The first step is to take a token number for your license renewal, this is the waiting list. And receive your EDL print (license information) from room 101.
The room number might be different for different cities and offices.
2. Provide Biometrics
The second step is to give or verify your digital biometrics, if you have given your biometrics to DOTM then they will verify your digital fingerprint and if your information matches. You will be sent to the next step.
3. Medical checkup
The third step is to pass your medical, which is usually an eyesight and color blindness test. They will check if you can see properly or not.
If you fail this test then you might need to wear glasses and come back later.
4. Calculate your license fees
The fourth step is to calculate how much you need to pay to renew your license. This depends on your license type and if you are paying on time or not.
If you have to pay for renewal before 90 days of expiry then you do not have to pay a fine but if this exceeds then you will be fined. Check the table below for fines and fees.
5. Payment
The fifth step is to pay your fees, you need to fill out a bank voucher and deposit it.
6. Receive a receipt
After paying you need to wait for the receipt. After it is ready they will call you by name and give it to you.
You will receive two receipts. One is payment and the other (Pink) can be used as a license.
After this, you can go home, and to check your license print status you can check their official website.
About License Renewal fees in Nepal
The Department of Transport Management charges renewal fees to all Nepalese license holders after the expiry date.
As of 2023 Driving license renewal charges in Nepal start from Rs 1500 for two-wheelers, 2000 for small vehicles such as Cars and Jeeps, 2500 for heavy vehicles, and the highest will be Rs 3000.
These renewal fees are divided into categories of vehicles see the image below for more information.
How much is the fine for an expired license in Nepal?
The validity of your license in Nepal is of 5 years only and if you want to keep using it then you need to renew it accordingly.
If you fail to renew your license on time then you will have to pay a fine as high as 500% plus your actual renewal fees.
If you fail to renew your license within 90 days of expiry, you will be charged 100% until the first year and will keep on adding 100% as the year passes by.
How much is the fine for an expired license in Nepal?
You need to pay a fine of 100% to 500% in Nepal if you fail to renew your license on time.
After how many months will I have to pay fines for an expired license in Nepal?
The Department of Transport Management starts charging fines for driver’s licenses after 3 months or 90 days of their expiry.
Frequently Asked Questions on License Renewal
How much does it cost to renew a license in Nepal in 2023?
The entry fee for renewing a license in Nepal is Rs 1500, excluding other charges such as photocopies, photos, stamps, and application charges.
The cost of renewal depends on what type of license you own such as Bike, Car, and Big vehicle.
What happens if a driving license is expired?
If your license is expired, then you cannot drive in public spaces. Unless you renew your license and pay the government the renewal fee. Also if you are caught driving without a license then you will be fined and might get other punishments as well.
How to renew a driving license in Nepal?
Visit DOTM and follow the steps below to renew a license in Nepal.
1. Receive token and EDL print
2. Provide Biometrics
3. Pass medical checkup
4. Calculate your fees
5. Payment
6. Receive receipt (Wait for license print)
Can I renew my driving license online in Nepal?
Yes, you can renew your driving license online, visit the DOTM’s official website dotm.gov.np for more information and the application process.
Where can I renew my license in Kathmandu?
You can renew your license from The Department of Transport Management office in Kathmandu.
Where can I renew my license in Pokhara?
You can renew your Driving license from DOTM which is located in the Transport Management Office: Driving License, Prithivi Chowk, Pokhara
Do I need to pay fines for an expired license in Nepal?
You have 3 months or 90 days after your license expires, after this period you will be fined 100% for the first year.
What is the maximum validity of a license in Nepal?
In Nepal, the maximum validity of a Driving License in Nepal is of 5 years.
What document do I need to renew my license in Nepal?
Documents you need to renew your license in Nepal are a citizenship certificate, an expired driving license, and photographs.
Can I renew my license early in Nepal?
Yes, you can renew your driving license early in Nepal.
How to check the status of driving license renewal in Nepal
It is easy to check the status of your license, you can check it on your driver’s license. It has all the information including the expiry date.
How to renew a driving license that has expired more than 90 days in Nepal
You can renew your driving license as usual but as it has exceeded more than 90 days, you will be charged a 100% fine for it.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 109,800 per tola. Yesterday, the rate remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,300. In contrast, the rate was kept at Rs. 108,500 per tola yesterday.
Rumors have been circulating on the internet about the arrival of Samsung’s all-new A series smartphone in Nepal. With the global release of the Samsung Galaxy A34 5G and Galaxy A54 5G, there has been speculation in the Nepali market about when the fantastic new addition to Samsung’s beloved A-series phones will arrive in Nepal. They appear to have confirmed it now, as we can see some teaser posts about the A series on the official Samsung Nepal social media platforms, indicating that it will be released soon.
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has scheduled its 4th Annual General Meeting for 30th Chaitra, 2079. The meeting will be held in the company’s head office located at Katahari, Morang, starting at 10:30 PM that day.
Among the other items on the agenda, the AGM will approve a 14.99% dividend for fiscal year 2078/79. The company decided to pay out a dividend of Rs. 1.03 Arba on its paid-up capital. The proposal includes 14.285% bonus shares worth Rs. 14.77 crores and a 0.714% cash dividend worth Rs. 73.87 lakhs. The tax amount levied on the dividend is included in the
Makar Jitumaya Suri Hydropower Company Limited has distributed IPO shares to project-affected Dolakha District residents and Nepalese citizens working abroad. The allotment program ended on Chaitra 9, 2079.
The company’s issued capital is Rs. 76 crores, of which 10%, or 7,60,000 unit shares worth Rs. 7.6 crores, were allocated to project-affected Dolakha District residents (Locals of Gaurisankhar gaupalika and Bigu gaupalika). Meanwhile, 20% of the company’s issued capital, or 15,20,000 unit shares, will be made available to the general public later. 10% of the shares in this public offering, totaling 152,000 units, were reserved for Nepalese citizens working abroad. The issue had begun on the 15th of Magh, 2079.
Modi Energy Limited is closing its IPO issue to Nepalese citizens working abroad today, 9th Chaitra, and has extended the IPO issue deadline for project-affected locals until 16th Chaitra, 2079. The problem had begun on the 25th of Falgun, 2079.
The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares worth Rs. 29 crores, have been distributed to project-affected Parbat District residents. Meanwhile, 15% of the company’s outstanding capital, or 43,50,000 unit shares, will be made available to the general public later. This public offering, which will conclude today, has reserved 10% of the shares totalling 435,000 units for Nepali people working overseas.
From today, 9th Chaitra, 2079, Mai Khola Hydropower Limited will close the issue of its IPO to Nepalese citizens working abroad and project-affected locals of Ilam District. The problem had begun on the 25th of Falgun, 2079.
The company’s issued capital is Rs. 39.21 crores, of which 10%, or 392,157 unit shares worth Rs. 3.92 crores, have been allocated to project-affected locals in the Ilam District. Meanwhile, 39% of the company’s issued capital, or 15,29,411 unit shares, will be made available to the general public later. This public issue, which will close today, has allocated 10% of the shares totaling 152,941 units to Nepalese citizens working abr
