fiscal

Nepal Life Insurance: No Dividend Distribution for FY 2078/79 5
Dividend

Nepal Life Insurance: No Dividend Distribution for FY 2078/79

  Nepal Life Insurance Company Limited (NLIC) announces its decision to forgo the distribution of dividends for the Fiscal Year 2078/79, following the resolution made during its 367th Board Meeting held on Magh 7, 2080. The company, subject to approval from the regulatory authority, Nepal Insurance Authority, and the impending Annual General Meeting, has opted

Nepal's Internal Revenue Collection Costs Rise to 3.38 Paisa per 1000 Rupees in FY 2079/80 7
Business | Market | Economy

Nepal’s Internal Revenue Collection Costs Rise to 3.38 Paisa per 1000 Rupees in FY 2079/80

In the fiscal year 2079/80, the Nepalese government conducted a cost analysis, revealing that it incurred a cost of 3.38 paisa to collect 1000 rupees of internal revenue. This analysis was conducted by the Internal Revenue Department (IRD), which reported a total revenue of Rs 4.79 kharba for the year. The departments and subordinate offices

"Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor's Return Coincides with Announcement" 17
Business | Market | Economy

“Nepal Rastra Bank to Publicize Monetary Policy for Fiscal Year 2080-81, Governor’s Return Coincides with Announcement”

The Nepal Rastra Bank (NRB) is preparing to announce the monetary policy for the ongoing fiscal year 2080-81, which is expected to be publicized by the end of the first week of Shrawan. Narayan Prasad Pokhrel, the Deputy Spokesperson and Information Officer of NRB, revealed in a phone conversation with Sharesansar that the central bank

"Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year" 19
Business | Market | Economy

“Inland Revenue Department (IRD) Falls Short of Revenue Target, Collecting Rs. 4 Kharba 80 Arba in Last Fiscal Year”

The Inland Revenue Department (IRD) faced a shortfall in revenue collection for the last fiscal year, collecting a total of Rs. 4 Kharba 80 Arba. This amount fell 23 percent below the target set at Rs. 6 Kharba 26 Arba. Furthermore, the revenue collected was Rs. 3 Arba less than the previous year’s collection (2078/79).

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