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 […]
The first eight months of Nepal’s fiscal year 2079/80’s foreign trade statistics have been released. According to government data released on Wednesday, Nepal’s trade deficit fell by 17.86 percent to Rs. 9.53 Kharba from Rs. 11.60 Kharba the previous year. The trade deficit is the amount by which a country’s imports cost more than its
For the first eight months of the current fiscal year 2079/80, the government’s budget deficit exceeded Rs. 1.56 Kharba. By the end of Falgun, the government had spent 7.79 Kharba of its budget, but had only collected 6.22 Kharba in total revenue. Meanwhile, only 22.15% of capital expenditure (CAPEX) is used until the end
Issuing a new notice today, NEPSE has notified of three new government bonds being listed today. The government bonds were issued via Nepal Rastra Bank. The securities listed are: 9.50% Development Bond 2084 ‘Jha’ 8.98% Development Bond 2084 ‘Nya’
Aatmanirbhar Laghubitta Bittiya Sanstha is closing the issue of 20,338 units of IPO shares for Nepalese citizens working abroad from today i.e. on 2nd Falgun, 2079. The issue opened on 16th Magh and was supposed to close yesterday i.e. 1st Falgun but since the government of Nepal has decided to announce Falgun 1 as People’s War Day,
Nepal Telecom (NTC), the country’s state-owned telecoms operator, has officially launched its long-awaited 5G trial to commemorate the company’s 19th anniversary. Nepal Telecom, the country’s state-owned telecom operator, had previously postponed 5G testing due to a lack of a device ecosystem. To commemorate its 19th anniversary, the telco tested its 5G cellular network in Babarmahal
Ankhukhola Hydropower Company Limited (AKJCL) has released its Q2 financial report for fiscal year 2079/80, which shows a 29.43% decrease in net profit to Rs. 2.66 crores. During the previous fiscal year’s same quarter, the firm generated a net profit of Rs.3.77 crores. Total revenue during the second quarter was down 10.43% to Rs. 12.23
Paypal is not available in Nepal. Now that the government have given permission to several banks to issue dollar cards to Nepali citizens, Paypal might start looking at supporting Nepali market as well. However, being a small country, a tiny market for Paypal and strict NRB policies, it could not be possible anytime soon.
Ban of Transaction of Bitcoin and other cryptocurrencies in Nepal. The central bank of Nepal, Nepal Rastra Bank (“NRB”) published a notice pursuant to Nepal Rastra Bank Act 2001 (“NRB Act”) and Foreign Exchange (Regulation) Act 1962 (“FERA”) prohibiting the usage of Bitcoin in Nepal. NRB has not recognized Bitcoins as a valid currency in Nepal. A few highlights on the ban: Laws of Nepal: The
Have you decided to invest in the stock market? Consider these 7 stock market investing tips when making your investments. 1. Have a solid comprehension of basic economic principals. Before you get started, you should understand basic principals and laws of economics. The stock market closely follows the law of supply and demand. For example, when
The covid19 pandemic is not only putting millions of people’s lives in peril, but it is also devastating the global economy. Our government has proclaimed general vacations and imposed a travel ban on the general public in order to combat the spread of Coronavirus. Nobody knows how long it will take for things to return
One of the riskiest ventures is investing your money in the stock market. But along with the extreme risk involved, is also has the potential to make you a lot of money. In fact, investing in the stock market can turn out to be one of the most profitable business decisions you’ll ever make if
