Tag: Revenue

Rastriya Beema Company’s Profit Increased by 92.57% in Q2

The earnings of Rastriya Beema Company Limited (RBCL) climbed by an astonishing 92.57% in the second quarter of fiscal year 2079/80 compared to the same period the previous year.

According to the financial report released today, it made a net profit of Rs 37.41 crore in the second quarter of fiscal year 2079/80, up from Rs 19.43 crore in the same period of fiscal year 2078/79.

While its net premium income climbed by 64.60% from Rs 12.88 Crore to Rs 21.21 Crore at the end of the second quarter of this year, its reinsurance commission revenue declined to Rs 9.4 Crore from Rs 9.9 Crore.

It presently has Rs 3.57 Arba in reserve and Rs 2.85 Arba in insurance funds. It has a paid-up capital of Rs.26.66 Crore.

Its earnings per share are Rs 280.67, its net worth per share is Rs 1439.77, and its P/E ratio at the end of the quarter is 14.25 times.

February 11, 2023
Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2

Mountain Energy Nepal Ltd reported a profit (after tax) of Rs. 35.55 crores in the second quarter. Profit decreased by 16.52% in this quarter. The profit in the previous corresponding quarter was Rs. 42.63 crores. Tadi Khola (5 MW) and Mistri Khola (42 MW) generate revenue from electricity sales, which are invoiced to Nepal Electricity Authority under the terms of the PPA until Poush end 2079.

February 10, 2023
Chhimek Laghubitta Core Business Revenue Rises By 28.13% in Q2

Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) published the second-quarter report of FY 2079/2080 with a rise in Net Profit by 11.56%. As per the report published by the mChhimek Laghubitta Bittiya Sanstha Limited (CBBL) reported an 11.56% increase in Net Profit in the second quarter of FY 2079/2080. According to the microfinance company’s report, net profit increased to Rs. 55.60 crore from Rs. 49.84 crore in the previous year’s corresponding quarter. The company’s borrowings fell by 2.69% to Rs. 4.64 Arba from Rs. 4.77 Arba in the previous year’s corresponding quarter. The company’s deposits increased by 9.41% to Rs 29.56 Arba. In this quarter, the company’s loans and advances increased by only 1.39% to 33.53 Arba.icro finance company, the net profit increased to Rs. 55.60 Crores as compared to Rs. 49.84 crore in the corresponding quarter of the previous year.

February 10, 2023
Sanima Mai Hydropower Reports an 11.36% Drop in Net Profit

Sanima Mai Hydropower Company Limited (SHPC) reported an 11.36% decrease in net profit in the second quarter (Q2) of fiscal year 2079/80. Profit declined to Rs. 32.92 crores in this quarter from Rs. 37.14 crores in the previous year’s equivalent quarter.

Revenue from the sale of electricity has declined by 12.4% when compared to the same quarter last year. The lower revenue is attributable to the expiration of the Posted Rate Facility Agreement for the Mai Hydropower Project (15.6 MW), as well as poor hydrological conditions throughout the quarter. As a result, the net profit for the fiscal year 2079/080’s second quarter ended 11.36% lower than the previous year’s quarter ended. In addition, the business spent over Rs. 2.34 Arba in associates, which climbed by 91.06% in this quarter.

February 6, 2023
The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.

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 crores as compared to total revenue through the second quarter of FY 2078/079.

On 8th Bhadra 2070, Ankhu Khola-1 (8.4 MW) was linked to the National Grid. The firm would receive a grant of Rs. 4.62 crore from the Nepal Government for its installed capacity of 8.4 MW. This money has not been included in revenue since it has not yet been received from the Nepal Government.

Administrative and general expenditures climbed by 30.95% in the second quarter, while finance expenses reduced by 10.67% to Rs. 5.30 Crores.

The company’s current paid-up capital is Rs.80 crore, with a negative reserve fund of Rs.21.20 crore. With this capital, the capital declared an EPS of Rs. 6.66 and a net value per share of Rs.73.50.

February 5, 2023
Ru Ru Jalbidhyut Net Profit Decline By 9.31% in Q2; Generates Sales Revenue Worth Rs. 9.15 Crores for this Quarter

Ru Ru Jalbidhyut Pariyojana Limited (RURU) has posted a decline in net profit by 9.31% in the second quarter (Q2) of the current FY 2079/80. The profit decreased to Rs. 5.96 crores in this quarter from Rs. 6.57 crores in the corresponding quarter of the previous year.

RURU has sales revenue worth Rs. 9.15 crores, which has declined by 8.13% in this quarter.

January 31, 2023
The Finance Ministry is developing an action plan for policy priorities and minimum programs.

The Ministry of Finance has created an action plan to carry out the policy priorities and minimum programs.

The action plan, according to the Ministry, includes policies and programs, milestones, resources, time constraints, monitoring and evaluation indicators, and so on.

The action plan discusses promoting revenue collection effectiveness, further systematizing the revenue system, and maintaining professional neutrality while changing the revenue rate and controlling

January 30, 2023
Is bitcoin banned in Nepal?
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:
1. Laws of Nepal: The Nepal Rastra Bank, Nepal’s central bank, highlighted two laws in its statement banning Bitcoin and its transactions: the foreign exchange statute of 2019 BS and the Nepal Rastra Bank Act of 2058 BS. It basically means that you can’t do bitcoin transactions or use bitcoin to swap foreign or Nepali currency in Nepal because bitcoin isn’t classified as a currency by the Nepali government, therefore utilizing the internet for bitcoin transactions or exchange is unlawful.
2. Lack of regulations: NRB and Nepal govt is unable to have proper regulation over bitcoin transactions, as it’s mostly done over internet and Nepal doesn’t yet have the technology needed to regulate it, and hence it may be banned.
3. Use in illegal activities: Reports of bitcoin being used for money laundering or making black money into white by converting into Bitcoin, among other cases is another reason.
4. Damage to Nepali economy: Bitcoin transactions unlike other banking transactions can’t be taxed, so there will be loss of revenue, plus if more Nepalis use bitcoins, the monetary system of Nepal may be affected, Bitcoin is also a very volatile currency with lots of ups and downs and long term it can cause severe problems. NRB is tasked with maintaining the financial stability of Nepal and maybe it felt, bitcoin was a threat.
These are only a few of the reasons, in my opinion, why bitcoin is prohibited in Nepal. The existing Nepali laws prohibit it, and the central bank believes that bitcoin cannot be effectively regulated, that it can be used for unlawful purposes, and that it will harm the Nepali economy in the long run. The Nepalese government has recently taken tough measures against bitcoin transactions, including arresting people who were mining bitcoin or had large amounts of bitcoin, shutting down Nepal’s largest bitcoin exchange operator Bitsewa and arresting its owners, and even arresting a Nepali politician from a minor party for bitcoin trading.
January 3, 2023
What is Domaining? How to Begin a Domain Name Business
For those who are unfamiliar with the domaining business, it entails buying, selling, developing, and monetizing domain names. It is, in fact, a BIG business with the potential to earn you a million dollars. You may not believe me, but when you consider that AsSeenOnTv.com was sold for $5.1 million, Autos.com was sold for $2.2 million, Express.com was sold for $1.8 million, and so on.

It’s a million-dollar business, but it’s not just about big names; expert domainers frequently make $10,000 or $100,000 on unknown domains as well. With so many new domain name extensions entering the market and so many businesses closing down and abandoning premium domain names on a daily basis, the industry is constantly growing. This expansion brings with it an ever-increasing potential for success, but it also brings with it a slew of new challenges.

This article will go over a few important checklist items to think about when starting a domaining business from scratch.

1- Recognize that you will need some money to make more money:

Yes, money is required to start a domaining business, and it can range between $100 and $100,000. Successful domainers typically own a large number of domains to build their portfolio, but you can begin with a small number. A lot depends on the business model you choose, and your financial needs will vary accordingly.

2- Skills Required

To be honest, you don’t need any specific skills, but you should be eager to learn, gain experience, and grow. The best way to learn about domaining is to do it yourself. To be successful in your domaining business, you will need experience, which you will gain through experimentation and learning from relevant domaining resources such as Purely Space. Never close the doors to learning, and you will find success!

3- Be Aware of and Understand the Risk:

In reality, no business is risk-free, and domaining business is no exception. You must be aware of the various types of risks associated with the domaining business, such as domain marketplace scams, the value of.com names (or other top-level domains) decreasing for various reasons, typosquatting popular companies can result in a lawsuit from the company, and so on. Domaininvesting.com has correctly described the five types of risks associated with the domaining business.

4- Avoid the Wrong Ways to Make Money from Domaining:

Every business has ethical and unethical ways to make money, and the domaining business has some unethical ways to make money as well. It is critical to be aware of and avoid these bad habits. The following business models should be avoided:
- Domain hijacking is the process of stealing an internet domain name from its rightful registrant.
- Cybersquatting is the practice of registering domain names in bad faith in order to profit from the goodwill of a trademark that you do not own.
- Typosquatting occurs when you register domains that closely resemble popular domains, such as Goolge.com, MciroSoft.com, and so on, with the intent of gaining traffic and possibly selling the domain at a higher price. It may not be illegal, but it increases the likelihood of a lawsuit from the companies.
5- Discovering the Most Profitable Strategy:

If you are serious about getting into the domaining business, the best option is to go the legal route, which is both risk-free and highly rewarding. Here are some of the most successful domaining business models.
1. Domain monetization is one of the best business models because it is low risk, completely legal, and can yield massive profits. You purchase domains, create strategies to profit from the traffic they generate, and then sell the site for anywhere between 12 and 24 times the site’s monthly revenue + brand price.
2. Another business model is domain development, in which you buy brandable domains, add a website and a service to the domain, and capitalize on traffic until you sell the domain name and its service.
3. Domain capitalization is a risky business model, but if you’re good at valuing domains, it can help you sell the next million dollar domain. For example, if you purchase fitandtrim.com with the expectation that a product or service with that name will be released sometime in the future, you are the only person who can purchase this domain.
In conclusion:

Make sure to choose the right business model before you begin your domaining venture. Take some time to learn about all of the different business models and then select the one that suits you best. Experienced domainers run multiple business models at the same time, but as a newcomer, it’s best to start with a single direction.
January 3, 2023
Best Way to Get Your Freelancing Income in Nepal

We already know how to send freelancing revenue to Nepal because we are successful freelancers. There are a variety of options to choose from. However, we must choose which option is better for us.

Let’s look at Upwork earnings as an example. In this article, we’ll compare practically every payment method available on Upwork. So far, there are four alternatives available for everyone. Only Nepali freelancers should use Direct to Local Bank (NPR), according to Upwork. For each withdrawal, they levy a little fee of $0.99. However, their currency exchange rate is HORRIBLE. They offer a rate that is 3-4 rupees lower than Nepal’s daily foreign exchange rate. To evaluate which option is the best, we’ll use simple math to transfer $1000 using the exchange rate of 20/12/2019 ( NPR 1 = USD 113.89).

Direct to Local Bank (BDT)

Let’s assume that the bank’s rate is NPR 2 less than the forex rate.

$0.99 per withdrawal to Nepal.

$1000 – $0.99 = $999.01 X 111.89 = NPR 111,779.23
Normally it takes one or two days to arrive at your bank account.
So the ultimate rate for $1 is NPR 111.78

Payoneer

$2 USD per withdrawal from Upwork.

Normal Delivery:

$1000 – $2 = $998 X 113.89 = NPR 113,662.22
Normally it takes three to four days to arrive at your bank account.

Fast Delivery:

$1000 – $2 = $998 – $2.5 (Payoneer Quick Load Fee) = $995.5 X 113.89 = NPR 113,377.50
Normally it takes two to three days to arrive at your bank account.

So the ultimate rate for $1 is NPR 113.66 with normal delivery and NPR 113.38 with faster delivery.

Wire Transfer (USD)
It is not suitable for Nepal. It charges $30 for each transaction and takes a long time with various difficulties.

Direct to U.S Bank (USD)
Free payments to U.S Bank account in USD.

It is also not suitable for Nepal. Most of the Nepali freelancers don’t have U.S Bank account.

Final Consideration
By Direct to Local Bank (BDT): $1 = NPR 111.78
Via Payoneer: $1 = NPR 113.66

Conclusion
Finally, we can take a fair decision to determine that Payoneer is the best way to send freelancing income to Nepal. And hopefully, we will find the same results in other marketplaces too.

January 3, 2023
Earning Money Online

WHO CAN EARN MONEY ONLINE?

Anyone can make money on the internet. You can easily earn a substantial amount of money online every month if you are a hardworking talented person with basic computer knowledge and a home internet connection. The amount of money, on the other hand, would be different. Based on their incomes, I’d like to put them into three groups.

NEWBIE OR STARTER GROUP

This club is for novices who have no idea how to make money online. They are looking for work all over the internet, but owing to their lack of experience, they have been unable to get work. They prefer PTC, Captcha Entry, and other typing-based occupations at that time. These occupations require a lot of effort and are designed specifically for newcomers due to their lack of expertise.

The pay for these kind of work is relatively modest. It does not exceed $100 each month. However, for an inexperienced rookie, it is a reasonable sum. It could also be a source of additional revenue for them. So, instead of becoming upset, aim to gain more marketable qualifications in order to earn more money.

MODERATE EARNING GROUP

This group makes significantly more money than the previous one. They have higher qualifications and experience. They can run blogs with Google Adsense or other ad networks, write articles for blogs or the web, and conduct simple freelancing projects like file conversions and virtual assistance, among other things.

They may make a lot of money with these kind of occupations. It might cost you more than $500 every month. However, this is not the end of the process for making money online. Without going to the so-called office, you can make a lot of money and live a beautiful life.

HUGE EARNING GROUP

This is the final stage of the internet money-making process. This category consists of individuals that are well-versed, qualified, and experienced in the field of freelancing. They can earn between $1,000 and $2,000 per month. It’s not a prank. Take a peek at the profile of this Upwork Freelancer below.

January 3, 2023
Mero Kitta launched – An online digital map print service

Landowners no longer need to go to the survey office to get a printed map for the purpose of building a home, constructing buildings, or buying and selling after the launch of ‘Mero Kitta.’

The Ministry of Land Management, Cooperatives, and Poverty Alleviation’s Department of Surveying and Mapping has begun offering online services as of today.

At a formal ceremony held at the survey department on Thursday, Prime Minister KP Sharma Oli switched on automated software related to land administration, officially launching the device.

With the aim of providing services online, the department has launched Nepal Land Information System (NeLIS) and Mero Kitta today.

Through the ‘Nepal Land Information System,’ the government will provide map printing, field book printing, and other services to clients right from their homes.

According to the government, the program was started to make survey office services more technologically friendly, hassle-free, efficient, fast, and successful.

The government, according to Prime Minister KP Sharma Oli, has been concentrating on attracting new investment and technology.

“Both offices are identical. Prime Minister Oli said, “We have changed the way we operate.”

The Mero Kitta program, according to Shivamaya Tumbahangphe, Land Management, Cooperative and Poverty Alleviation, has been launched to eliminate delays at the Land Revenue and Survey Office.

He explained that the Land Revenue and Survey Office’s decision to implement a paperless program is in line with the government’s Digital Nepal initiative.

Teknarayan Pandey, Secretary at the Ministry of Land Management, Cooperatives, and Poverty Alleviation, stated that the online service was launched to eliminate the requirement of queuing in the real estate sector.

Secretary Pandey said, “The current migration trend must resolve the problem of providing clients with services from every local Land Revenue and Survey Office.” “Real estate transactions can be completed over the internet.”

He explained that for digital verification, you must often be present, otherwise it would be done online.

18 of the 126 survey offices around the country are yet to go online.

According to the government, all offices will be able to provide online services and conduct business by the end of the year.

According to Pandey, the ministry has begun work on making it possible to view the entire history of land on the internet.

Institutional transactions, banks, and even small businesses can conduct business online, according to him.

Prakash Joshi, Director General of the Survey Department, said that the service would be available in the survey offices of Kalanki, Dilli Bazaar, and Bhaktapur starting today. It will be available in the offices of Chabahil, Lalitpur, Manmaiju, Tokha, and Saankhu within a day or two.

What is Mero Kitta? How to get Mero Kitta service?

Mero Kitta is a web application that allows you to access some of the services offered by survey offices through the internet from anywhere.

Map printing, plot register printing, field book printing, and field drawing application can all be achieved with the Mero Kitta method. To use the Mero Kitta scheme, clients must have a land ownership certificate and citizenship.

To get the service, ordinary users must go to Mero Kitta’s website and fill out an online application in the specified format. The OTP code is sent to the registered mobile number after the application is submitted. For the duration of the service, the code is needed.

After verifying the service details with the offices, all information about the revenue sum to be billed is collected via SMS.

Clients must have a mobile number and an OTP on the connect IPS platform in order to pay the revenue sum. Payment can also be made via banks using an online voucher provided by the system.

Following payment, a digital copy of the map will be imported from the offices, and details will be sent to the smartphone. To obtain the chart, the client must download it within seven days using the registered mobile number and the office’s OTP.

January 3, 2023