Category/exclusive-news (Total Articles : 2499 )
What is FATF and its purpose?
Kathmandu. The Financial Action Task Force (FATF) is an independent inter-governmental body that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction. The FATF Recommendations are recognized as the...
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Mahalaxmi Corporate Cricket League 2023 winner is Prime Bank of Nepal
Kathmandu, Mahalaxmi Corporate Cricket League 2023 title has been won by Prime Commercial Bank. Prime Bank won the title by defeating Machhapuchhre Bank by 40 runs in the final match held on Monday. Prime Bank's Kritartha Shakya won the Man of the Match award for...
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Banks Interest rates to fall Upcoming monetary policy : Governor MahaPrasad Adhikari
Kathmandu. Nepal Rastra Bank Governor Mahaprasad Adhikari said that the monetary policy for the next financial year is ready to be brought by 15th shawan 2080. The Governor Adhikari said this in the post-budget discussion program organized by Economic Media Society Nepal (Emson).
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11 companies got stock broker license in Nepal
Kathmandu. The Nepal Securities Board has granted securities broker license to 11 more companies in the second phase. Spokesperson Mukti Shrestha informed that the board has distributed broker licenses to 11 more companies on Monday.Spokesman that the board has decided...
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6 billion tax collection strategy plan of Nepal government from commercial banks, Insurance and finance companies
Kathmandu. The government is going to collect more than 6 billion rupees in taxes from companies that have issued Further Public Offerings (FPOs). Finance Minister Dr. Prakasharan Mahat announced the tax on the income received from FPO through the budget of the financial year 2080/81,...
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Non-life insurance companies collected 32 billion insurance fees
Kathmandu. Currently operating non-life insurance companies have collected more than 32 billion rupees in insurance fees in ten months of the current financial year. The companies have collected insurance fees worth 32 billion 68 billion 96 lakh rupees till the end of May. This fee...
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Increasing 1 percent deposit tax can be collected 3 billion more revenue in Nepal
Kathmandu. If the government increases the interest earned by common people from deposits in banks by one percent from the next financial year (FY) 2080/81, an additional revenue of 3 billion will be collected. Earlier, 5 percent tax was levied on deposits of general public,...
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Mahalaxmi Corporate 10 matches Cricket League 2023 has completed
Kathmandu. Under Mahalakshmi Corporate Cricket League, 10 matches have been completed on Saturday. 16 teams from banks and financial institutions participated in the competition, which was played in the 'League Come Knock Out Formrat'. In the first match of the first day of the three-day...
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5 and 7.5% percent Capital Gains Tax is the final tax on stock market - Finance Ministry
Kathmandu. The Ministry of Finance, Economic Bill-2080 item no. Addressing 29, it has clarified that the final tax is 5 percent and 7.5 percent capital gains tax which is being taken in the capital market. This was made clear in the notification issued after the...
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Interbank interest rates has declined and Rs. 27 billion deposit Added to the banking system
Kathmandu. During the last 15 days, Rs. 27 billion deposits have been added to the banking system. According to Nepal Rastra Bank, the total deposits of banks and financial institutions as of June 20 are 55 trillion 22 billion rupees. The total deposits of banks...
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Nabil Bank opened 38 new branches all over Nepal on 38 th Anniversary
Kathmandu. Nabil Bank Limited has launched 38 new branches. The bank, which has crossed 38 years of its establishment, informed that 38 new branches across the country were inaugurated by a special program at the central level .With the slogan...
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22 hydropower companies has on losses in Nepal
Kathmandu. Most of the hydropower companies are in losses. Due to decrease in electricity production, increase in interest rate, etc., hydropower companies have started making losses. The report of the current financial year 2079/80 published by the operating hydropower companies has also shown this. Around...
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Job Vacancy Announcement of Agriculture Development Bank (Krishi Bikas Bank )
Kathmandu. ADBL Krishi Bikas Bank has asked for a large number of employees. The company published a notification and asked for 179 employees for permanent posts. The bank has 72 accountant assistants for administration, 36 business assistants for administration, 6 loan assistants for technology, 9...
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The Tax policy affecting a big shock to the stock market of Nepal
Kathmandu. After the federal budget for the upcoming fiscal year 2080/81 introduced some policies that will affect the stock market, it has had a negative impact on the market. According to the budget, the companies that previously issued right shares at a premium price...
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Budget for the financial year 2080/081 is 17 trillion 51 billion 31 crore
Kathmandu. The government has presented a budget worth Rs 17 trillion 51 billion 31 crore for the next financial year. Out of the total allocation, 11 trillion 41 billion 780 million rupees or 65.20 percent is for current, 3.2 billion 7 billion rupees for capital...
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