Category/exclusive-news (Total Articles : 2592 )
82 thousand insurance policy surrender in Nepal
Kathmandu. More than 11 billion rupees worth of policies have been surrendered in the ten months of the current financial year, i.e. till the end of Baisakh. This is seen in the latest statistics released by the Nepal Insurance Authority.It...
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What is A credit card and How to know the credit card balance ?
Kathmandu. A credit card is an electronic payment card issued by banks with a pre-set credit limit, which helps you do cashless transactions and has many benefits. A credit card balance is the total amount remaining after deducting expenses from the credit limit. The best...
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Tax rate Changed on Budget 2080/081 : How much tax should be paid on income ?
Kathmandu. Due to the government's change in the tax rate through the budget of the next financial year, there has been some change in the income tax. The government has revised various tax rates through the budget of the next fiscal year 2080/81<span;>. Through...
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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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