New Business Age

💵 IRD Reports Increase in Revenue Collection

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IRD Reports Increase in Revenue Collection The Inland Revenue Department (IRD) has reported a significant increase in revenue collection over the past few months. According to the latest IRD statistics, revenue collection until June 14 of the current fiscal year has reached Rs 41.19 billion. This represents an 11.30% increase compared to the...

❄️ Low Snow on the Himalayas Threatens Water Security: Study

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Low Snow on the Himalayas Threatens Water Security: Study KATHMANDU: Millions of people dependent on Himalayan snowmelt for water face a "very serious" risk of shortages this year after one of the lowest rates of snowfall, AFP reported citing warning issued by scientists.

🔒 Manakamana Cable Car to Close for Nearly Two Months

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Manakamana Cable Car to Close for Nearly Two Months Starting from the end of Asar (mid-July), the Manakamana Cable Car will be closed for nearly two months. This closure is to upgrade the cable car's digital system and replace the main cable, said Manakamana Darshan Pvt. Ltd.

💵 Bad Debts of BFIs Soar to Highest Level in a Decade at 3.98 Percent

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Bad Debts of BFIs Soar to Highest Level in a Decade at 3.98 Percent KATHMANDU: The bad debts of banks and financial institutions (BFIs) have surged to a 10-year peak of 3.98 percent, largely attributed to the economic slowdown following the COVID-19 pandemic.

🎉 Waiwai Noodles and Goldstar Shoes to Set Up Factories in SEZ

📌 Read full news 👉👉 https://www.newbusinessage.com/Articles/view/21333 👈👈

Waiwai Noodles and Goldstar Shoes to Set Up Factories in SEZ KATHMANDU: With the recent legal changes allowing older industries to relocate to the Special Economic Zone (SEZ), established business houses in Nepal are setting up factories within these zones set up with incentives to promote exports.

🚗 Government Investigates BYD Importer on Suspicion of Tax Evasion

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Government Investigates BYD Importer on Suspicion of Tax Evasion KATHMANDU: The Revenue Investigation Department has initiated an investigation into Cymex Nepal, the distributor of BYD vehicles in Nepal, on suspicion of tax evasion by misclassifying high-capacity electric vehicles as low-capacity vehicles.

⚡ Sandhikharka-Tamghas Transmission Line Comes into Operation

📌 Read full news 👉👉 https://www.newbusinessage.com/Articles/view/21329 👈👈

Sandhikharka-Tamghas Transmission Line Comes into Operation KATHMANDU: Nepal Electricity Authority (NEA) has completed the construction of the 132 kilovolt double circuit transmission line from Sandhikharka Municipality -6 in Arghakhanchi to Resunga Municipality-7 in Gulmi.

☔ Monsoon to Spread Across the Country by Sunday

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Monsoon to Spread Across the Country by Sunday KATHMANDU: This year's monsoon has already entered the country and is expected to spread across the country by coming Sunday.

🏍️ Hansraj Hulaschand and Co Launches Pulsar N150 in Nepal

📌 Read full news 👉👉 https://www.newbusinessage.com/Articles/view/21322 👈👈

Hansraj Hulaschand and Co Launches Pulsar N150 in Nepal KATHMANDU: Hansraj Hulaschand & Co Pvt Ltd, the sole authorized distributor of Bajaj motorcycles in Nepal, has announced the launch of the all-new Pulsar N150.

🍼 Dairy Farmers Demand Overdue Payment with DDC

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Dairy Farmers Demand Overdue Payment with DDC KATHMANDU: Dairy farmers have demanded the Dairy Development Corporation (DDC) to settle their outstanding dues immediately.

🪢 Jute Industry in Trouble Due to Diplomatic Failure and Production Cuts from Anti-Dumping Duties

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Jute Industry in Trouble Due to Diplomatic Failure and Production Cuts from Anti-Dumping Duties BIRATNAGAR: A year ago, during his visit to India, Prime Minister Pushpa Kamal Dahal requested Indian Prime Minister Narendra Modi to cancel the anti-dumping duty (ADD) on readymade jute products from Nepal.

🌱 Agriculture Sector Needs to Adapt to Climate Change Impacts: Experts

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Agriculture Sector Needs to Adapt to Climate Change Impacts: Experts CHITWAN: Experts and scientists have emphasized the need for agriculture to adapt to climate change.

💵 Nepal Seeks More Concessions from World Bank during IDA Meeting

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Nepal Seeks More Concessions from World Bank during IDA Meeting KATHMANDU: The Government of Nepal has initiated lobbying with the World Bank to secure more concessional assistance, anticipating the loss of various concessions once the country upgrades from the status of least developed country in 2026.

☹️ MPs Unhappy About Budget Disparity Under Ministry of Physical Infrastructure

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MPs Unhappy About Budget Disparity Under Ministry of Physical Infrastructure KATHMANDU: Members of Parliament have voiced their dissatisfaction with the budget allocation under the Ministry of Physical Infrastructure and Transport.

🌱 Promote Entrepreneurship Based on Locally-Available Raw Materials

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'Promote Entrepreneurship Based on Locally-Available Raw Materials' Nepalgunj: Minister for Energy, Water Resources and Irrigation of Lumbini Province, Krishna KC, has called upon one and all to promote entrepreneurship based on locally-available raw materials.

☔ Monsoon Slowly Spreading Across the Nation, Could Take Some More Days to Reach Western Nepal

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Monsoon Slowly Spreading Across the Nation, Could Take Some More Days to Reach Western Nepal KATHMANDU: Although it has already been a week since this year's monsoon entered Nepal, the monsoon system is advancing at a slow pace.

🌱 Farmers again Deprived of Fertilizers which Remain Stocked in Govt Warehouses

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Farmers again Deprived of Fertilizers which Remain Stocked in Govt Warehouses KATHMANDU: Despite adequate stocking of chemical fertilizers for annual crops, farmers have been deprived of them.

🪜 Nepal has Initiated Steps for Economic Reforms, PM Tells WB's Senior MD Trotsenburg

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Nepal has Initiated Steps for Economic Reforms, PM Tells WB's Senior MD Trotsenburg KATHMANDU: The Government of Nepal has assured World Bank officials that the country has created a favourable environment for investment.

✈️ Adverse Weather Disrupts Flights at Lukla Airport for Ten Days, Tourists Stranded

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Adverse Weather Disrupts Flights at Lukla Airport for Ten Days, Tourists Stranded SOLUKHUMBU: Adverse weather has caused disruption of flights at the Tenzing Hillary Airport in Lukla for ten days, leaving the tourists stranded in the Everest region.

💵 State Treasury Could Generate Rs 300 Billion More in Revenue if Tax System is Reformed

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'State Treasury Could Generate Rs 300 Billion More in Revenue if Tax System is Reformed' KATHMANDU: The High-Level Recommendation Committee on Tax System Reforms, formed by the government, has stated that the country could generate an additional Rs 300 billion if the tax systems were revised.

🇳🇵🇲🇻🇱🇰 World Bank Appoints Sislen appointed as its Country Director for Nepal, Maldives and Sri Lanka

📌📌📌 Read full news 👉👉 https://www.newbusinessage.com/Articles/view/21301 👈👈

World Bank Appoints Sislen appointed as its Country Director for Nepal, Maldives and Sri Lanka KATHMANDU: The World Bank has appointed David Sislen as the country director for Nepal, the Maldives and Sri Lanka.

🎉 NBA Organises Financial Literacy and Entrepreneurship Training for Women Entrepreneurs in Butwal

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NBA Organises Financial Literacy and Entrepreneurship Training for Women Entrepreneurs in Butwal KATHMANDU: Stakeholders on Monday discussed how to become a successful entrepreneur and how to avail various facilities given by the government to women entrepreneurs.

🔄 Tax System Reform Committee Suggests Govt to Change Tax Structure

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Tax System Reform Committee Suggests Govt to Change Tax Structure KATHMANDU: The Bidyadhar Mallik-led High Level Advisory Committee on Tax System Reform has recommended the government to change the income tax rate structure and to impose additional taxes on high-income earners.

🎉 International Tourism Expo Concludes in Kathmandu

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International Tourism Expo Concludes in Kathmandu KATHMANDU: The Nepal International Tourism Expo, organized in Kathmandu with the aim of promoting tourism at the international level, concluded on Saturday.

🥀Air Pollution Linked to 135 Million Premature Deaths: Study

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Air Pollution Linked to 135 Million Premature Deaths: Study SINGAPORE: Pollution from man-made emissions and other sources like wildfires have been linked to around 135 million premature deaths worldwide between 1980 and 2020, AFP reported citing a study conducted by a university in Singapore.

💦 Sikta Irrigation Project Achieves 92 Percent Physical Progress in Current FY

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Sikta Irrigation Project Achieves 92 Percent Physical Progress in Current FY RANJHA: The Sikta Irrigation Project has witnessed 92 per cent physical progress in the current fiscal year 2023/24.

😓 Fourth Living Standards Survey Indicates Rise in Youth Unemployment

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Fourth Living Standards Survey Indicates Rise in Youth Unemployment KATHMANDU: Government data indicates that unemployment has significantly increased in Nepal over the past three decades.

💵 Where will the Govt Spend Rs 76 Billion Allocated under the Heading of Miscellaneous Finance?

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Where will the Govt Spend Rs 76 Billion Allocated under the Heading of Miscellaneous Finance? KATHMANDU: The Ministry of Finance has allocated a larger amount under various headings in next year's budget compared to the current fiscal year.

⚡ PM Dahal Inaugurates 400-kV Hetauda Substation

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PM Dahal Inaugurates 400-kV Hetauda Substation Prime Minister Pushpa Kamal Dahal 'Prachanda' inaugurated the 400-kV Hetauda Substation at a programme organized by the Nepal Electricity Authority (NEA), in Hetauda, Makawanpur district.

⛽ NOC Slashes Fuel Prices

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NOC Slashes Fuel Prices The Nepal Oil Corporation (NOC) has reduced prices of petroleum products. According to the NOC, the price of petrol has been cut by Rs 3 per litre, while the prices of diesel and kerosene have been lowered by Rs 1 per litre.