The domestic share market today, the second day of the week, closed at 301.34 points by witnessing a rise of 6.30 points compared to the previous day. The Sensitive Index that measures the value of big companies registered a 1.21-point rise to sit at 278.24 points.
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The import of cement from India has stopped in the Far-west state after the cement produced in the country started taking the market. Cement produced in India used to be imported in large quantity in the Far-west state before this.
The Kabeli corridor transmission line with a strategic importance based in eastern region has come into operation. The line which had been in the test operation since Saturday came on line for commercial purpose from Tuesday evening.
The dispute regarding the due payment of capital gain tax by Malaysian company Axiata and Ncell Nepal for the purchase of Nepal’s largest private telecom provider, Ncell is to be presented before the full bench of the Supreme Court for a final verdict.
Most of the hotels and shops being operated in district headquarters, Gaighat and other municipal areas have yet to come under tax reach. According to Triyuga Chamber of Commerce and Industry Gaighat, over 2500 retail shops and hotels are in operation in Gaighat and Triyuga municipality areas.
The subsidized rice sent for Sarmi depot of Nepal Food Corporation has been sold before reaching the target people. The rice, which was being brought for Sarmi depot at Mudkechula rural municipality-7 from NFC, was sold at Tribeni of Aathbiskot municipality-4 of Rukum district.
Japanese national Kazumasa Kakimi (Okaybaje) has set up a revolving fund at Sindur Basic School in Nisdi rural municipality-6, Archale. In order to support educational pursuit of the school students, he established a revolving fund of Rs 80,000.
Country's only Gurung museum based in Taplejung headquarters Fungling has failed to operate well due to financial crisis. The cultural museum which was established by local Gurung community people to contribute to tourism promotion is not maintained well in lack of financial resources.
Purswottam Subedi Domestic sugar product worth amounting to millions of rupees has been stocked for long in lack of market. Sugar mills in west Nawalparasi are struggling enough to clear their stock due to market competition, said entrepreneurs. It is difficult for Nepali sugar mills to compete with the cheaper sugar imported from foreign countries.
Uncertainty has loomed large over the construction of West Seti Hydropower Project which was to be built in Talara of Adarsha rural municipality and Dhungad area of Baitadi district. Locals have been frustrated with uncertainty on the construction of the hydro project despite interests from different countries and companies.
A high-level interaction has been held between a trade delegation led by Taiwan External Trade Development Council and Nepali businesspersons here on exploring avenues for investment and trade expansion.The seven-member Taiwanese delegation comprising renowned producers and suppliers is currently in Nepal in this connection.
The under-construction upper Naugad second hydropower project has come to the final stage of its production. The hydropower having the capacity of 8-MW has stepped up its preparation to produce electricity in coming one-and-a-half months.
Former Prime Minister Pushpa Kamal Dahal 'Prachanda' has stressed the need for diversification, industrialization and modernization in agriculture sector of Nepal. Nepal Communist Party (NCP) Chair Dahal said this while inaugurating the Nepal Coffee Enterprise Promotion Summit e-2019, organised by the Nepal Tea nd Coffee Development Board on Monday.
The Office of Auditor General has recommended the government of Nepal to bring social sites under tax. Telecom service providers and the government have been facing revenue loss because of the use of services like Messenger, Viber, and other social networking sites. Due to that reason, the OAG has pointed out that bringing these sites under tax will raise the