14 June, Kathmandu. Most of the institutions in the service sector of government investment seem to be profitable. According to the Annual Status Review Report 2080 of Public Institutions, 6 out of 9 institutions in this sector are in profit, while only three are in loss. Loss-making companies include Nepal Airlines Corporation, National Productivity and … Read more
14 June, Kathmandu. Only 2 out of 4 institutions are profitable in the business sector of government investment. According to the Annual Status Review Report 2080 of Public Institutions, 4 commercial institutions namely Agricultural Goods Company, Food Management and Trade Company, Nepal Ayal Corporation and Nepal Forest Limited are being operated by the government. Out … Read more
14 June, Kathmandu. It has been found that 8 out of 10 institutions of public investment in the industrial sector are loss-making. According to the Annual Status Review of Public Enterprises published by the government in the year 2080, apart from Udaipur Cement and Janakpur Cigarette Industries, which are in the process of liquidation, there … Read more
14 June, Kathmandu. Rising non-performing loans in banks and financial institutions are putting pressure on financial stability. The Economic Survey 2079/80, released by the Ministry of Finance on Sunday to coincide with the beginning of the current fiscal year 2079/80, noted that the state of financial stability indicators is relatively weak. Non-performing loans of banks … Read more
14 June, Kathmandu. The total financial resources and utilization of insurance business has reached 7 trillion 13 billion 47 crore. On Sunday, the government released the Economic Survey 2079/80 and said that by February 2079, the resources and utilization of insurers doing life insurance business reached 6 trillion 23 billion 89 million and those of … Read more
14 June, Kathmandu. The government has constructed 5.5 kilometer railway trackbed in the last 3 years. Construction work is going on in Bardibas-Nijgarh section under East-West Electric Railway. A trackbed is a track prepared for laying railway tracks. However, the pace of work is very slow. By the end of June 2078, 49 km of … Read more
14 June, Kathmandu. In the current financial year, Nepal’s per capita electricity consumption has crossed 350 kilowatt hours (units). This consumption rate which was only 325 kilowatt hours till last June has reached 351 units till last February. According to the Economic Survey 2079/80, till February of the financial year 2078/79, electricity consumption equal to … Read more
14 June, Kathmandu. The stock market fell a day before the budget for the next financial year 2080/81 was announced. The budget for the next financial year of the central government will be released on Monday. On Sunday, the stock market NEPSE declined by two points. Earlier, NEPSE had increased for 7 consecutive trading days. … Read more
12 June, Kathmandu. Nepal Chamber of Commerce has suggested that the tax administration should be made more agile in the context of dwindling revenue. The Chamber made this suggestion in the context of a wider dialogue on Customs and Revenue. The Chamber has discussed with relevant associations and related organizations and traders the need to … Read more
14 June, Kathmandu. The Investment Board Nepal has approved the Project Development Agreement (PDA) of Lower Arun. The board meeting held on Sunday approved the draft PDA for construction of the project with Indian company Sutlej Vidyut Nigam (SJVN). In the meeting of the Board of Investment held on June 8, 2078 under the chairmanship … Read more