Nepal unveils relief package to help flood-hit businesses recover

Kathmandu, Sept. 4 -- Nepal's government has announced a special package to help businesses recover from the devastating floods in the Bhotekoshi river basin, offering customs and tax exemptions, loan... Read More

How Nepal is mobilising funds in flood response

Kathmandu, Aug. 28 -- The government is scrambling to mobilise funds for rescue, relief and rehabilitation efforts in areas affected by the Bhotekoshi flood, as it appeals for support from both domest... Read More

What is the Nepal government's 'one-door policy' for flood relief?

Kathmandu, Aug. 27 -- Following the devastating floods in the Bhotekoshi river in Rasuwa, the Nepal government has implemented a 'one-door system' to streamline the collection and distribution of reli... Read More

Lawmakers want to shrink the central bank governor's term. Critics say that could open the door to political interference

Kathmandu, Aug. 21 -- Former governors of Nepal Rastra Bank have criticised a parliamentary committee's decision to cut the tenure of the central bank's governor, deputy governors and board members to... Read More

Tax-free threshold doubled, bringing top officials into the net of exemption

Kathmandu, Aug. 19 -- The government's decision to double the annual income-tax threshold to Rs1 million means even some of Nepal's highest-paid public officials will pay no personal income tax this f... Read More

Commercial banks post 32 percent profit surge despite weak credit demand

Kathmandu, Aug. 17 -- Nepal's commercial banks recorded a 32 percent increase year-on-year in net profit in the last fiscal year, despite weak economic activity, sluggish credit demand and a sharp ris... Read More

In Nepal, bankers are learning to fear the loan

Kathmandu, Aug. 13 -- In September 2019, the Central Investigation Bureau (CIB) of Nepal Police arrested 11 employees of the then Bank of Kathmandu, now merged with Global IME Bank Limited, including ... Read More

Rs250 purchase earns Kanchanpur consumer Rs1 million jackpot

Kathmandu, Aug. 7 -- A consumer who bought goods worth just Rs250 from a grocery store in Kanchanpur has won a Rs1 million bumper prize under the government's tax incentive lottery programme aimed at ... Read More

How Nepal's tax lottery works-and how a Rs250 purchase won Rs1 million

Kathmandu, Aug. 7 -- A consumer who spent just Rs250 at a grocery store in Kanchanpur has won the government's Rs1 million bumper prize under its new taxpayer incentive lottery programme, with the fir... Read More

Depositors of 'troubled' cooperatives to get money back but those having cash in other institutes unsure of refund

Kathmandu, Aug. 4 -- The government has begun returning savings to depositors of officially declared troubled cooperatives since mid-May, offering long-awaited relief to thousands of victims. Yet the ... Read More

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