Government promises education, health tax refunds within 50 days

Kathmandu, July 23 -- The government officially scrapped the three percent equity tax levied through the fiscal budget on education and health services. Government spokesperson Sasmit Pokharel said t... Read More

Balendra Shah government announces rollback of 3 percent health, education fees

Kathmandu, July 22 -- Prime Minister Balendra Shah on Tuesday announced that the government would not enforce the newly introduced three percent "equity fees" on private education and health services,... Read More

Refunds uncertain after government rolls back equity tax on education and health services

Kathmandu, July 22 -- The government's decision to scrap the three percent parity tax on education and healthcare services has left taxpayers wondering whether the money already collected under the le... Read More

Government offers Rs1 million lottery to shoppers demanding tax invoices

Kathmandu, July 21 -- Consumers who ask for tax invoices when purchasing goods and services can now win cash prizes of up to Rs1 million under a new government lottery scheme aimed at improving tax co... Read More

Tax withdrawal to be formalised through Cabinet, says finance minister

Kathmandu, July 21 -- Prime Minister Balendra Shah announced on social media on Tuesday that the proposed three percent equity fees on private education and health services would not be implemented, s... Read More

Banks have excess cash, poor Nepalis can't borrow it

Kathmandu/rautahat, July 19 -- When Sehara Khatun needed Rs150,000 to cover her household expenses, the only person willing to lend her money was a local moneylender. Seven years later, the 40-year-o... Read More

Nepal's development spending short of even half of annual allocation

Kathmandu, July 17 -- The government has fallen far short of its development spending target, underscoring a persistent problem that has slowed infrastructure expansion and weakened the impact of publ... Read More

Banks sit on Rs1.56 trillion in excess liquidity as weak credit demand persists

Kathmandu, July 16 -- With just a week remaining in the current fiscal year as of July 10, banks and financial institutions are sitting on Rs1.56 trillion in lendable funds, reflecting a persistent su... Read More

Political reset fails to lift Nepal's stock market

Kathmandu, July 13 -- For Nepal's stock market investors, the installation of a new government was expected to usher in a new era of confidence. A government led by the Rastriya Swatantra Party (RSP)... Read More

PM looks to private sector to lift economy

Kathmandu, July 9 -- Prime Minister Balendra Shah has begun formal consultations with the private sector after completing the first 100 days in office, signalling a shift towards broader engagement wi... Read More

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