Business & Economy


Nepal Infrastructure Summit to be held on Sept 11-12 Friday, August 2nd, 2019

KATHMANDU: Confederation of Nepalese Industries (CNI) is going to organise third series of Nepal Investment Summit on September 11 and 12, 2019 in Kathmandu. The third Nepal Infrastructure Summit 2019 will assemble over 500 participants, according to a press statement of CNI. The summit will..

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Trump threatens 10% tariffs on China; stocks plummet on news Thursday, August 1st, 2019

WASHINGTON (AP): President Donald Trump announced Thursday the U.S. will apply a new tariff of 10% on about $300 billion worth of products from China beginning Sept. 1, escalating the two countries’ festering trade dispute. Trump tweeted amid slow-moving talks with China that negotiations will..

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Gorkha Brewery asked to pay taxes within seven days

CHITWAN: The Inland Revenue Office, Bharatpur has issued an order to the Gorkha Brewery to determine its final excise duty. The Office has asked the Brewery to clear the taxes due to be paid for last two fiscal years that stands at over Rs 870 million within seven days. Office Chief Shubha Prasad..

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Reference interest rate in offing for cooperatives Tuesday, July 30th, 2019

KATHMANDU: The Department of Cooperatives (DoC) is all set to implement the reference interest rate for the cooperatives. Dr. Tok Raj Pandey, Registrar of the DoC, said on Tuesday that the DoC would implement the interest rates at any cost. “Feelings and emotions do not deter us from practicing..

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Nepal commercial banks ignoring Central Bank directive

KATHMANDU: Almost all the commercial banks in the country are found ignoring Nepal Rastra Bank (NRB)'s request to compulsorily increase the investment in the agriculture sector to 10 per cent. The Monetary Policy recently released by the Central Bank states that the commercial banks have only..

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Women entrepreneurs for friendly trade policy Sunday, July 28th, 2019

KASKI: Women entrepreneurs based in the Gandaki State have demanded a women-friendly trade policy Women entrepreneurs present in a mass gathering hosted by the Women Entrepreneurs Sub Committee of Pokhara Chamber of Commerce and Industry here today raised the voice for the business policy friendly..

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Nepal’s commercial banks stop import due to gold stock piling Saturday, July 27th, 2019

KATHMANDU: Nepal's commercial banks have stopped the import of gold for the last two weeks. The banks stopped the import because they have enough gold stock. The piling of gold stock forced the banks to stop the import as per the quota fixed by Nepal Rastra Bank, which is 20 kilogram per day. The..

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Nepal’s industrialist urges government for property refund Friday, July 26th, 2019

KATHMANDU: Former president of Garment Association Nepal, Brij Gopal Inani, has urged the government to return his property to him by removing the Mahalaxmi Garment Industries under his ownership from the black list. Inani, who is also the former president of Asian Textile and Garments Council,..

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CNI and Nepal Chamber of Commerce hails Monetary Policy Thursday, July 25th, 2019

KATHMANDU: The Confederation of Nepalese Industries (CNI) and Nepal Chamber of Commerce (NCC) on Thursday appreciated the Monetary Policy of the current fiscal year 2019/20 for creating the bases for high economic growth of 8.5 per cent and desired inflation. “The Monetary Policy has tried to..

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