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Budget Incentives for Investors: Includes Tax Exemptions
The government has undertaken various programs, including tax exemptions, for the improvement of several sectors.
For the upcoming fiscal year, a new bill related to crop cultivation has been introduced in the budget. A program to determine the eligibility criteria for the appointment of the Revenue Chief has been initiated.
Some of the…
Read More...Govt. unveils Rs 1.86 Trillion annual budget for Fiscal Year 2024/25
The government has announced the budget of Rs 1.86 trillion for the upcoming fiscal year 2024/025. Minister for Finance Barshaman Pun unveiled the budget in a joint meeting of the federal parliament this afternoon.
As announced, Rs 1140.66 billion (61.31 percent) has been allocated towards current expenditure while Rs 352.35 billion (18.94…
Read More...Nepal’s Number of Doctors Reaches 45,409
Kathmandu - Nepal's number of doctors has reached 45,409. This is according to the data up to Poush month of 2080.
According to the economic survey of the fiscal year 2080/081 presented by Finance Minister Varshaman Pun Anant in both houses of the Federal Parliament, 30,277 medical doctors, 4,883 dentists, and 10,588 specialist doctors are…
Read More...Nepal’s Public Institutions Earned NPR 48.51 Billion in Net Profit Last Fiscal Year
In the last fiscal year, 26 public institutions earned a net profit of Rs. 48.51 billion 75 lakhs. According to the Ministry of Finance, there are currently 44 public institutions, of which 15 have incurred losses and three have zero business operations. The 'Annual Status Review of Public Institutions 2081' states that in the fiscal year…
Read More...2.3 million internet users added in 8 months
The number of mobile data or broadband internet users in Nepal has surged by 2.3 million in the past eight months, according to the economic survey of the fiscal year 2080/81.
The survey revealed that the number of data/internet users was 42.18 million in Falgun, up from 39.88 million in Asar.
The Nepal Telecommunications Authority (NTA)…
Read More...Nepal’s Social Security Coverage Expands by 5.5%, Allocation Increases to 14% of Total Budget
The number of Nepalese citizens receiving social security allowance has increased by 5.5 percent, according to the economic survey of the financial year 2080/081 presented by Finance Minister Barshaman Pun Anant on Sunday.
The survey, which was presented in both houses of the Federal Parliament, revealed that the number of citizens covered…
Read More...Power supply to be disrupted for six hours in various parts of KTM from today
KATHMANDU, May 16: The Nepal Electricity Authority (NEA) has announced that power supply will be affected in various parts of the KTM valley from today.
The NEA has stated that power supply will be disrupted in Nayabazar on Thursday, Naya Bazar and Chhetrapati on May 18, Bhimsensthan on May 19, and Bhimsensthan and Tripureshwar area on May…
Read More...Nepal Electricity Authority’s Underground Electricity Distribution System Nears Completion
The Nepal Electricity Authority has finished building an underground electricity distribution network in several locations across Kathmandu Valley. The authority announced that the underground system will undergo testing in areas such as Pepsicola-Jadibuti, Lainchour-Narayangopal Chowk, Chuchchepati-Chabahil-Mitrapark, Kalanki-Tripureshwar,…
Read More...Nepali Superhuman Climbs Everest for Record 29th Time at Age 52
Kathmandu, May 12, 2024 - Kamirita Sherpa, a world-renowned Nepali mountain climber, has broken his own record for the most summits of Mount Everest. The 52-year-old Sherpa reached the 8,849-meter (29,032-foot) peak at 7:25 am local time on Sunday, marking his 29th successful ascent of the world's highest mountain.
Sherpa's latest summit…
Read More...Eduroam Service Launched at Tribhuvan International Airport
Tribhuvan International Airport has officially launched the Eduroam service, a global initiative that provides secure internet access to students, universities, and research institutions. This service enables users to connect to their educational institution's network using their credentials, facilitating seamless connectivity while traveling or…
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