Economy News
Nepal's VAT Collection Exceeds Target as Consumer Reward Scheme Boosts Tax Compliance
Nepal's VAT collection exceeded its first-quarter target in FY 2083/84, reaching Rs. 41.04 billion, up 10% compared to the same period last year. The increase comes after the Inland Revenue Department introduced a consumer reward scheme encouraging people to demand bills when making purchases.
Nepal Estimates $5 Billion Needed for Reconstruction After Bhotekoshi-Trishuli Disasters
Finance Minister Dr. Swarnim Wagle has estimated that Nepal will require approximately $4.7 billion to $5 billion for reconstruction following the disasters in the Bhotekoshi and Trishuli regions. The government is preparing a phased financing plan, including financial support from India, China, the World Bank and the Asian Development Bank (ADB).
Maya Khola Hydropower's Net Profit Surges 124.52% to Rs 6.38 Crore in Q1
Maya Khola Hydropower Company Limited (MKHC) has reported a 124.52 percent increase in net profit, earning Rs 6.38 crore in the first quarter of FY 2083/84, compared to Rs 2.84 crore in the same period last year. Higher electricity sales revenue and lower interest expenses supported the company's improved profitability.
Khani Khola Hydropower Turns Profitable, Reports Rs 3.65 Crore Net Profit in Q1
Khani Khola Hydropower Company Limited (KKHC) has made a remarkable financial turnaround, reporting a net profit of Rs 3.65 crore in the first quarter of FY 2083/84, compared to a net loss of Rs 1.89 crore in the same period last year.
Kalinchowk Darshan Reports Higher Quarterly Loss as Flood Disrupts Tourism
Kalinchowk Darshan Limited (KDL) reported a net loss of Rs 4.596 million in the first quarter of FY 2083/84, up from Rs 3.386 million in the same period last year. The decline was largely attributed to the devastating Bhotekoshi floods, which disrupted road access and reduced tourist arrivals.
Gold Price Edges Up by Rs 600, Silver Declines in Nepali Market
Gold prices in Nepal increased by Rs 600 per tola on Wednesday, reaching Rs 275,600, while silver prices dropped by Rs 20 to Rs 3,655 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Gold Price Rises by Rs 700, Silver Declines by Rs 45 in Nepal
Gold prices increased slightly in the Nepali market on Tuesday, while silver prices recorded a decline, according to the Federation of Nepal Gold and Silver Dealers' Association.
Makar Jitumaya Suri Hydropower Proposes 13.6842% Dividend for FY 2082/83
Makar Jitumaya Suri Hydropower Limited has proposed a 13.6842% dividend for its shareholders for FY 2082/83, comprising 13% bonus shares and 0.6842% cash dividend to cover tax obligations.
Unilever Nepal Proposes 1,540% Cash Dividend for FY 2082/83
Unilever Nepal Limited (UNL) has proposed a massive 1,540% cash dividend for its shareholders for FY 2082/83, amounting to Rs. 1,540 per share. The company has scheduled its book closure from November 25 to December 9, 2026.
Aarambha Chautari Laghubitta Announces No Dividend for FY 2082/83
Aarambha Chautari Laghubitta (ACLBSL) has decided not to distribute any dividend to its shareholders for the fiscal year 2082/83, subject to regulatory approval.
Gold and Silver Prices Rise in Nepali Market
Gold prices surged by Rs. 2,300 per tola, while silver recorded a gain of Rs. 70 per tola in the Nepali domestic market on Monday.
Gold Price Plunges by Rs. 8,300 Per Tola; Silver Also Sees Sharp Decline
Nepal’s gold and silver prices recorded a significant decline on Sunday, with gold dropping by Rs. 8,300 per tola and silver falling by Rs. 175 per tola, according to the Federation of Nepal Gold and Silver Dealers’ Association.