Economy News - Page 14
Nepal Life Credits 5% Bonus Shares to Eligible Shareholders
Shareholders who held Nepal Life Insurance shares as of Poush 7, 2082 BS have now received their 5% bonus shares directly into their respective Demat (beneficiary) accounts.
Gold Price Jumps Rs. 4,200 per Tola, Reaches Rs. 288,000
Gold prices in Nepal rose sharply on Wednesday, with fine gold increasing by Rs. 4,200 per tola to Rs. 288,000, while silver also gained Rs. 95 per tola.
Gold Price Dips Slightly, Silver Extends Gains in Nepali Market
Gold prices fell by Rs. 200 per tola in the domestic market on Tuesday, while silver prices increased by Rs. 30 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
Energy Ministry Pushes to Raise VAT-Free Electricity Limit to 150 Units
The Ministry of Energy is preparing a proposal to increase the VAT exemption threshold on household electricity consumption from 50 units to 150 units, aiming to ease the financial burden on consumers and encourage greater use of electricity.
Nepal's Tea Exports to India Decline in Volume and Value
Nepal's tea exports to India through the Kakarvitta border declined in both volume and value during the last fiscal year, with export earnings falling by nearly Rs 640 million.
Nepal Oil Corporation Raises Fuel Prices, LPG Rate Unchanged
Nepal Oil Corporation has increased the prices of petrol, diesel, kerosene and aviation fuel effective Tuesday, while keeping the price of LPG unchanged despite higher import costs.
Gold and Silver Prices Rise in Nepal on Monday
Gold and silver prices increased in the Nepali market on Monday, with gold gaining Rs 800 per tola and silver rising by Rs 35 per tola.
Petroleum Imports Through Kakarbhitta Reach Rs. 24.50 Billion
Kakarbhitta Customs imported Rs. 24.50 billion worth of petroleum products, including petrol, diesel, and LPG, during the last fiscal year, generating billions of rupees in government revenue.
Gold Falls Rs. 1,800 Per Tola, Silver Down Rs. 45
Gold and silver prices declined in Nepal on Sunday, with gold falling by Rs. 1,800 per tola and silver dropping by Rs. 45 per tola, according to the Federation of Nepal Gold and Silver Dealers' Association.
IRD Urges Consumers to Register Bills for Taxpayer Reward Program
The Inland Revenue Department (IRD) has urged consumers to register original PAN and VAT bills through its newly launched online portal to participate in the taxpayer incentive program, offering daily cash prizes of Rs. 100,000 and a Rs. 1 million bumper reward every 15 days.
Fuel Price Hike Likely as IOC Raises Supply Rates
Nepal Oil Corporation (NOC) is likely to increase fuel prices after receiving a new pricing list from Indian Oil Corporation (IOC), showing a double-digit rise in import costs. The final decision will be made by NOC's Board of Directors.
Gold Price Rises by Rs 1,000 per Tola, Silver Also Gains
Gold and silver prices increased in Nepal on Friday, with fine gold climbing to Rs 285,000 per tola and silver rising by Rs 50 per tola.