Latest NEPSE and Share Market News - Page 53
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.
NRB Takes Action Against Prabhu, Rastriya Banijya and Agricultural Development Banks
Nepal Rastra Bank (NRB) has taken regulatory action against Prabhu Bank, Rastriya Banijya Bank, and Agricultural Development Bank for violating banking regulations. The central bank fined Prabhu Bank's former CEO and warned the two state-owned banks over compliance failures.
Lawmakers Seek Major Overhaul of NRB Leadership and Board Structure
Lawmakers have proposed sweeping amendments to the Nepal Rastra Bank (Third Amendment) Bill, seeking to reform the central bank's leadership selection process, strengthen institutional independence, enhance transparency, and ensure greater inclusiveness in its Board of Directors.
Home Minister Urges End to Religious Conflict, Hindu Front Suspends Protest
Home Minister Sudhan Gurung has said Nepal should not witness any form of religious conflict, emphasizing social harmony and peaceful coexistence after talks with the United Hindu Front in Dhanusha. Following the discussions, the Front withdrew its ongoing protest after submitting a 13-point memorandum to the government.
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.
Policy Uncertainty Dragging Nepal's Economy, NRB Study Warns
A new Nepal Rastra Bank (NRB) study has found that economic policy uncertainty significantly weakens Nepal's economy by reducing GDP growth, discouraging investment, slowing bank lending, and increasing volatility in the stock market. The report emphasizes that predictable policies and clear communication are essential to maintaining investor confidence and ensuring long-term economic stability.
SEBON Begins Process to Introduce Margin Lending, Short Selling in Nepal's Capital Market
The Securities Board of Nepal has released a consultation paper on margin lending, securities lending and borrowing, and short selling, marking a major step toward modernizing the country's capital market.
SEBON Unveils New IPO Financial Review Standards, Plans Primary Market White Paper
Nepal's securities regulator has introduced new financial review standards for IPOs and announced plans to publish a Primary Market White Paper to improve transparency and strengthen investor confidence.
Supreme Wine Nepal Appoints National Capital as IPO Issue Manager
Kathmandu-based wine producer Supreme Wine Nepal has taken a step toward its public offering by appointing National Capital Limited as the issue and sales manager for its upcoming IPO.
Why Does Nepal Provide Rs 1 Million Compensation for Protest Deaths?
The government's decision to provide Rs 1 million compensation to families of those killed in politically sensitive incidents has become an established practice, but it is based on policy decisions rather than a legal mandate.
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.
Janakpur Curfew Halts Jaynagar–Janakpur–Bhangaha Railway Service
Nepal Railway suspends cross-border train operations until further notice following a curfew imposed in Janakpur over security concerns.