Corporate Finance
Builders are being paid four billion dollars in arrears by the government.
The government has prioritized payments based on the approved program budget from the previous year, following new budget guidelines, with the aim of reducing outstanding debt for builders.
Eight years later, electricity leakage has decreased by half, bringing in an extra 12 billion rupees annually.
Nepal Electricity Authority reduced electricity leakage by half, from 12.73 percent in 2072-2073 to 12.73 percent in 2080-81.
Commercial banks have sent the government income taxes of 29 billion 988 million rupees.
Banks paid 14.41% more income tax in 2079/80 compared to the previous year, with a total of 25 billion 91 crore ($28 lakh 81 thousand) paid.
The approval of almost thirteen billion donations from the UK by the Cabinet.
Nepal is set to receive a 13.8 billion rupee grant from the British government for a program focusing on gender, human development, environmental adaptation, and inclusion.
There were 601 enterprises with a turnover of more than one billion, down from 80 in the previous year.
The number of large trading companies has increased due to the economic downturn, according to the latest update from the Internal Revenue Department.
The opening of the Kakarbhitta-Phulbari-Banglabandha transit route on August 31, 1997, facilitated the growth of trade between Nepal and Bangladesh.
On July 28, a power trade deal between Bangladesh, India, and Nepal was to be signed. The accord called for the export of 40 MW of electricity from India to Bangladesh.
The life insurance company experienced a roughly 10% growth in business.
In FY 2080-81, life insurance businesses saw a 9.82% increase in business, with a total of 1 crore 37 lakh 734 thousand insurance policies sold or renewed.
The banks' annual profit is 64 billion, up 10 and down 10 from the previous year.
Nabil, Nepal SBI, Kumari, Prime, Himalayan, Lakshmi Sunrise, Krishi Vikas, Everest, Prabhu, and Nepal Investment Mega Bank have all reported increased profits.
To date, the municipality has invested Rs800,000 in testing Chinese drones to remove trash off Everest slopes.
Nepal plans to use heavy lifter drones for the first time in Nepal's high-altitude region to move trash from Ama Dablam peak.
The construction of an international airport in Bhairahawa aimed to boost tourism, stimulate the economy, and create employment, but the opposite is actually the case.
In the southern city of Bhairahawa, Nepal opened its second international airport in May 2022, however as of right now, no international flights stop there.
Directives from the Prime Minister to implement the essential measures for the Pokhara and Bhairahawa Airports to operate.
directives to ensure that the monetary policy-excited business community's spirits don't dip.
Microfinance was enhanced by monetary policy.
Employees in the microfinance industry are thrilled about the initiatives the Central Bank has proposed to enhance microfinance financial institutions.
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