Corporate Finance
The government begins the process of obtaining the nation's sovereign credit rating.
Nepal has initiated the acquisition process for its Sovereign Credit Rating (SCR), which has been halted for several years due to various reasons.
Two months into FY 2024–2025, 103 local bodies lack budgets.
103 out of 753 local bodies have not submitted their budgets to their councils, despite the Intergovernmental Fiscal Arrangement Act 2017 deadlines.
To recover Rs 100 billion from BFIs, NRB.
Nepal Rastra Bank plans to collect Rs 100 billion from banks and financial institutions through a bidding instrument due to increased liquidity in the banks.
Taketa will give information about the Ministry of Finance's multi-year resource agreement.
The Ministry of Finance has instructed various ministries to provide a comprehensive overview of the multi-year resource agreement and outstanding obligations.
Investors in CEDB Hydropower are exempt from paying bonus taxes.
CEDB Hydropower Development Company has announced that investors will not be required to pay tax on bonus shares, as the company will cover the tax itself.
9 billion 450 million in loan assistance from foreign sources approved [the Council of Ministers made these decisions].
The Indian government has approved a concessional loan of $53.4 million from the International Fund for Agricultural Development for the Resilience High Value Agricultural Program.
The effectiveness of internal resource mobilization will increase: Minister of Finance Paudel
Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has announced a plan to enhance the efficiency of internal resource mobilization for Nepal's development and prosperity.
Nepal's energy sector needs to invest 46 billion, according to IPPAN President Karki
Ganesh Karki, Chairman of IPPAN, stated that generating 28,500 megawatts in Nepal's energy sector requires a 46 billion rupee investment.
Additionally, Rastra Bank has started a major operational overhaul in monetary policy: Adhikari, the Governor
Nepal's economy, weakened by earthquake and COVID, is gradually improving, with progress in construction, industry, and trade sectors in the last two years, according to Governor Adhikari.
The revenue ratio will be 23.5 percent of GDP.
The government has implemented an internal revenue mobilization policy with a target of a 23.5% revenue ratio compared to GDP.
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Aircraft retire? In Nepal, an ATR 42 nears its demise
ATR 42-320, Nepali registration 9N-AIN, took its final flight after 29 years, departing Kathmandu airport with a dozen and a half passengers on a sightseeing tour.
The number of taxpayers in the Kathmandu metropolitan increased to 7,800 last year.
The Kathmandu Metropolitan City now has 7,800 more taxpayers than it did in the fiscal year 2080–1801.
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