Nepal’s most vulnerable investors will benefit from improved safeguards on local shares: IFC report
Kathmandu, September 18 - A report on analysis of Nepal’s innovative benefit-sharing policy that allows communities to invest in hydropower projects through the purchase of ‘local shares’ has recommended more community education and improved regulation to maximise opportunities for investors while protecting them from undue risks.
Banks seek traditional tax calculation method
Kathmandu, September 3- Commercial banks have sought Nepal Rastra Bank (NRB)’s favour to apply the traditional method in tax calculation.
NRB makes LC mandatory for imports of over IRs 50 million
KATHMANDU, Aug 15: Nepal Rastra Bank (NRB) has made letter of credit (LC) mandatory for imports from India worth above 50 million Indian rupees from India.
World Bank board approves $100 million to help deepen financial sector reforms
WASHINGTON DC, Aug 8: The World Bank Group's Board of Executive Directors has approved a fourth Financial Sector Stability Development Policy Credit (DPC4) of $100 million to Nepal to help it continue to deepen its medium-term reform program in the financial sector.
NRB extends time for banks to publish financial reports
Kathmandu, July 30 - Nepal Rastra Bank (NRB) – the central regulatory and monetary authority – has provided additional time for commercial banks to publish their unaudited financial statements from the fourth quarter of the previous fiscal 2017-18 to the end of ongoing fiscal 2018-19.
Mutual funds under Sebon scanner for over-reliance on bank interest
KATHMANDU, July 27: Securities Board of Nepal (Sebon) has initiated a process to take action against mutual fund managers for parking their cash in bank and financial institutions (BFIs) in amounts higher than the limit.
NRB makes tax clearance certificate mandatory to avail business loans
Kathmandu, July 23 - Banks and financial institutions have been instructed to ask for tax clearance certificate from the borrower companies while granting loans.
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Corporate News
Parliament body asks govt to solve problem of multiple taxation
KATHMANDU, Aug 15: Parliament’s Finance Committee on Tuesday issued directions to the government to take the lead in solving the chronic problem of multiple taxation by the three tiers of government, as well as the exorbitant hike in tax rates.
Read more ...Trade deficit surged five-fold in last decade
Kathmandu, August 5 - The country’s trade deficit jumped five folds in the last decade as imports have been skyrocketing and exports have slowed to a crawl in the review period.
Read more ...Commercial banks yet to reach 122 local units
KATHMANDU, July 29: According to the latest data of the Nepal Rastra Bank (NRB), commercial banks have opened their branch offices in 631 local units so far, leaving 122 local units without their coverage.
Read more ...Currency war can end global US dollar dominance & those who own gold have power
MOSCOW, June 24: The world is facing a currency war and the only hedge against the crash of the US dollar is real gold, a precious metal analyst has told RT. With geopolitical power shifting from West to East, US dominance may be ending.
Read more ...| Symbol | % Change | Last Price | Turnover |
|---|---|---|---|
| GIMES1 | 12.5000 | 9.0 | 228,200.0 |
| NICA | 3.9312 | 423.0 | 46,663,655.0 |
| DBBL | 3.6765 | 141.0 | 14,410,498.0 |
| CFCL | 3.3613 | 123.0 | 308,006.0 |
| CHL | 3.3333 | 124.0 | 49,040.0 |
Market Summary
| Total Turnover Rs | 555,061,502 |
| Total Traded Shares | 2,015,829 |
| Total Transactions | 5,966 |
| Total Scripts Traded | 167 |
National News
- World Bank approves energy credit to Nepal
- Reserve Bank of India unlikely to swap banned Indian notes lying in Nepal
- Govt keen to buy 935,000 tonnes of fertilisers from India
- Transition to federalism may cost 3-4% of GDP: WB
- Nation facing economic crisis ahead, says FM Khatiwada
- Nepal’s bid to remain among the poorest succeeds
- Local units liable for their expenditure
International News
- Trade war impact: 25% hike on China's imports to US can make Indian products competitive, says CII
- Trump says deal for young immigrants is ‘NO MORE’
- Rejecting protectionism, ASEAN and Australia commit to free trade
- EU targets 20 nations for helping tax avoidance
- Rasuwagadhi-Kerung becomes int’l crossing point
- India’s central bank governor says state banks need more capital
Corporate Announcement
Uni Lever's Dividend for the Fiscal Year 2074-75
Kathmandu, September 13, 2018 - As per NEPSE, 150th Board meeting of Board of Directors of Unilever Nepal has recommended distribution of Rs700.00 per share as dividend out of the profit available for appropriation for the year 2074/75.
Read more ...Dividend of Mahalaxmi Bikash Bank
Kathmandu, August 28- The board of directors of Mahalaxmi Bikash Bank has proposed 15% dividend (8% stock and 7% cash) from the earning of last fiscal year.
Read more ...Right Share Subscription of NCC Bank starts
Kathmandu, August 21- Nepal Credit and Commerce Bank has opened 50% right share subscription from Bhadra 04, 2075. The share holders having purchased shares up to Sharawan 14,2075 are eligible to apply for the right share of the bank.
Read more ...National Life Insurance Extends Right Share Subscription Period
Kathmandu, August 20- National Life Insurance Company ( NLICL) has extended time period for right share subscription. The deadline for subscription of 60% right share has been extended to Bhadra 19, 2075.
Read more ...Unilever launches new laundry soap
KATHMANDU, Aug 7: Unilever Nepal Limited has launched a new laundry soap named 'Wheel 2 in 1' in the Nepali market.
Read more ...Book Closure of Surya Life for Right Shares
Surya Life Insurance Company Ltd. has informed NEPSE on 2074-12-27 about the Book Closure notice for issuing Rights Share. Surya Life has announced 40% right share issuance.
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