Nepal’s Deputy PM Narayan Kaji Shrestha Urges Diplomats to Boost Exports, Tourism, and Investment

Nepal's Deputy PM Narayan Kaji Shrestha Urges Diplomats to Boost Exports, Tourism, and Investment

Deputy Prime Minister and Minister for Foreign Affairs, Narayan Kaji Shrestha, has urged Nepal’s diplomatic missions abroad to expand exports proactively, promote tourism, and manage foreign employment. On Thursday, Shrestha addressed Nepal’s Ambassadors and Mission Chiefs virtually, highlighting the government’s focus on economic diplomacy. Shrestha emphasized the need for Nepali Ambassadors to prioritize the welfare… Continue reading Nepal’s Deputy PM Narayan Kaji Shrestha Urges Diplomats to Boost Exports, Tourism, and Investment

SEBON Approves Reliance Spinning Mills IPO For General Public: Key Details

SEBON Approves Reliance Spinning Mills IPO

The Securities Exchange Board of Nepal (SEBON) has approved Reliance Spinning Mills Limited’s request to launch an Initial Public Offering (IPO) to the general public. The IPO will be launched via the book-building method. The company will issue 1,155,960 shares to the general public at a 10% discount. A minimum of 50 units is required to… Continue reading SEBON Approves Reliance Spinning Mills IPO For General Public: Key Details

Municipal Budgets for 2081/82: Lalitpur, Bharatpur, Bhaktapur, and Nepalgunj

Municipal Budgets for 2081/82: Lalitpur, Bharatpur, Bhaktapur, and Nepalgunj

The Municipal Budgets for 2081/82 of Lalitpur Metropolitan City, Bharatpur Metropolitan City, Bhaktapur Municipality, and Nepalgunj Sub-Metropolitan City are given below: Lalitpur Metropolitan City Lalitpur has set its budget at Rs 7.46 billion, an increase of Rs 960 million from the previous fiscal year. The budget includes: Development Projects: Rs 4.67 billion Recurrent Expenditure: Rs 2.78… Continue reading Municipal Budgets for 2081/82: Lalitpur, Bharatpur, Bhaktapur, and Nepalgunj

Kathmandu Metropolitan City Announces Rs 25.70 Billion Budget for FY 2081/82

Kathmandu Metropolitan City Announces Rs 25.70 Billion Budget for FY 2081/82

A budget of Rs 25.70 billion has been announced by the Kathmandu Metropolitan City (KMC) for the fiscal year 2081–2082. At the 15th municipal assembly meeting, Deputy Mayor Sunita Dangol presented the budget, which was reduced by Rs 170 million from the year before. The budget allocation is as follows: Infrastructure Development: Rs 14.81 billion… Continue reading Kathmandu Metropolitan City Announces Rs 25.70 Billion Budget for FY 2081/82

Non-Life Insurance Premiums in Nepal Reach Rs. 36.32 Arba in FY 2080–81: Shikhar Insurance Leads with Rs. 4.89 Arba

Non-Life Insurance Premiums in Nepal Reach Rs. 36.32 Arba in FY 2080–81

A report from the Nepal Insurance Authority shows that in the first eleven months of the fiscal year 2080–81, non-life insurance firms collected a total of Rs. 36.32 Arba in premiums from 2,608,792 active insurance policies. Details of Non-Life Insurance Premiums in Nepal FY-2080/81 Till Jestha S.N Insurer Total active insurance policies Total Insurance Charges… Continue reading Non-Life Insurance Premiums in Nepal Reach Rs. 36.32 Arba in FY 2080–81: Shikhar Insurance Leads with Rs. 4.89 Arba

Finance Minister Addresses Share Market Concerns; New Monetary Policy in Development

Finance Minister Addresses Share Market Concerns; New Monetary Policy in Development

Members of the House of Representatives recently talked about Nepal’s share market. They are worried that there is not enough funding for market projects in the 2081–2082 budget. The government has not taken action, and investors’ money is stuck. Aspect Details Finance Minister Barshaman Pun Fiscal Year 2081/2082 Main Concern Lack of provisions in the… Continue reading Finance Minister Addresses Share Market Concerns; New Monetary Policy in Development

Reliance Finance Limited Declares No Dividends for Fiscal Year 2079/80

Reliance Finance Limited Declares No Dividends for Fiscal Year 2079/80

For the fiscal year 2079–2080, Reliance Finance Limited (RLFL) has announced that the company will not pay dividends. This decision was made during the Board Meeting held on Ashadh 07, 2081. The decision is subject to the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the upcoming Annual General Meeting… Continue reading Reliance Finance Limited Declares No Dividends for Fiscal Year 2079/80

Aatmanirbhar Laghubitta’s Dividend and 10% Bonus Shares Listed on NEPSE

Aatmanirbhar Laghubitta's Dividend and 10% Bonus Shares Listed on NEPSE

Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) held its 5th Annual General Meeting (AGM) on 28th Poush, 2080. During this meeting, the company approved a 15% dividend worth Rs. 93.50 Lakhs for the fiscal year 2079/80.  Aspect Details Company Name Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) Number of Bonus Shares Listed 62,338 units AGM Date 28th… Continue reading Aatmanirbhar Laghubitta’s Dividend and 10% Bonus Shares Listed on NEPSE

IRD Reports 11.3% Increase in Revenue Collection by June 14 of the Current Fiscal Year

IRD Reports 11.3% Increase in Revenue Collection by June 14 of the Current Fiscal Year

The Inland Revenue Department (IRD) has reported significant growth in revenue collection over the past few months. By June 14 of the current fiscal year, revenue collection had reached Rs 41.19 billion, increased by 11.30 percent from Rs 37 billion during the same period last fiscal year.  The IRD collected Rs 448 billion in the… Continue reading IRD Reports 11.3% Increase in Revenue Collection by June 14 of the Current Fiscal Year

Aadar Multi Investment Company to launch IPO with Muktinath Capital as Issue Manager

Aadar Multi Investment Company to launch IPO with Muktinath Capital as Issue Manager

Aadar Multi Investment Company Limited is set to launch an IPO of ordinary shares with Muktinath Capital as the issue manager.  The agreement was signed on Ashadh 2, 2081, by Chairman Mr. Yagya Murti Neupane and CEO Mr. Kabindra Dhoj Joshi. Aspect Details Company Name Aadar Multi Investment Company Limited IPO Issue Manager Muktinath Capital… Continue reading Aadar Multi Investment Company to launch IPO with Muktinath Capital as Issue Manager

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