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The Inland Revenue Office in Hetauda has collected approximately Rs 5.92 billion in revenue over the first 10 months of the current fiscal year, exceeding the previous year's collection by over Rs 341 million. This achievement is attributed to intensified efforts in recovering outstanding dues and market monitoring, according to office chief Yukta Prasad Subedi. Meanwhile, the Inland Revenue Office in Bhadrapur collected Rs 3.61 billion, reaching 82.21 percent of its target for the same period.
Zydin Biotech Exports Anticancer Medicine Raw Materials from Nepal to India
Zydin Biotech, a pharmaceutical company in Bharatpur, Chitwan, has begun exporting raw materials for anticancer medicines, including paclitaxel and docetaxel, to India. The company's chairman, Dr. G Narayan Bahadur Chhetri, stated that the factory, established as a joint venture, utilizes advanced equipment for production.
Nabil Bank Relocates Holiday Counter Service to New Baneshwor Branch
Nabil Bank Limited has relocated its specialized Holiday Counter Service from the Bijulibazar branch to the New Baneshwor branch. This move is part of a broader consolidation plan that integrates the operations of the Bijulibazar and Shankhamul branches into the New Baneshwor hub, aiming to optimize retail operations and enhance client convenience.
Foreign Investors Repatriate Rs 5.72 Billion in Dividends from Nepal, Nearly Double Last Year
Foreign investors repatriated NPR 5.72 billion from Nepal in dividends and investment returns by the end of Falgun in the current fiscal year, a significant increase from NPR 2.98 billion in the previous year. Despite this rise in profit repatriation, Nepal recorded a 27.9 percent increase in Foreign Direct Investment (FDI) inflow, reaching NPR 10.84 billion by Falgun 2082.
Nepal's Public Enterprises: 27 Profitable, 16 Incurring Losses, Ministry of Finance Report
A recent report from Nepal's Ministry of Finance reveals that out of 45 public enterprises (PEs), 27 were profitable in the fiscal year 2024/25, while 16 incurred losses and two have been shut down. Despite an overall increase in net profits by 12.03%, deep-seated structural and managerial weaknesses continue to impact these state-owned entities.
