Business

Nabil Bank Limited has been honored with the "Excellence in Annual Report Award 2024" by the Institute of Chartered Accountants of Nepal (ICAN). The award recognizes the bank’s outstanding performance in financial transparency, accountability, and corporate governance within the banking sector. The recognition was based on Nabil Bank’s Annual Report for the fiscal year 2023/24. ICAN selected the bank as the best in the banking sector for its clear and transparent financial reporting. Notably, Nabil Bank had also received the Gold Award in the previous fiscal year 2022/23. The award was presented during a special ceremony held in Kathmandu on…

Bagmati Province collected 94.12 percent of its targeted revenue for the fiscal year 2081/82, according to the Ministry of Economic Affairs and Planning of the provincial government. The total revenue collection stood at NPR 60.74 billion against the target of NPR 64.54 billion. Information Officer Indraraj Sanjyal of the ministry stated that the projected revenue included funds from revenue-sharing with the federal government, internal sources of the province, and grants received from the federal government. Under revenue-sharing, the province had aimed to collect NPR 29.55 billion. However, it managed to collect only 83 percent of the target, amounting to NPR…

Tanahun, Nepal – A total of 1,177 metric tons of Chaite (spring season) paddy has been produced in Tanahun district over the past year under the Chaite Paddy Promotion Program. The program, initiated under the priority of the Ministry of Agriculture, Land Management and Cooperatives, aimed to boost paddy production during the spring season. According to the Agriculture Knowledge Center, Tanahun, the program was implemented across 5,000 ropani of land through 12 farmer cooperatives. It focused on a cluster-based farming approach, where each cluster required a minimum of 50 ropani of land to participate. The program had a total budget…