KATHMANDU: Finance Minister Dr. Swarnim Wagle has said the prices of electric vehicles priced below Rs 5 million will decrease after the government corrects a tax provision introduced through the budget for FY 2026/27. Speaking at a post-budget discussion organized…

KATHMANDU: Kulman Ghising, the Chairman of the Ujyaalo Nepal Party and former Energy Minister, has stated that the government discouraged the use of electric vehicles through the budget. He wrote a status on the social media platform Facebook. He said…

KATHMANDU: The government is set to levy a ‘Clean Infrastructure Investment Fee’ even on electric vehicles (EVs) imported before the budget announcement. Through the Economic Act 2026(2083), introduced to implement the budget for the upcoming fiscal year 2026/27(2083/84), the government…

KATHMANDU: Nepal Oil Corporation (NOC) has decided to keep fuel prices unchanged. A meeting of the corporation’s board on May 31 decided to maintain the current retail prices. The decision comes despite receiving a new fuel price list from Indian…

KATHMANDU: Chinese automaker SAIC Motor is set to sell an additional 10 percent stake in JSW MG Motor India to the JSW Group, according to a Reuters report. Once the transaction is completed, JSW Group will become the largest shareholder…